Located on the Nizhny Endybal prospect area, the additional resource increases the company’s total inferred resources by 44% to 1.1 million tones of total NI 43-101 compliant resources.
Silver Bear president and CEO Mark Trevisiol said that the company has only drilled about 5,500m on this prospect and have identified a substantial near-surface resource, which is open along strike to the north and south.
"Also, we believe there is a high potential that most of the silver from this prospect can be mined using open pit methods.
"This new resource represents an addition to the resources used to calculate the project economics in our Preliminary Economic Assessment ("PEA") released last year in which the mine life was 8.4 years," Trevisiol said.
