09:31:24 EDT Sun 23 Jun 2024
Enter Symbol
or Name

Silver Bullet Mines Corp
Symbol SBMI
Shares Issued 66,697,522
Close 2023-11-30 C$ 0.12
Market Cap C$ 8,003,703
Recent Sedar Documents

Silver Bullet appoints Kontak to board

2023-11-30 15:04 ET - News Release

Mr. John Carter reports


Silver Bullet Mines Corp. has appointed John Kontak to its board of directors. Mr. Kontak has extensive experience as a director and officer of public resource companies, most recently as president and director of West Red Lake Gold Mines Inc. Mr. Kontak is a graduate of Dalhousie Law School, holds an MBA from Suffolk University in Boston, and is a dual citizen of Canada and the United States. Mr. Kontak's appointment is subject to regulatory approval.

In addition, Silver Bullet has begun shipping mineralized material from zone 1 at the Buckeye mine to the mill. The first trucks recently began loading at the mine site as the next important step toward continuing processing at the mill. (A video of the first truck being loaded can be found on the company's website.) Processing will continue once sufficient material from zone 1 is delivered to the mill to provide for efficiencies. The company plans to run this material as a bulk sample to provide a consistent head grade and to determine and maximize recoveries.

Continual sampling and assaying will take place at all stages of the milling process. Silver Bullet will use these data to determine the best blend of material to attain the highest recovery rates and to make the necessary adjustments to the process. It is anticipated this run should start in the near future, resulting in the pouring of saleable dore bars.

The company continues to mine at zone 1 at the Buckeye. Mining is taking place approximately 735 feet from the portal where the vein continues to be over 19 feet wide. Recently, six samples taken from the vein face and the floor ranged from 11.0 to 24.2 ounces per ton silver and averaged 16.2 ounces per ton silver.

QA/QC (quality assurance/quality control)

All samples referred to above were processed at the company's production assay lab located at the mill. In accordance with best practices, multiple assays have been and should continue to be sent to third party ISO-accredited labs for multielement analysis, including precious metals and PGMs (platinum group metals). Readers are cautioned that these samples may not be representative of the Buckeye mine as a whole.

All samples above were analyzed by Silver Bullet at its facility near Globe, Ariz. They 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 remainder 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 6:1 distilled water to nitric acid was utilized to dissolve the silver in the bead at approximately 175 F. A much more detailed description of the process and a picture of the assay lab can be found on Silver Bullet's website.

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

We seek Safe Harbor.

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