Silver Bullet Mines Acquires Columbia and Gold Queen Past Producing Mines in Arizona
Silver Bullet Mines Corp. has acquired the Columbia Mine and Gold Queen Mine in Gila County, Arizona, adding to its portfolio. These past producing mines are less than 30 miles from the company's mill in Globe, Arizona. The acquisition aims to enhance near-term production and advance historical resources to NI43-101 standards. The company plans to evaluate stockpiles for recovery of gold, silver, and copper, and has a direct ship material contract with a major buyer in place.
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Silver Bullet Mines Corp. has announced the acquisition of the Columbia Mine and Gold Queen Mine in Gila County, Arizona. These mines, contiguous to each other, are situated less than 30 miles from SBMI's mill in Globe, Arizona.
The acquisitions, consisting of twelve BLM mineral claims previously held by Phelps Dodge Corporation, are expected to provide near-term production and potential for historical resource advancement to NI43-101 standards. SBMI has confirmed the material from the mines can be processed at its mill, and is preparing to evaluate stockpiles for possible recovery of gold, silver, and copper.
A direct ship material contract is already in place, pending final material analysis. The acquisition involved a small cash payment, with no shares or royalties required.
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