Business
Silver Bullet Mines Updates on Washington Mine in Idaho and Updates Financing
Burlington, Ontario--(Newsfile Corp. - August 21, 2025) - Silver Bullet Mines Corp. (TSXV: SBMI) (OTCQB: SBMCF) ('SBMI' or 'the Company') provides an update of the ongoing summer field exploration program at its wholly owned Washington Mine in Idaho."The work and results in this phase of development coupled with the extraordinary results of previous work here leads us to believe the Washington Mine has the potential to again be a significant mine," said A. John Carter, the ...
About this update from Silver Bullet Mines Corp
[{"type":"text","content":"Burlington, Ontario--(Newsfile Corp. - August 21, 2025) - Silver Bullet Mines Corp. (TSXV: SBMI) (OTCQB: SBMCF) ('SBMI' or 'the Company') provides an update of the ongoing summer field exploration program at its wholly owned Washington Mine in Idaho.","length":276,"tagName":"p"},{"type":"text","content":""The work and results in this phase of development coupled with the extraordinary results of previous work here leads us to believe the Washington Mine has the potential to again be a significant mine," said A. John Carter, the Company's CEO.","length":256,"tagName":"p"},{"type":"text","content":"SBMI's geological team recently surveyed portions of the Union Patent which is part of the Washington Mine property, and has pinpointed the historical workings for what is believed to be the original high grade gold discovery. Panned samples were marked by a red hue, which appears to be associated with gold in this area, and may have been what the miners were looking for at the time of the discovery. Samples have been collected for assay. A trail has been brushed to the original discovery zone and detailed mapping has commenced.","length":538,"tagName":"p"},{"type":"text","content":"Down dip portions of the gold shoot are well documented to be in place (see the Stoker Report discussed numerous times in previous releases, with disclaimers). These may provide high priority drill targets to potentially outline the extension of the original high grade (purported to be 1 oz/ton gold) discovery from the early 1890's.","length":338,"tagName":"p"},{"type":"text","content":"The Subrosa Adit at the Washington Mine was historically reported to run 32 oz/ton (995.31 ppm) silver and .13 oz/ton (4.04 ppm) gold over 65 feet (Stoker Report). On May 1, 2025 SBMI announced it had exposed the Subrosa Adit at surface. A backhoe operator is on site opening the Subrosa Adit, which once opened and made safe could provide access to and enable sampling from the workings.","length":388,"tagName":"p"},{"type":"text","content":"The Stoker Report also refers to the Berger Vein and to the Lindgren Zone located roughly 250 to 300 feet east of the Berger Zone. On August 26, 2024 SBMI announced it had engaged a contract miner to expose the Berger Vein at surface. On May 1, 2025 the Company announced it had intercepted the...