Silver Bullet Mines Discovers New Potential Silver/Gold Vein at KT Mine in Arizona

Core Viewpoint - Silver Bullet Mines Corp. has discovered a new potential high-grade silver/gold zone during the development of its KT Mine in Arizona, which may be an offshoot of the main KT vein or a new parallel vein [1][2]. Group 1: Discovery and Sampling - Initial sampling from the new zone yielded significant high-grade silver, with assays ranging from seven to twenty-seven ounces per ton [2]. - The newly discovered zone shows a different mineralization pattern compared to the main KT vein, indicating high-grade silver with gold rather than high-grade gold with silver [2]. Group 2: Geological Evaluation and Excavation - The geological team is developing a plan to advance the new discovery, with ongoing excavation to expose further mineralization along the vein [4]. - A vein over 200 feet in length has been identified, with a surface width of approximately 8 feet, though its relation to the main KT vein remains uncertain [4]. Group 3: Processing and Business Model - The company has removed a 200-ton bulk sample from the new zone for processing at its nearby mill, with results expected shortly [5]. - SBMI operates on a hub and spoke model, allowing for quick evaluation and advancement of new opportunities as they arise, positioning the company well to meet the growing demand for silver and gold [6]. Group 4: Ongoing Operations and Future Plans - Processing of material from the KT main zone continues, with multiple shipments of concentrate already completed and mining expected to commence soon [8]. - The company anticipates an increase in the head grade of the underground material as operations progress [8]. Group 5: Financial Developments - Recent exercises of warrants have provided the company with additional working capital, totaling 4,684,167 warrants at a strike price of $0.16 and 1,923,334 warrants at $0.17 during Q1 and Q2 of fiscal 2026 [11][12].