Silver Bullet Mines Increases Concentrate Grade to 530 Oz/ton Silver in Latest Production Run in Arizona
Rhea-AI Summary
Silver Bullet Mines Corp (TSXV: SBMI) (OTCQB: SBMCF) has achieved a significant milestone by increasing its concentrate grade from Super Champ material to 530 ounces per ton silver, representing a 12% improvement over the previous production run. This enhancement was accomplished through improved mill efficiencies and higher head grade.
The company is currently developing an adit perpendicular to the Super Champ vein, which will enable development in two directions and potentially increase higher-grade material tonnage while reducing production risk. Following their first concentrate sale announced on February 21, 2025, the buyer has successfully completed testing, reporting high silver recovery and significant gold content, though specific data remains unreleased due to QA/QC considerations.
The company has also issued 1,071,429 common shares at $0.14 per share through a Securities for Services agreement, with a hold period expiring July 20, 2025.
Positive
- Achieved 12% increase in silver concentrate grade to 530 oz/ton
- Head grade continues to increase as unoxidized material is accessed
- Buyer confirmed high silver recovery and significant gold content from first concentrate sale
- New adit development will enable increased high-grade material production
Negative
- Uncertainty about continued increases in head grade
- Unable to verify buyer's QA/QC process and specific recovery data
News Market Reaction
On the day this news was published, SBMCF declined NaN%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Burlington, Ontario--(Newsfile Corp. - March 19, 2025) - Silver Bullet Mines Corp. (TSXV: SBMI) (OTCQB: SBMCF) ('SBMI' or 'the Company') is pleased to announce it has been able to increase the concentrate grade of the Super Champ material to 530 ounces per ton silver. This is an approximate
As the vein is further exposed and access to the unoxidized material is achieved, SBMI's assays show the head grade continues to increase. Readers are cautioned SBMI cannot yet determine whether these increases in head grade will continue or for how long.
As previously announced SBMI is driving an adit perpendicular to the Super Champ vein, which upon contact with the vein will allow for development in two directions. This should enable increased tonnage of higher grade material to the mill and should lower production risk.
The Company announced on February 21, 2025 it had made its first sale of concentrate from Super Champ material to a client (the "Buyer"). The Buyer has advised it has successfully completed testing and processing of the concentrate at its own facilities. The Buyer has advised and the Company has no reason to doubt the Buyer was able to recover a high percentage of silver and a significant amount of gold from the concentrate. SBMI is not releasing the data provided to it from the Buyer as SBMI has no knowledge of the QA/QA processes related to the Buyer's processing of the Super Champ material. The Buyer has advised it is very pleased with the results and will provide a final report shortly.
The Company has issued 1,071,429 common shares at
QA/QC
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://www.silverbulletmines.com/qaqcassaylab.
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 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/245277
FAQ
What is the new silver concentrate grade achieved by SBMCF at their Arizona operation?
How is Silver Bullet Mines (SBMCF) planning to increase production at Super Champ?
What was the outcome of SBMCF's first Super Champ concentrate sale in February 2025?
How many shares did SBMCF issue in their recent Securities for Services agreement?
