Silver Bullet Mines Intercepts High Grade Silver Zone at Washington Mine in Idaho
Silver Bullet Mines Corp (TSXV: SBMI) (OTCQB: SBMCF) has accessed the historic high-grade silver vein at its Washington Mine in Idaho. The company has expanded the adit to 12ft x 12ft, advancing over 190 feet and establishing 4 drill stations. The targeted vein averages 6 feet wide, with all drill holes successfully intercepting it.
According to the Stoker Report, the blocked-out volume contains an estimated 3 million ounces of silver (grading 30-90 ounces per ton) and 15,000 ounces of gold (at 0.3 ounces per ton). The report also identifies the 'Berger Vein', a gold ore shoot 25 feet wide and 135 feet long.
Initial oxide material samples showed up to 18 ounces per ton silver using X-ray fluorescence. The company is now focusing on extracting a 2,500-ton bulk sample and developing the mine further, with recent core samples showing multiple gold veinlets and potential high-grade silver content.
Silver Bullet Mines Corp (TSXV: SBMI) (OTCQB: SBMCF) ha accesso alla storica vena di argento ad alta legge nella sua miniera Washington in Idaho. L'azienda ha ampliato l'adito a 12 piedi x 12 piedi, avanzando per oltre 190 piedi e stabilendo 4 stazioni di perforazione. La vena target ha una larghezza media di 6 piedi, con tutti i fori di perforazione che l'hanno intercettata con successo.
Secondo il Rapporto Stoker, il volume bloccato contiene un stimato 3 milioni di once d'argento (con un grado di 30-90 once per tonnellata) e 15.000 once d'oro (a 0,3 once per tonnellata). Il rapporto identifica anche la 'Vena Berger', un deposito di oro largo 25 piedi e lungo 135 piedi.
I campioni iniziali di materiale ossidato hanno mostrato fino a 18 once d'argento per tonnellata utilizzando la fluorescenza a raggi X. L'azienda si sta ora concentrando sull'estrazione di un campione bulk di 2.500 tonnellate e sullo sviluppo ulteriore della miniera, con recenti campioni di nucleo che mostrano molteplici vene d'oro e potenziale contenuto di argento ad alta legge.
Silver Bullet Mines Corp (TSXV: SBMI) (OTCQB: SBMCF) ha accedido a la histórica veta de plata de alta ley en su mina Washington en Idaho. La compañía ha expandido el adito a 12 pies x 12 pies, avanzando más de 190 pies y estableciendo 4 estaciones de perforación. La veta objetivo tiene un ancho promedio de 6 pies, con todos los agujeros de perforación interceptándola con éxito.
Según el Informe Stoker, el volumen bloqueado contiene un estimado de 3 millones de onzas de plata (con una ley de 30-90 onzas por tonelada) y 15,000 onzas de oro (a 0.3 onzas por tonelada). El informe también identifica la 'Veta Berger', un depósito de mineral de oro de 25 pies de ancho y 135 pies de largo.
Las muestras iniciales de material oxidado mostraron hasta 18 onzas de plata por tonelada usando fluorescencia de rayos X. La compañía ahora se está enfocando en extraer una muestra a granel de 2,500 toneladas y en desarrollar más la mina, con muestras de núcleo recientes que muestran múltiples vetas de oro y un potencial contenido de plata de alta ley.
Silver Bullet Mines Corp (TSXV: SBMI) (OTCQB: SBMCF)는 아이다호의 워싱턴 광산에서 역사적인 고품질 은 광맥에 접근했습니다. 회사는 아디트를 12피트 x 12피트로 확장하고 190피트 이상 진행하며 4개의 시추 스테이션을 설립했습니다. 목표 광맥의 평균 너비는 6피트입니다, 모든 시추 구멍이 성공적으로 그것을 관통했습니다.
스토커 보고서에 따르면, 차단된 부피에는 약 300만 온스의 은 (톤당 30-90온스 등급)과 15,000온스의 금 (톤당 0.3온스)이 포함되어 있습니다. 이 보고서는 또한 25피트 너비와 135피트 길이의 금 광맥인 '버거 광맥'을 식별합니다.
초기 산화물 샘플은 X선 형광을 사용하여 최대 톤당 18온스의 은을 보여주었습니다. 회사는 현재 2,500톤 대량 샘플을 추출하고 광산을 더 개발하는 데 집중하고 있으며, 최근 코어 샘플은 여러 금 광맥과 잠재적인 고품질 은 함량을 보여주고 있습니다.
Silver Bullet Mines Corp (TSXV: SBMI) (OTCQB: SBMCF) a accédé à la veine d'argent historique de haute teneur dans sa mine de Washington dans l'Idaho. L'entreprise a élargi l'adit à 12 pieds x 12 pieds, avançant de plus de 190 pieds et établissant 4 stations de forage. La veine ciblée a une largeur moyenne de 6 pieds, tous les trous de forage l'ayant interceptée avec succès.
Selon le Rapport Stoker, le volume bloqué contient environ 3 millions d'onces d'argent (avec une teneur de 30-90 onces par tonne) et 15 000 onces d'or (à 0,3 once par tonne). Le rapport identifie également la 'Veine Berger', un gisement d'or large de 25 pieds et long de 135 pieds.
Les échantillons initiaux de matériau oxydé ont montré jusqu'à 18 onces d'argent par tonne en utilisant la fluorescence X. L'entreprise se concentre désormais sur l'extraction d'un échantillon en vrac de 2 500 tonnes et sur le développement ultérieur de la mine, avec des échantillons de carottes récents montrant plusieurs veines d'or et un potentiel de contenu en argent de haute teneur.
Silver Bullet Mines Corp (TSXV: SBMI) (OTCQB: SBMCF) hat auf die historische hochgradige Silberader in seiner Washington Mine in Idaho zugegriffen. Das Unternehmen hat den Stollen auf 12 Fuß x 12 Fuß erweitert, über 190 Fuß vorangeschritten und 4 Bohrstationen eingerichtet. Die angestrebte Ader hat eine durchschnittliche Breite von 6 Fuß, wobei alle Bohrlöcher sie erfolgreich durchdrungen haben.
Laut dem Stoker-Bericht enthält das blockierte Volumen schätzungsweise 3 Millionen Unzen Silber (mit einem Gehalt von 30-90 Unzen pro Tonne) und 15.000 Unzen Gold (bei 0,3 Unzen pro Tonne). Der Bericht identifiziert auch die 'Berger-Ader', einen Golderzgang, der 25 Fuß breit und 135 Fuß lang ist.
Erste Proben von oxidiertem Material zeigten bis zu 18 Unzen Silber pro Tonne mit Hilfe von Röntgenfluoreszenz. Das Unternehmen konzentriert sich nun auf die Gewinnung einer 2.500-Tonnen-Musterprobe und die weitere Entwicklung der Mine, wobei aktuelle Kernproben mehrere Goldadern und potenziellen hochgradigen Silbergehalt zeigen.
- Successful interception of high-grade silver vein
- Historic data indicates 3M oz silver and 15K oz gold reserves
- Initial samples show up to 18 oz/ton silver content
- Multiple gold veinlets identified in drill core
- Historic bulk sample yielded 44 oz/ton silver
- Assay results pending for current samples
- Exact depth of Berger Vein remains unknown
- Historic data requires modern verification
Burlington, Ontario--(Newsfile Corp. - March 3, 2025) - Silver Bullet Mines Corp. (TSXV: SBMI) (OTCQB: SBMCF) ('SBMI' or 'the Company') is pleased to announce it has accessed the historic high grade silver vein at its wholly-owned Washington Mine in Idaho. This portion of the vein was targetted using the Stoker Report among other data.
The Stoker Report indicates a blocked-out volume contains an estimated 3 million ounces of silver with a grade of 30 to 90 ounces per ton and 15,000 ounces of gold at 0.3 ounces per ton. (Source, "Geological Evaluation", Roger G. Stoker, P.G. and Ryne C. Stoker, Student Geologist, Energy Services Inc., December, 1981.) Stoker also indicated the underground location of the "Berger Vein", described as a "gold ore shoot 25 feet wide, 135 feet long, and unknown depth." Average grades were given as 0.3 oz/ton gold with unknown silver content. Additional notes in Stoker suggest that the Berger Vein had been intersected in drifting at the 400-foot level. Stoker also indicates the Washington Mine was one of the highest grading gold mines in the area averaging 1 ounce gold per ton.
As per the photo below, the Company increased the size of the adit to 12 ft x 12 ft, enabling the Contract Miner to advance over 190 feet and turn parallel to this silver zone. The enlarged adit has enabled the Contract Miner to set up 4 drill stations using an underground drill and drill into the vein at various angles.
12ft x 12 ft portal to Washington Mine in Idaho
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https://images.newsfilecorp.com/files/8464/243017_b13cbc3904e59a7c_001full.jpg
The vein pinches and swells, averaging approximately 6 feet wide. All of the Contract Miner's drill holes intercepted the vein. The core from these holes has been logged and samples have been sent out for assay (see photo of drill core below). The dark grey material in the core sample on the left is reasonably believed to be high grade silver.
Recent Drill Core from Washington Mine
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https://images.newsfilecorp.com/files/8464/243017_b13cbc3904e59a7c_002full.jpg
During logging of the core, multiple gold veinlets were visually identified. Samples from the core, including sections holding the gold veinlets, are being prepared for assay.
The oxide material ahead of the targeted zone has been removed and sent to the stockpile, some of which ran as high as 18 ounces per ton silver using X-ray fluorescence. (None of that material has been assayed which could provide a more accurate determination of the amount of silver in that sample.) SBMI is excited by these events as they confirm much of the data outlined in Stoker (see that report at www.silverbulletmines.com). Management reasonably believes the Contract Miner is moving towards what could be a significant mineralized structure.
The Contract Miner is currently driving a 6 ft x 9 ft drift to the center of the high grade zone to access the silver/gold material, which will be removed and stockpiled for future sale. This drift will allow the Contract Miner to mine the vein in all directions throughout the structure.
While driving the main adit, the Contract Miner intercepted historical workings that contained visible multiple gold veinlets. The Company is evaluating these targets. SBMI also broke into the historical Washington Gold chute which will be accessed once the Contract Miner has implemented a plan to create safe access to it. This is the area that Stoker indicated hosted 0.3 ounce per ton gold over 20 ft.
SBMI strongly believes that it has achieved its goal of confirming data in Stoker. It also provides further support for the accuracy of the historic bulk sample taken in the 1980's that yielded 44 ounce per ton silver and 0.1 ounce per ton gold. These positive events give management a great deal of confidence that the Washington Mine has the potential once again to be a significant producing gold/silver property.
SBMI will now focus on further development and extracting a 2500 ton bulk sample.
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/243017
FAQ
What are the estimated silver and gold reserves at SBMCF's Washington Mine according to the Stoker Report?
What is the size of the expanded adit at SBMCF's Washington Mine in Idaho?
What is the average width of the silver vein discovered at SBMCF's Washington Mine?
What is the size of the bulk sample SBMCF plans to extract from the Washington Mine?
What were the results from the 1980s bulk sample at SBMCF's Washington Mine?
