Burlington, Ontario – January 17, 2023 (Newsfile Corp.) (Investorideas.com Newswire) Silver Bullet Mines Corp. (TSXV: SBMI) (OTCQB: SBMCF) (‘SBMI’ or ‘the Firm’) is happy to announce it has intercepted the focused vein, behind the historic Treasure Room at its Buckeye Silver Mine. This interception occurred on schedule and inside SBMI’s funds. To intercept the vein SBMI rehabilitated, prolonged, screened and bolted the higher improvement drift. The fabric being eliminated is being deposited in particular areas for future analysis.
SBMI subsequent intends to float alongside the vein to an space believed to comprise larger grade mineralization (see web page 8 of the Geologic Report dated January 8, 2021). The Firm believes this goal space to be roughly 200 toes from the place SBMI lately intercepted the vein.
SBMI intends to hold out a number of every day assays of the supplies referred to above at its assay facility at its millsite. The mill is able to recommence processing instantly upon receipt of mineralized materials from the Buckeye. The assay outcomes are supposed to tell the geologic group and never all such outcomes might be disseminated.
In its December 15, 2022 press launch, SBMI suggested third social gathering geologic consultants could be offering the Firm with a report together with observations, feedback, and suggestions, based mostly upon their November 29 – December 14, 2022 website go to to Arizona. They inspected the third-party impartial lab used for pattern testing, visited the Buckeye Mine website, visited the Firm’s millsite, and visited the Black Copper and Helena occurrences, each of that are located on SBMI’s Black Diamond property and are referred to within the January, 2021 Geologic Report.
These geologic consultants additionally carried out a quick preliminary re-inspection of NQ core drilled on the Buckeye Mine by a earlier optionee. This re-inspection has revealed coarse grained gabbronorite phases containing magnetite disseminations and skinny bands inside an space beforehand mapped as diabase. Small intervals containing olivine phenocrysts have been additionally famous. These rocks could have potential for PGM mineralization. Additional examination is being undertaken on these in situ rocks, the core, the Black Copper and the Helena occurrences. Samples from every has been despatched to a third-party accredited lab for evaluation and additional work is ongoing. The Firm can discover no proof of any PGM testing having beforehand been undertaken on this core or the rock labelled as diabase.
Lastly, contact with numerous mineralogical and geochemical labs is ongoing to resolve metallurgical and refractory points encountered whereas making an attempt to pour dore bars from the Buckeye Mine materials.
Mr. Robert G. Komarechka, P.Geo., an impartial marketing consultant, has reviewed and verified SBMI’s work referred to herein, and is the Certified Individual for this launch.
For additional data, please contact:
Silver Bullet Mines Corp., CEO
+1 (905) 302-3843
Peter M. Clausi
Silver Bullet Mines Corp., VP Capital Markets
+1 (416) 890-1232
Cautionary and Ahead-Trying Statements
This information launch comprises sure statements that represent forward-looking statements as they relate to SBMI and its subsidiaries. Ahead-looking statements will not be historic details however characterize administration’s present expectation of future occasions, and might be recognized by phrases reminiscent of “consider”, “expects”, “will”, “intends”, “plans”, “tasks”, “anticipates”, “estimates”, “continues” and related expressions. Though administration believes that the expectations represented in such forward-looking statements are cheap, there might be no assurance that they are going to show to be appropriate.
By their nature, forward-looking statements embrace assumptions, and are topic to inherent dangers and uncertainties that might trigger precise future outcomes, situations, actions or occasions to vary materially from these within the forward-looking statements. If and when forward-looking statements are set out on this new launch, SBMI will even set out the fabric threat components or assumptions used to develop the forward-looking statements. Besides as expressly required by relevant securities legal guidelines, SBMI assumes no obligation to replace or revise any forward-looking statements. The longer term outcomes that relate to forward-looking statements could also be influenced by many components, together with however not restricted to: the impression of SARS CoV-2 or another world pathogen; reliance on key personnel; the thoroughness of its QA/QA procedures; the continuity of the worldwide provide chain for supplies for SBMI to make use of within the manufacturing and processing of mineralized materials; shareholder and regulatory approvals; actions and attitudes of communities native to the placement of the SBMI’s properties; dangers of future authorized proceedings; revenue tax issues; fires, floods and different pure phenomena; the speed of inflation; availability and phrases of financing; distribution of securities; commodities pricing; foreign money actions, particularly as between the USD and CDN; impact of market rates of interest on worth of securities; and, potential dilution. SARS CoV-2 and different potential world pathogens create dangers that right now are immeasurable and unattainable to outline.
The Issuer has not based mostly its manufacturing choice on present assets or the outcomes of a pre-feasibility examine of mineral assets to determine mineral reserves demonstrating technical and financial viability. Vital uncertainty exists on the presence of any financial mineable materials.
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