News and research before you hear about it on CNBC and others. Claim your one week free trial for StreetInsider Premium here.
Burlington, Ontario–(Newsfile Corp. – June 9, 2022) – Silver Bullet Mines Corp. (TSXV: SBMI) (OTCQB: SBMCF) (“SBMI” or “the Company”) announces that it has commenced commissioning of its state-of-the-art 125 MTPD Plant located near Globe, Arizona. This is the next step in money making.
“Commissioning is the culmination of a lot of planning and hard work,” said A. John Carter, CEO of SBMI. “The field team overcame global supply chain issues to create a functioning 125 MTPD plant, in a location that was an empty field only last September. We look forward to processing the ore as quickly as possible.
Water circulating in the piping as part of the start-up of the commissioning of the plant.
To view an enhanced version of this graphic, please visit:
The go-live will take place over the next few weeks and will include the following steps:
- water will circulate through the grinder to check for leaks;
- each engine will be tested individually and sequentially;
- each piece of equipment will be tested individually and sequentially to confirm technical issues such as gear alignment, bearing temperatures and clearances;
- conveyors will be monitored for speed and consistency;
- the crushers will be adjusted to the appropriate parameters as dictated by the conveyors;
- the ball load will then be placed in the mill, which means that the steel balls will be inserted into the ball mill in anticipation of the raw material;
- once all equipment is calibrated, the grinder will run again with water to ensure pumps and piping are correct; and
- installation of ancillary equipment as required will follow.
SBMI has engaged Sepro Mineral Systems Corp., the manufacturer of the Falcon concentrators, to provide a technical start-up team to train SBMI’s experienced plant team, to ensure optimum efficiency of every part of the plant and of the plant as a whole. Third-party electrical engineers will also have at least one person on hand during start-up.
When it has been confirmed that the whole crusher is working properly, trial raw materials will be added. As previously reported, the Company has stockpiled lower grade ore from the Buckeye silver mine at the mill site for use as test feed. This will allow SBMI to refine the grinder while minimizing the risk of losing precious metals in the tailings.
It is expected that the whole commissioning process will take a few weeks, after which the processing of the premium material can begin.
SBMI will provide further updates as the commissioning process progresses.
Please see the company website www.silverbulletmines.com, or follow on Twitter @bulletmines or on YouTube “Silver Bullet Mines”.
For more information, please contact:
Silver Bullet Mines Corp., CEO
+1 (905) 302-3843
Pierre M. Clausi
Silver Bullet Mines Corp., Vice President of Capital Markets
+1 (416) 890-1232
Cautionary and forward-looking statements
Silver Bullet Mines Corp. trades on the TSX Venture Exchange under the symbol SBMI and on the OTCQB Venture Market under the symbol SBMCF. The OTCQB Venture Market is for US and international early-stage and development companies. Companies listed there are up-to-date with their filings and undergo an annual audit and management certification process. Investors can find the Company’s current financial information at www.otcmarkets.com and at https://money.tmx.com/en/quote/SBMI.
This press release contains certain statements that constitute forward-looking statements with respect to SBMI and its subsidiaries. Forward-looking statements are not historical facts but represent management’s current expectations regarding future events and can be identified by words such as “believe”, “expect”, “will”, “intend”. of”, “plans”, “projects”, “anticipates”, “estimates”, “continues” and similar expressions. Although management believes that the expectations expressed in these forward-looking statements are reasonable, there can be no assurance that they will prove to be true. exact.
By their nature, forward-looking statements involve assumptions and are subject to inherent risks and uncertainties that could cause actual future results, conditions, actions or events to differ materially from those contained in the forward-looking statements. If and when forward-looking statements are set forth in this new release, SBMI will also disclose the material risk factors or assumptions used in making the forward-looking statements. Except as expressly required by applicable securities laws, SBMI undertakes no obligation to update or revise any forward-looking statements. Future results related to forward-looking statements may be influenced by many factors, including, but not limited to: the impact of SARS CoV-2 or any other global virus; reliance on key personnel; the availability of skilled and unskilled labour; the presence and recoverability of mineralization; the continued availability of infrastructure such as electricity, diesel and road access; the rigor of its QA/QA procedures; the continuity of the global supply chain for materials that SBMI will use in the production and processing of ore; shareholder, permit and regulatory approvals; the activities and attitudes of local communities at the location of SBMI’s properties; price increases related to supply chain issues; the risks of future legal proceedings; income tax matters; fires, floods and other natural phenomena; inflation rate; funding availability and terms; distribution of securities; commodity prices; currency movements, particularly between the USD and the CDN; effect of market interest rates on the price of securities; and, potential dilution. SARS CoV-2 and other potential global viruses create risks that, at this time, are immeasurable and impossible to define.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/127116