Peter Clausi on Silver Bullet Mines' Commencement of Commercial Production and High-Grade Results episode artwork

EPISODE · Sep 27, 2024 · 5 MIN

Peter Clausi on Silver Bullet Mines' Commencement of Commercial Production and High-Grade Results

from Investor.News · host Investor.News

In a recent interview with Investor.News host Tracy Hughes, Peter Clausi, Director and VP of Capital Markets at Silver Bullet Mines Corp. (TSXV: SBMI | OTCQB: SBMCF), discussed the company's latest milestone: the commencement of commercial production of high-grade mineralized material. Clausi shared insights into how Silver Bullet Mines (SBMI) transitioned from processing its own material to third-party material, noting that a recent safety inspection by the Mining Safety and Health Administration led to temporary shutdowns. Rather than sitting idle, SBMI took the opportunity to secure third-party material, and this shift has resulted in promising outcomes. "Today’s press release is one of the results of that effort," Clausi said. SBMI’s recent due diligence on the third-party material yielded impressive results. "The highest [assay] was 45 1/2 oz per ton," Clausi highlighted, referring to their latest 500-pound sampling program, which far exceeds the industry standard for bonanza silver. The company’s 100%-owned modular mill in Globe, Arizona, has been successfully processing this material, and Clausi emphasized that SBMI’s ability to process various regional materials without needing significant changes to its circuits is a major advantage. The company plans to ramp up production from 50 tons per day to higher volumes, with Clausi noting, “The mill can get up to 125 tons a day." SBMI’s capacity to produce both dore bars and high-grade concentrate positions the company for sustained revenue generation.

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