In a recent interview with InvestorNews, Silver Bullet Mines Corp.‘s (TSXV: SBMI | OTCQB: SBMCF) CEO and Director, John Carter, shared significant updates on the company’s progress and achievements. Carter proudly announced the release of assay results, revealing a high grade of over 24 oz/ton silver, marking a pivotal moment for the company after a challenging two-year journey. This milestone is particularly significant as it represents the culmination of persistent efforts and a clear focus on their target. It also confirms impending silver production and the reopening of the Silver Bullet Mine.
In this interview, Carter emphasized the unique approach of Silver Bullet Mines in the mining industry. Unlike most junior companies, they have built a mine-mill complex, focusing on properties with historical production. This strategic choice allowed them to leverage historical data and technical reports to advance their projects effectively. Their primary property, located in Arizona, spans about 5000 acres, all owned by the company, reflecting a strong foundation for their operations.
A key aspect of their strategy is “mining by drilling,” where they mine the property while concurrently drilling, thereby creating value for their shareholders. This approach is supported by the installation of a state-of-the-art 125 metric ton per day mill, which is expandable and capable of handling various commodities. Carter highlighted their self-reliance, with Silver Bullet Mines owning all the necessary equipment and facilities, including a full assay facility and a refinery. This autonomy allows them to assay for themselves and others, adding another layer of operational efficiency.
In addition to the interview insights, Silver Bullet Mines Corp. announced in their morning’s news release the commencement of milling in the new Zone1, with assay results up to 24.2 oz/ton silver. The company has been working towards this development since early November, with the vein width in Zone1 increasing significantly in recent blasts. These results support the management’s theory that the grade of silver will increase with further blasting into Zone1, bringing the company closer to the historical 1969 drill holes. To access the complete interview, click here
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About Silver Bullet Mines Corp.
Silver Bullet Mines Corp. (SBMI) is making headway in the gold and silver production industry. SBMI recently revealed a third potential revenue stream through a partnership to process around 900 pounds of high-grade gold concentrate at its Globe, Arizona facility, benefiting from its advanced gravity circuit. Besides this, SBMI’s primary operations focus on silver extraction from the Buckeye Silver Mine and silver/gold production at its Washington Mine in Idaho, to be processed at its fully operational mill. The company recently reported promising high-grade silver findings from the Treasure Room and is working on a financing strategy for its operations. An ambitious goal is to stabilize the Treasure Room for deeper exploration. Another highlight was the successful interception of a mineral-rich zone at the Buckeye Mine, known as “Zone1,” believed to contain higher-grade silver. The company plans to continue mining this vein and refine the material at its Globe mill. Recent developments position SBMI as a leading player in silver mining, suggesting a bright future for the company and its investors.
To learn more about Silver Bullet Mines Corp., click here
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This interview, which was produced by InvestorNews Inc. (“InvestorNews”), does not contain, nor does it purport to contain, a summary of all material information concerning the Company, including important disclosure and risk factors associated with the Company, its business and an investment in its securities. InvestorNews offers no representations or warranties that any of the information contained in this interview is accurate or complete.
This interview and any transcriptions or reproductions thereof (collectively, this “presentation”) does not constitute, or form part of, any offer or invitation to sell or issue, or any solicitation of any offer to subscribe for or purchase any securities in the Company. The information in this presentation is provided for informational purposes only and may be subject to updating, completion or revision, and except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any information herein. This presentation may contain “forward-looking statements” within the meaning of applicable Canadian securities legislation. Forward-looking statements are based on the opinions and assumptions of the management of the Company as of the date made. They are inherently susceptible to uncertainty and other factors that could cause actual events/results to differ materially from these forward-looking statements. Additional risks and uncertainties, including those that the Company does not know about now or that it currently deems immaterial, may also adversely affect the Company’s business or any investment therein.
Any projections given are principally intended for use as objectives and are not intended, and should not be taken, as assurances that the projected results will be obtained by the Company. The assumptions used may not prove to be accurate and a potential decline in the Company’s financial condition or results of operations may negatively impact the value of its securities. This presentation should not be considered as the giving of investment advice by the Company or any of its directors, officers, agents, employees or advisors. Each person to whom this presentation is made available must make its own independent assessment of the Company after making such investigations and taking such advice as may be deemed necessary. Prospective investors are urged to review the Company’s profile on SedarPlus.ca and to carry out independent investigations in order to determine their interest in investing in the Company.
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