In this InvestorNews interview with host Tracy Weslosky, John Carter, CEO and Director of Silver Bullet Mines Corp. (TSXV: SBMI | OTCQB: SBMCF), delves into the unique origin story of the company and its innovative approach to mining and silver production. Carter recounted a story linking their McMorris Mine to the legendary Lone Ranger series, shedding light on the mine’s history. He explained that the author of the Lone Ranger book “actually came out to the McMorris Mine and bought silver directly from the mine, which they used to make silver bullets for promoting the Lone Ranger series.” This historical tidbit not only underscores the mine’s storied past but also serves as a testament to its long-standing significance in silver production.

Further into the discussion, Carter highlighted SBMI’s unconventional strategy towards mining and financial sustainability. With over 40 years of experience, Carter has witnessed the cyclic challenges of the sector, including the need for continuous capital raising and its dilutive effects on shareholders. SBMI’s strategy circumvents these issues by reactivating past-producing mines and utilizing existing resources to fund further exploration and development, rather than relying solely on external financing. This model is currently being applied in Arizona and Idaho, with the company already “producing silver” in Arizona and planning to use the generated revenues to bolster exploration efforts.

Furthermore, the recent strategic business alliance with Countryman Investments and the appointment of Dave Richardson to SBMI’s Advisory Board signal a significant strengthening of the company’s financial and operational capabilities.

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About Silver Bullet Mines Corp.

Silver Bullet Mines Corp. (SBMI) is making headway in the gold and silver production industry. SBMI recently revealed a third potential revenue stream through a partnership to process around 900 pounds of high-grade gold concentrate at its Globe, Arizona facility, benefiting from its advanced gravity circuit. Besides this, SBMI’s primary operations focus on silver extraction from the Buckeye Silver Mine and silver/gold production at its Washington Mine in Idaho, to be processed at its fully operational mill. The company recently reported promising high-grade silver findings from the Treasure Room and is working on a financing strategy for its operations. An ambitious goal is to stabilize the Treasure Room for deeper exploration. Another highlight was the successful interception of a mineral-rich zone at the Buckeye Mine, known as “Zone1,” believed to contain higher-grade silver. The company plans to continue mining this vein and refine the material at its Globe mill. Recent developments position SBMI as a leading player in silver mining, suggesting a bright future for the company and its investors.

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

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

This interview, which was produced by InvestorNews Inc. (“InvestorNews”), does not contain, nor does it purport to contain, a summary of all material information concerning the Company, including important disclosure and risk factors associated with the Company, its business and an investment in its securities. InvestorNews offers no representations or warranties that any of the information contained in this interview is accurate or complete.

This interview and any transcriptions or reproductions thereof (collectively, this “presentation”) does not constitute, or form part of, any offer or invitation to sell or issue, or any solicitation of any offer to subscribe for or purchase any securities in the Company. The information in this presentation is provided for informational purposes only and may be subject to updating, completion or revision, and except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any information herein. 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. This presentation should not be considered as the giving of investment advice by the Company or any of its directors, officers, agents, employees or advisors. Each person to whom this presentation is made available must make its own independent assessment of the Company after making such investigations and taking such advice as may be deemed necessary. Prospective investors are urged to review the Company’s profile on SedarPlus.ca and to carry out independent investigations in order to determine their interest in investing in the Company.

Mining has always been a labor of passion and determination. For companies like Silver Bullet Mines Corp. (TSXV: SBMI | OTCQB: SBMCF), adverse conditions and challenges don’t spell the end; they merely signal a brief pause and an opportunity to evolve. Here are some notable updates from Silver Bullet’s news release issued earlier today, shedding light on their operations, investments, and future plans.

Weathered Storms and the March Forward:
Arizona’s sweltering heatwaves in August forced Silver Bullet to halt its operations at the Buckeye Mine temporarily. But as the proverb goes, “after the rain, comes sunshine.” With the weather now on their side, mining operations are set to resume, and material processing at the mill is anticipated to restart in about a month. However, nature’s challenges weren’t limited to just the heat. A lightning-triggered fire erupted near the Buckeye Mine, prompting the U.S. Forest Service to swing into action and ensure the necessary firefighting equipment could access the mine.

A Financial Boost:
In an industry that thrives on timely investments, Silver Bullet has managed to secure a lucrative deal. An investment agreement with a third-party entity (referred to as the “Investor”) has infused SBMI with a zero-interest, five-year loan of USD$350,000. The company has already pocketed the first installment of USD$225,000, with the remainder promised five days post the Investor’s receipt of the first silver dore shipment. This loan is securely backed by two equipment pieces in Arizona.

A Collaborative Future:
The partnership between SBMI and the Investor isn’t just a financial transaction. Both entities are set to collaborate on upcoming projects not just in Arizona but also in Colorado. By offering its expertise in mining, metallurgy, and processing, SBMI is poised to boost its revenues and expand its operational footprint.

Silver Purchase and Test-run Shipments:
July 7, 2023, marked the extension of SBMI’s silver purchase agreement with another party – the Purchaser. This extension, agreed upon verbally, is valid until August 31, 2023. Additionally, a test shipment encompassing 102 ounces of dore bars, which include silver, copper, and other elements, has been assessed by the Purchaser.

Journey into the Deep:
Mining is as much about strategy as it is about drilling. While the company managed to reach the enticingly named “Treasure Room” in March 2022, unsafe conditions led to a change in their mining route. Even amidst weather challenges, mining progressed a commendable 600 feet from the entrance. A Lidar survey promises better understanding and mapping of the mine in the days to come.

A Glimmering Future:
SBMI’s plans are as lustrous as the silver they mine. They intend to revisit the Treasure Room, eyeing its lower levels that purportedly house higher-grade material. While specifics about the costs and timing are still under wraps, it’s clear that Silver Bullet’s mining future shines bright.

In conclusion, Silver Bullet’s endeavors epitomize the spirit of perseverance, innovation, and forward-thinking that’s imperative in the mining industry. Their journey, replete with challenges and triumphs, holds promise for a shimmering future.

In this InvestorIntel interview during PDAC 2023, Chris Thompson talks to Silver Bullet Mines Corp.’s (TSXV: SBMI | OTCQB: SBMCF) VP Capital Markets and Director Peter Clausi about resuming production at their 125 MTPD (metric tonnes per day) mill near Globe, Arizona. Providing an update on their recent assay results with high grade silver at 270 ounces per ton, Peter discusses how Silver Bullet Mines is the “world’s latest silver producer.”

During this in-depth interview, Peter also provides s a substantial update on the Silver Bullet Mines’ Washington Mine in Idaho.

To access the full InvestorIntel interview, click 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 [email protected].

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.”

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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.

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. 

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.

“The name of the zone is Nava. It is important because it is a brand new target that is 1.5 kilometers from the resource area. The resource area is a silver open-pit high-grade, but this is gold, the new discovery, and shows to us now that we have a multi-commodity concession, gold and silver, which is the core business of the company.”, States Marcio Fonseca, President, CEO and Director of Goldplay Exploration Ltd. (TSXV: GPLY | OTCQB: GLYXF), in an interview with InvestorIntel’s Tracy Weslosky.

Tracy Weslosky: I have to say I love your shareholders. They are enthusiastic gold play owners. Everyone is talking about your latest news release. How about we start there with your latest new gold zone that you have discovered and let us talk about the highlights? 

Marcio Fonseca: The name of the zone is Nava. It is important because it is a brand new target that is 1.5 kilometers from the resource area. The resource area is a silver open-pit high-grade, but this is gold, the new discovery, and shows to us now that we have a multi-commodity concession, gold and silver, which is the core business of the company.

Tracy Weslosky: One of the items that was brought to my attention is that you can actually see visible gold on surface. Is this correct? 

Marcio Fonseca: Oh yeah. That is very important. Good point. When we were doing all the exploration on surface we identified a series of old workings and tunnels going through the mountain. We realized for those old miners to go there and really be chasing gold something must be there. We some field workers that have a lot of experience about panning gold and we decided to pick up rocks all over the hill, inside the tunnels. We came across a lot of visible gold when we crush and panned the gold showing that there is a really good gold target in the area. We put on the news release a photo that shows that we have gold in the target.

Tracy Weslosky: We recently did an interview with gold bug expert and he was telling us what high-grade gold actually means. It is quite significant that you can see this visible gold at surface. Is that correct, because this is quite unusual?

Marcio Fonseca: Yes, because it shows that there is a lot of gold in the system. Because most of the deposits, the gold deposits have gold, but the gold is really fine. 

Tracy Weslosky: Okay. 

Marcio Fonseca: Micro sized. This is like we are crushing the rock, put in water, and pan it and you can see the streams of gold coming from the rocks.

Tracy Weslosky: Okay, so that is quite incredible based on my understanding of gold exploration. Also, I was reading that you have 3 old tunnels at Nava, 2 connected along 300 meters. I honestly do not know what that means, but I have been told this is really impressive. Can you tell us a little bit more about this?

Marcio Fonseca: Yes. When we first identified the target we saw this prominent hill, a lot of rocks altered red and we said something might be there. When we went to the site we identified all these 3 tunnels; very narrow tunnels, 1 meter high, half to 1 meter wide. We decided we need to explore inside of these tunnels to see where they go. We realized that one tunnel connects with another one showing that the target has at least 300 meters of extension to start with. The vein system that is outcropping in one tunnel side goes to the next side of the mountain showing that the potential is not just a narrow vein…to access the complete interview, click here

Disclaimer: Goldplay Exploration Ltd. is an advertorial member of InvestorIntel Corp.