Silver Bullet Mines Provides Update on Washington Silver Mine, A New Director, and a Lead Order for Financing

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Algemeen advies 04/08/2024 06:50
Burlington, Ontario--(Newsfile Corp. - August 2, 2024) - Silver Bullet Mines Corp. (TSXV: SBMI) (OTCQB: SBMCF) ('SBMI' or 'the Company') 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 Washington Mine first saw production in the late 1800's with an average gold grade of one ounce per ton. It again produced gold in the 1930's during which time the then-owner lacked the process capability needed to produce silver, so a decision was made to block out the silver mineralization with the intention of returning at a future date to extract it. To the best of SBMI's knowledge, the blocked-out volume remains in situ. A historical report indicates the blocked-out volume contains an estimated 3 million ounces of silver with a grade of 30 to 90 ounces per ton and 15,000 ounces of gold at 0.3 ounces per ton. (Source, "Geological Evaluation", Roger G. Stoker, P.G. and Ryne C. Stoker, Student Geologist, Energy Services Inc., December, 1981.). see & read more on
https://www.newsfilecorp.com/release/218653/



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