Silver Bullet Mines Provides Third Party Mineralized Material Update
Silver Bullet Mines Provides Third Party Mineralized
Material Update
October 9, 2024 - Burlington, Ontario – Silver Bullet Mines Corp. (TSXV:SBMI and
OTCQB:SBMCF) (‘SBMI’ or ‘the Company’) is pleased to provide an update to the news
release of September 24, 2024 in connection with the 500 pound sampling program of
mineralized material from the third party owned past producing silver mine disclosed therein.
SBMI completed a detailed comprehensive metallurgical test of the material in a tightly
controlled environment using the following methodology:
The material was weighed and set aside to ensure accuracy of the values.
All equipment used in the test was thoroughly cleaned to prevent potential
contamination from other material run through the mill.
The material was then hand crushed and ground through the Company’s crushing and
pulverizing equipment.
The ground, screened material was then fed to the concentrating table.
Assays were taken of the feed material, concentrate, and tailings at various times
during the test run to ensure the values were as accurate as possible.
The following numbers represent the average grade, recovery, and concentration ratio for the
entire test. (a video of the test can be seen on the Company website)
Head grade – 19.2 ounces per ton silver
Concentrate grade – 307 .6 ounces per ton silver
Tailings grade- 2.1 ounces per ton silver
Concentration ratio – 18:1
The Company believes these are representative of both the sample and potentially the entire
system. It also believes these numbers could increase as contact is made with the vein insitu.
SBMI continues to run material and produce commercial grade concentrates for sale to its
customers.
SBMI is very pleased with the progress it has made to date on the new property and coupled
with the Buckeye material will provide excellent feed to the mill.
The Company will continue to provide future updates.
QA/QC
The metallurgical test described above was completed at the SBMI plant and all samples were
assayed at multiple stages of the process. The test results as well as the assay results will provide
input as to any adjustments that may be necessary to improve production efficiencies.
Readers are cautioned that samples are random by nature and may not be representative of the
materials as a whole, whether from the surface piles or the historical workings or the Vein, and
metallurgical results represent the sample tested and may not be representative of all
mineralized material from the third party owned mine site.
All samples above were analyzed by SBMI at its facility near Globe, Arizona. They were
processed through the Lab Jaw Crusher, Lab Hammer Mill and Splitter Box into an aliquot.
Most of the pulverized aliquot was mixed with a flux and flour combination and melted in a
crucible at 1,850 degree Fahrenheit, with the remainder being logged and archived. Upon
cooling, the poured melt was in the form of a metal button and slag, following which a bone
ash cupel was utilized to eliminate the lead in the button to form a bead. The bead was then
weighed, following which a solution of 6 to 1 distilled water to nitric acid was utilized to
dissolve the silver in the bead at approximately 175 degrees Fahrenheit. A much more detailed
description of the process and a picture of the assay lab can be found at
https://www.silverbulletmines.com/qaqcassaylab.
Mr. Robert G. Komarechka, P.Geo., an independent consultant, has reviewed and verified
SBMI’s work referred to herein and is the Qualified Person for this release.
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
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, 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 statements 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 ore; 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.