Silver and Gold Concentrate
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Silver Bullet Mines Discovers New Potential Silver/Gold Vein at KT Mine in Arizona
TMX Newsfile· 2026-01-05 13:40
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].
Silver Bullet Mines Commences Daily Processing of Super Champ High Grade Silver/Gold in Arizona
Newsfile· 2025-08-15 12:00
Core Viewpoint - Silver Bullet Mines Corp. has commenced daily processing of high-grade silver and gold mineralized material from the Super Champ Mine in Arizona, indicating a significant operational advancement for the company [1][2]. Group 1: Production and Processing - The company is processing over six tons per hour for eight hours a day, five days a week, with plans to increase production hours by adding another shift [2]. - The head grade of the material is reported to be over 28 ounces per ton of silver, with a recovery rate of 89% [3][5]. - The concentrate grade of the Super Champ material has been announced at 530 ounces per ton of silver [3]. Group 2: Sales and Financial Arrangements - All immediate production from the Super Champ Mine is committed to a third-party buyer under a Firm Offer, which includes an initial payment of 90% of the estimated value of the concentrate [6]. - The company has entered into a strategic financing arrangement through a non-brokered private placement of Units, raising $1,120,800 at a premium price of $0.21 per Unit [10]. Group 3: Safety and Infrastructure - The company has ensured the safety of the mining operations by timbering the entire 125-foot lower adit and moving over 10,000 tons of material from the upper adit [7].