16:25:10 EDT Sun 21 Apr 2024
Enter Symbol
or Name

Silver Bullet Mines Corp
Symbol SBMI
Shares Issued 69,439,898
Close 2024-02-02 C$ 0.10
Market Cap C$ 6,943,990
Recent Sedar Documents

Silver Bullet samples up to 14,929 g/t Ag at Zone 1

2024-02-05 11:43 ET - News Release

Mr. John Carter reports


Silver Bullet Mines Corp. has released the assay results from its last blast prior to Mine Safety and Health Association (MSHA) inspection and training. Select material collected from the vein assayed as high as 480 ounces per ton silver.

Random samples of the muck pile associated with that blast assayed seven, 3.8 and eight ounces per ton silver. These random samples were not hand selected for grade but were taken directly from the raw material in pails to determine the mineralization in the blast muck. The company continues to see an increase in the grade of the muck assays with each round, and reasonably believes the grade could continue to increase with each advancing round.

The main reason for this belief is the assay results from that area, which include the Dec. 11, 2023, results of the concentrates averaging 24.2 ounces per ton (829.7 grams/tonne) silver, with the high-grade line on the shaker table then assaying at 334 ounces per ton (11,451.5 grams/tonne). The company also relies on the high-grade silver results reported in its Nov. 11, 2023, press release, and upon other internal assay results which have not been disclosed. As previously disclosed, the company continually runs its own production assay lab and not all assay results, whether lower or higher than those above, have been or will be disclosed.

This material when combined with the high-grade material should provide excellent feed material to the mill.

Silver Bullet is also pleased to advise its MSHA training has been completed and approved. The field team was back at the mine and mill sites making the necessary changes required by MSHA, and plans to commence production upon completion of those changes. The company will provide a projected production schedule in the near future.

The company is pleased with both the continued improvement in the head grade at the mine as well as the successful completion of its MSHA training and approval.

We seek Safe Harbor.

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