- Silver Bullet Mines Corp. (SBMI) begins extracting mineralized material from its Buckeye Silver Mine in Arizona after delivery of its first shipment of blasting powder
- Silver Bullets aims is to produce a total of 10,000 tonnes of mineralized material at a rate of 125 tonnes per day
- Silver Bullets’ initial target is the high-grade silver zone identified in a report from 1976
- The historical assays returned ‘spectacularly’ high values for gold, silver, and copper
- The mineralized material blasted and extracted from the Buckeye will be stockpiled at Silver Bullets’ proximate mill site for eventual processing at its gravity pilot plant
- Silver Bullet Mines Corp. (SBMI) is down 6.52 per cent trading at $0.43 per share as of 3:48 p.m. EST
Silver Bullet Mines Corp. (SBMI) has begun extracting mineralized material from its Buckeye Silver Mine in Arizona.
Silver Bullets aims to produce a total of 10,000 tonnes of mineralized material at a rate of 125 tonnes per day.
Silver Bullets’ initial target was identified in a report from 1976.
In the report, the target zone was mapped and identified extending approximately 500 feet along strike.
The company found a summary of assay results from the target dated 1976 and 1977.
The assays returned ‘spectacularly’ high values for gold, silver, and copper.
The highest value for gold was 4.8 ounces per tonne, for silver was 8,970 ounces per tonne, and for copper was 30.7 per cent.
One of the company’s consulting geologists carried out his own analysis of the previously collected data in 2015.
The company also plans to run assays in its own facility on-site on multiple samples from mineralized material to determine grades.
The mineralized material blasted and extracted from the Buckeye will be stockpiled at Silver Bullets’ proximate mill site for eventual processing at its gravity pilot plant, which is nearing completion.
The gravity pilot plant is expected to commence the processing of mineralized material in approximately sixty days, depending on the timing of delivery of certain mill items.
John Carter, SBMI’s CEO who also designed the gravity pilot plant. “We will be able to have assay results back in less than a day, which will empower us to select mineralization within our target ranges to process.”
Silver Bullet Mines Corp. (SBMI) is down 6.52 per cent trading at $0.43 per share as of 3:48 p.m. EST.