Silver Bull Resources Inc. (TSX:SVB,NYSE:SVBL) announced their 2012 corporate year-end review and outlined key project milestones that they intend to move forward with in 2013. One of the main focuses of the Company’s management team is advancing the company’s flagship Sierra Mojada silver-zinc project in Mexico. Some of their 2012 Technical Achievements include discovering a massive sulphide zone grading 16.98% zinc, 5.45% lead and 57.29g/t silver over 8.45 meters in a previously undrilled area 500 meters to the north of the Shallow Silver Zone and releasing a third NI43-101 resource update on the project in July 2012, which represented a 39% increase in the resource size over a period of six months of drilling.
As quoted in the press release:
2012 Corporate Achievements:
Management successfully collected $3.4M USD of historical value added tax balances from the Mexican government dating back to 2007, which helped fund exploration activities through the challenging capital markets environment of 2012.
Completed negotiations with various mineral claim owners, tying together the remaining mineral titles in the area to allow for future development of the mineralization at Sierra Mojada.
Strengthened ties with the local communities by providing access to water for farmers’ livestock throughout drought conditions, holding regular community events, and contributing to a local mining museum. We also remain the largest employer of local people in the area.
The Road Forward in 2013
Silver Bull is quickly moving towards a number of key project milestones in 2013.
Q1 2013: NI43-101 Resource Update
Q3 2013: Maiden Preliminary Economic Assessment