In this InvestorIntel interview, host Tracy Weslosky talks to Silver Bullet Mines Corp.’s (TSXV: SBMI) VP Capital Markets and Director Peter Clausi about the unique approach that allowed it to rapidly move directly to silver production and its first purchase order.
In the interview, which can also be viewed in full on the InvestorIntel YouTube channel (click here to access InvestorChannel.com), Peter tells Tracy about what makes Silver Bullet unique: “We made a production decision in May of 2020 that we could get this into production without a PEA, without a Feasibility Study. We don’t need a resource estimate – just go do it.” He explains that CEO John Carter “is a process guy who has built over a hundred mills and processing facilities around the world,” and that allowed them to build “a fully functional 125 tons per day mill” for Silver Bullet for less that $3 million.
Peter also talks about Silver Bullet’s unique approach to providing silver ore to its mill: “You can follow the vein. We have not had to drill. Drilling is expensive. All we’ve done is follow the vein, so at the Buckeye Silver Mine we’ve pulled ore. We processed the low-grade material to get the mill working correctly, and as of last week the mill is working perfectly, so we’re processing the higher grade material now and we’re going to generate revenue and cash flow.”
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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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