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Tapping his toes to silver, Ecclestone hums the 3 P’s from the old school mining hymnbook

New silver mines appearing on the scene are not a daily occurrence or even a regular happening. The silver price made a quantum leap from being rangebound for many years in the low to mid-teens to the low to mid-twenties (and now back below $20) and yet there has not been a concomitant surge in new mine openings. Too many players want to mine the story rather than mine the metals. This is not the case with Silver Bullet Mines Corp. (TSXV: SBMI | OTCQB: SBMCF) that are advancing not one but two mines to production at the current moment.

They are singing out of our preferred hymnbook with the Three Ps (production, production, production) being their mantra and spending the money that would otherwise be going on endless consultants’ reports on actually advancing the mine builds.

The Assets

The company has four principal assets, of which two are in development. These are the Buckeye, McMorris, & Silver Sevens mines in Arizona, the Washington mine in Idaho, the Lone Mountain & Ophir Canyon projects in Nevada and the Black Copper & Richmond (Richman) Basin Deposits in Arizona.

The producing project is Buckeye (which started production in the last two months) while the (imminent) development project is the Washington Mine in Idaho.

Miners with a Philosophy

Management at Silver Bullet do not mince their words. SBMI’s management has stated clearly that they do not intend to spend capital on a third-party resource estimate or Preliminary Economic Analysis for the Buckeye Silver Mine. In the company’s opinion, given the nature of the known mineralization, the extensive historical third-party documentation, and the leadership team’s direct experience at Buckeye, a third-party resource estimate or PEA would be prohibitively expensive to have written without actually advancing the Company’s knowledge of the Buckeye. “This is old school mining,” in the words of the CEO John Carter, “and for this project, it’s the right way. Producing from 6-foot wide silver veins is not your standard mining opportunity, which means it requires a non-standard approach. Here, we believe the right approach is to carry out our own internal economic analysis.”

On Silver

While silver has slipped back under $20 we would expect it to clamber back above that level as the market gets its head in order and swings back towards hard assets (i.e. metals) and away from the frou-frou of Tech Unicorns.

Earnings

Having a bottom line is a rare phenomenon for a junior we know. Most of them run from earnings as if they are toxic waste. The recent retreat in silver means our expectations of even two months ago need a reality check, but even at current levels, one should expect earnings from Buckeye of around US$3 million in a full year. If silver returns to $23 per oz then earnings will be ~US$6 million.

Nothing Succeeds like Success

The success of this strategy shall soon be measurable with Buckeye producing, extraction of ore at the Washington mine in Idaho, and then assessment of the potential at McMorris to do the same. There are few junior developers with two, let alone three, silver mines in production.

The company will have gone from a listing in late 2021, to production at Buckeye in less than nine months. Few miners have been able to go from starting gun to revenues in such a short timeframe. This is not to say that there won’t be hiccups as we know in mining there is many an unexpected pitfall (literal or metaphorical). The market will thus be all the more surprised to see revenues so swiftly appear.




InvestorIntel Week in Review for July 11-17, 2022

Meeting with Jack Lifton and Stephen Lautens later today to discuss a Critical Minerals Summit this Fall. As we continue to work with global leaders in this sector, finding a way to share the data we secure on the ESG and Critical Minerals sector is a priority for our readership and audience always ready to be first to market with the benefits of our investor intelligence.

Speaking of intelligence, may I graciously recommend that you watch this interview I did with Cam Currie, who is a Sr Investment Advisor with Canaccord Genuity Wealth Management and the Principal for the Currie Metals and Mining Group that was published early morning Click Here. Seriously, before you enter the market seas today, grab onto this Baywatch lifeguard and hear his advice —- he offers to save us from the stagflation undercurrents with some real advice (Tip: #gold, #basemetals, and #preciousmetals).

Would like to thank our friends at Silver Bullet Mines on announcing the production of silver last week. It did not escape notice to me in reviewing the Top 10 items that are Trending for our last 30-days that someone is looking up #scandium and #ImperialMining (see #6 and #7)….

Top 10 Trending on InvestorIntel.com

  1. DoD awards Australia’s Lynas $120 million to build a heavy rare earths facility in the USA: I have questions https://bit.ly/3bqMHqX (June 28, 2022 – Editor, Jack Lifton)
  2. Dev Randhawa of Fission 3.0 talks about US reliance on Russian uranium https://bit.ly/3yi2Zv6 (June 23, 2022 – Interview Host, Tracy Weslosky)
  3. Byron W King talks to Energy Fuels and Ur-Energy about ramping up US uranium production https://bit.ly/3u0oLRn (June 24, 2022 – Interview Host, Byron W King)
  4. The Critical Minerals List is Becoming More Critical https://bit.ly/3a2XIOy (June 27, 2022 – Editor, Robert Scannell)
  5. Gold company Presidents and CEOs talk about the return of gold investments and investors https://bit.ly/3y0scZt (June 27, 2022 – Interview Host, Stephen Lautens)
  6. Peter Cashin of Imperial Mining talks about scandium’s importance and the need for domestic supply https://bit.ly/3yc3kzx (June 22, 2022 – Interview Host, Byron W King)
  7. Peter Cashin on the “earth shattering” PEA for Imperial Mining’s Crater Lake Scandium-REE deposit https://bit.ly/3n5CouN (June 21, 2022 – Interview Host, Tracy Weslosky)
  8. The Uranium Bull in the Room – Why the Excitement is Back https://bit.ly/3Ngjc8p (June 23, 2022 – Interview Host, Tracy Weslosky)
  9. Tungsten – the other critical metal and a way to play it https://bit.ly/3IK8B4S (July 1, 2022 – Editor, Byron W King)
  10. Jack Lifton talks with Dr. Anthony Mariano, “the most senior rare earths geologist on the planet” https://bit.ly/3yr7fIT (June 28, 2022 – Interview Host, Jack Lifton)

Other InvestorIntel Interviews published last week for your viewing enjoyment include:

  • July 15, 2022 – Peter Clausi of Silver Bullet Mines talks about its first silver production https://bit.ly/3citw2X
  • July 15, 2022 – Pierre Gauthier of Auxico Resources talks about recent off-take agreements and rare earths trades https://bit.ly/3cbRpZT

And in case you missed some of our InvestorIntel Feature Columns, I must confess that my personal favorite was the one done by Dean Bristow on the new S&P/TSX Battery Metals Index.

  1.  With a new PEA Search Minerals’ rare earths projects deserve a serious look https://bit.ly/3zarye2
  2. The new S&P/TSX Battery Metals Index – what were they thinking? https://bit.ly/3P9nbFA
  3. Graphite: The Top 5 North American Players to Watch https://bit.ly/3z11Kkg
  4. Friedland likes Fjordland’s chances of finding nickel https://bit.ly/3aw8UDP
  5. InvestorIntel Week in Review for July 4-10, 2022 https://bit.ly/3nW0VTu
  6. The Secret that Elon Musk and Twitter Share https://bit.ly/3P0Ou4H

I always start my Monday by reviewing some of the ii8 System client news releases for the week prior to today. If you see below, we had news from Imperial Mining – must call Peter Cashin for an interview….

 News Releases:

  •  July 18, 2022 – Zentek Files a Provisional Patent on the use of ZenGUARD(TM) as an Anti-Inflammatory Agent https://bit.ly/3PiFrMC
  • July 18, 2022 – Volcanic Presents Update on Plans for Guatemala and Proposes Extension of Previously Issued Share Purchase Warrants https://bit.ly/3IMAJEy
  • July 15, 2022 – Bald Eagle Announces Results of its Annual General and Special Meeting of Shareholders https://bit.ly/3odzjJU
  • July 15, 2022 – Romios Announces Appointment of Stephen Burega as CEO https://bit.ly/3IVAM13
  • July 15, 2022 – Awakn Life Sciences Provides a Business and Corporate Update https://bit.ly/3B0zNKG
  • July 14, 2022 – Nano One Annual General Meeting and Investor Update https://bit.ly/3Odsr9I
  • July 14, 2022 – Sixth Wave Commercializes Affinity(TM) System with $3.5M License to AESI https://bit.ly/3yEUARl
  • July 14, 2022 – Further Outstanding Drill Results achieved at Halleck Creek Rare Earth Project https://bit.ly/3AOlZmw
  • July 13, 2022 – Silver Bullet Mines Corp. Produces Silver https://bit.ly/3z4cSx2
  • July 13, 2022 – Azincourt Energy Identifies Uranium Enrichment at the East Preston Project https://bit.ly/3yAKHUH
  • July 12, 2022 – Silver Bullet Mines Corp. Announces Settlement of Debt https://bit.ly/3o23ROB
  • July 12, 2022 – Westward Gold Announces its Inaugural Drill Campaign is Nearing Completion https://bit.ly/3RuTdgA
  • July 12, 2022 – Imperial Mining Increases Scandium and Rare Earth Recoveries on Its Crater Lake Development Project, Quebec https://bit.ly/3NYOlxy
  • July 12, 2022 – Ucore Upscales its REE Demo Plant Capabilities and Streamlines the RapidSX Commercial Deployment Plan https://bit.ly/3O0dKXD
  • July 12, 2022 – Troilus Reports Metallurgical Recoveries of 95.5% Gold, 95.9% Copper and 92.8% Silver From Zone Z87 Pilot Plant Test Program https://bit.ly/3O1RVHd

Wishing everyone an outstanding week and thank you for reviewing my Week in Review. To follow me on Twitter, go to @TracyWeslosky.




Peter Clausi of Silver Bullet Mines talks about its first silver production

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, which can also be viewed in full on the InvestorIntel YouTube channel (click here), 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.”

To access the full InvestorIntel interview, click here

Don’t miss other InvestorIntel interviews. Subscribe to the InvestorIntel YouTube channel by clicking here.

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.

To know more about Silver Bullet Mines Corp., click here

Disclaimer: Silver Bullet Mines Corp. is an advertorial member of InvestorIntel Corp.

This interview, which was produced by InvestorIntel Corp., (IIC), does not contain, nor does it purport to contain, a summary of all the material information concerning the “Company” being interviewed. IIC offers no representations or warranties that any of the information contained in this interview is accurate or complete.

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.

Any projections given are principally intended for use as objectives and are not intended, and should not be taken, as assurances that the projected results will be obtained by the Company. The assumptions used may not prove to be accurate and a potential decline in the Company’s financial condition or results of operations may negatively impact the value of its securities. Prospective investors are urged to review the Company’s profile on Sedar.com and to carry out independent investigations in order to determine their interest in investing in the Company.

If you have any questions surrounding the content of this interview, please contact us at +1 416 792 8228 and/or email us direct at info@investorintel.com.




Industry experts talk about silver’s bright future on InvestorIntel’s PDAC 2022 Panel Series

In this InvestorIntel PDAC 2022 Panel on “Silver, The Technology Metal & Market”, host Chris Thompson is joined by Critical Minerals Corner co-host & InvestorIntel columnist Byron W King, Silver Bullet Mines Corp.’s (TSXV: SBMI) VP Capital Markets and Director Peter Clausi, Bald Eagle Gold Corp.‘s (TSXV: BIG) CEO and Director Chris Paul, and Volcanic Gold Mines Inc.’s (TSXV: VG) Founder, Director, President and CEO Simon Ridgway, to talk about the past and future importance of silver as both an investment and industrial metal.

In the video, which can also be viewed in full on the InvestorIntel YouTube channel (click here), Byron W King leads off with the observation that “just as there’s not enough copper in the world to run all the wires, there’s not enough silver in the world for all the electronics that the world has planned for itself.” Chris Paul, CEO of Bald Eagle Gold says that there is a “dash for cash” right now, but “investors looking for more leverage are going to look at silver which typically will outperform gold in times like this.”

Silver Bullet Mines’ Peter Clausi discusses how the market has disconnected from traditional gold-silver price ratios. Simon Ridgway of Volcanic Gold Mines sees this an an opportunity creating “a better upside in silver than everything gold”, because “silver is also now not just an investment metal but it’s a battery metal so to speak, so I think there’s a better upside in silver than there is in gold. You can see silver doubling –  you can’t see gold double.”

The panel also discusses the current state of silver exploration and discoveries, and the challenges facing silver companies including working in silver-rich jurisdictions, ESG, and forging good relationships with local populations.

To access the full InvestorIntel interview, click here

Don’t miss other InvestorIntel videos. Subscribe to the InvestorIntel YouTube channel by clicking here.

About Bald Eagle Gold Corp.

Bald Eagle Gold Corp. is a junior mining company focused on the exploration and development of the Hercules Silver Project, northwest of Cambridge, Idaho. The Company’s management team brings extensive and successful international experience with a focus on identifying and acquiring prospective and under-explored precious metals properties worldwide. The board of directors have an established track record of creating significant returns for investors and have demonstrated access to capital to advance the development of assets.

To learn more about Bald Eagle Gold Corp., click here

About Silver Bullet Mines Corp.

Silver production is imminent at Silver Bullet’s Buckeye Silver Mine, in Arizona. Only 63M shares outstanding, with 29M in escrow. The company owns its own mill, giving it great control over its costs.

To learn more about Silver Bullet Mines Corp., click here

About Volcanic Gold Mines Inc.

Volcanic brings together an experienced and successful mining, exploration and capital markets team focused on building multi-million-ounce gold and silver resources in underexplored countries.  Through the strategic acquisition of mineral properties with demonstrated potential for hosting gold and silver resources, and by undertaking effective exploration and drill programs, Volcanic intends to become a leading gold-silver company.

To learn more about Volcanic Gold Mines Inc., click here

Disclaimer: Bald Eagle Gold Corp., Silver Bullet Mines Corp. and Volcanic Gold Mines Inc. are advertorial members of InvestorIntel Corp.

This interview, which was produced by InvestorIntel Corp., (IIC), does not contain, nor does it purport to contain, a summary of all the material information concerning the “Company” being interviewed. IIC offers no representations or warranties that any of the information contained in this interview is accurate or complete.

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.

Any projections given are principally intended for use as objectives and are not intended, and should not be taken, as assurances that the projected results will be obtained by the Company. The assumptions used may not prove to be accurate and a potential decline in the Company’s financial condition or results of operations may negatively impact the value of its securities. Prospective investors are urged to review the Company’s profile on Sedar.com and to carry out independent investigations in order to determine their interest in investing in the Company.

If you have any questions surrounding the content of this interview, please contact us at +1 416 792 8228 and/or email us direct at info@investorintel.com.




InvestorIntel is digging for stories at PDAC 2022

PDAC 2022 is underway, and InvestorIntel is one of the media sponsors at the world’s largest mining and exploration convention. We are busy looking for new stories and meeting old friends at the first in-person PDAC since 2020.

Monday through Wednesday (June 13-15), InvestorIntel is conducting exclusive interviews with industry leaders, presidents and CEOs of some of the most interesting silver, gold, rare earths, uranium and other critical materials companies.

On Monday our first panel was Rare Earths, Sustainability & Meeting the EV Market Demand hosted by InvestorIntel CEO and Founder Tracy Weslosky with panelists Mark Chalmers, President and CEO of Energy Fuels Inc. (NYSE American: UUUU | TSX: EFR) and Constantine Karayannopoulos, President, CEO and Director of Neo Performance Materials Inc. (TSX: NEO).

Our next panel discussion was hosted by Chris Thompson of eResearch on Silver, The Technology Metal & Market with Byron W. King, InvestorIntel columnist, Bald Eagle Gold Corp.‘s (TSXV: BIG) CEO Chris Paul, Silver Bullet Mines Corp.‘s (TSXV: SBMI) VP Capital Markets and Director Peter Clausi, and Simon Ridgway, Founder, Director, President and CEO of Volcanic Gold Mines Inc. (TSXV: VG).

To finish off Monday’s schedule, InvestorIntel columnist and renowned critical materials expert Byron W. King, led a panel discussion on Building the EV Material Supply Chain with Appia Rare Earths & Uranium Corp.‘s (CSE: API | OTCQB: APAAF) President Frederick Kozak, Search Minerals Inc.‘s (TSXV: SMY | OTCQB: SHCMF) President, CEO, and Director Greg Andrews, Avalon Advanced Materials Inc.’s (TSX: AVL | OTCQB: AVLNF) President, CEO and Director, Don Bubar, and Vital Metals Limited‘s (ASX: VML | OTCQB: VTMXF) Managing Director, Geoff Atkins.

If you are at PDAC, be sure to visit the InvestorIntel media studio on Level 700.




Peter Clausi on Silver Bullet Mines assay results and oversubscribed financing

In this InvestorIntel interview with host Chris Thompson, Silver Bullet Mines Corp.’s (TSXV: SBMI) VP Capital Markets and Director Peter Clausi provides an update on the recent assay results from Silver Bullet Mines’ Buckeye Mine in Arizona which returned values as high as 24,226 g/t silver.

In the interview, which can also be viewed in full on the InvestorIntel YouTube channel (click here), Peter Clausi talks about the production timeline for the Buckeye Silver Mine with pilot silver production anticipated within 2 months. Peter also talks about Silver Bullet Mines’ recently closed financing which was significantly oversubscribed, and provides an update on Silver Bullet Mines’ high-grade past-producing Washington gold-silver mine in Idaho.

Don’t miss other InvestorIntel interviews. Subscribe to the InvestorIntel YouTube channel by clicking here.

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.

To know more about Silver Bullet Mines Corp., click here

Disclaimer: Silver Bullet Mines Corp. is an advertorial member of InvestorIntel Corp.

This interview, which was produced by InvestorIntel Corp., (IIC), does not contain, nor does it purport to contain, a summary of all the material information concerning the “Company” being interviewed. IIC offers no representations or warranties that any of the information contained in this interview is accurate or complete.

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.

Any projections given are principally intended for use as objectives and are not intended, and should not be taken, as assurances that the projected results will be obtained by the Company. The assumptions used may not prove to be accurate and a potential decline in the Company’s financial condition or results of operations may negatively impact the value of its securities. Prospective investors are urged to review the Company’s profile on Sedar.com and to carry out independent investigations in order to determine their interest in investing in the Company.

If you have any questions surrounding the content of this interview, please contact us at +1 416 792 8228 and/or email us direct at info@investorintel.com.




From Junior to Producer as fast as the Lone Ranger with a Silver Bullet

There are some occasions where digging deep into regulatory filings and doing your due diligence on a company can be downright entertaining. Not to take any significance away from ringing the bell to open the TSX yesterday, but Silver Bullet Mines Corp. (TSXV: SBMI) actually has a traceable history to the Lone Ranger and his calling card, the silver bullet. For those not familiar with the legend of the Lone Ranger, he was a fictional masked former Texas Ranger who fought outlaws in the American Old West with his Native American friend, Tonto. The character has been called an enduring icon of American culture, portrayed on radio, television, books and film. So before we take a look at the investment thesis for Silver Bullet Mines I’m going to take you on a trip through history with respect to their flagship asset, the Black Diamond Project in Arizona.

It all begins in Texas in 1868 with the Chilson family starting West to settle in California with cattle to exchange for land. By the time they reached Arizona, they were barely alive with all their cattle, provisions, and horses stolen by the Comanche Indians. They were grateful to be alive and were given refuge by Colonel King Wolsey on his ranch next to the Gila River Southwest of current-day Phoenix. Wolsey told the family a story of his scouting party that had a skirmish with a group of Apaches and discovered they were being fired upon with hammered silver bullets. The site was said to be about 12 miles (19.3 km) north of present-day Globe, Arizona near Apache Peaks. Six years later, one of the Chilson sons recalled the tale and sought to find the source of the Apaches’ silver bullets. He headed the 12 miles north to Apache Peaks where he found native and horn silver nuggets in a basin near the peak. He also spotted Apache Indians later that day and returned quickly to Globe after staking the initial claim.

Members of the current Silver Bullet team acquired the subsequent mine and surrounding mining claims from a Globe, Arizona resident in 1984. The paperwork for the property is said to have included a letter from Francis Striker, the original writer of the Lone Ranger radio series, and addressed to the former owners of the mining claims requesting permission to incorporate the high-grade silver mine and the silver bullet story into the Lone Ranger Series. Mr. Striker actually visited the mine when it was still in operation and was astounded by the native silver he observed being mined there. I think this is all pretty fascinating and one of the benefits of doing a little extra homework when reviewing a company. But an entertaining story doesn’t make an investor money unless Silver Bullet has some legacy rights to the Lone Ranger copyright, which they don’t, so we’ll move on.

Silver Bullet Mines Corp. has only been trading publicly since December 6, 2021 and upon listing released an operational update. With respect to the Black Diamond Project, covering 4,900 acres and hosting five former producing silver mines, the Company announced plans to put the Buckeye Silver Mine in pilot production in Q1/22, followed by full-scale production; finalize plans to have the McMorris Silver Mine back in production within 24 months; and carry out exploration programs elsewhere on Black Diamond to enable a decision on the order in which the remaining former producers will be put back in production. Then last week the Company announced they had begun extracting mineralized material from its Buckeye Silver Mine with the intention to produce an initial total of 10,000 tonnes of mineralized material at a rate of 125 tonnes per day. All of this will occur at Silver Bullet’s wholly-owned, state-of-the-art, modular pilot plant. The plant is designed to maximize the recovery of both gold and silver, although its modular nature means it can be adjusted to recover other metals. This is important as the Company also plans to investigate Black Diamond’s potential to host a copper porphyry.

The commissioning of the pilot plant will put Silver Bullet in the enviable position of being a junior mining company with the ability to actually generate free cash flow, thus reducing the number of potential financings required while continuing to build a resource. And where this gets exciting is that there is another 100% owned property that has had some truly spectacular results already. The Washington Mine on patented lands in the prolific placer gold district in Idaho (I’m not sure what the story behind this confusing naming is but I bet it’s not as interesting as the Lone Ranger story), has recently reported an average of 55.5 oz/ton silver (1,902 g/t) from an 80-kilogram bulk sample. On December 15, 2021 the Company announced 6,174 g/t silver and 18 g/t gold at its Washington Mine from sampling on the property.

As a potential investor, you have a lot of moving parts to keep an eye on, but that’s a good thing in this situation. The Company has a current market cap of C$23 million. If Silver Bullet can start generating free cash flow and self-finance future resource expansion, the current shares outstanding of 55.4 million won’t grow by very much. And to quote the Lone Ranger Creed, Silver Creek Mines “should make the most of what equipment they have”.




Analyst Chris Thompson on eResearch’s Initiation Report on Silver Bullet Mines Inc. (TSXV: SBMI)

In a recent InvestorIntel interview, Tracy Weslosky spoke with Chris Thompson, President of eResearch Corp. about his 45-page Initiation Report on Silver Bullet Mines Inc. (TSXV: SBMI).

In this InvestorIntel interview, which may also be viewed on YouTube (click here to subscribe to the InvestorIntel Channel), Chris Thompson provided an update on Silver Bullet Mines silver assets located in a safe jurisdiction of Arizona, USA which is the source of the legendary Lone Ranger’s silver bullets, made of hammered native silver. In the interview, Chris highlighted the opportunity arising out of the near-term cash flow potential of Silver Bullet Mines as they progress towards the restart of production at their Buckeye Silver Mine in Q1/2022.

To watch the full interview, click here.

About eResearch Corporation

eResearch Corporation is a respected source for institutional-quality, equity research focused primarily on small- and mid-cap companies. The focus is on identifying companies that have interesting prospects, sound management, and significant potential for share price appreciation. The company complements its corporate research coverage with a diversified selection of informative, insightful, and thought-provoking research publications from a wide variety of investment professionals. The professional investment research and analysis is provided directly to the subscriber network of discerning investors, and electronically through its website, www.eresearch.com.

About Silver Bullet Mines Inc. 

Silver Bullet Mines Inc. 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 mines 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.

To learn more about Silver Bullet Mines Inc., click here

Disclaimer: Silver Bullet Mines Inc. is an advertorial member of InvestorIntel Corp.

This interview, which was produced by InvestorIntel Corp. (IIC) does not contain, nor does it purport to contain, a summary of all the material information concerning the “Company” being interviewed. IIC offers no representations or warranties that any of the information contained in this interview is accurate or complete.

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.

Any projections given are principally intended for use as objectives and are not intended, and should not be taken,  as assurances that the projected results will be obtained by the Company. The assumptions used may not prove to be accurate and a potential decline in the Company’s financial condition or results of operations may negatively impact the value of its securities. Prospective investors are urged to review the Company’s profile on Sedar.com and to carry out independent investigations in order to determine their interest in investing in the Company.

If you have any questions surrounding the content of this interview, please contact us at +1 416 792 8228 and/or email us direct at info@investorintel.com.




Silver Bullet Mines, Newly Listed, has past high-grade producer, Buckeye Silver Mine, re-opening in Q1 2022

It is well known in the mining industry that the old timers did not get all the gold and silver at their past producing mines. Modern day miners have the advantage of sophisticated equipment that is better able to find and track zones of mineralization. With that in mind, today’s company owns 5 past producing silver mines in Arizona, a former producer in Idaho on patented lands, and a greenfield site in Nevada.

Silver Bullet Mines Inc. (TSXV: SBMI) (“Silver Bullet”) is a junior miner looking to bring several past producing silver mines back into production. Silver Bullet’s flagship Black Diamond Property consists of almost 4,900 acres plus a 15.5-acre patented claim, plus a 65-acre site for its own mill. The Black Diamond Property is located in the major mining camp of Globe, Arizona, USA.

The Black Diamond Property

The Black Diamond Property is host to 5 past producing silver mines which include multiple shafts and over 74 adits. The 5 past producing silver mines are: McMorris Mine, McClellan Mine, Silver Seven Mine, La Plata Mine, and the Buckeye Mine. Silver Bullet’s plan is to have the Buckeye in pilot production in Q1 2022.

Historical records show McMorris Mine produced approximately 500,000 ounces at 250 oz/ton in direct shipping ore until 1893. In 2017, 5 tons were mined at Buckeye, from which 500 ounces of silver were produced as proof of concept of the mine’s potential to make a comeback.

A sample of the source of the legendary ‘lone ranger silver bullets’ produced from a neighboring mine

Current stage and next steps for Silver Bullet

Silver Bullet has already made major steps in preparing the Buckeye Mine for a restart of production. These include upgrades to the office, storage pad, assay lab, security and site roads, and an investment into the evaporation pond, water tank and septic system. The underground infrastructure has been prepared with a central decline portal secured and cleared to the vein face.

Silver Bullet is currently constructing a 125 ton per day state of the art pilot plant and anticipates bulk sample mining to commence in Q1 2022. The plan after that is to progress to full-scale production.

As the Buckeye Mine is being reopened, Silver Bullet intends to carry out confirmatory and exploration drilling at high grade targets at the McMorris Mine. At McMorris historical grades from underground sampling include 45 oz/ton in ore shoots and an average grade in remaining veins estimated at 10 oz/ton. Silver Bullet is targeting bringing the McMorris Mine back into production within 2 years.

In the public domain is a geological report completed in 1987 (predating NI 43-101), which indicated the potential for US$487.3 million of in-situ silver and gold on the McMorris property. The report’s author used commodity prices of US$450/oz gold and US$7/oz silver. McMorris represents only ~20% of SBM’s total land package; more exploration work must be carried out before that report can be confirmed.

Note: Investors should not rely on historical resources/reports until they are updated to meet NI 43-101 requirements.

The longer-term plan is to assess the full Black Diamond property and potentially increase production from either the other 3 past producing mines or from any new discovery. In addition, Silver Bullet also plans to explore its other property, the Washington Mine Property in Idaho.

Silver Bullet Mines working to restart the Buckeye Mine on their Black Diamond Property in Arizona, USA

Closing remarks

Silver Bullet Mines is a serious junior with very near-term plans to re-start its past producing Buckeye Mine. Beyond that, the Company intends to further explore and hopefully restart the McMorris Mine, where there appears to be enormous potential for both gold and silver.

Silver Bullet Mines now trades on the TSXV exchange after listing 2 days ago on December 6, 2021, following an oversubscribed offering raising C$6 million, with 55 million shares outstanding (29 million in escrow). Based on yesterday’s close at C$0.33 and 55 million shares outstanding the market cap would be C$18.15 million. Stay tuned.




Silver Bullet Mines’ Peter Clausi on Commencing Trading on the TSXV and the Global Silver Shortage

In a recent InvestorIntel interview, Chris Thompson spoke with Peter Clausi, VP Capital Markets and Director of Silver Bullet Mines Inc. (TSXV: SBMI) about officially commencing trading on the TSX Venture Exchange and about bringing Silver Bullet’s pure-play silver mines to production in Globe, Arizona.

In this InvestorIntel interview, which may also be viewed on YouTube (click here to subscribe to the InvestorIntel Channel), Peter provided an update on Silver Bullet’s five past-producing silver mines in a very mining-friendly jurisdiction in Arizona with good infrastructure. Having recently closed an oversubscribed financing, Peter said that Silver Bullet is in a very competitive position with its own mill and assay lab which will allow it to have assay results in a day instead of waiting for weeks. He also highlighted the global shortage of silver owing to the absence of a major silver discovery in years and the high demand for silver in the jewelry, electronics, industries, and the health sector.

To watch the full interview, click here

About Silver Bullet Mines Inc. 

Silver Bullet Mines Inc. 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 mines 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.

To learn more about Silver Bullet Mines Inc., click here

Disclaimer: Silver Bullet Mines Inc. is an advertorial member of InvestorIntel Corp.

This interview, which was produced by InvestorIntel Corp. (IIC) does not contain, nor does it purport to contain, a summary of all the material information concerning the “Company” being interviewed. IIC offers no representations or warranties that any of the information contained in this interview is accurate or complete.

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 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.

Any projections given are principally intended for use as objectives and are not intended, and should not be taken, as assurances that the projected results will be obtained by the Company. The assumptions used may not prove to be accurate and a potential decline in the Company’s financial condition or results of operations may negatively impact the value of its securities. Prospective investors are urged to review the Company’s profile on Sedar.com and to carry out independent investigations in order to determine their interest in investing in the Company.

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