Silver Bullet Mines Corp. Reaches Target Underground at Washington Mine in Idaho
Silver Bullet Mines Corp. (SBMCF) has completed the first phase of underground development at its Washington Mine in Idaho. The company engaged a contract miner who has successfully completed several key milestones:
The miner has established a 12 foot x 12 foot adit, advancing approximately 90 feet as planned in the Stoker Report. The portal has been properly secured with screening, rock bolting, and timbering. The miner is now making a 50-degree turn eastward parallel to the historical silver zone.
The company plans to extract approximately 2,500 tons of material for processing at a nearby third-party mill. The development includes infrastructure for year-round mining operations, with construction of equipment bays, storage, and water systems underway. The project aims to potentially intercept historic Washington Gold workings and access the Berger Gold vein and Washington Silver vein structures.
Silver Bullet Mines Corp. (SBMCF) ha completato la prima fase dello sviluppo sotterraneo nella sua Washington Mine in Idaho. L'azienda ha ingaggiato un mineratore a contratto che ha completato con successo diversi traguardi chiave:
Il mineratore ha stabilito un adito di 12 piedi x 12 piedi, avanzando di circa 90 piedi come previsto nel Rapporto Stoker. L'entrata è stata adeguatamente messa in sicurezza con schermature, ancoraggi e strutture in legno. Il mineratore sta ora effettuando una curva di 50 gradi verso est, parallelo alla storica zona d'argento.
L'azienda prevede di estrarre circa 2.500 tonnellate di materiale per la lavorazione in un mulino di terzi nelle vicinanze. Lo sviluppo include infrastrutture per operazioni minerarie durante tutto l'anno, con la costruzione di baie per le attrezzature, magazzini e sistemi idrici in corso. Il progetto mira a potenzialmente intercettare i lavori storici d'oro di Washington e ad accedere alle strutture del filone d'oro di Berger e del filone d'argento di Washington.
Silver Bullet Mines Corp. (SBMCF) ha completado la primera fase del desarrollo subterráneo en su Washington Mine en Idaho. La empresa contrató a un minero bajo contrato que ha completado con éxito varios hitos clave:
El minero ha establecido un adito de 12 pies x 12 pies, avanzando aproximadamente 90 pies como estaba planeado en el Informe Stoker. La entrada ha sido debidamente asegurada con pantallas, anclajes y madera. El minero ahora está realizando un giro de 50 grados hacia el este, paralelo a la histórica zona de plata.
La empresa planea extraer aproximadamente 2.500 toneladas de material para su procesamiento en un molino de terceros cercano. El desarrollo incluye infraestructura para operaciones mineras durante todo el año, con la construcción de bahías para equipos, almacenamiento y sistemas de agua en marcha. El proyecto tiene como objetivo potencialmente interceptar las obras históricas de oro de Washington y acceder a las estructuras del filón de oro de Berger y del filón de plata de Washington.
실버 불렛 마인스 Corp. (SBMCF)는 아이다호에 있는 워싱턴 광산의 지하 개발 첫 번째 단계를 완료했습니다. 이 회사는 몇 가지 주요 과제를 성공적으로 완료한 계약 광부를 고용했습니다:
광부는 12피트 x 12피트의 입구를 설정하고, 스토커 보고서에서 계획한 대로 약 90피트를 진행했습니다. 입구는 스크린링, 암bolting, 목재 작업으로 적절하게 고정되었습니다. 광부는 이제 역사적인 은 지대와 평행하게 동쪽으로 50도 회전을 하고 있습니다.
이 회사는 인근 제3자 제분소에서 가공하기 위해 약 2,500톤의 자재를 추출할 계획입니다. 개발에는 연중무휴 채굴 작업을 위한 인프라가 포함되며, 장비 베이, 저장소 및 수계 시스템의 건설이 진행 중입니다. 이 프로젝트는 역사적인 워싱턴 금 작업을 가로막고, 버거 금 광맥 및 워싱턴 은 광맥 구조에 접근할 가능성을 목표로 하고 있습니다.
Silver Bullet Mines Corp. (SBMCF) a terminé la première phase de développement souterrain de sa mine de Washington dans l'Idaho. L'entreprise a engagé un mineur sous contrat qui a réussi à atteindre plusieurs jalons clés :
Le mineur a établi un adit de 12 pieds x 12 pieds, progressant d'environ 90 pieds comme prévu dans le Rapport Stoker. Le portail a été correctement sécurisé avec des écrans, des boulons de roche et du bois. Le mineur effectue maintenant un tournant de 50 degrés vers l'est, parallèlement à la zone d'argent historique.
L'entreprise prévoit d'extraire environ 2.500 tonnes de matériau pour le traitement dans une usine tierce à proximité. Le développement inclut l'infrastructure pour des opérations minières tout au long de l'année, avec la construction de bays d'équipement, de stockage et de systèmes d'eau en cours. Le projet vise à potentiellement intercepter les travaux historiques d'or de Washington et à accéder aux structures du filon d'or de Berger et du filon d'argent de Washington.
Silver Bullet Mines Corp. (SBMCF) hat die erste Phase der unterirdischen Entwicklung in seiner Washington Mine in Idaho abgeschlossen. Das Unternehmen hat einen Vertragsschachtmeister beauftragt, der mehrere wichtige Meilensteine erfolgreich erreicht hat:
Der Schachtmeister hat einen 12 Fuß x 12 Fuß großen Adit eingerichtet und ist wie im Stoker-Bericht geplant etwa 90 Fuß vorangekommen. Der Zugang wurde ordnungsgemäß mit Sieben, Felsbolzen und Holzarbeiten gesichert. Der Schachtmeister macht nun eine 50-Grad-Drehung nach Osten, parallel zu dem historischen Silberbereich.
Das Unternehmen plant, etwa 2.500 Tonnen Material zur Verarbeitung in einer nahegelegenen Mühle eines Dritten zu gewinnen. Die Entwicklung umfasst die Infrastruktur für ein ganzjähriges Bergbaubetrieb, während der Bau von Maschinenhallen, Lagerräumen und Wasserversorgungssystemen im Gange ist. Das Projekt zielt darauf ab, potenziell historische Washington-Goldarbeiten zu durchdringen und Zugang zu den Berger-Goldadern und den Washington-Silberadern-Strukturen zu erhalten.
- Successful completion of first phase underground development
- Infrastructure development for year-round mining operations
- All necessary permits and regulatory requirements obtained
- Planned extraction of 2,500 tons of material with secured third-party processing
- Processing will be intermittent and dependent on third-party mill
- Assay results still pending from vein samples
Burlington, Ontario--(Newsfile Corp. - January 16, 2025) - Silver Bullet Mines Corp. (TSXV: SBMI) (OTCQB: SBMCF) ('SBMI' or 'the Company') is pleased to announce it has completed the first phase of underground development at the Washington Mine in Idaho.
On November 22, 2024 SBMI announced it had engaged a contract miner (the "Miner") to carry out underground and surface development and bulk sampling at the Washington Mine. Much of the instructions given to the Miner were based upon the contents of the Stoker Report, a copy of which is available at SBMI's website at silverbulletmines.ca.
The portal has been collared, screened and rock bolted for safety, and the portal entrance has been timbered. The Miner then advanced the 12 foot x 12 foot adit over the initial 30 feet using short 4 foot blasts to protect the integrity of the material at the brow of portal entrance. Having completed this, the Miner then conducted 7 to10 foot blast rounds to reach the targeted distance of roughly 90 feet, as set out in the Stoker Report. The Miner is making a 50 degrees turn to the east parallel to the historical silver zone and is continuing along the vein 40 to 50 feet. It will then set up a series of drill stations to document the exact orientation of the mineralization. When that is complete a smaller adit should be driven to expose the mineralization and start extracting the bulk sample.
The Company is pleased with the Miner's achievements which are consistent with the information in the Stoker Report. The Company is very confident in the accuracy of the contents of the Stoker Report and the location of the silver zone.
The Company plans to remove approximately 2500 tons of material for processing, and to continue across strike to potentially intercept the historic Washington Gold workings. This should also give access to the Berger Gold vein and the Washington Silver vein parallel structures believed to contain both silver and gold (see SBMI news release of November 22, 2024). The processing of the 2500 tons will take place intermittently at a proximate third party mill.
Mine development includes underground infrastructure to support year-round mining. The Company is currently constructing bays for equipment, storage, water supply, and sump for drill water. The 12 foot x 12 foot adit will serve as a haulage tunnel providing access to both the initial mineralized zone as well as the parallel zone. It will also allow for the use of much larger equipment supporting future vein development.
All permits and regulatory requirements have been received.
As part of routine proper QA/QC process, samples from certain vein exposures have been sent to SBMI's wholly owned assay facility in Globe, Arizona as well as to a third party lab. Results are expected soon.
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: reliance upon the contract miner in Idaho to properly carry out its duties; 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 mineralized material; 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/237422
FAQ
What is the current development status of SBMCF's Washington Mine in Idaho?
How much material does SBMCF plan to extract from the Washington Mine?
What mining infrastructure is SBMCF developing at the Washington Mine?
What are the target veins in SBMCF's Washington Mine development?
Where will SBMCF process the material from the Washington Mine?
