Burlington, Ontario--(Newsfile Corp. - September 24, 2024) - Silver Bullet Mines Corp. (TSXV: SBMI) (OTCQB: SBMCF) ('SBMI' or 'the Company') is pleased to announce it has entered into an agreement (the "Agreement") to process high grade mineralized material from a past producing silver mine proximate to SBMI's Buckeye Silver Mine in Arizona, on commercial terms. The private property is owned by an arm's length third party.
SBMI has begun processing the material into saleable product, whether by way of concentrate or dore bar, thereby generating revenue.
Historical reports indicate material from the past producing silver mine was direct shipped to a smelter and was not milled onsite. SBMI's due diligence review of the property has confirmed significant high grade silver mineralization, and has confirmed a high grade silver vein at surface (the "Vein").
SBMI's due diligence review included a sampling program and test runs of the material at SBMI's 100%-owned mill and assay facility in Globe, Arizona. From the initial run of approximately 200 pounds of material blended from surface piles, the average head grade was 12.0 ounces per ton silver. see & read more on
https://www.newsfilecorp.com/release/224346/ |