Silver Bullet Mines Continues to Assay Super Champ in Arizona for High Grade Silver (508.8 oz/ton)
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. (SBMCF) riporta continue analisi di alta qualità di argento dalla sua proprietà Super Champ in Arizona. Recenti campionamenti hanno rivelato gradi di argento fino a 508.8 oz/ton, con campioni di canale attraverso la vena che analizzano 76-79 oz/ton. La vena Super Champ si estende per 5-8 piedi di larghezza in superficie e si prolunga per oltre 1000 piedi, con potenziale continuazione lungo la vena e in profondità.
L'azienda ha completato le modifiche necessarie al suo impianto per trattare il materiale di Super Champ in modo più efficiente, pianificando di elaborare inizialmente 50 tonnellate al giorno. SBMI sta lavorando con un potenziale cliente per preparare un'offerta per acquistare tutto il concentrato disponibile. L'azienda prevede di produrre lingotti doré e concentrato dal materiale lavorato.
Silver Bullet Mines Corp. (SBMCF) informa sobre continuos análisis de plata de alta calidad en su propiedad Super Champ en Arizona. Muestreos recientes revelaron grados de plata de hasta 508.8 oz/ton, con muestras de canal a través de la veta que analizan 76-79 oz/ton. La veta Super Champ tiene un ancho de 5-8 pies en la superficie y se extiende por más de 1000 pies, con potencial de continuación a lo largo de la veta y en profundidad.
La empresa ha completado las modificaciones necesarias en su planta para procesar el material de Super Champ de manera más eficiente, planeando procesar inicialmente 50 toneladas por día. SBMI está trabajando con un cliente potencial preparando una oferta para comprar todo el concentrado disponible. La empresa planea producir lingotes de doré y concentrado a partir del material procesado.
실버 불릿 마인스 Corp. (SBMCF)는 애리조나의 슈퍼 챔프 자산에서 지속적으로 고급 은 분석 결과를 보고합니다. 최근 샘플링 결과 은의 품위가 508.8 oz/ton에 달했으며, 광맥 전역의 수로 샘플링은 76-79 oz/ton으로 분석되었습니다. 슈퍼 챔프 광맥은 지면에서 5-8피트의 너비를 가지며 1000피트 이상 연장되며, 연장성과 깊이에서의 잠재적 지속 가능성이 있습니다.
회사는 슈퍼 챔프 자재를 보다 효율적으로 처리하기 위해 밀에 필요한 수정을 완료했으며, 초기에는 하루에 50톤을 처리할 계획입니다. SBMI는 잠재 고객과 협력하여 모든 사용 가능한 농축물 구매를 위한 제안을 준비 중입니다. 회사는 가공된 자재로부터 도레 바와 농축물을 생산할 계획입니다.
Silver Bullet Mines Corp. (SBMCF) fait rapport sur des analyses d'argent de haute qualité continues provenant de sa propriété Super Champ en Arizona. Les échantillons récents ont révélé des teneurs en argent allant jusqu'à 508.8 oz/ton, les échantillons de canal à travers la veine analysant 76-79 oz/ton. La veine Super Champ s'étend sur 5-8 pieds de large à la surface et s'étend sur plus de 1000 pieds, avec un potentiel de continuation le long de la veine et en profondeur.
L'entreprise a terminé les modifications nécessaires à son usine pour traiter le matériel de Super Champ de manière plus efficace, prévoyant initialement de traiter 50 tonnes par jour. SBMI travaille avec un client potentiel pour préparer une offre d'achat de tout le concentré disponible. L'entreprise prévoit de produire des lingots dorés et du concentré à partir du matériel traité.
Silver Bullet Mines Corp. (SBMCF) berichtet über kontinuierlich hochgradige Silberanalysen von seinem Super Champ-Gelände in Arizona. Jüngste Probenahmen ergaben Silbergehalte von bis zu 508.8 oz/ton, wobei Kanalsamples über der Ader 76-79 oz/ton analysiert wurden. Die Super Champ-Ader hat an der Oberfläche eine Breite von 5-8 Fuß und erstreckt sich über 1000 Fuß, mit Potenzial für eine Fortsetzung entlang der Lagerstätte und in der Tiefe.
Das Unternehmen hat die notwendigen Modifikationen an seiner Mühle abgeschlossen, um Material von Super Champ effizienter zu verarbeiten, und plant, zunächst 50 Tonnen pro Tag zu verarbeiten. SBMI arbeitet mit einem potenziellen Kunden zusammen, um ein Angebot zum Kauf des gesamten verfügbaren Konzentrats vorzubereiten. Das Unternehmen plant, aus dem verarbeiteten Material Doré-Barren und Konzentrate zu produzieren.
- High-grade silver assays up to 508.8 oz/ton from recent samples
- Vein extends over 1000 feet with significant width of 5-8 feet
- Mill modifications completed for processing Super Champ material
- Potential sales agreement in development for concentrate purchase
- Company owns 100% of the processing mill
- Planned exploration program dependent on sufficient capital availability
- No NI43-101 compliant resource estimate currently available
- Company issuing 481,967 shares for interest payment, causing dilution
Burlington, Ontario--(Newsfile Corp. - December 12, 2024) - Silver Bullet Mines Corp. (TSXV: SBMI) (OTCQB: SBMCF) ('SBMI' or 'the Company') continues to assay high grade silver from the Super Champ in Arizona.
On November 18, 2024 SBMI reported assay results from the Super Champ, including five assays returning over 1000 oz/ton silver, with gold visible in the mill concentrates. To ensure best practices are being followed, the Company contracted two structural geologists to advise on sampling the vein to provide the most accurate data of the vein's average grade. Both geologists have advised SBMI is following best practices in its continuous sampling and channeling.
The Super Champ vein pinches and swells between five and eight feet in width at surface. SBMI has assayed over 100 samples from the exposed vein and immediate area at the Super Champ, and each sample has contained silver. Since the November 18, 2024 release, chip and grab samples have assayed as high as 508.8 oz/ton silver, and channel samples across the vein assayed 76, 78 and 79 oz/ton. A sample from a parallel narrow vein assayed 178 oz/ton.
These results coupled with the other high grade assays give the Company a high level of confidence that the Super Champ could be a significant asset and provide a great deal of high grade material to SBMI's mill. The photo below is an example of the size of massive chunks of what appears to be high grade mineralization the Company is encountering as it further exposes the vein.
Material from Super Champ
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8464/233594_e8a70a1d444f0854_001full.jpg
The Company has exposed the vein at surface by over 1000 feet and reasonably believes the vein continues both along strike and at depth. Further evidence of past mining has been uncovered, including old timbers that possibly supported historic underground workings and adits. In light of width, length, and grade of the vein, SBMI has staked and filed additional claims along strike and width to cover a large area of probable mineralization.
Like any responsible producer, SBMI maintains its own assay lab at its mill site in Globe, Arizona. SBMI carries out a continuous assaying program at this assay facility and occasionally sends check assays to a third party accredited lab for confirmation. Thus far assays from SBMI's lab and the third party lab have been comparable, with all the third party assays being higher in grade.
On November 12, 2024, SBMI announced that as a result of data gathered during the sample runs carried out in September and October, SBMI was making minor modifications to its
Mr. Bob Komarechka P.Geo, the Company's senior geologist, is contemplating a field trip to Super Champ during the winter of 2025, to establish an exploration program to map the vein system and develop a plan that could lead to a drill program to determine the grade and potential size of the anomaly at depth. That program would likely commence in the early summer of 2025, assuming sufficient capital on hand. Data from such a program could allow SBMI to establish a maiden resource estimate for the Super Champ compliant with NI43 - 101.
The Company is currently working with a potential client who has reviewed the metallurgical data as provided by the third party lab, and that potential client has advised SBMI it is preparing an offer to purchase all the available concentrate. The timing and contents of that offer is beyond SBMI's control. From the Super Champ processed material SBMI intends to produce dore bars and concentrate.
On May 13, 2024 SBMI closed on a debenture financing. Characteristics of such debenture included that interest would be paid in cash or in common shares of the Company, at SBMI's option. For the first six months of the term of the debenture, SBMI has opted to pay such interest in common shares from treasury. The total interest payable for the first six months of the term of the debenture is
QA/QC
The samples referred to above were taken from surface workings on the Super Champ Vein and hauled to the Silver Bullet's millsite in Globe. Readers are cautioned samples are random by nature and may not be representative of the material at the Super Champ.
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
cartera@sympatico.ca
+1 (905) 302-3843
Peter M. Clausi
Silver Bullet Mines Corp., VP Capital Markets
pclausi@brantcapital.ca
+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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/233594
FAQ
What are the latest silver grades reported from SBMCF's Super Champ property?
What is the processing capacity planned for SBMCF's Super Champ material?
When will SBMCF begin its planned drill program at Super Champ?
What are the dimensions of SBMCF's Super Champ vein?
How is SBMCF handling quality assurance for Super Champ assays?
