Silver Bullet Mines to resume development of Buckeye

Dec 15, 2022

2022-12-15 15:28 ET – News Release

Mr. John Carter reports

SILVER BULLET MINES TO RESUME DEVELOPMENT OF BUCKEYE SILVER MINE AND UPDATE ON PGM

Silver Bullet Mines Corp. will imminently resume development of its Buckeye silver mine near Globe, Ariz.

Silver Bullet plans to extract a bulk sample of mineralized material from the area of the Buckeye silver mine known as the Treasure Room, described in a press release of March 1, 2022, located in the upper adit of the Buckeye silver mine. Prior to accessing the Treasure Room, screening and rock bolting of the adit are required pursuant to Mine Safety and Health Administration regulations, which the company estimates should take approximately one week to complete.

Upon completion of the safety measures, Silver Bullet intends to commence work to extract mineralized material, and the company estimates that it should take two to three weeks to intercept the veins described in the press release of March 1, 2022. Mineralized material from the floor of the Treasure Room has previously been assayed and results previously reported (March 1, 2022). The company has previously been able to process mineralized material from this source into dore bars. Further mineralized material from this same source, once extracted, will be processed by the company’s mill.

Silver Bullet also advises that on a recent site visit to the Buckeye silver mine and the Black Diamond property, the company’s consulting geologists Robert Komarechka and John Corkery examined and relogged a portion of core drilled by a prior optionee at the Buckeye silver mine in 2017 (press release of Dec. 8, 2022), and extracted samples from the core, from the upper adit of the Buckeye silver mine, and from other parts of the Black Diamond property. Blanks and standards were added, and all samples have been sent to a division of Actlabs for analysis for platinum group metals.

Mr. Komarechka and Mr. Corkery will be providing the company with a report, including observations, comments and recommendations, and subject to results of assays, to plan a site visit to the Buckeye silver mine and the Black Diamond property early in 2023.

We seek Safe Harbor.

https://www.silverbulletmines.com/