Northwire Canada EditionWednesday, July 29, 2026
Sign inSubscribe
Northwire
⌕
NAM 0.250 +0.0% CRD 0.065 +8.3% OLA 12.90 −3.7% CG 22.70 −2.5% EQX 12.89 −4.0% FM 37.51 −2.3% MNRG 0.080 −11.1% KFR 1.31 +0.8% AUMN 0.275 +0.0% GLB 0.250 +0.0% BHS 0.045 −10.0% EGR 0.025 +0.0% RIO 2.59 −4.1% GEN 0.070 +0.0% MAI 4.39 −2.0% RYR 0.175 +0.0% NAM 0.250 +0.0% CRD 0.065 +8.3% OLA 12.90 −3.7% CG 22.70 −2.5% EQX 12.89 −4.0% FM 37.51 −2.3% MNRG 0.080 −11.1% KFR 1.31 +0.8% AUMN 0.275 +0.0% GLB 0.250 +0.0% BHS 0.045 −10.0% EGR 0.025 +0.0% RIO 2.59 −4.1% GEN 0.070 +0.0% MAI 4.39 −2.0% RYR 0.175 +0.0%
Drill Results

Silver Bullet retested samples at KT returns 809 g/t Au

By The Northwire Desk — AI Analysis Sep 18, 2025 · 20:27 SBMI · 0.265 Silver Bullet Mines Corp.
SBMI · Price

Executive Summary

  • Silver Bullet Mines reports exceptionally high assay results from bulk‑sample concentrate at the KT mine – up to 23.6 oz/ton gold (809 g/t) and 28 oz/ton silver (959 g/t).
  • The company continues processing additional material, expanding mill capacity, and advancing sales of concentrate from both KT and the Super Champ mine.
  • Recent financing activity: conversion of a $150,000 convertible promissory note into 1.5 M shares at $0.10/share plus interest converted into 1.41 M shares at $0.15/share; issuance of 1 M stock options to a consultant (500k @ $0.30 and 500k @ $0.40, expiring 26‑Feb‑2026).

Key Details

  • Assay Highlights – KT Mine:
  • Five retested concentrate samples returned as high as 809 g/t (23.6 oz/ton) gold and 959 g/t (28 oz/ton) silver; lead at 48 % with no significant deleterious elements.
  • Sampling Program:
  • Initial bulk sample: ~50 t processed from a 400‑t waste pile; average 0.3 oz/ton Au, peak 1.8 oz/ton Au (July 23 2025 release).
  • Additional random concentrate samples taken throughout milling and sent to ISO‑accredited Activation Laboratories Ltd. for detailed analysis.
  • Operational Progress:
  • Improved site access; adit timbered for vein exposure; vein traced >1,000 ft.
  • Ongoing surface work to delineate vein structure; field team panning gold from tunnel.
  • Mill capacity expansion under study – additional circuits planned to recover other minerals.
  • Super Champ Mine:
  • Awaiting third‑party multielement analysis on concentrate; buyer identified (July 9 2025). Results will enable advancement of the sales process.
  • Financing / Equity Transactions:
  • Convertible promissory note holder converted $150,000 principal at $0.10/share → 1.5 M shares.
  • Accrued interest $211,561 converted at $0.15/share → 1.41 M shares.
  • Option Grants:
  • Consultant granted 500,000 options @ $0.30 and 500,000 options @ $0.40, all vesting immediately; expiration 26‑Feb‑2026.
  • Quality Assurance / QC Procedures:
  • Detailed description of sample preparation, fire assay, gravimetric analysis, and verification by independent qualified person Robert G. Komarechka, PGeo.

Notable Quotes

“The results are absolutely incredible.” – John A. Carter, CEO, Silver Bullet Mines Corp.

Read the original news release →

More from Silver Bullet Mines Corp.

May 21, 2026 · 08:01

Silver Bullet Mines Cuts Transparency and Caps Revenue Upside in Cash-Flow Play

Other Apr 09, 2026 · 08:01

“Portable crusher order adds flexibility but no immediate upside – a routine step toward scaling Arizona output”

M&A / Property Mar 16, 2026 · 08:01

Transitioning from explorer to producer with multi-commodity upside in Idaho and Arizona.

Drill Results Mar 02, 2026 · 10:31

Silver Bullet Secures Five-Year Offtake with Ocean Partners to Monetize Arizona Production

Other Feb 18, 2026 · 09:17

SBMI mines high-grade silver in Idaho as warrant proceeds provide a temporary cash bridge

Drill Results Feb 05, 2026 · 19:09

Silver Bullet acquires two past-producing mines

M&A / Property