Silver Bullet Mines Corp. announces strategic financing and interest payment on debenture. Silver Bullet Mines Corp is pleased to announce a strategic private placement of up to $1.5 million, with a lead order of $500,000. The private placement will consist of up to 12,500,000 units at $0.12 per unit with each unit consisting of one common share and one common share purchase warrant exercisable at $0.16 for a period of [...]
Silver Bullet Mines Corp. continues to assay high grade silver from the Super Champ in Arizona. On November 18, 2024 SBMI reported assay results from the Super Champ, including five assays returning over 1000 oz/ton silver, with gold visible in the mill concentrates. To ensure best practices are being followed, the Company contracted two structural geologists to advise on sampling the vein to provide the most accurate [...]
Silver Bullet Mines Corp. is pleased to announce contract mining has commenced at the Idaho Washington Mine. Contract Miner at Face at Washington Mine To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/8464/231011_284726a544b9a8a0_001full.jpg The Company has signed a contract with a contract miner to complete the underground development and bulk sampling at the Washington [...]
Silver Bullet Mines Corp. is pleased to announce it has unexpectedly intercepted a historical mining tunnel, shaft and waste piles, during development of the Super Champ vein structure . There is no historical documentation on this tunnel or what was mined out of it. The Company's field team estimates this zone was mined by unknown persons at least over a century ago. The historical adit is approximately 4 feet wide by 8 [...]
Silver Bullet Mines Corp. is pleased to announce it has received multi-element assay results from samples taken from the Super Champ concentrate. These samples were processed by an independent accredited lab. The concentrate was processed at SBMI's mill in Globe, Arizona. The Super Champ is the property owned by a third party upon which SBMI has a perpetual lease, as announced on October 21, 2024. On October 9, 2024 SBMI [...]
Silver Bullet Mines is pleased to announce it has closed on the Debenture financing announced August 2, 2024. Please see that press release for the characteristics of the Debenture. The amount closed upon is $1,118,000. Cash commissions of $13,500 were paid and 135,000 broker warrants were issued in connection with this financing. The use of proceeds is to continue work at the Buckeye Silver Mine in Arizona, to continue [...]
Silver Bullet Mines 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 [...]
Silver Bullet Mines Corp. is pleased to announce it has entered into an 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 [...]
Silver Bullet Mines Corp. is pleased to announce it has signed a contract with a contract miner for underground mining at the Washington Silver Mine in Idaho. The Contract Miner is highly experienced, has a long history of underground construction, and is ideally suited for working in high grade vein type structures like those expected to be worked at the Washington Mine. Details on the Washington Mine can be found in the [...]
Silver Bullet Mines Corp. is pleased to announce it is continuing preparations for mining at its Washington Mine Property in Idaho, including adding mining strength to its board of directors. The Washington Mine, a historical past producing high grade gold/silver mine, is 100% privately owned by SBMI on patented lands. It is near Idaho City and Boise, proximate to infrastructure. As previously disclosed by SBMI, the [...]
Silver Bullet Mines Corp. is pleased to announce it is nearing completion of the testing of the third party stockpile announced May 2, 2024. A random bulk sample of roughly 350 tons of mineralized material was taken from the stockpile and transported from the third party's past producing silver mine to SBMI's mill in Globe, Arizona for testing. The nature of the Material is unknown to SBMI. SBMI had to take multiple [...]
Silver Bullet Mines Corp. is pleased to announce it has closed on the Debenture financing announced April 8, 2024. Please see that press release for the characteristics of the Debenture. The amount closed upon is $940,000. Cash commissions of $6,450 were paid and 53,750 broker warrants were issued in connection with this financing. The use of proceeds is to continue work at the Buckeye Silver Mine in Arizona, to begin [...]
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