Silver BULL Provides Exploration Drilling Results
March 22, 2017 OTCQB: SVBL, TSX: SVB
SILVER BULL PROVIDES EXPLORATION DRILLING RESULTS
Vancouver, British Columbia – Silver Bull Resources, Inc. ( OTCQB: SVBL , TSX: SVB ) (“Silver Bull”)
announces the results of its recent exploration drill program targeting deep structures on the Sierra
Mojada Project in Coahuila, Northern Mexico.
In September 2016 the Company completed a 590 line kilometer airborne magnetic geophysics survey
over the main deposit at Sierra Mojada targeting structures at depth. In addition, over 20,000 meters of
drill core was re-logged over areas of high interest and a new structural model developed for the main
deposit. This work identified a number of deep structures coincident with known high grade histo rical
silver and zinc mines in the area and were the main targets for the drill program.
Five exploration holes targeting these deep structures underneath the main zone of mineralization were
drilled for a total of 3,270 meters drilled and the results are shown in the table below.
Hole ID Total Length Results
B16001 793m 460m of intense silica alteration. no significant assay results - bottom of
the hole finished in 8g/t Ag and 0.3% zinc at 793 m
B16002 833m 360m of intense silica alteration. 50m @ 0.15% Copper and 27.1g/t silver
from 220 meters including 38.4g/t silver over 7 meters.
B17001 589m 180m of intense silica alteration. 115m @ 0.25% Zn from 165 meters
including 29 meters @ 0.1% lead.
B17002 515m 81m @ 0.64% Zn from 74 meters including 17m @ 65g/t Ag & 41m @
1.4% lead.
B17003 540m no significant results
* Intervals shown are mineralized lengths of core and are not necessarily true widths
Although no significant high grade mineralization was intercepted in these holes, zones up to 460
meters of silica alteration resulting in total replacement of the original country rock with silica in places
were intercepted, and is typical of the sort of alteration expected proximal to an in trusion, the genesis
of the mineralization already defined at Sierra Mojada. Highly anomalous zinc grading between 0.1%
and 0.7% is often associated with this silification as well as lesser, silver, copper and lead. The se zones
were also highly anomalous in manganese, grading up to 1%, which is also typical of carbonate
replacement systems, which when combined with the low grade zinc, silver, lead and copper is thought
to represent a lower grade halo around the main depo sit and provides a powerful vectoring tool for
future drilling. A map showing the location of the drill holes, in relation to the main deposit is shown
below.
Tim Barry President & CEO of Silver Bull states, “ This was pure exploration drilling and we gained
extremely valuable insight into the geology of the Sierra Mojada deposit, and now have a number of
vectors on where to drill next to target the sulphide feeder zones. These were the deepest holes drilled
at Sierra Mojada to date on the project and we have gained a significant understanding on t he
mineralizing system . When one considers the size of the current resource already defined at Sierra
Mojada, coupled with thicknesses of over 400 meters of intensely altered (silicified) country rock, as well
as the yet undrilled wide spread mineral occurrences and historical workings over a 25 kilometer strike
on the project , it suggests we are on the edge of an extremely large system that requires more
systematic exploration and which may represent the true prize at Sierra Mojada.”
In addition to silver mineralization reported at Sierra Mojada, Silver Bull has also previously defined a
discreet and separate high grade zone within the project of “measured and indicated” zinc oxide
mineralization of 10.03 million tonnes grading 11% Zinc (at a 6% cutoff grade) and which represents one
of the largest undeveloped zinc resources in Mexico. During 2017 Silver Bull plans to refine the
metallurgy on this zinc zone, the last piece of information ultimately needed to commence a preliminary
economic assessment on the zinc zone.
Sample Analysis and QA/QC: All samples have been analyzed at Bureau Veritas in Vancouver, BC,
Canada. Samples are first tested with the "MA300 " procedure which analyzes for 36 elements using a 4
acid digestion. Samples with silver values above 100ppm ar e re -analyzed using the FA350 procedure
which is a fire assay with a gravimetric finish. Samples with zinc, lead, and copper values above
10,000ppm (1%) are re -analyzed using the AR402 procedure which is a near total aqua regia digestion .
A rigorous procedure is in place regarding sample collection, chain of custody and data entry. Certified
standards and blanks, as well as duplicate samples are routinely inserted into sample shipments to
ensure integrity of the assay process.
About Silver Bull: Silver Bull is a mineral exploration company whose shares are listed on the Toronto
Stock Exchange and trade on the OTCQB in the United States, and is based out of Vancouver, Canada.
The “Sierra Mojada” proj ect is located 150 kilometers north of the city of Torreon in Coahuila, Mexico,
and is highly prospective for silver and zinc.
The technical information of this news release has been reviewed and approved by Tim Barry, a
Chartered Professional Geologist ( CPAusIMM), and a qualified person for the purposes of National
Instrument 43-101.
On behalf of the Board of Directors
"Tim Barry"
Tim Barry, CPAusIMM
Chief Executive Officer, President and Director
INVESTOR RELATIONS:
+1 604 687 5800
Cautionary Note to U.S. Investors concerning estimates of Measured, Indicated, and Inferred Resources: This press release
uses the terms "measured resources", "indicated resour ces", and "inferred resources" which are defined in, and required to be
disclosed by, NI 43 -101. We advise U.S. investors that these terms are not recognized by the United States Securities and
Exchange Commission (the "SEC"). The estimation of measured, i ndicated and inferred resources involves greater uncertainty as
to their existence and economic feasibility than the estimation of proven and probable reserves. U.S. investors are cautioned not
to assume that measured and indicated mineral resources will b e converted into reserves. The estimation of inferred resources
involves far greater uncertainty as to their existence and economic viability than the estimation of other categories of reso urces.
U.S. investors are cautioned not to assume that estimates of inferred mineral resources exist, are economically minable, or will
be upgraded into measured or indicated mineral resources. Under Canadian securities laws, estimates of inferred mineral
resources may not form the basis of feasibility or other economic s tudies.
Disclosure of "contained ounces" in a resource is permitted disclosure under Canadian regulations, however the SEC normally
only permits issuers to report mineralization that does not constitute "reserves" by SEC standards as in place tonnage and grade
without reference to unit measures. Accordingly, the information contained in this press release may not be comparable to
similar information made public by U.S. companies that are not subject NI 43-101.
Cautionary note regarding forward looking sta tements: This news release contains forward -looking statements regarding
future events and Silver Bull's future results that are subject to the safe harbors created under the U.S. Private Securities
Litigation Reform Act of 1995, the Securities Act of 1933 , as amended (the "Securities Act"), and the Securities Exchange Act of
1934, as amended (the "Exchange Act"), and applicable Canadian securities laws. Forward -looking statements include, among
others, statements regarding plans to refine the metallurgy on the zinc zone and potential for an extremely large mineralizing
system. These statements are based on current expectations, estimates, forecasts, and projections about Silver Bull's exploration
projects, the industry in which Silver Bull operates and the beliefs and assumptions of Silver Bull's management. Words such as
"expects," "anticipates," "targets," "goals," "projects," "intends," "plans," "believes," "seeks," "estimates," "continues," "may,"
variations of such words, and similar expressions and ref erences to future periods, are intended to identify such forward -looking
statements. Forward -looking statements are subject to a number of assumptions, risks and uncertainties, many of which are
beyond our control, including such factors as the results of exploration activities and whether the results continue to support
continued exploration activities, unexpected variations in ore grade, types and metallurgy, volatility and level of commodity
prices, the availability of sufficient future financing, and ot her matters discussed under the caption "Risk Factors" in our Annual
Report on Form 10 -K for the fi scal year ended October 31, 2016 , as amended, and our other periodic and current reports filed
with the SEC and available on www.sec.gov and with the Canadia n securities commissions available on www.sedar.com.
Readers are cautioned that forward -looking statements are not guarantees of future performance and that actual results or
developments may differ materially from those expressed or implied in the forward -looking statements. Any forward -looking
statement made by us in this release is based only on information currently available to us and speaks only as of the date on
which it is made. We undertake no obligation to publicly update any forward -looking statement, whether written or oral, that
may be made from time to time, whether as a result of new information, future developments or otherwise.