- Director and VP, Capital Markets Peter Clausi sat down with Caroline Egan to discuss the developments
- Peter describes Silver Bullet Mining as “an overnight success, ten years in the making.”
- Over the past decade, C$7.4 million has been spent on the company’s flagship Black Diamond Project in Arizona
- SBMI also owns the George Washington Mine, a former silver and gold producer in Idaho
- Silver Bullet Mines Corp. (SBMI) is unchanged, trading at C$0.30 per share at 12:30 pm EST
Silver Bullet Mines (SBMI) has closed its qualifying transaction and listed its common shares on the TSXV.
Director and VP, Capital Markets Peter Clausi sat down with Caroline Egan to discuss the developments. Peter describes Silver Bullet Mining as “an overnight success, ten years in the making.”
SBMI’s flagship asset is the Black Diamond Project located in the major mining camp of Globe, Arizona. Black Diamond is a massive project, covering 4900 acres and hosting five former producing silver mines. SBMI also owns the George Washington Mine, a former silver and gold producer in Idaho on patented lands.
Over the past decade, C$7.4 million has been spent on the project.
SBMI’s goals are:
- Put the Buckeye Silver Mine in pilot production in Q1/22, followed by full-scale production;
- Finalize plans to have the McMorris Silver Mine back in production within 24 months;
- Carry out exploration programs elsewhere on Black Diamond to enable a decision on the order in which the remaining former producers will be put back in production;
- Investigate the waste rock on surface at the George Washington Mine in Idaho; and
- Defend the treasury.
The company also plans to investigate Black Diamond’s potential to host a copper porphyry.
Because almost all of Black Diamond consists of BLM claims or patented lands owned by SBMI, SBMI does not have expensive annual payments or advanced royalty payments to make. Relative to the large size of the land package, the annual carrying costs are quite small.
Silver Bullet Mines Corp. (SBMI) is unchanged, trading at $0.30 per share at 12:30 pm EST.
