Silver Bullet Mines Corp. (TSX-V:SBMI, OTC:SBMCF) said mining activities at expected to commence at its wholly-owned Washington Mine property in Idaho within 120 days, subject to the availability of sufficient financing.
The company said the mine has potential not only as a significant silver producer but, based on its 2022 field program, also as a possible extension of the historical high-grade gold zone.
Silver Bullet said it is currently finalizing a budget for the property and site work for 2023, including the setup of the mining camp, hook up of the water supply, moving of equipment to the site, and building of structures to house the equipment.
The company also noted that it has engaged an underground mine contractor to carry out mining activities at Washington.
Further, the company said that it was recently able to physically access the property following a severe winter, during which the area received more than 150% of its normal snowfall.
Personnel were able to assess the condition of the mine and the roads leading to the mine and determined that while road repairs were required in some washed-out areas, otherwise the site was in good shape.
Permits have been received for the road repairs and work is ongoing, including the installation of a new culvert, and is expected to be completed within 30 days, Silver Bullet said.
Silver Bullet Mines is a silver and copper exploration and development company with projects in the western USA.
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