Welcome to our dedicated page for SILVER BULLET MINES news (Ticker: SBMCF), a resource for investors and traders seeking the latest updates and insights on SILVER BULLET MINES stock.
Company Overview
Silver Bullet Mines Corp (SBMCF) is a specialized mining company focused on the exploration, extraction, and processing of high-grade silver and gold. Operating within the mining and metallurgical sectors, the company utilizes advanced assay techniques and in-house processing facilities to convert mineralized material into saleable concentrates. With a strategic emphasis on underground development and proven metallurgical results, SBMCF continues to advance its projects across diverse properties.
Mining Operations & Metallurgical Testing
The company is deeply involved in the extraction of mineralized material from properties with significant historical mining activities. Through rigorous sampling programs and comprehensive metallurgical tests, SBMCF validates ore quality at its own state-of-the-art assay facility. The process involves advanced techniques such as laboratory crushing, milling, and flux-assisted melting that convert raw ore into concentrated metals. This detailed testing not only ensures the reliability of the production process but also reflects the company’s commitment to high standards of quality assurance and technical precision.
Strategic Property Development
SBMCF’s portfolio includes properties where historical mining data supports the presence of rich silver and gold veins. The company has strategically secured long-term lease arrangements on third-party properties, ensuring continuous access to mineralized material. In addition, targeted underground development at legacy mining sites has allowed SBMCF to uncover previously untapped mineralization zones. This diligent exploration and methodical testing underpin the company’s strategy to maximize processing efficiencies and to generate commercially viable silver concentrates.
In-House Milling & Processing Capabilities
Central to the company’s operations is its fully integrated milling facility located near Globe, Arizona. This plant is equipped to process mineralized feed from various project sites, transforming raw ore into high-quality concentrates. By leveraging sophisticated metallurgical processes and maintaining a consistent throughput, SBMCF demonstrates operational expertise that minimizes waste and optimizes recovery ratios. The milling operations are continually refined through incremental process modifications based on real-time assay data, ensuring that the final concentrate meets commercial standards.
Quality Assurance, Technical Expertise & Operational Integrity
SBMCF adheres to rigorous quality assurance protocols that align with industry best practices. The company routinely conducts multi-stage assays and sends periodic check assays to independent accredited laboratories to verify data integrity. This commitment to accuracy is further validated by the involvement of experienced geologists and independent consultants who review and verify the metallurgical results. The integration of expert technical analysis with methodical QA/QC measures builds confidence in the company’s operational integrity and positions it as a knowledgeable participant in the mining sector.
Competitive Position & Strategic Financing
The company has been able to secure strategic financing options such as debenture arrangements and private placements that support its operational and developmental initiatives. These funds are deployed in expanding mining operations, enhancing milling capacity, and accelerating underground development projects. SBMCF’s ability to manage its capital efficiently while maintaining a focus on quality extraction and processing distinguishes it in a competitive mining landscape. Its disciplined approach to project management and strategic resource allocation underscores a solid business model that prioritizes operational excellence and continuous improvement.
Operational Highlights & Technological Integration
Technological integration plays a vital role in SBMCF’s operational approach. The company utilizes modern assay instruments, precision milling equipment, and systematic process controls to carefully monitor the grade and recovery of its concentrates. Emphasizing environmentally robust controls and comprehensive testing routines, SBMCF ensures that each step from ore extraction to concentrate production is optimized for quality and efficiency. This methodical integration of technology supports the company’s ongoing commitment to producing saleable materials that meet strict industry standards.
Conclusion
Silver Bullet Mines Corp stands out as a dedicated miner with a focus on leveraging advanced metallurgical techniques, strategic property development, and robust quality assurance protocols. Its in-house milling and assay capabilities reinforce its operational expertise, providing a strong foundation for sustainable production of high-grade silver and gold concentrates. This comprehensive approach, underscored by continual technical refinement and disciplined financial management, is at the core of SBMCF’s ongoing success in the competitive world of mining.
Silver Bullet Mines Corp. (SBMCF) reports continued high-grade silver assays from its Super Champ property in Arizona. Recent sampling revealed silver grades up to 508.8 oz/ton, with channel samples across the vein assaying 76-79 oz/ton. The Super Champ vein spans 5-8 feet in width at surface and extends over 1000 feet, with potential continuation along strike and depth.
The company has completed necessary modifications to its mill to process Super Champ material more efficiently, planning to process 50 tons per day initially. SBMI is working with a potential client preparing an offer to purchase all available concentrate. The company plans to produce doré bars and concentrate from the processed material.
Silver Bullet Mines Corp. (SBMI) has initiated contract mining at the Idaho Washington Mine, signing with an experienced miner specialized in high-grade vein operations. The company is targeting a historic area last tested in the 1980s, where previous bulk samples showed 44 ounces silver and 0.1 ounces gold per ton, with recent random sampling confirming 58.5 ounces per ton silver. The miner has completed drilling of the pilot hole and is preparing the portal for timbering, aiming to drive a 12 x 12 foot adit to access the Target Zone, located approximately 80 feet from the portal opening. The company plans to take a bulk sample of at least 2,000 tons within two months of commencement.
Silver Bullet Mines Corp. (SBMI) has discovered a historical mining tunnel during development of the Super Champ vein structure. The historical adit, approximately 4 feet wide by 8 feet high, was found under 12 feet of overburden. Random samples from the newly intercepted Tunnel Zone showed exceptional silver grades, with four samples exceeding 1,000 oz silver/ton. Additional samples from historical waste piles returned values between 9.8 to 77.6 oz silver/ton. The company is conducting detailed sampling and plans to process a bulk sample at its mill in Globe, Arizona. Visible silver has been reported in the Tunnel Zone, and gold is visible in current mill concentrates.
Silver Bullet Mines (SBMI) has received confirmatory multi-element assay results from its Super Champ concentrate samples, processed at an independent accredited lab. The results show silver head grade of 28.0 oz/ton (877g), concentrate grade of 339.6 oz/ton (10,563g), and 88.2% recovery. Additionally, gold values in the concentrates assayed 0.52 oz/ton (16.16g/ton), potentially increasing concentrate value significantly. The company continues shipping material from Super Champ to its mill in Globe, Arizona for stockpiling and processing, with costs aligning with internal projections. SBMI has begun negotiations for concentrate sales.
Silver Bullet Mines Corp. (TSXV: SBMI, OTCQB: SBMCF) announced the closing of an oversubscribed Debenture financing amounting to $1,118,000. Cash commissions of $13,500 were paid, and 135,000 broker warrants were issued.
Proceeds will be used for ongoing work at the Buckeye Silver Mine in Arizona, former Washington Mine in Idaho, and processing material from a third-party property. The company has also entered into a lease agreement for the third-party property after completing a due diligence review, focusing resources to produce saleable product from this Land due to better economic efficiencies.
This financing enables SBMI to continue operations at both the Buckeye and Washington Mines.
Silver Bullet Mines Corp. (SBMI) has provided an update on its 500-pound sampling program of mineralized material from a third-party owned past-producing silver mine. The company conducted a detailed metallurgical test with the following results:
- 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
SBMI believes these results are representative of both the sample and potentially the entire system. The company continues to run material and produce commercial grade concentrates for sale to its customers. SBMI is pleased with the progress on the new property and believes it, along with the Buckeye material, will provide excellent feed to the mill.
Silver Bullet Mines Corp. (SBMI) has entered an agreement to process high-grade mineralized material from a past-producing silver mine near its Buckeye Silver Mine in Arizona. The company has begun processing the material into saleable products, generating revenue. Key points:
- Initial 200-pound test run yielded an average head grade of 12.0 ounces per ton silver with over 90% recovery
- 500-pound sampling program showed assay values as high as 45.4 ounces per ton
- Six samples from the exposed vein returned assays between 10.0 and 45.6 oz Ag/t
- SBMI plans to process 50 tons per day, producing dore bars and high-grade concentrate
- The company continues work at its Buckeye Silver Mine, upgrading ventilation and conducting required rockbolting
Silver Bullet Mines Corp. (TSXV: SBMI) (OTCQB: SBMCF) has signed a contract for underground mining at its Washington Silver Mine in Idaho. Mining is set to begin in early fall 2024, with plans to extract approximately 2500 tons of silver mineralized material. The company expects the material to contain gold credits as well, targeting a zone that previously yielded 44 oz/ton silver and 0.1 oz/ton gold in a 1980s bulk sample.
SBMI has also made progress at its Buckeye Silver Mine in Arizona, where ground support work is nearing completion. Mining from the higher grade Zone1 is expected to commence in the coming weeks, with processing to be done at the company's mill in Globe, Arizona.
The company cautions that its decision to proceed with production at the Washington Mine is not based on a pre-feasibility or feasibility study, which may increase economic and technical risks.
Silver Bullet Mines Corp. (SBMI) provided updates on its Washington Mine property in Idaho and announced changes to its board and financing plans:
- Preparing for mining at the Washington Mine, a historical high-grade gold/silver producer
- Appointed Kerem Usenmez, an experienced mining engineer, to the board of directors
- Plans to start production at 50 tons per day in the coming months, targeting a zone with reported grades of 44 oz/ton silver
- Will extract ~2,500 tons of high-grade material to stockpile before shipping to a mill
- Intends to issue a convertible debenture up to $1 million to finance operations, with a lead order of $300,000 from existing shareholders
- The debenture will have a 3-year term, 12% annual interest, and be convertible to shares at $0.10-$0.14 depending on the period
Silver Bullet Mines (SBMI) is nearing completion of testing a 350-ton stockpile of material from a third party's past silver mine. The material was processed at SBMI's mill in Globe, Arizona, producing silver dore bars weighing 2551.1 grams (90 ounces) and 2834.9 grams (100 ounces). The company is also progressing with rock bolting at the Buckeye Silver Mine, having completed over 400 feet, and expects to speed up as they move out of difficult drilling conditions. SBMI aims to determine the economic feasibility of processing the remaining 30,000 tons of material or potentially acquiring the third-party site.
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