Business
Silver Bullet Mines Sets Mining Schedule at Washington Silver Mine in Idaho and Updates Arizona Mine Operations
Burlington, Ontario--(Newsfile Corp. - August 26, 2024) - Silver Bullet Mines Corp. (TSXV: SBMI) ...
About this update from Silver Bullet Mines Corp
[{"type":"text","content":"Silver Bullet Mines Sets Mining Schedule at Washington Silver Mine in Idaho and Updates Arizona Mine OperationsBurlington, Ontario--(Newsfile Corp. - August 26, 2024) - Silver Bullet Mines Corp. (TSXV: SBMI) (OTCQB: SBMCF) ('SBMI' or 'the Company') is pleased to announce it has signed a contract with a contract miner (the \"Contract Miner\") for underground mining at the Washington Silver Mine in Idaho. The Contract Miner is highly experienced, has a long history of underground construction, and is ideally suited for working in high grade vein type structures like those expected to be worked at the Washington Mine.Details on the Washington Mine can be found in the Company's news release of August 2, 2024.Mining for silver at the Washington Mine is set to commence in the early fall of 2024 and is intended to continue through the winter of 24/25.The Company's initial plan is for the Contract Miner to drift roughly 80 feet into the structure, intercept the historical workings, and extract roughly 2500 tons of silver mineralized material. Management reasonably expects that material to have gold credits in it as well. The targetted zone is the zone from which a bulk sample was taken by a third party in the 1980s and returned values of 44 ounces per ton silver and .1 ounce per ton gold.The extracted material will be stockpiled at the Washington Mine site until sufficient quantities have been extracted for economic shipping and processing at a third party mill. The Company is evaluating several mills to determine their capabilities of processing the material from the Washington Mine on an economic basis. Relevant metallurgical test work was completed by Montana Technical Institute (CAMP) in 2022.SBMI has signed an agreement with another contractor to build the access ramp into the Washington Mine, to expose the surface structure of the Berger gold vein for future development, and to carry out other tasks to prepare the site for the Contract Miner. SBMI has begun improving the access road, for which it is permitted.SBMI is registered with the Idaho state mining department and has received its Mine Safety and Health Administration certification for the Washington Mine.In Arizona at the Buckeye Silver Mine, the lengthy process of ground support by way of rockbolting nears completion and mining from the higher grade Zone1 should commence i...