- Silver Bullet Mines (SBMI) has decided to initiate mining at its wholly-owned Washington Mine
- Director and VP Capital Markets Peter Clausi spoke with Shoran Devi about the news
- Silver Bullet Mines is focused on the discovery and development of mineral deposits
- Shares of Silver Bullet Mines Corp. (SBMI) opened trading at C$0.45
Silver Bullet Mines (SBMI) has decided to initiate mining at its wholly-owned Washington Mine in Idaho.
Director and VP Capital Markets Peter Clausi spoke with Shoran Devi about the news.
This part of the Washington Mine was last mined in the 1980s. A bulk sample removed by the then-owner resulted in a grade of 44 ounces silver per tonne and 10 grams of gold per tonne.
The completion of the first two tranches of a recent capital raise has generated gross proceeds of $1,574,075. There will be at least one more closing before March 26. The financing will be used to finance the opening of both the Buckeye Mine in Arizona and the Washington Mine.
“These are very exciting times for Silver Bullet Mines as we rapidly approach commencement of mining operations at the Buckeye Mine in Arizona and move simultaneously to mining in Idaho,” said A. John Carter, SBMI’s CEO.
Silver Bullet Mines is focused on the discovery and development of mineral deposits primarily in Arizona with additional mineral properties in Idaho and Nevada.
Shares of Silver Bullet Mines Corp. (SBMI) opened trading at C$0.45.