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Silver Bullet Announces Assay Results of up to 24.2 oz/ton Silver from Zone1 and the Commencement of Milling
Burlington, Ontario--(Newsfile Corp. - November 27, 2023) - Silver Bullet Mines Corp. (TSXV: SBMI...
About this update from Silver Bullet Mines Corp
[{"type":"text","content":"Silver Bullet Announces Assay Results of up to 24.2 oz/ton Silver from Zone1 and the Commencement of MillingBurlington, Ontario--(Newsfile Corp. - November 27, 2023) - Silver Bullet Mines Corp. (TSXV: SBMI) (OTCQB: SBMCF) ('SBMI' or 'the Company') is pleased to announce high grade silver results as it moves to the next stage in the development of the new Zone1, as outlined in previous press releases.In its press release of November 1, 2023, SBMI advised it was continuing to blast and muck in Zone1 towards what management believed to be a volume of higher grade silver mineralization. Since then, in the last three blasts the vein width significantly increased to over 19 feet wide, with current assays of up to 24.2 oz/ton silver from the new muck piles and directly from the vein (see chart below). This is significant as the Company believes it is very close to the 1969 historical drill holes, and expects the grade to increase in future blasts. It also provides strong support for management's theory of the grade increasing as blasting penetrates further into Zone1.Sample1Oz/t silverg/tonne silver1A17.6603.41B17.4596.61C18.0617.1Sample22A11.0377.12B12.8438.92C12.8438.9Sample33A20.2692.63B18.8644.63C20.2692.6Sample44A24.2829.74B24.2829.74C24.2829.7 \"These results validate our interpretation of the historical and current data,\" said A. John Carter, SBMI's CEO. \"The grades are increasing the further we blast into Zone1, as we expected. After battling through Covid, severe supply chain challenges, Mother Nature and unexpected price increases, it is rewarding to be hitting our targetted area, almost exactly where we expected it to be.\"As a result of these grades, management believes the recently blasted material to be economically viable and therefore is being prepared for transportation to the mill for processing. Upon receipt of the material the Company will restart the mill. SBMI is working with a transport company to arrange transportation to the mill.The Company believes that due to the nugget effect nature of the host rock, milling could increase or decrease the overall grade. Vein face as of Nov 17/23 To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/8464/188697_f4bbe84dd4c5ba22_003full.jpg   Close up on vein face as of Nov 17/23 To view an enhanced ver...