Silver Bullet Mines (TSXV:SBMI) closes first tranche of financing and takes samples from Diabase

Silver Bullet Mines (SBMI) has closed the first tranche of a private placement financing, raising $447,000
On September 26, 2022, the company announced it had found high-grade gold, platinum, palladium, rhodium and osmium in concentrates resulting from 200 tons of material from the Buckeye Mine
The company has encountered procedural challenges in completing its first audit as an operating company
Peter Clausi, VP of Capital Markets, sat down with Daniella Atkinson to discuss the news
Silver Bullet Mines is focused on the discovery and development of mineral deposits primarily in Arizona, with additional mineral properties in Idaho and Nevada
Silver Bullet Mines Corp. (SBMI) opened trading at C$0.16

Silver Bullet Mines (SBMI) has closed the first tranche of its previously-announced private placement financing, raising $447,000.

On September 26, 2022, the company announced it had found high-grade gold, platinum, palladium, rhodium and osmium in concentrates resulting from 200 tons of material from the Buckeye Mine. To help identify the source and location of the materials, the company took samples from the diabase at several locations near and in the Buckeye Silver Mine. Silver Bullet Mines has received assay results from an independent lab with respect to those samples taken from the diabase and will be disclosed to the public as soon as possible.

The company has encountered procedural challenges in completing its first audit as an operating company, including but not limited to cross-border documentation. Some of these challenges were caused by COVID-19 restrictions on travel to the mill and mine sites in Arizona, and others by local inexperience with audit processes.

Peter Clausi, VP of Capital Markets, sat down with Daniella Atkinson to discuss the news.

Silver Bullet Mines is focused on the discovery and development of mineral deposits primarily in Arizona, with additional mineral properties in Idaho and Nevada.

Silver Bullet Mines Corp. (SBMI) opened trading at C$0.16.