Silver Bullet Proves up Silver in Zone1 with Successful Bulk Sample and Produces 334 ounces per ton (11,451.5 grams/tonne) Silver Concentrate
Silver Bullet Proves up Silver in Zone1 with Successful Bulk Sample
and Produces 334 ounces per ton (11,451.5 grams/tonne) Silver
Concentrate
December 11, 2023 - Burlington, Ontario – Silver Bullet Mines Corp. (TSXV:SBMI and
OTCQB:SBMCF) (‘SBMI’ or ‘the Company’) announced on December 8, 2023 it had begun
processing a bulk sample of mixed mineralized material from Zone1 at the Buckeye Silver
Mine.
SBMI is pleased to announce it has successfully completed processing that bulk sample of 40
tons (36.29 tonnes), in less time than expected . The purpose s of processing the bulk sample
were to confirm the high grade nature of Zone1 and its recovery rates, and to confirm the mill’s
ability to process a large amount of material from Zone1 . Processing was successful on all
counts.
The concentrates averaged 24.2 ounces per ton (829.7 grams/tonne) silver. The high grade line
on the shaker table (see photo below) assayed at 334 ounces per ton (11,451.5 grams/tonne)
recovered and to the field team’s visual observations showed native silver.
Silver mineralization on shaker table Dec 10, 2023
“The entire team is encouraged by these results and by the mill proving its ability to process
Zone1 material. This marks a significant advancement in Silver Bullet Mines' journey towards
reaching our next milestone: full production,” said John Carter.
The next step in the milling process for this material is magnetic separation of the concentrates
to remove the iron and any associated PGMs it may contain. Those will be stored to be reviewed
at a later time. Then the silver dore bars will be poured. SBMI expects those bars to be poured
and ready for shipping in the near future.
Processing the material from Zone1 required simple adjustments to be made to the mill due to
the higher grade material. The design of the mill allowed for these adjustments to be easily
made.
The Company interprets these and the prior disclosed results as proving up the higher grade
silver from Zone1. SBMI plans to now commence processing Zone1 materials on a larger
scale.
SBMI will continue to stockpile material from Zone1 at the minesite . This material will be
trucked to the mill as trucks are available.
Mining continues in Zone1 at the Buckeye Silver Mine where the vein is approximately 20 feet
wide. Water has been noted in recent drill holes, which could indicate a contact zone which
could alter the grade of the silver.
"This is the best material I have seen yet and I believe it is because we are in the outer zone of
the historic targets that were drilled into back in 1969 ," said Ron Murphy , SBMI’s Vice
President, Mining.
QA/QC
The material from the Buckeye Silver Mine is assayed at multiple stages of the process. The
assay results will provide input as to a ny adjustments that may be necessary to improve
production efficiencies and grade.
Channel samples and grab samples are taken after each blast, to be processed at the Company’s
production assay lab located at the mill. In accordance with best practices, multiple assays have
been and should continue to be sent to third party ISO-accredited labs for multielement analysis
including precious metals and PGMs. Readers are cautioned that these samples may not be
representative of the Buckeye Mine as a whole, and not all assay results will be disclosed.
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 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.