17:52:14 EDT Sat 10 Jun 2023
Enter Symbol
or Name

Silver Bullet Mines Corp
Symbol SBMI
Shares Issued 62,421,962
Close 2022-07-25 C$ 0.25
Recent Sedar Documents

Silver Bullet assays 2,363.8 oz/t Ag at Buckeye

2022-07-25 19:18 ET - News Release

Mr. John Carter reports


Silver Bullet Mines Corp. has released spectacular assay results for silver from its Buckeye mine in Arizona.

The assay results came from a test carried out by Silver Bullet to further confirm, in practice, the efficiencies with which Silver Bullet's assay lab would process the high-grade ore from the Buckeye mine. The person who carried out the test in Arizona was Ron Murphy, the company's vice-president, mining, together with Silver Bullet's assay team, under the supervision of Bob Budd, metallurgical engineer.

Mr. Murphy recently sampled Heavy Rock in a process that resulted in two beads.

One bead graded 2,214.4 ounces per ton silver, and the other 2,363.8 oz/t silver.

These results are spectacular, and management is thrilled with them as the extreme results were unexpected due to the fine dissemination of silver throughout this type of rock. However, management believes the grade of future beads can be increased as the field team continues to fine-tune the mill and the assay lab to increase their efficiencies.

"We designed the assay lab and the mill with the high-grade material from the Buckeye in mind in the belief they would work together to produce saleable high-grade material," said A. John Carter, Silver Bullet's chief executive officer. "That belief is why we built a complete processing facility in under 10 months for less than $3-million. These assay results go a long way to justifying that belief and the building of the mill. Our field team has been incredible."

Silver Bullet continues to bring what it believes to be a high-grade product from the Buckeye mine to the mill site in anticipation of completing the mill tune-up with lower-grade material and then commencing milling the higher-grade material. Discussions are under way with various potential buyers for Silver Bullet's concentrate and for the dore once poured.

Quality assurance/quality control

The samples analyzed by Silver Bullet at its facility near Globe, Ariz., were processed through the lab jaw crusher, lab hammer mill and splitter box into an aliquot. Most of the pulverized aliquot was mixed with a flux and flour combination and melted in a crucible at 1,850 F, with the rest being logged and archived. Upon cooling, the poured melt was in the form of a metal button and slag, following which a bone ash cupel was utilized to eliminate the lead in the button to form a bead. The bead was then weighed, following which a solution of 6 to 1 distilled water to nitric acid was utilized to dissolve the silver in the bead at approximately 175 F.

Readers should be aware that the Silver Bullet facilities have been designed for quick production grade control and are not ISO compliant; however, duplicate sampling with other ISO labs has been done on past samples with good correlation.

Readers are cautioned Heavy Rock may not be representative of all the material in the Treasure Room or over all at the Buckeye silver mine. Readers are further advised that these preliminary assay values do not represent a reserve or resource at this time. While significant silver values have been encountered, the quantity, grade, or metal or mineral content of a deposit has not been categorized as an inferred mineral resource, an indicated mineral resource, a measured mineral resource, a probable mineral resource, a reserve or a proven mineral reserve.

Robert G. Komarechka, PGeo, an independent consultant, the qualified person for this release, has reviewed and verified Silver Bullet's work referred to herein and approves this press release for public dissemination.

We seek Safe Harbor.

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