August 14, 2024 — In a recent interview with InvestorNews host Pat Bolland, John Carter, CEO and Director of Silver Bullet Mines Corp. (TSXV: SBMI | OTCQB: SBMCF), provided insights into the company’s near-term production plans and ongoing developments at its key mining projects. Carter discussed the progress at the Buckeye Mine in Arizona, where the company is finalizing compliance requirements under MSHA and making significant advancements toward reaching the high-grade mineralization zone. “We’re very close in the Buckeye to starting regular production,” Carter shared, highlighting that the mine’s infrastructure is nearly ready, with upgraded equipment and an enhanced milling circuit to handle the ore, which contains both silver and copper.
Carter also delved into the history and potential of the Washington Mine in Idaho, which dates back to the late 1800s. He emphasized the property’s rich history and its significant silver and gold deposits, noting that despite past challenges, “We know it’s there.” The company is preparing to start a new adit approximately 80 feet from the known mineralized zone, aiming to access material that previously produced high-grade silver. In parallel, SBMI is considering third-party milling opportunities, a strategic move that could provide additional revenue streams. “It’s almost like gravy on roast beef,” Carter remarked, underscoring the potential profitability of processing ore from nearby sources. The company is also actively evaluating various milling setups to optimize recovery rates for different types of ore, ensuring the facility can efficiently handle a variety of inputs.
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About Silver Bullet Mines Corp.
Silver Bullet Mines Corp. (SBMI) is making headway in the gold and silver production industry. SBMI recently revealed a third potential revenue stream through a partnership to process around 900 pounds of high-grade gold concentrate at its Globe, Arizona facility, benefiting from its advanced gravity circuit. Besides this, SBMI’s primary operations focus on silver extraction from the Buckeye Silver Mine and silver/gold production at its Washington Mine in Idaho, to be processed at its fully operational mill. The company recently reported promising high-grade silver findings from the Treasure Room and is working on a financing strategy for its operations. An ambitious goal is to stabilize the Treasure Room for deeper exploration. Another highlight was the successful interception of a mineral-rich zone at the Buckeye Mine, known as “Zone1,” believed to contain higher-grade silver. The company plans to continue mining this vein and refine the material at its Globe mill. Recent developments position SBMI as a leading player in silver mining, suggesting a bright future for the company and its investors.
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This interview, which was produced by InvestorNews Inc. (“InvestorNews”), does not contain, nor does it purport to contain, a summary of all material information concerning the Company, including important disclosure and risk factors associated with the Company, its business and an investment in its securities. InvestorNews offers no representations or warranties that any of the information contained in this interview is accurate or complete.
This interview and any transcriptions or reproductions thereof (collectively, this “presentation”) does not constitute, or form part of, any offer or invitation to sell or issue, or any solicitation of any offer to subscribe for or purchase any securities in the Company. The information in this presentation is provided for informational purposes only and may be subject to updating, completion or revision, and except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any information herein. This presentation may contain “forward-looking statements” within the meaning of applicable Canadian securities legislation. Forward-looking statements are based on the opinions and assumptions of the management of the Company as of the date made. They are inherently susceptible to uncertainty and other factors that could cause actual events/results to differ materially from these forward-looking statements. Additional risks and uncertainties, including those that the Company does not know about now or that it currently deems immaterial, may also adversely affect the Company’s business or any investment therein.
Any projections given are principally intended for use as objectives and are not intended, and should not be taken, as assurances that the projected results will be obtained by the Company. The assumptions used may not prove to be accurate and a potential decline in the Company’s financial condition or results of operations may negatively impact the value of its securities. This presentation should not be considered as the giving of investment advice by the Company or any of its directors, officers, agents, employees or advisors. Each person to whom this presentation is made available must make its own independent assessment of the Company after making such investigations and taking such advice as may be deemed necessary. Prospective investors are urged to review the Company’s profile on SedarPlus.ca and to carry out independent investigations in order to determine their interest in investing in the Company.
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