Silver Bull Resources Inc. (SVB:TSX; SVBL:NYSE.MKT) completed a 5,297 line kilometer helicopter-borne versatile time domain electromagnetic (VTEM) and magnetic geophysical survey over Sierra Mojada, it announced in a news release. The survey, done as part of South32 Limited's joint venture option, will help finalize a drill program plan expected to commence at the Coahuila, Mexico, project in Q1/19.
Sierra Mojada is an oxide deposit with an NI-43-101-compliant Measured and Indicated resource of 70.4 million tons grading 3.4% zinc and 38.6 grams per ton silver. Mineralization there remains open to the east, west and north.
Including the main deposit at Sierra Mojada, the VTEM survey delivered geophysical coverage over four main regional prospects. Special concentration was paid to 50 kilometers of the San Marcos fault, which is thought to "be the main control of mineralization in the district," noted the company.
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