Business
Silver Bullet Announces John Kontak has Joined the Board, and Provides an Update on Continuing Silver Processing
Burlington, Ontario--(Newsfile Corp. - November 30, 2023) - Silver Bullet Mines Corp. (TSXV: SBMI...
About this update from Silver Bullet Mines Corp
[{"type":"text","content":"Silver Bullet Announces John Kontak has Joined the Board, and Provides an Update on Continuing Silver ProcessingBurlington, Ontario--(Newsfile Corp. - November 30, 2023) - Silver Bullet Mines Corp. (TSXV: SBMI) (OTCQB: SBMCF) ('SBMI' or 'the Company') is pleased to announce the appointment of Mr. John Kontak to its board of directors. Mr. Kontak has extensive experience as a director and officer of public resource companies, most recently as President and Director of West Red Lake Gold Mines Inc. Mr. Kontak is a graduate of Dalhousie Law School, holds an MBA from Suffolk University in Boston, and is a dual citizen of Canada and the United States of America. Mr. Kontak's appointment is subject to regulatory approval. SBMI also announces shipping of mineralized material from Zone1 at the Buckeye Mine to the mill has begun. The first trucks recently began loading at the mine site as the next important step towards continuing processing at the mill. (A video of the first truck being loaded can be found at the Company's home page Silver Bullet Mines Inc.). Processing will continue once sufficient material from Zone1 is delivered to the mill to provide for efficiencies. The Company plans to run this material as a bulk sample to provide a consistent head grade, and to determine and maximize recoveries.Continual sampling and assaying will take place at all stages of the milling process. SBMI will use this data to determine the best blend of material to attain the highest recovery rates and to make the necessary adjustments to the process. It is anticipated this run should start in the near future, resulting in the pouring of saleable dore bars.The Company continues to mine at Zone1 at the Buckeye. Mining is taking place approximately 735 feet from the portal where the vein continues to be over 19 feet wide. Recently six samples taken from the vein face and the floor ranged from 11.0 to 24.2 ounces per ton silver and averaged 16.2 ounces per ton silver.QA/QCAll samples referred to above were processed at the Company's production assay lab located at the mill. In accordance with best practices, multiple assays have been and should continue to be sent to third party ISO-accredited labs for multielement analysis including precious metals and PGMs. Readers are cautioned that these samples may not be representative of the Buckeye Mine as a wh...