Mr. John Carter reports
SILVER BULLET MINES CORP. BEGINS PROCESSING OF HIGHER GRADE ORE
Silver Bullet Mines Corp. has made two major achievements. It has begun processing higher-grade ore at its 100-per-cent-owned mill and it has signed its first contract for the delivery of silver dore bars.
"These are major milestones in the company's growth," said A. John Carter, Silver Bullet's chief executive officer. "In less than a year after starting construction of our mill, we are processing the higher-grade material extracted from our Buckeye silver mine and we have signed our first contract to deliver silver out of that mine. This is outstanding work from everyone on the team."
The bars for the order will be poured at the company's mill site near Globe, Ariz., using a mixture of the lower- and the higher-grade ores taken from the company's Buckeye silver mine. Several of the bars have already been poured and are ready for shipping and it is intended that the others will be poured in the immediate future.
This first order is a sample run of 50 kilograms of dore silver. The identity of the counterparty to the agreement is confidential. That counterparty has expressed an intention after this sample run to purchase all available uncommitted silver product produced at the company's mill.
Silver Bullet recently received a technical report from its third party engineering firm with minor recommendations to increase efficiencies at the mill. Silver Bullet has implemented such recommendations while running the lower-grade material stockpiled at the mill. The successful processing of this ore has led to the decision to start processing the higher-grade material. In management's opinion the mill is now running at near-optimal efficiencies.
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