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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.