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Silver Bullet Mines Corp. Provides Update on The Buckeye Mine High Grade Gold, Platinum, and Palladium and Provides First Stage Check of Initial Assays Results
Burlington, Ontario--(Newsfile Corp. - March 2, 2023) - Silver Bullet Mines Corp. (TSXV: SBMI) (O...
About this update from Silver Bullet Mines Corp
[{"type":"text","content":"Silver Bullet Mines Corp. Provides Update on The Buckeye Mine High Grade Gold, Platinum, and Palladium and Provides First Stage Check of Initial Assays ResultsBurlington, Ontario--(Newsfile Corp. - March 2, 2023) - Silver Bullet Mines Corp. (TSXV: SBMI) (OTCQB: SBMCF) ('SBMI' or 'the Company'). Based on a review of the Company's technical disclosure by staff of the Ontario Securities Commission the Company is issuing the following update. On September 26, 2022 and October 18, 2022 the Company disclosed high-grade gold, platinum, palladium, rhodium, and osmium (the \"Bonus Materials\") results from the Buckeye Mine from the in initial lab.The Company has subsequently received results on or about January 17, 2023 from six referee/check samples submitted to another independent third-party lab (Activation Laboratories Inc. (Actlabs)) which puts these previously released assay results into question. These new results indicate an absence of gold, palladium, and platinum. Please see the table below.Assay ResultsActlabsCertificate No.Initial Lab (ppb)Actlabs (ppb)Sample No.Initial LabActlabsAuPdPtAuPdPtI3421752210001-11A22-186462290010400612< 5< 5I3421762210001-10A22-186463060013600703< 5< 5I3421772210001-1A22-186461460018900504< 55I3421782210001-12A22-18646817001590093< 2< 5< 5I3421792210001-8A22-186463180016009935< 5< 5I342180 (Duplicate)2210001-1A22-186461460018900172< 2< 5< 5I342181 (Standard)A22-1864688683581I342182 (blank)A22-18646< 2< 5< 5 Notes:1) Standard used for sample I342181 was CDN-PGMS-29 a certified reference material with expected values of Au (88 ppb), Pd (677 ppb), and Pt (550 ppb)2) Blank used for sample I342182 was barren silica material. Investors should not rely on the assay results previously reported by the Company on September 26, 2022 and October 18, 2022.In addition, the Company's November 3, 2022 news release indicated that assay results from samples of diabase at several locations near and in the Buckeye Silver Mine were received and were being considered and would be disclosed to the public as soon as possible. Based on six referee/check samples noted above, the Company does not intend to disclose these results as they are considered unreliable at this time.The Company has engaged and sent samples to another independent certified lab (Third Lab). The Thi...