Silver Bullet Mines Assays 217.6 oz/ton Silver in Blast Material and Signs First Agreement for the Sale of SBMI Silver and Gold Concentrate
Silver Bullet Mines Corp. (SBMCF) has announced significant developments at its Super Champ Mine and a new sales agreement. The company has signed an open purchase agreement for its gold and silver concentrate, effective April 11, 2025 through December 31, 2026, with a US-based purchaser.
Recent assays from blast material showed impressive results, with the highest grab sample returning 217.6 oz/ton silver. Panned material yielded 572 oz/ton silver, while waste rock contained 7.6 oz/ton silver. A dore bar analysis showed composition of 82.6% silver, 4.1% gold, and other elements.
The company is developing a new adit to access the Super Champ mineralization, following the discovery of a historical mining tunnel that yielded four grab samples exceeding 1000 oz/ton silver. SBMI has staked 11 additional claims covering the entire exposed system. The project is fully permitted and compliant with regulatory requirements.
Silver Bullet Mines Corp. (SBMCF) ha annunciato importanti sviluppi presso la sua miniera Super Champ e un nuovo accordo di vendita. La società ha firmato un accordo di acquisto aperto per il suo concentrato di oro e argento, valido dall'11 aprile 2025 al 31 dicembre 2026, con un acquirente con sede negli Stati Uniti.
Le recenti analisi del materiale da esplosione hanno mostrato risultati impressionanti, con il campione più ricco che ha restituito 217,6 oz/tonnellata di argento. Il materiale setacciato ha prodotto 572 oz/tonnellata di argento, mentre la roccia di scarto conteneva 7,6 oz/tonnellata di argento. L'analisi di una barra di dorè ha mostrato una composizione dell'82,6% di argento, 4,1% di oro e altri elementi.
La società sta sviluppando un nuovo accesso (adito) per raggiungere la mineralizzazione di Super Champ, a seguito della scoperta di un tunnel minerario storico che ha fornito quattro campioni con oltre 1000 oz/tonnellata di argento. SBMI ha acquisito 11 ulteriori concessioni che coprono l'intero sistema esposto. Il progetto è completamente autorizzato e conforme alle normative vigenti.
Silver Bullet Mines Corp. (SBMCF) ha anunciado desarrollos significativos en su mina Super Champ y un nuevo acuerdo de venta. La compañía ha firmado un acuerdo abierto de compra para su concentrado de oro y plata, vigente desde el 11 de abril de 2025 hasta el 31 de diciembre de 2026, con un comprador con sede en Estados Unidos.
Los análisis recientes del material de voladura mostraron resultados impresionantes, con la muestra más alta alcanzando 217,6 oz/tonelada de plata. El material cernido produjo 572 oz/tonelada de plata, mientras que la roca de desecho contenía 7,6 oz/tonelada de plata. Un análisis de barra doré mostró una composición de 82,6% de plata, 4,1% de oro y otros elementos.
La compañía está desarrollando una nueva galería para acceder a la mineralización de Super Champ, tras el descubrimiento de un túnel minero histórico que arrojó cuatro muestras superiores a 1000 oz/tonelada de plata. SBMI ha registrado 11 concesiones adicionales que cubren todo el sistema expuesto. El proyecto cuenta con todos los permisos y cumple con los requisitos regulatorios.
Silver Bullet Mines Corp. (SBMCF)는 슈퍼 챔프 광산에서 중요한 발전과 새로운 판매 계약을 발표했습니다. 회사는 2025년 4월 11일부터 2026년 12월 31일까지 미국 소재 구매자와 금 및 은 정광에 대한 개방형 구매 계약을 체결했습니다.
최근 폭파 재료 분석 결과 인상적인 수치를 보였으며, 가장 높은 시료는 은 217.6 oz/톤을 기록했습니다. 판별된 재료에서는 572 oz/톤의 은이 검출되었고, 폐석에서는 7.6 oz/톤의 은이 포함되어 있었습니다. 도레 바 분석에서는 은 82.6%, 금 4.1%, 기타 원소들로 구성되어 있음을 나타냈습니다.
회사는 역사적인 광산 터널을 발견한 후 슈퍼 챔프 광물화 구역에 접근하기 위한 새로운 갱도를 개발 중이며, 이 터널에서 은 1000 oz/톤을 초과하는 4개의 시료를 채취했습니다. SBMI는 노출된 전체 광물 시스템을 포함하는 11개의 추가 광산권을 확보했습니다. 이 프로젝트는 모든 허가를 받았으며 규제 요건을 준수하고 있습니다.
Silver Bullet Mines Corp. (SBMCF) a annoncé des avancées majeures sur sa mine Super Champ ainsi qu’un nouvel accord de vente. La société a signé un contrat d’achat ouvert pour son concentré d’or et d’argent, valable du 11 avril 2025 au 31 décembre 2026, avec un acheteur basé aux États-Unis.
Les analyses récentes des matériaux issus des tirs ont révélé des résultats impressionnants, avec un échantillon prélevé affichant 217,6 oz/tonne d’argent. Le matériau tamisé a produit 572 oz/tonne d’argent, tandis que les déchets contenaient 7,6 oz/tonne d’argent. Une analyse d’une barre de doré a montré une composition de 82,6 % d’argent, 4,1 % d’or et d’autres éléments.
La société développe une nouvelle galerie pour accéder à la minéralisation Super Champ, suite à la découverte d’un tunnel minier historique ayant fourni quatre échantillons dépassant 1000 oz/tonne d’argent. SBMI a revendiqué 11 concessions supplémentaires couvrant l’ensemble du système exposé. Le projet est entièrement autorisé et conforme aux exigences réglementaires.
Silver Bullet Mines Corp. (SBMCF) hat bedeutende Entwicklungen in seiner Super Champ Mine und einen neuen Verkaufsvertrag bekanntgegeben. Das Unternehmen hat eine offene Kaufvereinbarung für sein Gold- und Silberkonzentrat unterzeichnet, gültig vom 11. April 2025 bis zum 31. Dezember 2026, mit einem US-amerikanischen Käufer.
Jüngste Analysen von Sprengmaterial zeigten beeindruckende Ergebnisse, wobei die höchste Einzelprobe 217,6 oz/Tonne Silber ergab. Gesiebtes Material lieferte 572 oz/Tonne Silber, während Abraum 7,6 oz/Tonne Silber enthielt. Eine Analyse eines Doré-Barrens zeigte eine Zusammensetzung von 82,6 % Silber, 4,1 % Gold und weiteren Elementen.
Das Unternehmen entwickelt einen neuen Stollen, um die Super Champ-Mineralisierung zu erschließen, nachdem ein historischer Bergbaustollen entdeckt wurde, der vier Einzelproben mit über 1000 oz/Tonne Silber lieferte. SBMI hat 11 weitere Claims angemeldet, die das gesamte freiliegende System abdecken. Das Projekt ist vollständig genehmigt und erfüllt alle regulatorischen Anforderungen.
- High-grade silver assays with top sample showing 217.6 oz/ton
- Secured sales agreement for gold and silver concentrate through 2026
- Historical tunnel discovery with samples exceeding 1000 oz/ton silver
- Expansion of land position with 11 new claims
- Minimal deleterious elements in concentrate, indicating high quality
- Third-party dore bar analysis lacks formal QAQC processes
- Company's assay lab cannot test for gold or copper content
- Unknown depth and extent of historical tunnel discovery
Burlington, Ontario--(Newsfile Corp. - April 14, 2025) - Silver Bullet Mines Corp. (TSXV: SBMI) (OTCQB: SBMCF) ('SBMI' or 'the Company') is very pleased to report it has signed an open purchase agreement for the sale of SBMI's gold and silver concentrate, for the period beginning April 11, 2025 and running to December 31, 2026. The agreement is on standard terms and is non-exclusive. The purchaser is based in the United States of America so the Company does not expect the current tariffs to have a material impact on the purchases.
Negotiations continue with other potential purchasers of SBMI's gold and silver concentrate. One of those other potential purchasers is the Buyer described in SBMI's March 19, 2025 news release. SBMI has now been provided with an XRF readout taken by the Buyer on a dore bar made from the Super Champ concentrate as part of its testing. The readout, based on a 20 second analysis period, showed
This third party data and SBMI's own work continue to prove up the upper high grade zone at the Super Champ Mine. SBMI is pleased to announce it has assayed very high-grade silver after two dynamite blasts into that wide zone at the Super Champ Mine.
Various grab samples of vein material from the first blast were assayed, with the highest returning 217.6 oz/ton silver. All samples were anomalous for silver. Panned material returned 572 oz/ton silver, and waste rock returned 7.6 oz/ton silver. The Company's assay lab cannot assay for gold or copper so samples from the blast area will be sent to a third party accredited lab for multielement analysis.
On November 18, 2024 SBMI announced it had unexpectedly intercepted a historical mining tunnel, shaft and waste piles, during development of the Super Champ vein structure. There is no historical documentation on this tunnel or what was mined out of it. This historical tunnel is approximately 4 feet wide by 8 feet high and of unknown depth. Four grab samples taken from the vein inside this tunnel each returned over 1000 oz/ton silver.
On March 7, 2025 SBMI announced it was driving a development adit from surface to access the Super Champ mineralization at depth and along strike, in part due to the spectacular assay results from the samples taken from inside the historical adit. The two blasts mentioned above are part of developing this adit, and the assay results from material from the first blast support SBMI's decision to drive this adit. Timbering has begun.
The evidence to date overwhelmingly supports management's belief the Super Champ vein is richly mineralized. SBMI plans to continue driving along the vein at a decline through the hill to eventually meet up with the lower adit currently under construction. The lower portal has been collared and the lower adit will then drive toward intercepting the Super Champ vein at 90 degrees. This will allow mining in both directions along the vein, thus increasing the daily output and reducing production risk.
In light of the incredible grades and the extent of the vein, SBMI has staked an additional 11 claims covering the entire exposed system. The Super Champ project is fully permitted and is in full compliance with all regulatory authorities.
QA/QC
Readers are cautioned grab samples are random by nature and may not be representative of the remainder of the Super Champ vein. All samples above were analyzed by SBMI at its facility near Globe, Arizona. 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 degree Fahrenheit, 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 to 1 distilled water to nitric acid was utilized to dissolve the silver in the bead at approximately 175 degrees Fahrenheit. A much more detailed description of the process and a picture of the assay lab can be found at https://silverbulletmines.com/qa-qc-assay-lab.
Mr. Robert G. Komarechka, P.Geo., an independent consultant, has reviewed and verified SBMI's work referred to herein, and is the Qualified Person for this release.
For further information:
John Carter
Silver Bullet Mines Corp., CEO
cartera@sympatico.ca
+1 (905) 302-3843
Peter M. Clausi
Silver Bullet Mines Corp., VP Capital Markets
pclausi@brantcapital.ca
+1 (416) 890-1232
Cautionary and Forward-Looking Statements
This news release contains certain statements that may constitute forward-looking statements as they relate to SBMI and its subsidiaries. Forward-looking statements are not historical facts but represent management's current expectation of future events, and can be identified by words such as "believe", "expects", "will", "intends", "plans", "projects", "anticipates", "estimates", "continues" and similar expressions. Although management believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that they will prove to be correct.
By their nature, forward-looking statements include assumptions and are subject to inherent risks and uncertainties that could cause actual future results, conditions, actions or events to differ materially from those in the forward-looking statements. If and when forward-looking statements are set out in this new release, SBMI will also set out the material risk factors or assumptions used to develop the forward-looking statements. Except as expressly required by applicable securities laws, SBMI assumes no obligation to update or revise any forward-looking statements. The future outcomes that relate to forward-looking statements may be influenced by many factors, including but not limited to: the impact of SARS CoV-2 or any other global virus; reliance on key personnel; the thoroughness of its QA/QA procedures; the continuity of the global supply chain for materials for SBMI to use in the production and processing of mineralized material; the results of exploration and development activities; shareholder and regulatory approvals; activities and attitudes of communities local to the location of the SBMI's properties; risks of future legal proceedings; income tax matters; fires, floods and other natural phenomena; the rate of inflation; availability and terms of financing; distribution of securities; commodities pricing; currency movements, especially as between the USD and CDN; effect of market interest rates on price of securities; and, potential dilution. SARS CoV-2 and other potential global pathogens create risks that at this time are immeasurable and impossible to define.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/248439
FAQ
What silver grades were found in SBMCF's recent blast samples at Super Champ Mine?
What is the duration and terms of SBMCF's new concentrate sales agreement?
What was the composition of the Super Champ dore bar according to XRF analysis?
What were the silver grades found in SBMCF's historical tunnel discovery?
How many new claims has SBMCF staked around the Super Champ vein system?
