Silver Bullet Mines Corp. Advances Mining Activity at Washington Mine in Idaho
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) ha avviato un contratto di estrazione presso la miniera Idaho Washington, firmando con un mineratore esperto specializzato in operazioni su vene ad alto grado. L'azienda sta puntando su un'area storica ultima verificata negli anni '80, dove i precedenti campioni bulk hanno rivelato 44 once d'argento e 0,1 once d'oro per tonnellata, con campionamenti casuali recenti che confermano 58,5 once d'argento per tonnellata. Il mineratore ha completato la perforazione del foro pilota e si sta preparando per la strutturazione della porta, puntando a creare un cunicolo di 12 x 12 piedi per accedere alla Zona Target, situata a circa 80 piedi dall'apertura della porta. L'azienda prevede di prelevare un campione bulk di almeno 2.000 tonnellate entro due mesi dall'inizio dell'attività.
Silver Bullet Mines Corp. (SBMI) ha iniciado un contrato de minería en la mina Idaho Washington, firmando con un minero experimentado especializado en operaciones de vetas de alta calidad. La compañía está apuntando a una zona histórica que se probó por última vez en la década de 1980, donde las muestras a granel anteriores mostraron 44 onzas de plata y 0.1 onzas de oro por tonelada, con muestreos aleatorios recientes que confirman 58.5 onzas de plata por tonelada. El minero ha completado la perforación del agujero piloto y se está preparando la entrada para la madera, con el objetivo de crear un adit de 12 x 12 pies para acceder a la Zona Objetivo, ubicada a aproximadamente 80 pies de la entrada. La compañía planea tomar una muestra a granel de al menos 2,000 toneladas dentro de dos meses desde el inicio de la actividad.
Silver Bullet Mines Corp. (SBMI)는 아이더호 워싱턴 광산에서 계약 채굴을 시작하였으며, 고급 광맥 작업에 전문화된 경험 많은 광부와 계약을 체결했습니다. 이 회사는 1980년대 마지막으로 테스트된 역사적인 지역을 목표로 하고 있으며, 이전 대량 샘플에서 톤당 44온스 은과 0.1온스 금이 나타났고, 최근 임의 샘플링에서 톤당 58.5온스 은이 확인되었습니다. 광부는 시범 구멍의 드릴링을 완료했으며, 목재 작업을 위해 포털을 준비하고 있으며, 포털 입구에서 약 80피트 떨어진 타겟 존에 접근하기 위해 12 x 12피트의 갱도를 만들 예정입니다. 회사는 작업 시작 후 두 달 이내에 최소 2,000톤의 대량 샘플을 채취할 계획입니다.
Silver Bullet Mines Corp. (SBMI) a initié l'extraction sous contrat à la mine d'Idaho Washington, signant avec un mineur expérimenté spécialisé dans les opérations de veinage à haute teneur. L'entreprise cible une zone historique testée pour la dernière fois dans les années 1980, où des échantillons en vrac précédents ont montré 44 onces d'argent et 0,1 once d'or par tonne, avec des échantillons aléatoires récents confirmant 58,5 onces d'argent par tonne. Le mineur a terminé le forage du trou pilote et prépare l'entrée pour le bois, visant à créer un tunnel de 12 x 12 pieds pour accéder à la zone cible, située à environ 80 pieds de l'ouverture de l'entrée. L'entreprise prévoit de prélever un échantillon en vrac d'au moins 2 000 tonnes dans les deux mois suivant le début des travaux.
Silver Bullet Mines Corp. (SBMI) hat mit dem Vertragstiefbau in der Idaho Washington Mine begonnen und einen erfahrenen Bergmann unter Vertrag genommen, der auf hochgradige Erzvorkommen spezialisiert ist. Das Unternehmen konzentriert sich auf ein historisches Gebiet, das zuletzt in den 1980er Jahren getestet wurde, wo frühere Großproben 44 Unzen Silber und 0,1 Unzen Gold pro Tonne zeigten, während jüngste zufällige Proben 58,5 Unzen Silber pro Tonne bestätigten. Der Bergmann hat die Bohrung des Pilotlochs abgeschlossen und bereitet den Portal für den Holzbau vor, mit dem Ziel, einen 12 x 12 Fuß großen Zugangsschacht zur Zielzone zu schaffen, die sich etwa 80 Fuß vom Portal entfernt befindet. Das Unternehmen plant, innerhalb von zwei Monaten nach Beginn mindestens 2.000 Tonnen einer Großprobe zu entnehmen.
- Previous bulk samples showed high-grade mineralization of 44 oz silver and 0.1 oz gold per ton
- Recent random sampling confirmed 58.5 oz per ton silver content
- Contract miner with high-grade vein expertise has been secured and commenced operations
- Surface road to Berger Vein structure completed, enabling better access to underground workings
- Discovery of additional high-grade gold/silver zone parallel to Target Zone
- Uncertain timeline for bulk sample commencement due to underground conditions
- Mining operations are still in preliminary development phase with no immediate revenue generation
Burlington, Ontario--(Newsfile Corp. - November 22, 2024) - Silver Bullet Mines Corp. (TSXV: SBMI) (OTCQB: SBMCF) is pleased to announce contract mining has commenced at the Idaho Washington Mine.
Contract Miner at Face at Washington Mine
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The Company has signed a contract with a contract miner (the "Miner") to complete the underground development and bulk sampling at the Washington Mine. The Miner has extensive experience working with high grade vein operations which appears to management to be ideal for the Washington Mine. The Washington Mine was historically a high grade gold mine, whose silver zones were blocked out but never mined (see new release dated December 9, 2021).
SBMI site management and the Miner are at site and have commenced site improvements and progressing toward production. The zone the company is initially targeting (the "Target Zone") is the historic area last tested in the 1980's. The results from a bulk sample taken by the previous owner and processed by Hecla Mining from the Target Zone ran 44 ounces silver and 0.1 ounces gold per ton. (see news release dated August 26, 2024) Subsequent random sampling completed by SBMI from various locations underground including the Target Zone and confirmed by Montana Technical University ran 58.5 ounces per ton silver. These assays were completed by a third party accredited lab.
The Miner has mobilized its equipment and has commenced activity to access the Target Zone, which management believes to be 80 feet from the portal opening. Drilling of the pilot hole has been completed. The Miner is now preparing the rock face of the portal for timbering and outlining the portal opening. The Miner will then drive a 12 x 12 foot adit into the rock face parallel to the Target Zone and turn into it at contact.
Once the 80 foot adit has been opened and the portal timbered, the Miner should then commence taking a bulk sample for processing, with the goal of that bulk sample being at least 2000 tons. It is unclear when that will commence as it depends upon other matters including the condition of the material underground. It is expected that such bulk sample can be taken within two months from when it begins.
Further bulk sampling would then continue to connect the new workings with the old Washington Gold material. The new workings are also intended to give access to the Lindgren Gold/silver documented mineralized material and the historic Berger Vein crosscut. (see Stoker Report).
The surface road to the parallel structure known as the Berger Vein is now complete which will better enable the Company to develop the underground workings. SBMI site personnel believes it has found where that vein comes to surface.
SBMI believes it has discovered another high grade gold/silver zone parallel to the Target Zone as well as the location of a possible extension of the Target Zone. No mining has been done below the mine's 150 foot level, and SBMI intends to mine from that level up to surface. Historic sampling and testing indicates a probability the Target Zone continues below that 150 foot level, and could host both high grade gold and silver.
The Stoker Report containing historical details is filed on the Company's website at www.silverbulletmines.com.
SBMI will continue to provide updates as activity progresses.
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/231011
FAQ
What are the silver grades reported at Silver Bullet Mines' (SBMCF) Washington Mine?
When will Silver Bullet Mines (SBMCF) begin bulk sampling at the Washington Mine?
What is the current development status of SBMCF's Washington Mine project?
