Silver Bullet Mines Corp. (TSX-V:SBMI, OTC:SBMCF) (SBMI) said it has intercepted the targeted vein behind the historical Treasure Room at its Buckeye Silver Mine in Arizona.
The resource projects developer said the interception occurred on schedule and within the company’s budget, while the material being removed is being deposited in specific locations for future evaluation.
SBMI noted that it next intends to drift along the vein to an area believed to contain higher-grade mineralization, believing this target area to be about 200 feet from where the company recently intercepted the vein.
READ: Silver Bullet Mines announces imminent resumption of development of its Buckeye Silver Mine in Arizona
The company added that it intends to carry out multiple daily assays of the removed materials at the assay facility at its mill site.
As well, SBMI said the mill is ready to recommence processing immediately upon receipt of mineralized material from Buckeye, while noting that the assay results are intended to inform the geologic team and not all such results will be disseminated.
Silver Bullet Mines has projects in western US. The company’s flagship Black Diamond project is in Gila County, Arizona in the Miami-Globe copper camp and is centered on the Richmond Basin. The property covers nearly 5,000 acres and is host to several past-producing underground primary silver mines.
Contact Sean at sean@proactiveinvestors.com