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Silver Bull Resources Inc. [SVB-TSX; SVBL-OTCQB] reported its maiden mineral resource estimate on the Beskauga copper-gold project in Kazakhstan completed by CSA Global Consultants Canada Ltd.
Highlights of the mineral resource report include an open-pit-constrained indicated mineral resource of 207 million tonnes grading 0.35 g/t gold, 0.23% copper and 1.09 g/t silver for 2.33 million ounces of gold, 476,100 tonnes of copper and 7.25 million ounces of silver.
The open-pit-constrained inferred mineral resource is 147 million tonnes grading 0.33 g/t gold, 0.15% copper and 1.02 g/t silver for 1.56 million ounces of gold, 220,500 tonnes of copper and 4.82 million ounces of silver.
The constraining pit was optimized and calculated using a net smelter returns royalty cut-off based on a price of: $1,500/oz for gold, $2.8/lb for copper, $17.2/oz for silver, and with an average recovery of 81.7% for copper and 51.8% for both gold and silver.