Silver Bullet Mines Corp.’s Successful Commissioning of its Silver Pilot Plant
Silver Bullet Mines Corp.’s Successful Commissioning of its Silver Pilot Plant
July 5, 2022 – Burlington, Ontario - Silver Bullet Mines Corp. (TSXV:SBMI and
OTCQB:SBMCF) (“SBMI” or “the Company”) announces it has successfully completed
commissioning of its wholly owned 125 MTPD state of the art mill near Globe, Arizona. This is
the latest major achievement in progressing towards bulk sampling and silver production.
Despite minor delays caused by COVID -19, the commissioning was successfully completed on
July 3, 2022. Over the past few weeks all equipment at the mill was test run and synchronized for
continuity. No material defects or deficiencies were detected.
“In September of 2021 this was an empty field,” said A. John Carter, SBMI’s CEO. “Now this
field hosts a fully functional silver processing facility, ready to start processing a bulk sample of
ore from our Buckeye Silver Mine. This could not have been achieved without the incredible skill
and dedication of the technical team in Arizona.”
SBMI has commenced crushing ore through the crushing circuit ( see video at
https://youtu.be/KvhAhqABV74) and is filling the fine ore bin. The photo on the left below shows
coarse ore from the Company’s local Buckeye Silver Mine and the photo on the right shows
crushed ore in the fine ore bin. The cone crusher and jaw crusher successfully crushed the ore to
less than ½ inch in diameter, which is ideal feed for the ball mill.
The next step on the path to producing concentrate and dore bars is to start running the fine ore
through the grinding and gravity circuit. This will require a ramp-up period until all equipment is
running at maximum efficiency.
Samples are being sent to multiple companies which have expressed an interest in buying SBMI’s
concentrate and dore.
This is yet another giant leap forward for the Company. SBMI is on the cusp of producing both
silver and copper and generating cash flow which will enable i t to continue to execute on its
business plan.
Please check the Company’s website www.silverbulletmines.com, or follow on Twitter
@bulletmines or at YouTube “Silver Bullet Mines”.
For further information, please contact:
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
Silver Bullet Mines Corp. trades on the TSX Venture Exchange under the symbol SBMI and on the OTCQB Venture
Market under the symbol SBMCF. The OTCQB Venture Market is for early stage and developing U.S. and
international companies. Companies listed there are current in their reporting and undergo an annual verification and
management certification process. Investors can find current financial disclosure for the Company on
www.otcmarkets.com and at https://money.tmx.com/en/quote/SBMI .
This news release contains certain statements that 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, c onditions, 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 facto rs, including but not limited to:
the impact of SARS CoV-2 or any other global virus; reliance on key personnel; the availability of skilled and unskilled
labour; the presence and recoverability of mineralization; ongoing availability of infrastructure such as electrical,
diesel and road access; 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 ore; shareholder , permitting and regulatory approvals;
activities and attitudes of communities local to the location of SBMI’s properties; price increases related to supply
chain issues; 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 viruses create risks that at this time are immeasurable and impossible to
define.