# SILVER BULL PROVIDES UPDATE ON SIERRA MOJADA Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/silver-bull-provides-update-on-sierra-mojada--e6989ccb-d78c-4396-ba82-22a74af247a8 Original source: https://orestocks.com/company/SVB.TO/press-releases/7661357784446163 Publisher: orestocks Original announcement: 2026-10-05T12:30:00.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-10-05T13:48:16.664Z Atlas analysis updated: 2026-10-05T13:48:16.664Z - Company: Silver Bull Resources, Inc. - Ticker: SVB.TO - Exchange: Unavailable - Region: Coahuila, Mexico - Primary commodity: Silver - Secondary commodities: Zinc - Document categories: Other, Resource update - Extracted: 2026-10-05 13:48:17 UTC Narrative sentiment: -0.60 · Bearish ## Minestarters Atlas summary Silver Bull Resources provides a legal update on the Sierra Mojada project, reporting that its US$374.9M arbitration claim against Mexico was dismissed and a local court ruling has placed a lien on the project's mineral licenses. While the company maintains its resource scale and seeks legal remedies, the project's title is currently subject to a disputed encumbrance. Reasoning: The document is primarily a legal update regarding a significant setback in an international arbitration claim and a local court ruling that placed a lien on the project's licenses, which threatens clear title. - Positive factor: substantial mineral resource scale - Positive factor: rising silver and zinc prices - Negative factor: arbitration claim dismissed - Negative factor: adverse ruling in local Mexican courts - Negative factor: lien over project mineral licenses - Negative factor: disputed ownership/encumbrance Facts used in scoring: 4 ## Classification and evidence **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: The document explicitly states the resource is NI 43-101 compliant. Evidence · text > NI 43-101 compliant Measured and Indicated "global" Mineral Resource **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: The resource is reported as Measured and Indicated, but the document does not mention Inferred, making the M&I component high. Evidence · text > NI 43-101 compliant Measured and Indicated "global" Mineral Resource ## Extracted facts Stored fact records: 4. Some facts used in scoring do not have a stored record. ## Resource Estimates (4) ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/silver-bull-provides-update-on-sierra-mojada--e6989ccb-d78c-4396-ba82-22a74af247a8#fact-resource-facts-0) Sierra Mojada · zinc #### Identity - Project: Sierra Mojada - Commodity: zinc - Region: mexico - Reported Region: Coahuila, Mexico - Ticker: SVB.TO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - Resource group id: resource:d9de0e5f77bb660c1b15 - Deposit or zone: Sierra Mojada global - Material type: oxide #### Resource Data - Category: indicated - Tonnes: 70400000 - Grade: 3.4 - Grade Unit: % - Contained Metal: 5350000000 - Contained Unit: lb #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-05T00:00:00.000Z Reasoning: Global resource estimate for the project. - Positive factor: large scale tonnage Evidence · text > 70.4 million tonnes grading 3.4% zinc and 38.6 g/t silver for 5.35 billion pounds of contained zinc and 87.4 million ounces of contained silver #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/silver-bull-provides-update-on-sierra-mojada--e6989ccb-d78c-4396-ba82-22a74af247a8#fact-resource-facts-1) Sierra Mojada · silver #### Identity - Project: Sierra Mojada - Commodity: silver - Region: mexico - Reported Region: Coahuila, Mexico - Ticker: SVB.TO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - Resource group id: resource:d9de0e5f77bb660c1b15 - Deposit or zone: Sierra Mojada global - Material type: oxide #### Resource Data - Category: indicated - Tonnes: 70400000 - Grade: 38.6 - Grade Unit: g/t - Contained Metal: 87.4 - Contained Unit: moz #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-05T00:00:00.000Z Reasoning: Global resource estimate for the project. - Positive factor: large scale metal content Evidence · text > 70.4 million tonnes grading 3.4% zinc and 38.6 g/t silver for 5.35 billion pounds of contained zinc and 87.4 million ounces of contained silver #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/silver-bull-provides-update-on-sierra-mojada--e6989ccb-d78c-4396-ba82-22a74af247a8#fact-resource-facts-2) Sierra Mojada · zinc #### Identity - Project: Sierra Mojada - Commodity: zinc - Region: mexico - Reported Region: Coahuila, Mexico - Ticker: SVB.TO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - Resource group id: resource:404da7a5a00d83318ece - Deposit or zone: high grade zinc zone - Material type: oxide #### Resource Data - Category: indicated - Tonnes: 13500000 - Grade: 11.2 - Grade Unit: % - Contained Metal: 3336000000 - Contained Unit: lb - Cutoff Grade: 6 - Cutoff Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-05T00:00:00.000Z Reasoning: High grade zinc sub-zone within the global resource. - Positive factor: high grade zinc Evidence · text > Measured and Indicated "high grade zinc zone" of 13.5 million tonnes with an average grade of 11.2% zinc at a 6% cutoff, for 3.336 billion pounds of contained zinc #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/silver-bull-provides-update-on-sierra-mojada--e6989ccb-d78c-4396-ba82-22a74af247a8#fact-resource-facts-3) Sierra Mojada · silver #### Identity - Project: Sierra Mojada - Commodity: silver - Region: mexico - Reported Region: Coahuila, Mexico - Ticker: SVB.TO #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - Resource group id: resource:20ed0290785d0cc81400 - Deposit or zone: high grade silver zone - Material type: oxide #### Resource Data - Category: indicated - Tonnes: 15200000 - Grade: 114.9 - Grade Unit: g/t - Contained Metal: 56300000 - Contained Unit: oz - Cutoff Grade: 50 - Cutoff Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-05T00:00:00.000Z Reasoning: High grade silver sub-zone within the global resource. - Positive factor: high grade silver Evidence · text > Measured and Indicated "high grade silver zone" of 15.2 million tonnes with an average grade of 114.9 g/t silver at a 50 g/t cutoff for 56.3 million contained ounces of silver #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.