- Silver Bullet Mines Corp. (SBMI) has intercepted the targeted vein at its Buckeye Silver Mine in Arizona
- SBM is processing the mineralized material from the mine at its mill site
- Peter Clausi, VP of Capital Markets, sat down with Sabrina Cuthbert to discuss the update
- Silver Bullet Mines is focused on the discovery and development of mineral deposits primarily in Arizona, with additional mineral properties in Idaho and Nevada
- Silver Bullet Mines Corp. (SBMI) opened trading at C$0.20
Silver Bullet Mines Corp. (SBMI) has intercepted the targeted vein behind the historical Treasure Room at its Buckeye Silver Mine in Arizona.
This interception occurred on schedule and within SBMI’s budget.
Peter Clausi, VP of Capital Markets, sat down with Sabrina Cuthbert to discuss the update.
The material being removed is being deposited in specific locations for future evaluation.
SBMI intends to carry out multiple daily assays of the materials at its mill site. The mill is ready to recommence processing the mineralized material from Buckeye.
Last December, SBMI advised third-party geologic consultants would be providing a report based on their site visit to Arizona. They inspected the third-party independent lab used for sample testing, visited the Buckeye Mine site, visited the company’s mill site, and visited the Black Copper and Helena occurrences situated on SBMI’s Black Diamond property.
Those geologic consultants also carried out a brief initial re-inspection of core drilled at the Buckeye Mine by a previous optionee. This re-inspection has revealed coarse-grained gabbronorite phases containing magnetite disseminations and thin bands within an area previously mapped as diabase. Small intervals containing olivine phenocrysts were also noted.
The company is working with various mineralogical and geochemical labs to resolve metallurgical and refractory issues encountered while trying to pour dore bars from the Buckeye Mine material.
Silver Bullet Mines is focused on the discovery and development of mineral deposits primarily in Arizona, with additional mineral properties in Idaho and Nevada.
Silver Bullet Mines Corp. (SBMI) opened trading at C$0.20.