Silver Bullet Mines Provides Third Party Mineralized Material Update
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) ha fornito un aggiornamento sul suo programma di campionamento di 500 libbre di materiale mineralizzato proveniente da una miniera d'argento in passato attiva e di proprietà di terzi. La società ha condotto un test metallurgico dettagliato con i seguenti risultati:
- Grado di testa: 19,2 once per tonnellata di argento
- Grado del concentrato: 307,6 once per tonnellata di argento
- Grado delle ceneri: 2,1 once per tonnellata di argento
- Rapporto di concentrazione: 18:1
SBMI ritiene che questi risultati siano rappresentativi sia del campione che dell'intero sistema potenzialmente. La società continua a lavorare il materiale e a produrre concentrati di grado commerciale da vendere ai propri clienti. SBMI è soddisfatta dei progressi nel nuovo sito e crede che, insieme al materiale di Buckeye, fornirà un'ottima materia prima per il mulino.
Silver Bullet Mines Corp. (SBMI) ha proporcionado una actualización sobre su programa de muestreo de 500 libras de material mineralizado de una mina de plata de propiedad de terceros que ha producido en el pasado. La empresa llevó a cabo una prueba metalúrgica detallada con los siguientes resultados:
- Grado de cabeza: 19.2 onzas por tonelada de plata
- Grado de concentrado: 307.6 onzas por tonelada de plata
- Grado de relaves: 2.1 onzas por tonelada de plata
- Relación de concentración: 18:1
SBMI cree que estos resultados son representativos tanto de la muestra como potencialmente de todo el sistema. La empresa continúa procesando material y produciendo concentrados de grado comercial para la venta a sus clientes. SBMI está satisfecha con el progreso en la nueva propiedad y cree que, junto con el material de Buckeye, proporcionará una excelente materia prima para el molino.
실버 불릿 마인즈 코프(SBMI)는 제3자 소유의 이전에 생산된 은광에서 채취한 500파운드 샘플링 프로그램에 대한 업데이트를 제공했습니다. 회사는 다음 결과를 가지고 상세한 금속 테스트를 수행했습니다:
- 헤드 등급: 톤당 19.2 온스 은
- 농축 등급: 톤당 307.6 온스 은
- 테일링 등급: 톤당 2.1 온스 은
- 농도 비율: 18:1
SBMI는 이러한 결과가 샘플과 잠재적으로 전체 시스템을 대표한다고 믿고 있습니다. 회사는 계속해서 소재를 가공하고 고객에게 판매할 상업적 등급의 농축물을 생산하고 있습니다. SBMI는 새로운 부지에서의 진행 상황에 만족하고 있으며, 이곳과 Buckeye 소재가 제분소에 훌륭한 원료를 제공할 것으로 믿고 있습니다.
Silver Bullet Mines Corp. (SBMI) a fourni une mise à jour sur son programme d'échantillonnage de 500 livres de matériel minéralisé provenant d'une mine d'argent ancienne, détenue par un tiers. L'entreprise a effectué un test métallurgique détaillé avec les résultats suivants :
- Teneur moyenne : 19,2 onces par tonne d'argent
- Teneur du concentré : 307,6 onces par tonne d'argent
- Teneur des résidus : 2,1 onces par tonne d'argent
- Rapport de concentration : 18:1
SBMI estime que ces résultats sont représentatifs à la fois de l'échantillon et potentiellement de l'ensemble du système. L'entreprise continue à traiter le matériel et à produire des concentrés de qualité commerciale à vendre à ses clients. SBMI est satisfaite des progrès réalisés sur la nouvelle propriété et estime que celle-ci, ainsi que le matériau de Buckeye, fournira un excellent aliment pour le moulin.
Silver Bullet Mines Corp. (SBMI) hat ein Update zu seinem 500-Pfund-Probenprogramm von mineralisiertem Material aus einer ehemaligen Silbermine eines Drittanbieters gegeben. Das Unternehmen führte einen detaillierten metallurgischen Test durch, mit den folgenden Ergebnissen:
- Kopfgehalt: 19,2 Unzen pro Tonne Silber
- Konzentrationsgrad: 307,6 Unzen pro Tonne Silber
- Tailings-Gehalt: 2,1 Unzen pro Tonne Silber
- Konzentrationsverhältnis: 18:1
SBMI ist der Ansicht, dass diese Ergebnisse sowohl für die Probe als auch potenziell für das gesamte System repräsentativ sind. Das Unternehmen verarbeitet weiterhin Material und produziert kommerzielle Konzentrate, die an seine Kunden verkauft werden. SBMI ist mit den Fortschritten auf dem neuen Grundstück zufrieden und glaubt, dass dies zusammen mit dem Buckeye-Material eine hervorragende Futterbasis für die Mühle bieten wird.
- High concentrate grade of 307.6 ounces per ton silver
- Strong concentration ratio of 18:1
- Producing commercial grade concentrates for sale to customers
- New property and Buckeye material expected to provide excellent mill feed
- None.
Burlington, Ontario--(Newsfile Corp. - October 9, 2024) - Silver Bullet Mines Corp. (TSXV: SBMI) (OTCQB: SBMCF) ('SBMI' or 'the Company') is pleased to provide an update to the news release of September 24, 2024 in connection with the 500 pound sampling program of mineralized material from the third party owned past producing silver mine disclosed therein.
SBMI completed a detailed comprehensive metallurgical test of the material in a tightly controlled environment using the following methodology:
- The material was weighed and set aside to ensure accuracy of the values.
- All equipment used in the test was thoroughly cleaned to prevent potential contamination from other material run through the mill.
- The material was then hand crushed and ground through the Company's crushing and pulverizing equipment.
- The ground, screened material was then fed to the concentrating table.
- Assays were taken of the feed material, concentrate, and tailings at various times during the test run to ensure the values were as accurate as possible.
The following numbers represent the average grade, recovery, and concentration ratio for the entire test. (a video of the test can be seen on the Company website).
- 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
The Company believes these are representative of both the sample and potentially the entire system. It also believes these numbers could increase as contact is made with the vein insitu. SBMI continues to run material and produce commercial grade concentrates for sale to its customers.
SBMI is very pleased with the progress it has made to date on the new property and coupled with the Buckeye material will provide excellent feed to the mill.
The Company will continue to provide future updates.
QA/QC
The metallurgical test described above was completed at the SBMI plant and all samples were assayed at multiple stages of the process. The test results as well as the assay results will provide input as to any adjustments that may be necessary to improve production efficiencies.
Readers are cautioned that samples are random by nature and may not be representative of the materials as a whole, whether from the surface piles or the historical workings or the Vein, and metallurgical results represent the sample tested and may not be representative of all mineralized material from the third party owned mine site.
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/226147
FAQ
What were the results of SBMI's metallurgical test on the third-party mine material?
How does SBMI plan to use the new property material?
What is the stock symbol for Silver Bullet Mines Corp.?
Who conducted the QA/QC for SBMI's metallurgical test results?
