Silver Bullet Mines (TSXV: SBMI; OTCQB: SBMCF) has reported new developments from its wholly-owned KT Mine in Arizona, including a significant increase in concentrate grades and the discovery of visible gold in recent blasting.
The company announced that gold concentrate produced during recent mill runs from the KT Mine has reached over 27 ounces per ton. This represents a substantial improvement as the company continues to refine its milling process. Samples from this high-grade concentrate have been sent to a third-party laboratory for multi-element analysis, with results pending.
Visual inspections of material processed on the shaker table revealed a distinct line of gold alongside lead and silver. Images provided by SBMI show both the shaker table concentrate line and visible gold in blasted rock at the site. Approximately 150 to 200 tons of blasted material containing visible gold are stockpiled at the mine, awaiting shipment to the mill. The company cautioned that there is no assurance further visible gold will be found.
Operations and Site Development
Since resuming work at the KT Mine, SBMI has processed about 125 tons of material, a mixture of older waste rock and new ore. This has produced over two tons of high-grade concentrate. Management indicated it intends to gradually shift away from processing legacy waste rock and increase throughput of newly mined, higher-grade material as the company transitions to full-scale underground mining.
Site preparation work has included timbering and fireproofing the adit opening, blasting out the floor of the entryway for better underground access, installing ventilation systems, preparing for rock bolting, and implementing safety measures to comply with MSHA and Arizona Department of Mines requirements.
Underground assays have yielded a head grade of 0.8 oz/ton gold as of late September, suggesting higher grades may be achievable as the operation moves away from surface material.
SBMI’s operational strategy is built around what it describes as a “hub and spoke” model. Under this approach, the company’s central mill processes ore from nearby properties, which act as the spokes. Currently, the KT Mine is supplying high-grade gold while the SC Mine contributes silver concentrate.
Revenues from both operations are expected to be directed toward upgrading the mill to handle greater capacity, process sulphide ore, and improve recovery of metals such as lead, copper, and zinc. The company also plans to enhance its assay laboratory in light of the high-grade material being processed.
Longer-term plans include financing an exploration program in Arizona, likely beginning in late 2025 or early 2026, and maintaining working capital without the need for additional financings. Management has also indicated it may evaluate the potential for a copper porphyry, referencing its NI 43-101 technical report filed in January 2023. Operations at both the KT and SC Mines, as well as the mill, were temporarily disrupted by a historic rainstorm in the Globe area over the past weekend. The storm caused widespread damage in the region, with four confirmed fatalities, 15 people missing, and significant damage to local businesses. SBMI reported that its infrastructure sustained no lasting harm and that after minor cleanup, activities resumed.
Share Issuances and Consulting Agreement
SBMI confirmed it is continuing to fulfill obligations under a consulting agreement entered into in December 2023. Under this contract, the consultant provides services over a 36-month period at $10,000 per month, payable in shares. To date, the company has issued 187,500 shares at $0.16 per share in June 2025 and an additional 113,208 shares at $0.265 per share in September 2025.
The post Silver Bullet Mines (TSXV:SBMI) Reports Higher Gold Concentrate Grades and Visible Gold at KT Mine in Arizona appeared first on MiningFeeds.
