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Be the first with the news that moves the market- Silver Bullet (SBMI) is reporting a successful processing campaign at its 125 TPD pilot plant in Arizona
- From March 8 to March 13, 2023, the company processed mineralized vein material, from which it recovered concentrate to be converted to dore bars
- The news follows an increased order of 500 kg (17,600 ounces) of silver per month and ongoing discussions with additional purchasers
- VP Capital Markets Peter Clausi spoke with Simon Druker about the news
- Silver Bullet Mines is focused on the discovery and development of mineral deposits in Arizona, Idaho and Nevada
- Silver Bullet Mines (SBMI) last traded at $0.175 per share
Silver Bullet (SBMI) is reporting a successful processing campaign at its 125 TPD pilot plant in Arizona.
From March 8 to March 13, 2023, the company processed mineralized vein material, from which it recovered concentrate to be converted to dore bars, validating a recent mill modification.
Calibrated XRF analysis confirms recovered gold in these dore bars as high as 0.382 per cent gold, as well as silver, copper, zinc, nickel, lead and iron content with no deleterious material.
The news follows an increased order of 500 kg (17,600 ounces) of silver per month and ongoing discussions with additional purchasers.
The mineralized material stems from the vein structure in the upper adit behind the Buckeye Mine’s Treasure Room area.
The initial batch of dore bars will be sent to a third-party lab and potential buyers for analysis.
The company is at work optimizing the mill’s processing power and evaluating a potential bornite finding that may indicate further precious metal mineralization. Mining is ongoing in 150-ton rounds, with four rounds per week, advancing at 12 feet (3.7 m) per round.
VP Capital Markets Peter Clausi spoke with Simon Druker about the news.
Silver Bullet Mines is focused on the discovery and development of mineral deposits in Arizona, with additional properties in Idaho and Nevada.
Silver Bullet Mines (SBMI) last traded at $0.175 per share.
