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Silver Bullet Mines Corp. Assays 55.5 Oz/Ton Silver from a Bulk Sample at Its 100%-Owned Washington Mine in Idaho
Burlington, Ontario--(Newsfile Corp. - January 18, 2022) - Silver Bullet Mines Corp. (TSXV: SB...
About this update from Silver Bullet Mines Corp
[{"type":"text","content":"Silver Bullet Mines Corp. Assays 55.5 Oz/Ton Silver from a Bulk Sample at Its 100%-Owned Washington Mine in IdahoBurlington, Ontario--(Newsfile Corp. - January 18, 2022) - Silver Bullet Mines Corp. (TSXV: SBMI) ('SBMI' or 'the Company') is pleased to report excellent assay results from a bulk sample from its Washington Mine in Idaho (the 'Property'). The assay results from SBMI's own assay lab on site have been corroborated by a third-party accredited lab.\"The importance of these results cannot be overstated,\" said A. John Carter, the Company's CEO. \"These results support three important conclusions. First, they are in line with historical data, which increases our comfort level with using that data for guidance. Second, they show the Property is still mineralized with silver and gold. Third, and I think most importantly, it confirms that QA/QC processes both in our own lab and at the third-party lab return very similar results. This further validates our lab.\"The results are below. Lines 1, 2, 3 and 4 were processed in SBMI's lab in Arizona. Line 5 was processed by Paragon Geochemical, a third-party lab. These values are in oz/ton silver.Q1Q2Q3Q4         SBMI169.655.444.248.8SBMI268.855.443.051.6SBMI374.057.044.054.0SBMI470.456.844.251.4        Avg per Quarter70.756.243.951.5        Avg across all Quarters55.5Paragon570.167.150.046.6        Diff between SBMI & Paragon0.8%-16.2%-12.2%10.5% Paragon also assayed for gold, which across the four quarters returned 1.82g/t, 2.49g/t, 1.77g/t, and 1.4g/t respectively. SBMI did not assay for gold.As indicated above the SBMI average across all quarters was 55.5 oz/ton silver. This equates to over 1,902 g/t silver at a conversion rate of 34.285.SBMI collected the bulk sample from eight locations at the Property. The material from each of the eight locations was blended into an 80-kilogram bulk sample, with the result being crushed and quartered. Five kilograms of material was removed from each quarter and processed by SBMI as sixteen assays in total. Five kilograms of material was removed from each quarter and processed by Paragon as four assays.The Company intends to send the fourth quarter of the bulk sample for ore c...