Silver Bullet Mines Corp. (TSXV: SBMI | OTCQB: SBMCF) is a silver and copper exploration and development company with projects in the western USA. Our flagship project is Black Diamond, close to 5,000 acres in the Miami-Globe copper camp and centered on the Richmond Basin.
The basin is the site of the original 1870s native silver discoveries that brought prospectors to the now significant Globe copper camp. The story goes that a scouting party was fired upon by Apache Indians using bullets made of hammered native silver, thus inspiring our company name – Silver Bullet Mines.
The Richmond Basin is the location of several historic high-grade silver-copper mines including: McMorris, La Plata, Helena, Silver Sevens, Buckeye and numerous associated prospects. Little work or extraction has been done in this area since the early 20th century as the camp focused on big copper mines. These mines anchor this section of what is called the Arizona Silver Belt, which extends from the famous Silver King near Superior, AZ and parallels the trend of the major copper deposits, including the Magma mine. We believe the high-grade silver is still there waiting for discovery.
We are also in a copper camp – and we are advancing the copper discovery potential at Black Diamond. We know there is copper on the property at the Black Copper prospect with grades to over 7% in a skarn setting extending for several 100s of feet. Copper is anomalous in our soil survey too, We are excited about the potential because copper is anomalous in our soil survey.
We have acquired another past-producing high-grade silver-gold mine located near Idaho City, Idaho, called The Washington mine This was a small scale gold mine with extensive development that left the silver behind. We are going to go after the silver that grades to over 140 oz/ton in recent results.
We are in a third excellent mining jurisdiction in Nevada, with two projects in the Tonapah silver-gold camp. These projects are early stage and provide another venue for exploration and value creation.