Silver Bullet Mines Provides Update at Super Champ in Arizona and Assays up to 405.4 Oz / Silver
Silver Bullet Mines Provides Update at Super Champ in Arizona and Assays
up to 405.4 Oz / Silver
March 7, 2025 - Burlington, Ontario – Silver Bullet Mines Corp. (TSXV:SBMI and
OTCQB:SBMCF) (‘SBMI’ or ‘the Company’) is pleased to provide an update on the
extraordinary and fast progress at the Super Champ Mine in Arizona.
“Through a combination of hard work and the efforts of the Arizona mining team , the Super
Champ is quickly demonstrating the potential to be a significant cost-effective gold/silver
producer,” said John Carter, the Company’s CEO. “ Events are unfolding rapidly as we blast
into the surface material, delineate the vein over 1500 feet, and clear most of the overburden.
It is incredible that we are driving a development adit already when we only began work in
earnest here in November, 2024.”
View of Super Champ from north end
The Company has taken samples from the vein, the highest of which assayed 405.4 ounces per
ton silver (see photo below). All samples returned silver.
Sample from Super Champ grading 405.4 oz / t silver
Based on these strong assay values and on the science of secondary enrichment, the Company
reasonably believes the silver grades will increase at depth. To access the mineralization at
depth the Company is driving a development adit from surface into the vein to extract
mineralized material along strike and at depth (see photo below).
New Adit at Super Champ Driven by SBMI
The vein is roughly 70 feet from the adit opening. SBMI is currently installing timber at the
opening and will rock bolt as the drift advances. To date the adit has been advanced over 25
feet. Accessing the mineralization at depth will provide unoxidized mineralized material for
feed to SBMI’s 100% -owned mill located in Globe, Arizona . The Company has all the
equipment needed to complete the advance without further capital expenditures.
At the mill, material continues to be shipped in from Super Champ and is being processed daily
at a rate of 7 tons per hour. The Company can efficiently maintain this rate and is developing a
plan to extend the hours of daily processing.
On February 27, 2025 SBMI announced the first sale of concentrates from Super Champ
material. The client who effected that purchase has advised it is testing the concentrate and
processing it to extract the gold and silver in it. The Company expects further updates from this
client in the near term as to the precise contents of the sold concentrate. SBMI is ready to make
the next shipment to the client at its request. Samples of the concentrate have been sent to other
potential clients as well.
The Company continues to evaluate methods to increase efficiencies at the mill and identify
other ways to enhance shareholder value.
QA/QC
In accordance with best practices SBMI will on a regular basis send check assays to a third
party accredited lab for verification of grade and for multielement analysis. Readers are
cautioned samples out of the vein are random by nature and may not be representative of the
Super Champ as a whole.
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 m elted 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 for m 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.