Peter Clausi of Silver Bullet Mines talks about its first silver production
Channel: InvestorCoffee
Date: 15/07/2022

In this InvestorIntel interview with host Tracy Weslosky, Silver Bullet Mines Corp.’s (TSXV: SBMI) VP Capital Markets and Director Peter Clausi announces that "yesterday we processed silver at our hundred percent owned mill. We are now in production."

In the interview, Peter tells Tracy that they are currently processing low grade ore from its Buckeye Silver Mine, but once they have optimized the process they will "start processing high grade ore, but until then we'll be producing a concentrate and some dore bars, and according to the CEO we already have interested parties interested in buying both the dore and the concentrate, so production equals revenue equals cash flow."

Peter continued that "the next step then would be to get the Idaho property into production" perhaps with a contract miner. "It's a very low risk, effective form of mining. In Idaho we have 120 000 tons of ore creating between 39 and 90 tons according to the historical reports, so we've got a fair bit of work to do there." But in the meantime, Peter says "we're in production."

About Silver Bullet Mines Corp.

Silver Bullet Mines Corp. is a silver and copper exploration and development company with projects in the western USA. Their flagship project is the Black Diamond, close to 5,000 acres in the Miami-Globe copper camp and centered on the Richmond Basin. The basin is the site of the original 1870s native silver discoveries that brought prospectors to the now significant Globe copper camp. The story goes that a scouting party was fired upon by Apache Indians using bullets made of hammered native silver. Thus inspiring the company name – Silver Bullet Mines. The Richmond Basin is the location of several historic high grade silver-copper mines including: McMorris, La Plata, Helena, Silver Sevens, Buckeye and numerous associated prospects. Little work or extraction came from this area since the early 20th century as the camp focused on big copper mines. But these mine anchor this section of what is called the Arizona Silver Belt that extends from the famous Silver King near Superior, AZ and parallels the trend of the major copper deposits including the Magma mine. They believe the high grade silver is still there waiting for discovery.

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This presentation may contain “forward-looking statements” within the meaning of applicable Canadian securities legislation. Forward-looking statements are based on the opinions and assumptions of the management of the Company as of the date made. They are inherently susceptible to uncertainty and other factors that could cause actual events/results to differ materially from these forward-looking statements. Additional risks and uncertainties, including those that the Company does not know about now or that it currently deems immaterial, may also adversely affect the Company’s business or any investment therein.

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