John Carter on how the Legendary Lone Ranger series sheds light on the Silver Bullet Mines' history

April 11, 2024 - In this InvestorNews interview with host Tracy Weslosky, John Carter, CEO and Director of Silver Bullet Mines Corp. (TSXV: SBMI | OTCQB: SBMCF), delves into the unique origin story of the company and its innovative approach to mining and silver production. Carter recounted a story linking their McMorris Mine to the legendary Lone Ranger series, shedding light on the mine's history. He explained that the author of the Lone Ranger book “actually came out to the McMorris Mine and bought silver directly from the mine, which they used to make silver bullets for promoting the Lone Ranger series." This historical tidbit not only underscores the mine's storied past but also serves as a testament to its long-standing significance in silver production.
Further into the discussion, Carter highlighted SBMI's unconventional strategy towards mining and financial sustainability. With over 40 years of experience, Carter has witnessed the cyclic challenges of the sector, including the need for continuous capital raising and its dilutive effects on shareholders. SBMI's strategy circumvents these issues by reactivating past-producing mines and utilizing existing resources to fund further exploration and development, rather than relying solely on external financing. This model is currently being applied in Arizona and Idaho, with the company already "producing silver" in Arizona and planning to use the generated revenues to bolster exploration efforts.
Furthermore, the recent strategic business alliance with Countryman Investments and the appointment of Dave Richardson to SBMI's Advisory Board signal a significant strengthening of the company's financial and operational capabilities.
About Silver Bullet Mines Corp.
Silver Bullet Mines Corp. (SBMI) is making headway in the gold and silver production industry. SBMI recently revealed a third potential revenue stream through a partnership to process around 900 pounds of high-grade gold concentrate at its Globe, Arizona facility, benefiting from its advanced gravity circuit. Besides this, SBMI’s primary operations focus on silver extraction from the Buckeye Silver Mine and silver/gold production at its Washington Mine in Idaho, to be processed at its fully operational mill. The company recently reported promising high-grade silver findings from the Treasure Room and is working on a financing strategy for its operations. An ambitious goal is to stabilize the Treasure Room for deeper exploration. Another highlight was the successful interception of a mineral-rich zone at the Buckeye Mine, known as “Zone1,” believed to contain higher-grade silver. The company plans to continue mining this vein and refine the material at its Globe mill. Recent developments position SBMI as a leading player in silver mining, suggesting a bright future for the company and its investors.
Disclaimer: Silver Bullet Mines Corp. is an advertorial member of InvestorNews Inc.
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