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EX-99.1 - EXHIBIT 99.1 - SILVER BULL RESOURCES, INC.ex99x1.htm
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
FORM 8-K
 
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
 
Date of Report (Date of earliest event reported): October 31, 2011
 
SILVER BULL RESOURCES, INC.
(Exact name of registrant as specified in its charter)
 
Nevada
 
001-33125
 
91-1766677
(State or other jurisdiction of incorporation)
 
(Commission File Number)
 
(I.R.S. Employer
Identification Number)
         
885 West Georgia Street, Suite 2200
Vancouver, B.C.
  V6C 3E8
(Address of principal executive offices)
 
(Zip Code)
 
Registrant’s telephone number, including area code:  604-687-5800
 
 (Former name or former address, if changed since last report)
 

 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
 
o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
   
o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
   
o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
   
o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 
 

 
 
 

 
ITEM 8.01   Other Events.

Mineralized Material Report
 
    On October 12, 2011, Silver Bull Resources, Inc. announced the results of a technical report (the “Report”) being prepared for the Company by SRK Consulting (Canada) Inc. (“SRK”) on the silver mineralization in the “Shallow Silver Zone” of the Sierra Mojada Project in Coahuila, Mexico in accordance with the Canadian Securities Administrators’ National Instrument 43-101 — Standards of Disclosure for Mineral Projects (“NI 43-101”).  At an economic cutoff grade of 15 grams/tonne of silver for mineralized material possibly accessible by open pit mining and 70 grams/tonne of silver for mineralized material possibly amendable to underground mining, the Report indicates mineralized material of 28.564 million tonnes at an average silver grade of 50.4 grams/tonne for the silver Whittle pit and 0.282 million tonnes at an average silver grade of 110.9 grams/tonne for the underground workings.  Mineralized material estimates do not include any amounts categorized as inferred resources.
 
    A copy of SRK’s consent to disclose the results of the Report is filed as Exhibit 99.1 to this report, and is incorporated by reference into the Company’s registration statements on Form S-3 (333-174816), Form S-3 (333-172789), Form S-3 (333-172868), and Form S-8 (333-171723), including any prospectuses or amendments or supplements thereto.
 
    “Mineralized material” as used in this current report, although permissible under SEC’s Guide 7, does not indicate “reserves” by SEC standards. The Company cannot be certain that any part of the Sierra Mojada Project will ever be confirmed or converted into SEC Industry Guide 7 compliant “reserves.” Investors are cautioned not to assume that all or any part of the mineralized material will ever be confirmed or converted into reserves or that mineralized material can be economically or legally extracted.

ITEM 9.01  Financial Statements and Exhibits.
 
(d)           Exhibits
 
Exhibit No.
 
Description
99.1
 
Consent of SRK Consulting (Canada) Inc. dated October 31, 2011.
 
     
 
 

 
 
 

 
SIGNATURE
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
Date: October 31, 2011
   
     
 
SILVER BULL RESOURCES, INC.
     
     
 
By:
/s/ Sean Fallis
   
Sean Fallis
   
Chief Financial Officer
 
 
 
 
 
 
 

 
EXHIBIT INDEX

Exhibit No.
 
Description
99.1
 
Consent of SRK Consulting (Canada) Inc. dated October 31, 2011.