Silver Bullet Mines Corp. (TSX-V:SBMI, OTC:SBMCF) has announced the imminent resumption of development of its Buckeye Silver Mine near Globe, Arizona.
The company said it plans to extract a bulk sample of mineralized material from the area of the mine known as the Treasure Room, located in the upper adit of the mine.
Prior to accessing the Treasure Room, screening and rock bolting of the adit is required pursuant to MSHA regulations, which should take around one week to complete, it estimated.
READ: Silver Bullet Mines updates on activity at Washington mine and Buckeye mine projects in western USA
Upon completion of the safety measures, work will start to extract mineralized material, and the company estimates that it should take two to three weeks to intercept the veins which it described in an announcement in March.
Mineralized material from the floor of the Treasure Room has previously been assayed and results previously reported.
Silver Mine has previously been able to process mineralized material from this source into dore bars and further mineralized material from this same source, once extracted, will be processed by the company's mill, the company stated.
In a recent site visit, the company’s consulting geologists Robert Komarechka and John Corkery examined and re-logged a portion of core drilled at the mine in 2017 and extracted samples from the core, from the upper adit of the mine and other parts of the Black Diamond Property.
These samples will be analyzed and the findings reported to the company, and subject to the conclusions, Komarechka and Corkery plan a further site visit to the Buckeye Silver Mine and the Black Diamond Property early in 2023.
Silver Bullet Mines is a silver and copper exploration and development company with projects in the western USA.
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