I have been writing about the potential fiasco in Ukraine for ten weeks now. I began in early January and predicted a disaster for Nato and the US should they continue their stupidity. They did. I continued with the same message.
How could I have been able to predict that the US would lose in any conflict with Putin? That’s simple. Brain dead idiots today in the most corrupt administration in American history lead the US. The President is senile and belongs in an old folks home wearing a diaper. The Vice President slept her way into high office and was selected on what wasn’t between her legs. The 3rd in the line of presidential succession seems to have lost it.
We now appoint people to the Federal Government based on color or sexual preference or sex. If you want an appointment to be in charge of Nuclear Waste for America you need to be a drag queen. No shit. When I was young I never saw anything resembling that. Even today, it’s clear that the person has a serious mental problem. He/she is a freak.
Likewise the Transgender Assistant Secretary of Health. She/he has two children with a female she/he was married to. Rachael Levine is another freak promoted strictly on the basis of sexual orientation. Look at this picture. Hint, if your doctor looks like this and you are counting on getting good health advice, you need to see another doctor.
I don’t care what her/his sexual preference may be. But we have gone so far overboard on political correctness that the top female swimmer in the US has a dick. What am I missing? A fully-grown guy, six foot two inches grows long hair and now claims to be a female and is allowed to compete with people without dicks. If she/he claimed to be an airplane, could she/he fly? Has that person no shame?
Since Biden took office after the most corrupt election in American history more than two million illegal immigrants have marched through what is essentially an open border. Of course someone is paying their way or all the Haitians flooding the border have developed an ability to swim to compete with Lia Thomas.
The most important piece I have written in just over twenty years of running this website was posted on March 1st of this year where I predicted that the sanctions imposed on Russia would end up destroying both the EU and the US.
In the past no one in America paid any attention to sanctions. We have had sanctions against Cuba for just short of sixty years. No one in the US really cared unless you happened to prefer Cuban cigars. Likewise when US sanctions against Iraq killed 1.5 million Iraqis no one in the US gave a damn or shed even a single crocodile tear even as they simply forgot that Saddam Hussein’s first paycheck came from the CIA as an assassin. He may have been a monster but he was our monster that we created. But the sanctions didn’t have even a slight effect on Americans.
With Russia it is different. First of all most of what you think you know about the war is a lie produced by the WEF, the CIA and the Neocons. If you think Zelensky is some sort of superman, take a gander at what the media of the world said about him in the past.
(Click on images to enlarge)
And if you actually care about the real monsters in the war, this is how the MSM used to write about them.
I have never seen before a propaganda barrage similar to what we are seeing today. The MSM is lying about everything. Putin demanded the US honor its promise to not expand Nato even one inch to the east. Putin’s being silly with that demand. He should have talked to a few Indian tribes in the US to see how good a job the US government is at doing what it promises.
Likewise Putin demanded Ukraine comply with the terms of the Minsk II agreement from 2016 where they agreed to stop shelling the Donbass region. It’s popular today to wear the colors of Ukraine just as if that makes you part of their team and to cry when you see an upset old woman or young child being forced to flee the nasty Russians. But no one shed even a single tear over the 14,000 mostly women and children murdered in Donbass since 2014 when the US sponsored a coup because they didn’t like the current president of Ukraine.
Sanctions are mostly feel good ways of virtual signaling. Sanctions never hurt the people at the top; they only kill children and the poor at the bottom who are barely getting by. No doubt that was what Biden and Nuland thought would happen this time. But these sanctions designed by the Rand Corporation in order to destroy Russia economically are already backfiring.
Make no bones about it. This war was created by and for the US and the WEF. Many other sites are starting to recognize what is really happening as opposed the narrative crammed down our throat on a daily basis.
But much to the great surprise of the US, the Neocons and the EU, sanctions work in both directions. When you attempt to cripple a major resource country such as Russia by killing their ability to sell their goods, you may have forgotten that in any transaction both sides have to have a benefit or the trade will not take place.
Obviously any attempt to cripple Russia’s energy market is going to have a giant effect on Germany and their industry that runs on Russian gas. Likewise between Ukraine and Russia, they export 30% of the wheat in the world. Countries are going to starve as a direct result of the sanctions.
But Putin has outsmarted his critics and haters. When the US and EU cut Russia out of the Swift system they fell into Putin’s trap. This is critical to understand. What happens in Ukraine is now utterly meaningless. Yes, a lot of people will die and it is both cruel and evil but the US and EU have just destroyed their own debt based financial system through the sanctions.
If the EU does not get natural gas and fuel from Russia they may as well plan on going back to being a third world shithole. Their economy relies on reasonably priced gas and energy. So when the sanctions were dumped on Putin, he just smiled. You see Russia has a lot of gold. Why should they depend on a debt-based system such as we have in the west? The US produces little and only thrives because they have had the world’s reserve currency for over 75 years. Well that just stopped.
Europe has to have Russian gas and energy. Europe and much of the rest of the world have to have neon for chips, palladium for emissions controls, wheat, corn, all sort of important commodities that other countries must have for their economy to function. What can those countries do if they have no way of paying for the goods they need?
Putin has an economics advisor who thought that out. Since accepting fiat dollars in exchange for real goods just stopped because you can’t bank with Russia any longer, they will accept gold.
In effect, as of today Russia is back on the gold standard. That is going to totally change how the world works financially. The debt based and interest system is history. It will take a while for people to understand it but Biden and the Neocons just took a shit in their own lunch bucket.
China and Russia have been buying up gold for years in anticipation of a major shift in how the financial system works. But putting sanctions on Russia and showing them that their reserves could be seized at any time for any reason it has forced them onto a safe and secure way of doing business. The US has had the world’s reserve currency for 77 years and it is past its sell by date. The sanctions are going to hurt the EU and US far more than Russia. And China just got the message. The US and Nato intend to have no competitors. This is the greatest geopolitical mistake in world history and the effects will reverberate for many years.
Burlington, Ontario–(Newsfile Corp. – March 25, 2022) – Silver Bullet Mines Corp. (TSXV: SBMI) (‘SBMI’ or ‘the Company’) announces an extension to close on the final tranche of its previously announced financing (the “Financing”). The Company has closed on two tranches already in the Financing and has outstanding subscription agreements in hand. The total amount when adding the cash from those two tranches and the outstanding subscription agreements is $2,518,903.
The TSX Venture Exchange has granted an extension to April 1, 2022 to allow SBMI to physically gather all payments for its outstanding subscription agreements. This is purely a logistical issue. There will be no new subscription agreements in the Financing.
“We thank the shareholders for their continued faith in our business plan and in our ability to execute on it,” said A. John Carter, SBMI’s CEO. “The funds raised in this financing have been budgeted to put the Buckeye Mine into production, to complete our mill, and to advance the Washington Mine in Idaho in the near-term to where it can be ready for mineral extraction.”
The oversubscribed total represents 6,297,258 Units, with each Unit priced at $0.40 (forty cents). Each Unit consists of one common share and one full 60-cent (sixty cent) warrant with a 24-month term, with each such warrant being exercisable into a common share (the “Financing”). There is no acceleration clause on such warrants.
The Financing had an original minimum-maximum of $500,000 and $2,000,000 respectively. The Financing was oversubscribed by more than 25% of the original maximum.https://embed.fireplace.yahoo.com/embed?ctrl=Monalixa&m_id=monalixa&m_mode=document&site=sports&os=android&pageContext=%257B%2522ctopid%2522%253A%25221542500%253B1577000%2522%252C%2522hashtag%2522%253A%25221542500%253B1577000%2522%252C%2522wiki_topics%2522%253A%2522Grant_Thornton_LLP%253BSilver_bullet%253BCompany%253BAuditor%253BTSX_Venture_Exchange%2522%252C%2522lmsid%2522%253A%2522a0V0W00000HOPDcUAP%2522%252C%2522revsp%2522%253A%2522newsfile_64%2522%252C%2522lpstaid%2522%253A%2522e29233e5-690b-31e7-8ac4-a82e8dc8a260%2522%252C%2522pageContentType%2522%253A%2522story%2522%257D
In connection with the Financing a total of 79,130 broker warrants were issued as referral fees to registrants, with such warrants having the same characteristics as those issued in the Financing. A total of $73,352 was also paid in cash as referral fees.
The strength of the Financing enables SBMI to implement additions to its mill in Arizona to increase recoverability. The modular nature of the mill allows such additions to be made relatively quickly. Management is of the opinion that the positive results of such improvements justify a minor delay to the start of processing material from the Buckeye Mine.
SBMI also announces that Grant Thornton LLP (the “Successor Auditor”) have been appointed as the company’s new auditor effective March 22, 2022, replacing McGovern Hurley LLP, (the “Former Auditor”).
Reporting notices prepared in accordance with National Instrument 51-102 (“NI 51-102”) by the Former Auditor, the Successor Auditor and the Company will be filed on SEDAR.
There are no disagreements or consultations (as those terms are defined in NI 51-102) in connection with the change of auditor nor have there been any reservations or modifications in the Former Auditor’s reports on the Company’s financial statements relating to the period during which it was auditor.
No “reportable event” as defined in NI 51-102, has occurred in connection with the audit of the most recently completed fiscal year of the Company, nor any period from the most recently completed fiscal years of the Company for which McGovern Hurley LLP issued an audit report and the date of the Notice.
The termination of McGovern Hurley LLP, and appointment of Grant Thornton LLP, as auditor of the Company were considered and approved by the Board of Directors of the Company.
Finally, SBMI announces the resignation of Ronald Wortel from his officer position with the Company. He remains a member of the board of directors.
For further information, please contact:
John Carter Silver Bullet Mines Corp., CEO cartera@sympatico.ca +1 (905) 302-3843
Peter M. Clausi Silver Bullet Mines Corp., VP Capital Markets pclausi@brantcapital.ca +1 (416) 890-1232
Cautionary and Forward-Looking Statements
This news release contains certain statements that constitute forward-looking statements as they relate to SBMI and its subsidiaries. Forward-looking statements are not historical facts but represent management’s current expectation of future events, and can be identified by words such as “believe”, “expects”, “will”, “intends”, “plans”, “projects”, “anticipates”, “estimates”, “continues” and similar expressions. Although management believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that they will prove to be correct.
By their nature, forward-looking statements include assumptions, and are subject to inherent risks and uncertainties that could cause actual future results, conditions, actions or events to differ materially from those in the forward-looking statements. If and when forward-looking statements are set out in this new release, SBMI will also set out the material risk factors or assumptions used to develop the forward-looking statements. Except as expressly required by applicable securities laws, SBMI assumes no obligation to update or revise any forward-looking statements. The future outcomes that relate 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 thoroughness of its QA/QA procedures; the continuity of the global supply chain for materials for SBMI to use in the production and processing of ore; shareholder and regulatory approvals; activities and attitudes of communities local to the location of SBMI’s properties; risks of future legal proceedings; income tax matters; fires, floods and other natural phenomena; the rate of inflation; availability and terms of financing; distribution of securities; commodities pricing; currency movements, especially as between the USD and CDN; effect of market interest rates on 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.
Hear Andy go live and talk three topics that our important to the precious metals industry with a live Q&A for the last fifteen minutes Andy’s Live Wednesday, March 23 · 8:00 – 9:00pm Google Meet joining info Video call link: https://meet.google.com/dxu-apjt-qww
VANCOUVER, British Columbia, March 21, 2022 (GLOBE NEWSWIRE) — Rover Metals Corp. (TSXV: ROVR) (OTCQB: ROVMF) (FSE:4XO) (“Rover” or the “Company”) is pleased to announce that Phase 3 Exploration Drilling has commenced at its 100% owned Cabin Gold Project, NT, Canada. The goal of the Phase 3 program is to drill the highest-grade proven zones on the project, both at depth, and along surface strike. The Company will be targeting the Arrow Zone and the Beaver Zone during this program, which were the focus of the Company’s Phase 1 and Phase 2 Exploration Programs.
Arrow Zone Phase 3 On November 24, 2020, the Company reported on the confirmation and expansion of the historical results reported on by Aber Resources in the 1980s at the Arrow Zone. Drilling at Arrow (formerly the “Cabin Lake Zone”) in 2020 led to the discovery of a continuous high-grade gold ore shoot that extends 120m at surface, and dips northwest below Cabin Lake. Highlights of the 2020 results include DDH CL-20-08 which intersected 32m of 13.6 g/t Au. Hole CL-20-08 was drilled from the shoreline of Cabin Lake, out underneath the lake (with mineralization starting 12m from surface). The Company’s Phase 3 drill targets are out over the frozen ice of Cabin Lake and are designed to follow the Arrow ore shoot down dip and prove continuity at depths below 60m. The Company is planning a minimum of seven drill holes, averaging approximately 150m per hole at Arrow.
Beaver Zone Phase 3 On December 7, 2021, the Company reported on the infill and delineation of the historic Beaver Zone. Rover’s Dec-2021 drill results more than doubled the historic gold grades reported at Beaver. Highlights of the 2021 results include 6.4m of 4.63 g/t Au, including 2.6m of 7.80 g/t Au in the most southeastern part of the zone. On January 25, 2022, the Company also reported on a large IP anomaly discovery extending 200m southeast of the most southeastern drill hole (DDH CL-21-39) at the Beaver Zone. The IP anomaly has never been drilled and extends southeast parallel to the Arrow Zone. The Company is planning several near surface drill holes to test this anomaly, in the hopes that it will be able to extend the surface strike length at Beaver.
Technical information in this news release has been approved by David White, P.Geo., Technical Advisor of Rover and a Qualified Person for the purposes of National Instrument 43-101.
About Rover Metals Rover is a precious metals exploration company specialized in North American (Canada and U.S.) precious metal resources, which is currently advancing the gold potential of its existing projects in the Northwest Territories of Canada (60th parallel). The Company owns five gold projects. In additional to Phase 3 Exploration at Cabin, the Company’s secondary asset, the Up Town Gold Project (for which it retains a 25% ownership interest), Yellowknife, NT, Canada, also saw the completion of Phase 2 Exploration Drilling in Q4-2021, and the assay results are expected in Q1-2022.
ON BEHALF OF THE BOARD OF DIRECTORS “Judson Culter” Chief Executive Officer and Director
For further information, please contact: Email: info@rovermetals.com Phone: +1 (778) 754-2617
Statement Regarding Forward-Looking Information This news release contains statements that constitute “forward-looking statements.” Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause Rover’s actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects,” “plans,” “anticipates,” “believes,” “intends,” “estimates,” “projects,” “potential” and similar expressions, or that events or conditions “will,” “would,” “may,” “could” or “should” occur. There can be no assurance that such statements prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements, and readers are cautioned not to place undue reliance on these forward-looking statements. Any factor could cause actual results to differ materially from Rover’s expectations. Rover undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.
THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE REPRESENTS THE EXPECTATIONS OF THE COMPANY AS OF THE DATE OF THIS NEWS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE THE COMPANY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE LAWS.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OF THIS RELEASE.
THE COMPANY’S SHARES ARE NOT LISTED ON AN AUSTRALIAN STOCK EXCHANGE, AND DISSEMENIATION OF THIS NEWS RELEASE IN AUSTRALIA IS FOR INFORMATION PURPOSES ONLY.
VANCOUVER, BC / ACCESSWIRE / March 21, 2022 / (CSE:ROO) (OTC:JNCCF) (Frankfurt:5VHA) -RooGold Inc. (“RooGold” or the “Company“) is pleased to announce the appointment of Michael Singer to the Company’s board of directors. Mr. Singer replaces Warren Robb, who will stepping down to pursue other ventures.
Mr. Singer has extensive financial management, capital markets and corporate governance experience in the pharmaceutical and medical cannabis industries. He currently sits as a director of Aurora Cannabis Inc, having previously held the roles of interim CEO and Executive Chairman since May 2016. He formerly acted as the CFO of NASDAQ-listed Clementia Pharmaceuticals Inc., a Montreal based clinical stage biopharmaceutical company from May 2015 until July 2018. Michael has held numerous independent director roles in Canadian public health care companies. Michael is a chartered professional accountant (CPA, CGA) and holds a Graduate Diploma in Public Accounting from McGill University and a Bachelor of Commerce from Concordia University.
“We are very pleased to have Michael join our team at this time,” said Carlos Espinosa, President and CEO of RooGold. “Michael brings decades of experience in North American capital markets and an extensive network of contacts across many industries which will be of great benefit to the Company,” Mr. Espinosa continued “I would also like to thank Warren Robb for his valued contributions to RooGold, and wish him well in the future.”
Issuance of Stock Options
RooGold has issued 350,000 incentive stock options (the “Options“) to certain directors, officers, employees, and consultants of the Company. The Options have an exercise price of $0.30 and are exercisable for a period of five (5) years, expiring March 17, 2027. The Options will be subject to a two (2) year vesting schedule whereby 1/4th of the Options issued will vest every six (6) months from the Effective Date.
About RooGold Inc.
ROOGOLD is a Canadian based junior venture mineral exploration issuer which is uniquely positioned to be a dominant player in New South Wales, Australia, through a growth strategy focused on the consolidation and exploration of high potential, mineralized precious metals properties in this prolific region of Australia. Through its announced acquisitions of Southern Precious Metals Ltd., RooGold Ltd. and Aussie Precious Metals Corp. properties, RooGold commands a portfolio of 13 high-grade potential gold (9) and silver (4) concessions covering 1,380 km2 which have 137 historic mines and prospects.
This press release may contain forward-looking statements within the meaning of applicable securities law. Forward-looking statements are frequently characterized by words such as “plan”,”expect”, “project”, “intend”,”believe”, “anticipate”, “estimate” and other similar words, or statements that certain events or conditions “may” or “will” occur.
Although the Issuer believes that the expectations reflected in applicable forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. Such forward-looking statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in such statements.
NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Joining us for a conversation is John Carter to share the value proposition of Silver Bullet Mines, which hosts the Black Diamond Property, Buckeye Mine, McMorris Mine in Arizona and the recently acquired Washington Mine in Idaho. Silver Bullet Mines is a high-grade silver company with blue sky potential in porphyry copper. Silver Bullet Mines is going into production on the Buckeye Mine in Arizona, and the Washington Mine in Idaho! Both of these are past producing high-grade silver mines. In addition, Silver Bullet Mines owns a 100% Pilot Processing Plant. Watch now!
Geology of the Iska Iska Caldera Complex showing locations of Major Breccia Pipe targets, the Santa Barbara Resource Definition Target Zone and diamond drill holes completed and planned.
Figure 2
Preliminary W-E Geological Cross Section with Drill Holes METSBUG-01, METSBUG-02 and DSBU-03 (looking northwest)
Includes higher-grade sections in hole METSBUG-01 of:
261.14g Ag eq/t (24.65g Ag/t, 0.15% Zn, 0.14% Pb, 0.81% Cu and 0.19% Sn) over 22.56m
599.26g Ag eq/t (208.14g Ag/t, 0.28% Zn, 0.51% Pb, 0.56% Cu and 0.41% Sn) over 17.60m
324.72g Ag eq/t (12.49g Ag/t, 1.88% Zn, 1.26% Pb, 0.02% Cu and 0.31% Sn) over 30.01m
292.78g Ag eq/t (55.64g Ag/t, 2.70% Zn, 1.31% Pb, 0.02% Cu and 0.12% Sn) over 31.72m
Hole DSB-25, drilled approximately 400m northwest of hole METSBUG-01, intersected 25 reportable intersections with a best result of 205.13g Ag eq/t (25.01g Ag/t, 0.11g Au/t, 0.13% Cu and 0.25% Sn) over 81.11m including a higher-grade section of 428.83g Ag eq/t (55.88g Ag/t, 0.19g Au/t, 0.28% Cu and 0.53 %Sn) over 17.93m
TORONTO, March 16, 2022 (GLOBE NEWSWIRE) — Eloro Resources Ltd. (TSX-V: ELO; OTCQX: ELRRF; FSE: P2QM) (“Eloro”, or the “Company”) is pleased to announce assay results from an additional two (2) diamond drill holes from its on-going drilling program at the Iska Iska silver-tin polymetallic project in the Potosi Department, southern Bolivia. Hole METSBUG-01 is an underground hole drilled for metallurgical sampling purposes from the Santa Barbara adit, while step-out hole DSB-25 was drilled approximately 400m northwest of hole METSBUG-01. Both holes intersected major new extensions of the already large Santa Barbara mineralized zone.
The Company has completed 53,445m in 83 drill holes, including three holes in progress, as shown in Figure 1. Table 1 lists significant assay results from holes METSBUG-01 and DSB-25. Prices used for calculating Ag equivalent grades are as outlined in Eloro’s February 1, 2022, press release. Table 2 summarizes drill holes with assays pending. Highlights are as follows:
Santa Barbara Mineral Resource Target Area
Hole METSBUG-01, an underground hole drilled for metallurgical sampling purposes from the Santa Barbara adit, was drilled at azimuth 10 degrees at a dip of -35 degrees to intersect the midpoint of an intercept of 184.97g Ag eq/t (29.53g Ag/t, 0.08g Au/t, 1.45% Zn, 0.59% Pb, 0.08% Cu, 0.056% Sn) over 257.5m in discovery hole DHK-15 (see Eloro’s January 26, 2021 press release; 164.87g Ag eq/t recalculated, up from 129.60 g Ag eq/t, using current metal pricing) to provide a representative sample in the higher-grade mineralized area of the Santa Barbara breccia pipe (Figures 1 and 2 and Table 1).
This hole intersected 182.34g Ag eq/t (29.85g Ag/t, 1.01% Zn, 0.64% Pb, 0.11% Cu and 0.11% Sn) over its full length of 351.0m including higher-grade sections of:
261.14g Ag eq/t (24.65g Ag/t, 0.15% Zn, 0.14% Pb, 0.81% Cu and 0.19% Sn) over 22.56m from 2.94m to 25.50m,
599.26g Ag eq/t (208.14g Ag/t, 0.28% Zn, 0.51% Pb, 0.56% Cu and 0.41% Sn) over 17.60m from 46.66m to 64.26m. This section included a remarkable sample over 1.42m from 55.43m to 56.85m which assayed 5,106g Ag eq/t (1,730g Ag/t, 0.42g Au/t, 2.15% Bi, 6.33% Cu and 3.55% Sn),
324.72g Ag eq/t (12.49g Ag/t, 1.88% Zn, 1.26% Pb, 0.02% Cu and 0.31% Sn) over 30.01m from 92.89m to 122.90m,
292.78g Ag eq/t (55.64g Ag/t, 2.70% Zn, 1.31% Pb, 0.02% Cu and 0.12% Sn) over 31.72m from 241.28m to 273.00m
As shown in Figure 2, a SW-NE cross section looking northwest, hole METSBUG-01, along with previously released drill holes METSBUG-02 (see Eloro’s February 23, 2022 press release) and DSBU-03 (see Eloro’s March 1, 2022 press release) define a major high grade mineralized area that extends across a width of approximately 600m to a depth of a least 600m and is open along strike to the northwest and at depth. It is significant to note that hole METSBUG-01 was mineralized from top to bottom and terminated in mineralization.
Importantly, mineralization, especially areas with higher tin grades, appears coincident with elevated magnetic susceptibility (Figure 2). Areas of elevated magnetic susceptibility appear much more expansive than current volumes of rock that have been drill tested, a good indication that more mineralization is yet to be discovered.
Step-out hole DSB-25, drilled approximately 400m northwest of hole METSBUG-01, intersected 25 reportable intersections with a best result of 205.13g Ag eq/t (25.01g Ag/t, 0.1 g Au/t, 0.13% Cu and 0.25% Sn) over 81.11m from 356.93m to 439.04m including a higher-grade section of 428.83g Ag eq/t (55.88 g Ag/t, 0.19 g Au/t, 0.28% Cu and 0.53 %Sn) over 17.93m from 379.18m to 397.11m. This hole continues to confirm the extent of significant mineralization in the northwest extension area of Santa Barbara.
Tom Larsen, CEO of Eloro, commented: “We are continuing to intersect wide areas of higher-grade mineralization which will enhance our planned inaugural National Instrument 43-101 mineral resource estimate. Longer holes are planned in this very prospective area of the Santa Barbara target to better define the full extent of the higher-grade areas which remain open both along strike and downdip.”
Dr. Bill Pearson, P.Geo., Eloro’s Executive Vice President Exploration, added: “We are continuing to expand the extent of the remarkable silver-tin polymetallic mineralized system at Iska Iska. Additional holes are in progress to test the downdip and along strike extent of the high-grade zone in the southeastern part of the Santa Barbara target area. Drilling is also in progress, as outlined in the Eloro press release of March 1, 2022, to test the major targets in the Porco area indicated by the 3D inverse magnetic susceptibility model.”
Dr. Osvaldo Arce, P.Geo., General Manager of Eloro’s Bolivian subsidiary Minera Tupiza S.R.L. (“Minera Tupiza”), further commented: “Recent assays from drillholes METSBUG 1 and 2 and DSBU-03 have intersected highly enriched zones of Sn, Ag, Pb and Cu with local Au and Bi in stockworks, disseminations and a variety of breccia types including both volcanic explosive and later structurally controlled breccias. The strength and intensity of mineralization in these holes along with the elevated magnetic susceptibility which extends much further along strike and downdip suggests the possibility of a major feeder in this area.”
Table 1: Significant Results, Diamond Drilling, Santa Barbara Resource Definition Target Area as at March 16, 2022.
SANTA BARBARA RESOURCE DEFINITION TARGET ZONE
UNDERGROUND METALLURGICAL DRILL HOLE
Hole No.
From (m)
To (m)
Length (m)
Ag
Au
Zn
Pb
Cu
Sn
Bi
Cd
Ag eq
g/t
g/t
%
%
%
%
%
%
g/t
METSBUG-01
0.00
351.00
351.00
29.85
0.03
1.01
0.64
0.11
0.11
0.02
0.01
182.34
Incl
2.94
25.50
22.56
24.65
0.05
0.15
0.14
0.81
0.19
0.01
0.00
261.14
Incl
46.66
64.26
17.60
208.14
0.07
0.28
0.51
0.56
0.41
0.21
0.01
599.26
Incl
92.89
122.90
30.01
12.49
0.03
1.88
1.26
0.02
0.31
0.00
0.01
324.72
Incl
241.28
273.00
31.72
55.64
0.02
2.70
1.21
0.02
0.12
0.00
0.01
292.78
NORTHWEST EXTENSION DRILL HOLE
DSB-25
28.46
29.80
1.34
13.00
0.25
0.01
1.97
0.05
0.00
0.042
0.001
112.56
74.10
114.60
40.50
7.34
0.04
0.00
0.17
0.01
0.08
0.002
0.001
64.16
147.02
148.40
1.38
30.00
0.07
0.01
0.27
0.01
0.08
0.014
0.001
97.17
188.92
191.96
3.04
53.79
0.04
0.00
0.98
0.01
0.02
0.001
0.001
101.78
205.45
232.46
27.01
39.47
0.05
0.01
0.37
0.06
0.04
0.003
0.001
89.29
253.43
260.90
7.47
1.10
0.03
0.09
0.75
0.03
0.03
0.001
0.010
53.58
268.39
284.96
16.57
16.47
0.03
0.18
0.84
0.02
0.04
0.002
0.004
80.33
308.96
347.97
39.01
6.71
0.05
0.18
0.08
0.09
0.04
0.002
0.003
55.16
356.93
439.04
82.11
25.01
0.11
0.01
0.03
0.13
0.25
0.031
0.001
205.13
Incl.
379.18
397.11
17.93
55.88
0.19
0.01
0.04
0.22
0.53
0.086
0.001
428.83
463.20
511.86
48.66
1.09
0.02
0.03
0.47
0.01
0.12
0.001
0.029
94.26
539.20
542.20
3.00
4.50
0.08
0.87
0.20
0.01
0.01
0.006
0.030
67.28
564.70
570.69
5.99
2.61
0.04
0.02
0.01
0.05
0.09
0.006
0.003
65.41
591.03
593.99
2.96
4.48
0.07
0.01
0.00
0.15
0.14
0.035
0.001
120.46
612.04
615.03
2.99
6.99
0.12
0.00
0.01
0.08
0.08
0.005
0.001
73.20
630.04
643.52
13.48
3.99
0.17
0.01
0.00
0.09
0.04
0.005
0.001
57.42
663.01
664.51
1.50
7.00
0.06
0.04
0.02
0.57
0.02
0.363
0.001
168.61
682.50
685.53
3.03
10.53
0.02
0.05
0.00
0.26
0.14
0.004
0.001
133.31
691.50
697.50
6.00
4.37
0.16
0.10
0.01
0.05
0.04
0.078
0.001
67.41
703.50
713.87
10.37
9.46
0.53
0.39
0.01
0.08
0.06
0.183
0.001
145.81
719.90
725.82
5.92
4.29
0.03
0.39
0.15
0.06
0.05
0.014
0.001
67.07
739.43
742.41
2.98
3.00
0.07
0.30
0.07
0.06
0.04
0.061
0.001
69.46
755.97
760.52
4.55
4.89
0.17
0.18
0.03
0.08
0.07
0.043
0.001
86.36
766.54
768.03
1.49
7.00
0.04
0.19
0.03
0.19
0.09
0.032
0.001
101.64
772.54
778.59
6.05
6.23
0.10
0.75
0.05
0.20
0.06
0.042
0.003
121.20
796.54
798.03
1.49
3.00
0.09
0.11
0.09
0.06
0.03
0.347
0.001
107.40
Note: True width of the mineralization is not known at the present time, but based on the current understanding of the relationship between drill orientation/inclination and the mineralization within the breccia pipes and the host rocks such as sandstones and dacites, it is estimated that true width ranges between 70% and 90% of the down hole interval length but this will be confirmed by further drilling and geological modelling.
Chemical symbols: Ag= silver, Au = gold, Zn = zinc, Pb = lead, Cu = copper, Sn = tin, Bi = bismuth, Cd = cadmium and g Ag eq/t = grams silver equivalent per tonne. Quantities are given in percent (%) for Zn, Pb Cu, Sn, Bi and Cd and in grams per tonne (g/t) for Ag, Au and Ag eq.
Metal prices and conversion factors used for calculation of g Ag eq/t (grams Ag per grams x metal ratio) are as follows (Prices updated as of February 1, 2022, to more accurately reflect current metal prices):
Element
Price $US (per kg)
Ratio to Ag
Ag
$722.56
1.0000
Sn
$42.56
0.0589
Zn
$3.30
0.0046
Pb
$2.33
0.0032
Au
$57,604.00
79.7221
Cu
$9.68
0.0134
Bi
$12.76
0.0177
Cd
$5.50
0.0076
In calculating the intersections reported in this press release a sample cutoff of 30 g Ag eq/t was used with generally a maximum dilution of 3 continuous samples below cutoff included within a mineralized section unless more dilution is justified geologically.
The equivalent grade calculations are based on the stated metal prices and are provided for comparative purposes only, due to the polymetallic nature of the deposit. Metallurgical tests are in progress by Blue Coast Ltd. to establish levels of recovery for each element reported but currently the potential recovery for each element has not yet been established. While there is no assurance that all or any of the reported concentrations of metals will be recoverable, Bolivia has a long history of successfully mining and processing similar polymetallic deposits which is well documented in the landmark volume “Yacimientos Metaliferos de Bolivia” by Dr. Osvaldo R. Arce Burgoa, P.Geo.
Table 2: Summary of Diamond Drill Holes Completed with Assays Pending and Drill Holes in Progress at Iska Iska from March 16, 2022 press release.
Hole No.
Type
Collar Easting
Collar Northing
Elev
Azimuth
Angle
Hole Length m
Surface Drilling Northwest Extension Santa Barbara
DSB-14
S
205283.0
7656587.2
4175.0
225
-65
968.5
DSB-16
S
204973.1
7657053.8
4165.0
225
-65
862.0
DSB-17
S
7656765.4
205131.3
4173.0
225
-40
841.0
DSB-18
S
7656676.3
205207.1
4175.0
225
-40
890.4
DSB-19
S
7656676.3
205207.1
4175.0
225
-65
803.3
DSB-22
S
7657208.4
204799.4
4145.0
225
-40
258.4
DSB-23
S
205341.0
7656535.0
4177.0
225
-40
661.3
DSB-24
S
205341.0
7656535.0
4177.0
225
-65
343.4
DSB-26
S
205044.5
7656982.6
4150.0
225
-40
815.4
DSB-27
S
205044.5
7656982.6
4150.0
225
-65
800.4
Subtotal
7244.1
Underground Drilling Santa Barbara Adit
DSBU-4
UG
205285.2
7656074.8
4165.0
180
-20
570.0
DSBU-5
UG
205285.2
7656074.8
4165.0
0
-40
491.7
DSBU-6
UG
205285.2
7656074.8
4165.0
0
-65
253.5
DSBU-7
UG
205284.5
7656080.0
4167.1
235
-50
800.9
Subtotal
2116.1
DSBU-8
UG
205284.5
7656080.0
4167.1
200
-50
In progress
Surface Drilling South Extension Santa Barbara
DSBS-01
S
205300.0
7655563.0
4204.0
30°
-30
700.8
Subtotal
700.8
DSBS-02
S
205300.0
7655563.0
4204.0
0°
-45
In progress
Porco Target Area – Surface Drill Program
DPC-04
S
205457.2
7655110.9
4175.0
0
-60
371.4
DPC-05
S
205457.2
7655110.9
4175.0
90
-60
407.5
DPC-06
S
205457.2
7655110.9
4175.0
243
-60
716.4
DPC-07
S
205090.0
7655343.7
4310.0
235
-65
791.4
DPC-08
S
205456.2
7655113.4
4175.9
243
-60
800.4
Subtotal
2295.7
DPC-09
S
205090.0
7655343.7
4310.0
235
-65
In progress
TOTAL
12,356.7
S = Surface UG=Underground; collar coordinates in metres; azimuth and dip in degrees. Total drilling completed since the start of the program on September 13, 2020 to December 17, 2021 is 40,468 m in 73 holes (26 underground holes and 47 surface holes). From re-start of drilling on January 17, 2022, an additional 12,977m has been completed bringing the overall total to 53,445m in 83 drill holes (28 underground drill holes and 55 surface drill holes) including 3 holes in progress.
Dr. Osvaldo Arce, P. Geo., General Manager of Minera Tupiza, and a Qualified Person in the context of NI 43-101, has reviewed and approved the technical content of this news release. Dr. Bill Pearson, P.Geo., Executive Vice President Exploration Eloro, and who has more than 45 years of worldwide mining exploration experience including extensive work in South America, manages the overall technical program working closely with Dr. Osvaldo Arce, P.Geo., Manager of Minera Tupiza. Dr. Quinton Hennigh, P.Geo., Senior Technical Advisor to Eloro and Independent Technical Advisor, Mr. Charley Murahwi P. Geo., FAusIMM of Micon International Limited are regularly consulted on technical aspects of the project.
The magnetic survey was carried out by MES Geophysics using a GEM Systems GSM-19W Overhauser magnetometer. Dr. Chris Hale, P.Geo. and Mr. John Gilliatt, P.Geo. of Intelligent Exploration provided the survey design, preparation of the maps and interpretation from data processed and quality reviewed by Rob McKeown, P. Geo. of MES Geophysics. Messrs. Hale, Gilliatt and McKeown are Qualified Persons as defined under NI 43-101. Mr. Joe Mihelcic, P.Eng., P.Geo., a QP under NI 43-101, of Clearview Geophysics completed the 3D magnetic inversion model in consultation with Dr. Chris Hale, P.Geo. and Mr. John Gilliatt, P.Geo. of Intelligent Exploration.
Eloro is utilizing both ALS and AHK for drill core analysis, both of whom are major international accredited laboratories. Drill samples sent to ALS are prepared in both ALS Bolivia Ltda’s preparation facility in Oruro, Bolivia and the preparation facility operated by AHK in Tupiza with pulps sent to the main ALS Global laboratory in Lima for analysis. More recently Eloro has had ALS send pulps to their laboratory at Galway in Ireland. Eloro employs an industry standard QA/QC program with standards, blanks and duplicates inserted into each batch of samples analyzed with selected check samples sent to a separate accredited laboratory.
Drill core samples sent to AHK Laboratories are prepared in a preparation facility installed and managed by AHK in Tupiza with pulps sent to the AHK laboratory in Lima, Peru. Au and Sn analysis on these samples is done by ALS Bolivia Ltda in Lima. Check samples between ALS and AHK are regularly done as a QA/QC check. AHK is following the same analytical protocols used as with ALS and with the same QA/QC protocols. Turnaround time continues to improve and it is hoped that most of the sample backlog will be cleared in the next 4-6 weeks.
About Iska Iska
Iska Iska silver-tin polymetallic project is a road accessible, royalty-free property, wholly controlled by the Title Holder, Empresa Minera Villegas S.R.L. and is located 48 km north of Tupiza city, in the Sud Chichas Province of the Department of Potosi in southern Bolivia. Eloro has an option to earn a 99% interest in Iska Iska.
Iska Iska is a major silver-tin polymetallic porphyry-epithermal complex associated with a Miocene possibly collapsed/resurgent caldera, emplaced on Ordovician age rocks with major breccia pipes, dacitic domes and hydrothermal breccias. The caldera is 1.6km by 1.8km in dimension with a vertical extent of at least 1km. Mineralization age is similar to Cerro Rico de Potosí and other major deposits such as San Vicente, Chorolque, Tasna and Tatasi located in the same geological trend.
Eloro began underground diamond drilling from the Huayra Kasa underground workings at Iska Iska on September 13, 2020. On November 18, 2020, Eloro announced the discovery of a significant breccia pipe with extensive silver polymetallic mineralization just east of the Huayra Kasa underground workings and a high-grade gold-bismuth zone in the underground workings. On November 24, 2020, Eloro announced the discovery of the SBBP approximately 150m southwest of the Huayra Kasa underground workings.
Subsequently, on January 26, 2021, Eloro announced significant results from the first drilling at the SBBP including the discovery hole DHK-15 which returned 129.60 g Ag eq/t over 257.5m (29.53g Ag/t, 0.078g Au/t, 1.45%Zn, 0.59%Pb, 0.080%Cu, 0.056%Sn, 0.0022%In and 0.0064% Bi from 0.0m to 257.5m). Subsequent drilling has confirmed significant values of Ag-Sn polymetallic mineralization in the SBBP and the adjacent CBP. A substantive mineralized envelope which is open along strike and down-dip extends around both major breccia pipes. Continuous channel sampling of the Santa Barbara Adit located to the east of SBBP returned 442 g Ag eq/t (164.96 g Ag/t, 0.46%Sn, 3.46% Pb and 0.14% Cu) over 166m including 1,092 g Ag eq/t (446 g Ag/t, 9.03% Pb and 1.16% Sn) over 56.19m. The west end of the adit intersects the end of the SBBP.
Since the initial discovery hole, Eloro has released a number of significant drill results in the SBBP and the surrounding mineralized envelope which along with geophysical data has defined a target zone 1400m along strike, 500m wide and that extends to a depth of 600m. This zone is open along strike to the northwest and southeast as well as to the southwest. The Company’s nearer term objective is to outline a maiden NI 43-101 compliant mineral resource within this large target area. This work is advancing well with the mineral resource targeted to be completed in Q2 2022. Exploration drilling is also planned on other major targets in the Iska Iska Caldera Complex including the Porco and Mina 2 areas.
About Eloro Resources Ltd.
Eloro is an exploration and mine development company with a portfolio of gold and base-metal properties in Bolivia, Peru and Quebec. Eloro has an option to acquire a 99% interest in the highly prospective Iska Iska Property, which can be classified as a polymetallic epithermal-porphyry complex, a significant mineral deposit type in the Potosi Department, in southern Bolivia. Eloro commissioned a NI 43-101 Technical Report on Iska Iska, which was completed by Micon International Limited and is available on Eloro’s website and under its filings on SEDAR. Iska Iska is a road-accessible, royalty-free property. Eloro also owns an 82% interest in the La Victoria Gold/Silver Project, located in the North-Central Mineral Belt of Peru some 50 km south of Barrick’s Lagunas Norte Gold Mine and Pan American Silver’s La Arena Gold Mine. La Victoria consists of eight mining concessions and eight mining claims encompassing approximately 89 square kilometres. La Victoria has good infrastructure with access to road, water and electricity and is located at an altitude that ranges from 3,150 m to 4,400 m above sea level.
For further information please contact either Thomas G. Larsen, Chairman and CEO or Jorge Estepa, Vice-President at (416) 868-9168.
Information in this news release may contain forward-looking information. Statements containing forward-looking information express, as at the date of this news release, the Company’s plans, estimates, forecasts, projections, expectations, or beliefs as to future events or results and are believed to be reasonable based on information currently available to the Company. There can be no assurance that forward-looking statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. Readers should not place undue reliance on forward-looking information.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
Burlington, Ontario–(Newsfile Corp. – March 15, 2022) – Silver Bullet Mines Corp. (TSXV: SBMI) (‘SBMI’ or ‘the Company’) announces it has made a production decision for its Washington Mine on patented land in Idaho. Upon review of the historical records, SBMI’s 2021 and 2022 field programs, the proposed budget, the success of the financing announced February 9 of this year, the existing infrastructure and the current data including SBMI’s blended bulk sample that yielded 55.5 ounces silver per tonne, the board has decided to initiate mining at the Washington Mine.
It is the Company’s plan to widen the existing adit, make the area safe for work, proceed to the historical workings and extract mineralized material. To that end SBMI is in discussions with an experienced contract miner to commence such work as soon as reasonably possible, subject to a due diligence site visit.
This part of the Washington Mine was last mined in the 1980’s when a bulk sample was removed by the then-owner and processed by Hecla Mining. That bulk sample resulted in a grade of 44 ounces silver per tonne and 10 grams of gold per tonne. (All historical references pre-date NI43-101 and the work involved was not carried out by SBMI. SBMI does not know what processes were followed for any such work or whether the work was carried out under the supervision of a Qualified Person. Such historical references cannot be relied upon until further work is carried out.)
The Washington Mine overall first saw production in the late 1800’s with an average gold grade of one ounce per ton. It again produced gold in the 1930’s during which time the then-owner lacked the process capability needed to produce silver, so a decision was then made to block out the silver mineralization with the intention of returning at a future date to extract it. To the best of SBMI’s knowledge, the blocked-out volume remains in situ. A historical report indicates the blocked-out volume contains an estimated 3 million ounces of silver with a grade of 30 to 90 ounces per ton and 15,000 ounces of gold at 0.3 ounces per ton. (Source, “Geological Evaluation”, Roger G. Stoker, P.G. and Ryne C. Stoker, Student Geologist, Energy Services Inc., December, 1981.)
The historical records and existing infrastructure suggest SBMI should be able to in the short-term extract a bulk sample of 1,500 to 3,000 tonnes of mineralized material from that blocked-out volume. After a brief pause to assess the results of the bulk sample and to inspect more of the existing infrastructure, the Company would continue extracting material from this part of the mine and also develop a ramp to the high-grade parallel structure identified in last year’s field program. (see press release of December 15, 2021).
The Company is waiting on metallurgical testing results from Montana Technical University to enable SBMI to create an appropriate flowsheet and recovery parameters, following which the Company intends to reach terms with a third-party mill in Idaho. The resulting processed silver and other materials will be sold to local smelters at spot prices. The Company is also in discussions with two commodity brokers interested in buying the expected concentrate. There is a risk the Company will not be able to reach agreement with any of these counter-parties, including the contract miner.
In anticipation of start-up the Company has received its mine ID number and is completing the MSHA application. Other permitting is limited as the Washington Mine is on patented land.
“These are very exciting times for Silver Bullet Mines as we rapidly approach commencement of mining operations at the Buckeye Mine in Arizona and move simultaneously to mining in Idaho,” said A. John Carter, SBMI’s CEO. “Revenue generated from both mines can fund exploration programs to attack the past-producing McMorris Mine, increase production capacity at our 100%-owned modular mill, and explore the potential for a copper porphyry at our Black Diamond Property.”
The financing announced February 9, 2022 has closed two tranches totalling $1,574,075. There will be at least one more closing before March 26, 2022. This successful financing means SBMI is well funded to finance the opening of both the Buckeye and Washington Mines.
Please visit the website at www.silverbulletmines.com for pictures, video and technical information, or find us in the metaverse in Horizon Worlds.
For further information, please contact:
John Carter Silver Bullet Mines Corp., CEO cartera@sympatico.ca +1 (905) 302-3843
Peter M. Clausi Silver Bullet Mines Corp., VP Capital Markets pclausi@brantcapital.ca +1 (416) 890-1232
Cautionary and Forward-Looking Statements
This news release contains certain statements that constitute forward-looking statements as they relate to SBMI and its subsidiaries. Forward-looking statements are not historical facts but represent management’s current expectation of future events, and can be identified by words such as “believe”, “expects”, “will”, “intends”, “plans”, “projects”, “anticipates”, “estimates”, “continues” and similar expressions. Although management believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that they will prove to be correct.
By their nature, forward-looking statements include assumptions, and are subject to inherent risks and uncertainties that could cause actual future results, conditions, actions or events to differ materially from those in the forward-looking statements. If and when forward-looking statements are set out in this new release, SBMI will also set out the material risk factors or assumptions used to develop the forward-looking statements. Except as expressly required by applicable securities laws, SBMI assumes no obligation to update or revise any forward-looking statements. The future outcomes that relate 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 thoroughness of its QA/QA procedures; the continuity of the global supply chain for materials for SBMI to use in the production and processing of ore; shareholder and regulatory approvals; activities and attitudes of communities local to the location of the SBMI’s properties; risks of future legal proceedings; income tax matters; fires, floods and other natural phenomena; the rate of inflation; availability and terms of financing; distribution of securities; commodities pricing; currency movements, especially as between the USD and CDN; effect of market interest rates on 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.
