Silver Bullet Mines Corp. (TSX-V:SBMI, OTC:SBMCF) revealed that it continues to assay for high-grade gold and platinum group metals at its Buckeye Silver Mine in Arizona.
On September 26, 2022, Silver Bullet Mines disclosed it had found significant levels of palladium, platinum, rhodium, osmium, and gold in its concentrate.
To help identify with greater precision the location of the source of the metals, Silver Bullet Mines recently took samples directly from locations around the Buckeye Silver Mine and the company's mill site, including from crushed material, directly from the vein, from diabase samples from the wall rock and from tailings from the run of lower grade material.
WATCH: Silver Bullet Mines gets surprise with assay results showing Palladium at Buckeye Silver Mine
“In management's opinion, this round of results provides further strong evidence for the conclusion that the Buckeye Silver Mine may host economic amounts of platinum, rhodium, palladium, osmium and gold, in addition to the original silver targets,” said the company.
Silver Bullet Mines has engaged third-party engineers, metallurgists and geologists to assist in creating a new process flow sheet and in determining the nature of the mineralized material at the Buckeye Silver Mine.
The Burlington, Ontario-based silver and copper exploration and development company noted that the management team has also had “positive preliminary discussions with potential financiers, pending the delivery of the flow sheet and a rough budget”, according to the company.
Investors can find the comprehensive assay results in table form here.
Silver Bullet Mines has projects in western United States. 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 the author Uttara Choudhury at uttara@proactiveinvestors.com
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