• Disclosure
  • Privacy Policy
  • DMCA Policy
  • CCPA
  • Medical Disclaimer
Friday, March 31, 2023
Johnson County News Online
  • Home
  • News
  • Business
  • Technology
    • Crytpocurrency
    • Gaming
    • Gadgets
  • Sports
  • Health
  • General
    • Business Services
  • Travel
  • Press Releases
  • Popular
No Result
View All Result
  • Home
  • News
  • Business
  • Technology
    • Crytpocurrency
    • Gaming
    • Gadgets
  • Sports
  • Health
  • General
    • Business Services
  • Travel
  • Press Releases
  • Popular
No Result
View All Result
No Result
View All Result
Home Technology Metaverse

Silver Bullet Mines Corp. – From Explorer To Miner To Metaverse – Resource World Magazine – Resource World Magazine

by NewsReporter
April 13, 2022
in Metaverse
silver-bullet-mines-corp.-–-from-explorer-to-miner-to-metaverse-–-resource-world-magazine-–-resource-world-magazine
Share on FacebookShare on Twitter

Silver Bullet Mines Corp. [TSXV-SBMI ; OTCQB-SBMCF] is what many might consider a maverick in the mining industry, boldly going where few have gone before—from exploration to mining in a single leap. Or at least the decision to start mining the company’s Washington Mine in Idaho and Buckeye Mine in Arizona may appear to be a single leap without a resource estimate, feasibility studies or mine plans in hand, but the decisions are far more calculated than they appear at first glance.

Silver Bullet
Historical Adit at the Washington Mine in Idaho

“On the Washington Mine, we based our decision on the historical information, two field programs, a blended bulk sample yielding 55.5 ounces silver per ton, existing infrastructure, and a successful financing. We know where the silver and have internal numbers. We have an engineering team and a mine plan,” says Peter M, Clausi, Vice President Capital Markets for Silver Bullet Mines Corp.

Historically, the Washington Mine first saw gold production in the late 1800’s with reported average gold grades of one-ounce-per-ton. The mine again produced gold in the 1930’s, but the operator lacked the processing technology to produce silver, so decided to block out the silver ore with the intention of coming back and extracting the silver later, which never happened and in 1981 an Energy Services Inc. report estimated a resource of three million ounces of silver with a grade of 30 to 90 ounces per ton and 15,000 ounces of gold at 0.3 ounces per ton in-situ, just inside the adit entrance.

“Our intention is to widen the existing adit, make the area safe for work, proceed to the historical workings and extract the mineralized material. To this end we are in discussions with an experienced contract miner to start the work as soon as reasonably possible,” says Clausi.

The historical records and existing infrastructure suggest Silver Bullet Mines should be able to in the short-term extract a bulk sample of 1,500 to 3,000 tonnes of mineralized material from that blocked-out volume. After a brief pause to assess the results of the bulk sample and to inspect more of the existing infrastructure, the Company would then continue extracting material and develop a ramp to the high-grade parallel structures, identified in 1980 by then owner, Hecla Mining who completed a bulk sample of the material and reported a grade of 44 ounces of silver per tonne and 10 grams of gold per tonne. A second report included an estimate of 3 million ounces of silver with a grade of 30 to 90 ounces per ton and 15,000 ounces of gold at 0.3 ounces per ton for the veins identified on the Property at the time.

These historical observations were followed up by Silver Bullet in January 2022 with an 80-kilogram blended bulk sample from eight locations which returned 55.5 ounces-per-ton Silver, reflecting the silver grades reported historically.

“These results provide confirmation of the high-grade nature of the Property’s mineralization potential; direction for the development of a bulk sampling program; and discovery of parallel mineralized structures. These sets of results indicate the potential for the development of early production from the site through bulk sampling and for the ongoing discovery and development of additional silver and gold resources,” says Clausi.

Not one but two operating mines

silver bullet

In the first quarter of 2022, Silver Bullet began extracting mineralized material from its Buckeye Silver Mine in Arizona. The intent was to produce an initial 10,000 tonnes of mineralized material at a rate of 125 tonnes per day.

The initial target at the Buckeye has been the high-grade polymetallic drift identified in 1976 by K.C. Delise, in a Mine Shaft Survey prepared by him for International Resources and Minerals Development Company. He identified this zone as extending approximately 500 feet along strike and referred to it as the Treasure Room.

In March 2022, the Silver Bullet team blasted into the Treasure Room and since then announced high-grade assay samples taken from four underground areas including the footwall of the vein, the Treasure Room stope, behind the Treasure Room stope and the historical tailings.

Five samples, taken from the footwall of the vein from an area covering approximately 14 to 18 inches in width, provided the following returns (in ounces of silver per ton or oz/t as well as grams per tonne or g/t):

  • 341.8 oz/t or 11,718.95 g/t.
  • 336.2 oz/t or 11,152.95 g/t.
  • 674.0 oz/t or 23,108.76 g/t.
  • 706.6 oz/t or 24,226.49 g/t; and
  • 124.4 oz/t or 4,265.18 g/t.

The average of the remaining 39 samples (including 6 samples of 0.0 oz/t) is as follows:

  • Treasure Room stope assays (27 samples) – 20.17 oz/t or 691.56 g/t silver
  • Assays behind the Treasure Room stope (7 samples) – 37.08 oz/t or 1,271.32 g/t silver
  • Assays from the Treasure Room’s historical tailings (5 samples) – 17.9 oz/t or 613.72 g/t silver.

“The assay results are exciting numbers, and they provide us with a great deal of confidence in our internal grade estimates as we move to production”, said A. John Carter, SBMI’s CEO. “As any responsible producer would, we will continuously sample and assay as we proceed.”

To date (April 4, 2022) the mill is close to completion and a two-week trial period is expected to begin shortly. During this trail period Silver Bullet Mining will move roughly 1,500 tons of lower grade or to the mill.

As it moves into production, Silver Bullet will assay daily to better enable it to determine the production head grade of the feed material and has engaged Montana Technical University to help optimize an efficient recovery process flow sheet.

“These are very exciting times for Silver Bullet Mines as we rapidly approach commencement of mining operations at the Buckeye Mine in Arizona and move simultaneously to mining in Idaho,” says Carter. “Revenue generated from both mines can fund exploration programs to attack the past-producing McMorris Mine, increase production capacity at our 100%-owned modular mill, and explore the potential for a copper porphyry at our Black Diamond Property.”

Tip of the iceberg

Silver Bullet’s Flagship property is the Black Diamond, close to 20.2 square kilometres in the Miami-Globe copper camp. The Globe-Miami mining region, more specifically centred on the Richmond Basin where rich silver occurrences occur along short, narrow veins.

The Richmond Basin is the location of several historic high-grade silver-copper mines including Siler Bullets five former producers on their Black Diamond property including: McMorris, La Plata, Helena, Silver Sevens, and Buckeye. Little work or extraction came from this area since the early 20th century as the camp was more focused on big copper mines.

The plan now is to take another look at the McMorris Mine, which constitutes almost 21% of the surface area of the company’s property and produced approximately 500,000 ounces at 250 oz/ton in direct shipping ore until 1893.

First mining company in the Metaverse

Breaking new ground is not new for Silver Bullet Mines, and now as the first mining company in the Metaverse, it is leading in what could easily become the next investor frontier.

“We are the first mining company in the metaverse. If you’re looking for a younger demographic of investors you go to where they hang out, so we’ve gone to Horizon Worlds, which is Facebook’s platform in the metaverse. We built worlds there, and we’re inviting people to come visit us,” says, Peter M, Clausi, Vice President Capital Markets for Silver Bullet Mines Corp.

The last word

On the heels of a successful oversubscribed financing, Silver Bullet Mines will have near-term cash flow from its Buckeye Mine, followed closely by the Washington Mine. The funds will support the company’s efforts to continue exploration on the four past producers in the Black Diamond Property portfolio, and if all goes as planned result in positive net cash flow in the Company by the end of the year.


Continue Reading

Related Posts

grimshaw-tapped-to-design-first-of-four-metaverse-spaces-for-pax.world-–-archinect

Grimshaw Tapped To Design First Of Four Metaverse Spaces For Pax.world – Archinect

by NewsReporter
April 14, 2022
0

anchor A noteworthy development in the expanding field of digital architecture as Grimshaw has been tapped to design their first-ever blockchain project for the forthcoming metaverse platform pax.world. The endeavor will be the first of four ‘Metaserai’ metaverses that take their name from ancient trade-friendly roadside inns called Caravanserai which...

facebook-whistleblower-voices-big-concerns-over-meta’s-‘metaverse’-–-tweaktown

Facebook Whistleblower Voices Big Concerns Over Meta’s ‘Metaverse’ – TweakTown

by NewsReporter
April 14, 2022
0

A Facebook whistleblower has outlined some concerns with Meta's approach towards creating its metaverse and how it could impact consumer safety and privacy for users. Frances Haugen, a Facebook whistleblower that revealed a plethora of documents to the US Security and Exchange Commission (SEC) on Facebook's inadequate response to COVID-19...

doyobi-boss-john-tan-trains-kids-in-the-metaverse-–-the-peak-singapore

Doyobi Boss John Tan Trains Kids In The Metaverse – The Peak Singapore

by NewsReporter
April 13, 2022
0

Interviews The founder of Saturday Kids and Doyobi aims to equip the next generation with the knowledge and skills to succeed. by John Tan  /   April 12, 2022 The days of endless piano lessons and tuition are over. Why not give kids something they can use in an increasingly...

makers-lab-starts-‘meta-village’-in-maharashtra-|-mint-–-mint

Makers Lab Starts ‘meta Village’ In Maharashtra | Mint – Mint

by NewsReporter
April 12, 2022
0

BENGALURU : Makers Lab, the research and development arm of Tech Mahindra Ltd, has launched ‘Meta Village’, a digital twin of Pargaon in Maharashtra, to gamify learning on the Roblox platform and drive innovation in the education sector at the grass-roots level. Paragaon is the first Indian village to get...

Johnson County News Online

© 2021 Johnson County News Online

Navigate Site

  • Disclosure
  • Privacy Policy
  • DMCA Policy
  • CCPA
  • Medical Disclaimer

Follow Us

No Result
View All Result
  • Home
  • DMCA Policy
  • Medical Disclaimer
  • Privacy Policy
  • Disclosure
  • CCPA
  • Terms of Use

© 2021 Johnson County News Online

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent.
Cookie SettingsAccept All
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT