Silver Bullet Mines Corp. (TSX-V:SBMI, OTC:SBMCF) has issued an operational update on its Arizona activities, noting that its mill has been running at optimal efficiency processing mineralized material from lower-grade stockpiles of vein material.
The mill has been operating on a single shift of ten hours per day at its rated capacity with no major issues with the lower-grade stockpiles, the company said. Higher-grade material from the mine is expected to be introduced as it arrives at the mill.
Going forward, the plan is to increase the operating hours by adding another shift, which should happen as the mill crew becomes more familiar with the running of the mill and is able to onboard a second shift, the company said.
Thus far, the mill has processed approximately 350 tons of vein material over the last seven days and produced 418 pounds of both magnetic and non-magnetic concentrates from the concentrating table.
From the 418 pounds of concentrate, roughly 226 pounds of iron alloy were removed using a magnetic separation circuit, to remove the material which may host some silver, gold, and platinum group elements, the company said. This material is retained for future processing to recover any potential precious metals.
The company believes this material could be gold, given its location on a shaker table, given that gold's specific gravity is higher than silver's and copper's.
Meanwhile, the 192 pounds of non-magnetic material was moved to the company's refinery where dore bars are poured. These dore bars contain silver and minor amounts of gold, copper, nickel and other metals.
Contact Andrew Kessel at andrew.kessel@proactiveinvestors.com
Follow him on Twitter @andrew_kessel