Silver Bullet Mines Corp. (TSX-V:SBMI, OTC:SBMCF) (SBMI) has updated on the latest processing campaign at its 125 tons per day (TPD) pilot plant, noting that over a recent four-day period from March 8 to March 13, 2023, the company processed mineralized vein material at its 100%-owned mill in Arizona, recovering concentrate that will be converted to dore bars and confirming that the recent mill modification was successful.
The resource junior said the mineralized material was taken from the vein structure in the upper adit behind the Treasure Room.
SBMI noted that it is producing an initial batch of dore bars to be sent to a third-party lab for analysis and to potential purchasers for their analysis.
READ: Silver Bullet Mines encounters further silver mineralization as it returns to processing material at its mill
It added that one dore bar has previously been sent to a potential purchaser for its analysis.
The company said to feed the mill it has accumulated a significant stockpile of mineralized material at the Buckeye Mine for transportation to the mill site.
Mining is ongoing in 150 ton (136 tonne) rounds, with four rounds per week, advancing at 12 feet (3.7 metres) per round, according to SBMI.
Furthermore, the company stated the next steps include increasing the tonnage being shipped from the Buckeye Mine to the mill, continuing mining of the historical higher grade zone, filling the outstanding order, sourcing other purchasers, and continuing to improve operational performance at the Buckeye Mine and at the mill.
SBMI also said its management reasonably believes it will be able to satisfy that increased order for the foreseeable future but to decrease risk it is currently in discussions with several additional potential purchasers.
Silver Bullet Mines has projects in the 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