John Carter on the Revenue-Focused Approach of the Silver Bullet Mines in Idaho and Arizona

November 26, 2024 — Silver Bullet Mines Corp. (TSXV: SBMI | OTCQB: SBMCF), led by CEO and Director John Carter, is making significant progress in its mining operations across Idaho and Arizona. During a recent interview with Investor.News host Tracy Hughes, Carter elaborated on the company's latest developments, including the commencement of underground development and bulk sampling at the Washington Mine in Idaho. According to Carter, the company is actively targeting a historically mineralized zone just 80 feet from the portal opening, with plans to extract a bulk sample of at least 2,000 tons. This aligns with the company's broader strategy to utilize historic high-grade resources efficiently, as evidenced by previous sampling that indicated silver grades as high as 58.5 ounces per ton. "We're making advances on the project and reminding people of the property's historical and potential future significance," Carter noted.

In the interview, Carter also highlighted Silver Bullet Mines' distinctive revenue-focused approach, describing it as a departure from traditional junior mining company models. Instead of relying heavily on equity financing, the company prioritizes generating revenue from its high-grade properties, such as the Buckeye Mine in Arizona and the Super Champ project. "Our model reduces shareholder dilution by using revenue to fund further exploration and development," Carter explained. He emphasized that the Super Champ project, which has yielded assays as high as 1,093 ounces of silver per ton, exemplifies this strategy. Additionally, the company is refining material at its Globe, Arizona mill, which Carter described as performing "its job exceptionally well," further solidifying confidence in their operational processes. Looking ahead, Carter anticipates revenue generation from silver concentrate and dore bars in the upcoming quarter, positioning Silver Bullet Mines as a unique player in the mining industry.

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