Silver Bullet Mines to Start Phase Two Development at Washington Mine Including Mill Evaluation
Silver Bullet Mines (OTCQB:SBMCF) announced the commencement of Phase Two development at its Washington Mine in Idaho, following a successful summer exploration program. The company completed Phase One in May 2025, which included driving a 12x12 foot adit and establishing underground drill stations.
Phase Two will focus on opening the newly discovered Subrosa Adit for bulk sampling, with the company evaluating proposals for processing, including installing its own modular mill on-site. The exploration program identified multiple gold and silver targets, including the Berger and Lindgren Veins. Additionally, SBMI granted 4,000,000 stock options to officers, directors, and consultants, exercisable at $0.30 with a five-year term.
Silver Bullet Mines (OTCQB:SBMCF) ha annunciato l'inizio dello sviluppo della Fase Due presso la sua Miniera di Washington in Idaho, dopo un successo del programma di esplorazione estivo. L'azienda ha completato la Fase Uno a maggio 2025, che includeva la realizzazione di un adito di 12 piedi per 12 piedi e l'istituzione di stazioni di trivellazione sotterranee.
La Fase Due si concentrerà sull'apertura del recentemente scoperto Subrosa Adit per campionamenti in massa, con l'azienda che valuta proposte per l'elaborazione, inclusa l'installazione di un proprio mulino modulare in loco. Il programma di esplorazione ha identificato multiple targets di oro e argento, tra cui le vene Berger e Lindgren. Inoltre, SBMI ha concesso 4.000.000 di stock option a funzionari, direttori e consulenti, exercitabili a $0,30 con una durata di cinque anni.
Silver Bullet Mines (OTCQB:SBMCF) anunció el inicio del desarrollo de la Fase Dos en su Mina de Washington en Idaho, tras un exitoso programa de exploración de verano. La compañía completó la Fase Uno en mayo de 2025, que incluyó la apertura de un acceso de 12 por 12 pies y el establecimiento de estaciones de perforación subterráneas.
La Fase Dos se enfocará en abrir el recientemente descubierto Subrosa Adit para muestreo a granel, mientras la compañía evalúa propuestas para procesamiento, incluida la instalación de su propio molino modular en sitio. El programa de exploración identificó múltiples objetivos de oro y plata, incluidas las venas Berger y Lindgren. Además, SBMI otorgó 4,000,000 de opciones sobre acciones a directivos, consejeros y consultores, ejercitables a $0.30 con un plazo de cinco años.
Silver Bullet Mines (OTCQB:SBMCF)는 아이도호의 워싱턴 광산에서 여름 탐사 프로그램의 성공에 따라 2단계 개발을 시작했다고 발표했습니다. 회사는 2025년 5월에 1단계를 완료했으며, 12x12 피트의 갱도를 시굴하고 지하 시추 스테이션을 구축했습니다.
2단계는 신규 발견된 Subrosa Adit를 벌크 샘플링용으로 개방하는 데 초점을 맞추고, 현장에 자체 모듈식 광산으로 공장을 설치하는 것을 포함한 처리 제안을 평가할 예정입니다. 탐사 프로그램은 Berger 및 Lindgren Veins를 포함한 다수의 금과 은 목표를 확인했습니다. 또한 SBMI는 임원, 이사 및 컨설턴트에게 4,000,000주식 옵션을 부여했으며, 행사 가격은 $0.30, 만료 기간은 5년입니다.
Silver Bullet Mines (OTCQB:SBMCF) a annoncé le démarrage du développement de la Phase Deux de sa mine de Washington, dans l'Idaho, après un programme d'exploration estival réussi. L'entreprise a achevé la Phase One en mai 2025, qui comprenait la réalisation d’un adit de 12 pieds sur 12 pieds et l’établissement de stations de forage souterraines.
La Phase Deux se concentrera sur l’ouverture du nouvellement découvert Subrosa Adit pour des échantillonnages en vrac, l’entreprise évaluant des propositions pour le traitement, y compris l’installation d’un moulin modulaire sur site. Le programme d’exploration a identifié plusieurs cibles d’or et d’argent, notamment les veines Berger et Lindgren. De plus, SBMI a accordé 4 000 000 d’options d’achat d’actions aux dirigeants, administrateurs et consultants, exercice à $0,30 avec une durée de cinq ans.
Silver Bullet Mines (OTCQB:SBMCF) hat den Beginn der Phase Zwei der Entwicklung in seiner Washington-Mine in Idaho nach einem erfolgreichen Sommer-Erkundungsprogramm angekündigt. Das Unternehmen schloss Phase Eins im Mai 2025 ab, zu der die Anlage eines 12x12 Fuß großen Stollens und die Einrichtung unterirdischer Bohrstationen gehörten.
Phase Zwei konzentriert sich darauf, den neu entdeckten Subrosa Adit für Bulk-Sampling freizulegen, während das Unternehmen Angebote für die Verarbeitung prüft, einschließlich der Installation einer eigenen modularen Mühle vor Ort. Das Explorationsprogramm identifizierte mehrere Zielzonen für Gold und Silber, darunter die Berger- und Lindgren-Venen. Darüber hinaus hat SBMI 4.000.000 Aktienoptionen an Vorstandsmitglieder, Direktoren und Berater vergeben, ausübbar zu $0,30 bei einer Laufzeit von fünf Jahren.
Silver Bullet Mines (OTCQB:SBMCF) أعلنت عن بدء تطوير المرحلة الثانية في منجم واشنطن لديها في أيداهو، وذلك عقب برنامج استكشافي صيفي ناجح. أكملت الشركة المرحلة الأولى في مايو 2025، والتي شملت حفر فتحة بُنية 12×12 قدمًا وتأسيس محطات حفر تحت الأرض.
يركز الجزء الثاني على فتح فرع Subrosa Adit المكتشف حديثًا لأخذ عينات جماعية، مع قيام الشركة بتقييم مقترحات المعالجة، بما في ذلك تركيب مطحنة modular محمولة في الموقع. حدّد برنامج الاستكشاف أهدافًا متعددة من الذهب والفضة، بما في ذلك عروات Berger وLindgren. بالإضافة إلى ذلك، منحت SBMI 4,000,000 خيار أسهم للضباط والمديرين والمستشارين، قابلة للإجراء بسعر $0.30 وبمدة خمس سنوات.
Silver Bullet Mines (OTCQB:SBMCF) 宣布在爱达荷州华盛顿矿启动第二阶段开发，源于一个成功的夏季勘探计划。公司已于2025年5月完成第一阶段，其中包括开挖一个12x12英尺的巷道并建立地下钻探站点。
第二阶段将专注于开放新发现的Subrosa巷道以进行大样本勘取，同时公司将评估加工提案，包括在现场安装自己的模块化选矿厂。勘探计划确定了多个金银目标，包括Berger和Lindgren脉。另SBMI向高管、董事和顾问授予4,000,000份股票期权，可在$0.30执行，期限为五年。
- Discovery of multiple gold and silver targets including Berger and Lindgren Veins
- Potential for developing NI43-101 compliant resource for long-term mining operations
- Successful completion of Phase One development with infrastructure in place
- Possibility of on-site processing through company's own modular mill
- Pending third-party analysis results delaying sales process in Arizona operations
- No immediate revenue generation as project still in development phase
Burlington, Ontario--(Newsfile Corp. - September 24, 2025) - Silver Bullet Mines Corp. (TSXV: SBMI) (OTCQB: SBMCF) ('SBMI' or 'the Company') is pleased to announce that after a highly successful summer exploration program at the Washington Mine in Idaho, SBMI is commencing Phase Two of its development program.
The Company announced on May 1, 2025 it had completed Phase One which included driving a 12 foot x12 foot adit capable of allowing access to the multiple mineralized zones and setting up underground drill stations to help further define the geometry of those zones. Based on the data from Phase One, SBMI strongly believes the Washington Mine has significant potential not only for near term processing but also to support the development of a NI43-101 compliant resource, which would support a long term mining operation.
As per SBMI's news release of August 20, 2025, during Phase One the Company was able to carry out detailed surface exploration and to identify multiple gold and silver targets. This included identifying the location of the Berger and the Lindgren Veins, and identifying what is believed to be the site of the original discovery from the 1890's. As part of this field work SBMI personnel were able to pan gold from multiple surface locations along the vein structures (see photo below).
Material in Pan from Washington Mine in Idaho
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8464/267697_08ec87dd343dfbf4_001full.jpg
To follow up on the summer's work and to begin Phase Two, the Company has entered into an updated agreement with its previously announced contract miner. This Phase Two program has begun, and is intended to include opening up the recently discovered Subrosa Adit and mining a bulk sample from it. This structure is reasonably believed to contain significant high grade silver and gold (see news release of August 20, 2025).
A key part of Phase Two will be the processing of the material to be mined from the Washington Mine. SBMI has received and is evaluating a proposal from a local mill to process a bulk sample of such material. The Company is also evaluating the feasibility of installing one of its own designed modular mills at site to process material from the mine. There is an area on the mine site where such a mill could be installed.
After processing the bulk sample and receiving lab results for it, the following likely steps would be to open up the Washington silver/gold zone and to access the Berger Vein.
In Arizona, the Company is still awaiting the results of a third-party multi-element analysis on the concentrate from material taken from the Super Champ Mine. Upon receipt of such results SBMI will be able to advance the sales process with the Buyer identified on July 9, 2025.
The Company has granted 4,000,000 stock options to officers, directors, and consultants. The stock options vest immediately, have a five year term, and are exercisable at
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 pathogen; 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 exploration for and the production and processing of mineralized material; the results of exploration and development activities; the results of mining and mill operations; 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 and tariff matters; fires, floods, snowfall, spring thaw and other natural phenomena; the rate of inflation; counterparty risk with respect to any buyer of the Company's products; 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/267697
FAQ
What are the main developments in Phase Two of SBMCF's Washington Mine project?
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