Silver Bullet Mines Corp. Provides Technical Data on Recent Acquisitions in Arizona
Silver Bullet Mines Corp. Provides Technical Data on Recent Acquisitions in Arizona
February 26, 2026 - Burlington, Ontario - Silver Bullet Mines Corp. (TSXV:SBMI,
OTCQB:SBMCF) (“SBMI” or “the Company ”) is pleased to provide historical technical
information related its two recent acquisitions, the Columbia Mine and the Gold Queen Mine .
These past producing mines are contiguous to each other located in Gila County, Arizona, roughly
30 miles from the Company’s mill in Globe, Arizona.
The Company has repeatedly spoken of its hub and spoke business model, commencing in 2020.
This model envisions the hub being the Company’s wholly-owned mill and the spokes of the wheel
being whatever proximate mines it may own or from which mineral ized material is provided to
the mill to be processed. This has been a successful model for SBMI. The proximity of the
Columbia Mine and the Gold Queen Mine to the mill support s the Company’s hub and spoke
thesis.
The Columbia Mine and the Gold Queen Mine were until recently owned by Phelps Dodge
Corporation ( now a subsidiary of Freeport -McMoRan Inc. as a result of a USD$25.9 billion
acquisition in 2007). They have historically produced mainly copper with secondary production
of gold, silver, zinc and lead. They are in the Dripping Springs District of Arizona, a district with
well-documented mining production.
SBMI has not been able to locate any data related to these mines disseminated in accordance with
NI 43-101. All data either predates NI 43-101, was created by entities not subject to NI 43-101, or
was anecdotal from trusted sources. SBMI has not found any historical resource estimates in any
category for these mines, and cannot state whether the work supporting the data was carried out
under the supervision of , or approved by , a Qualified Person, or what QAQC measures were
followed. SBMI does rely upon such data to inform its investment thesis and to provide guidance
for possible future exploration and development. Readers should treat all data referred to herein
with caution.
Background data from independent third parties, including the United States Geological Survey,
with references can be found at:
https://mrdata.usgs.gov/mrds/show-mrds.php?dep_id=10046332
Dripping Springs Mines (Dripping Springs claims; Cocreham and Haywood Mine;
Gold Nugget Mine; Gold Queen Mine; Columbia Mine; Roundtop Mine), Dripping
Springs, Dripping Spring Wash, Dripping Springs Mini ng District, Gila County,
Arizona, USA
Dripping Springs Mines – Western Mining History
Gold Queen Mine Near Kelvin, Arizona | The Diggings™
SBMI has in its possession a PowerPoint presentation created in 2018 (the “Presentation”) by a
prior private corporate owner of the Gold Queen and Columbia Mines. Two of the Company’s
current contractors were part of the team working those assets in 2018, and therefore can attest to
and have attested to their belief in the accuracy of the contents of the Presentation and its
authorship. The author of the Presentation was a Canadian B.Sc., P.Geo. having the characteristics
and qualities of a Qualified Person, and who in fact served as a Qualified Person for Canadian
reporting issuers.
The reader should be made aware that in the paragraph below, the historical production
figures and grades are anecdotal and not necessarily to be relied upon.
According to the Presentation, Dripping Spring Mines shipments including but not limited to the
Columbia and Gold Queen Mines in the 1940’s were reported to contain 2 - 7% copper with 0.08
to 0.28 oz per ton gold. Then-recent vein and stockpile sampling yielded high grade gold values
including 49.1 g/t, 35.8 g/t, and 27.6 g/t. Historical sketches of the Columbia Mine included in the
Presentation show numerous significant assay results for copper at depth in the Columbia Mine
(pages 15 and 16).
From Page 15 of the 2018 MGM Minerals Presentation
From Page 16 of the 2018 MGM Minerals Presentation
Mr. Robert G. Komarechka, P.Geo ., an independent consultant, has reviewed, verified and
approved the information contained herein and is the Qualified Person for this release as per NI
43-101 Sec. 3.1. He has not visited either the Columbia Mine or the Gold Queen Mine.
SBMI also announces the resignation of John MacKenzie from its board of directors. Mr.
MacKenzie is the founder of and CFO for a new Canadian mining company that wishes to raise
capital and go public. That project requires all of his time and attention. The Company thanks him
for his contributions to SBMI’s success.
For further information:
John Carter
Silver Bullet Mines Corp., CEO
+1 (905) 302-3843
Peter M. Clausi
Silver Bullet Mines Corp., VP Capital Markets
+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", "estimate s",
"continues" and similar expressions. Although management believes that the e xpectations 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 stat ements 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.