Silver Bullet Mines Corp. (SBMI) has announced significant gold assay results from the Columbia / Gold Queen Complex located in Arizona. The findings mark an important operational update for the company as it advances exploration, logistical development, and mineral extraction across its properties. The comprehensive technical disclosure details high-grade findings, historical comparisons, modern infrastructure upgrades, and analytical results verified under regulatory guidelines.
What Changed
Silver Bullet Mines Corp. released a series of assay results derived from multiple zones within the Columbia / Gold Queen Complex. The complex comprises the past-producing Columbia Mine, the past-producing Gold Queen Mine, past-producing Steamboat Mine, at least four other newly-discovered potential high-grade gold zones, and large surface stockpiles distributed over a property measuring roughly 400 acres (169.9 hectares).
As part of its operational overhaul, SBMI has upgraded site accessibility. Historically, material taken from the Gold Queen was carried out by mule, with a healthy pack mule carrying 200 pounds of dead weight. To modernize these logistics, SBMI built a road to the Columbia Mine and is actively completing a road to the Gold Queen Mine. This infrastructure change enables the deployment of modern heavy equipment, such as a 25-ton truck, vastly increasing the efficiency and scale of material handling compared to historical packing methods.
Field Observations and Sampling Data
Field exploration teams collected crumbly channel chip samples from the roof near the portal of the Steamboat Mine. These samples focused on a pinch-and-swell vein measuring 0.5 to 1 metre wide, alongside a separate 2-metre-wide vein. The first eight samples from the Steamboat Mine were sent to Activation Laboratories for independent testing and returned anomalous gold values. The top three samples from this laboratory batch reported gold values of 3.5 g/t, 2.9 g/t, and 2.7 g/t, accompanied by positive silver, copper, zinc, and iron analytical results.
In addition to the third-party laboratory tests, five samples collected from a stockpile near the newly constructed road were assayed at SBMI’s in-house lab fire assay facilities. These in-house tests demonstrated gold values ranging from 0.3 opt (10.29 g/t) to 0.8 opt (27.43 g/t). Furthermore, samples originating directly from the Columbia and Gold Queen locations yielded even higher in-house assay results, including up to 1.2 opt (41.14 g/t) for sample 3cgd. According to the company’s disclosures, no deleterious elements were found in any of the described assays.
Building upon the accessible surface material, SBMI produced roughly six thousand pounds of concentrate from a stockpile near the new road as of October 6, 2026. The company noted that it is currently awaiting third-party laboratory assay results for this concentrated material to further verify its precise composition and market readiness.
Business and Operational Implications
The company states that these incoming assay results are directly guiding management toward the production of higher-grade saleable concentrate from its central processing mill located in Globe, Arizona. Field observations indicate that mineralization is widely spread throughout the complex in numerous quartz veins and gossans, suggesting broad structural potential across the 400-acre project area.
Furthermore, technical teams have mapped potential structural intersections. It is possible that there will be an intersection of the mineralized structure that the adit is following with a series of east-west oriented veins, a geological mechanism that could potentially form chimneys of mineralized material. These structural insights inform ongoing underground and surface exploration strategies.
Limitations and Risks
Despite the promising figures and operational progress, several geological and commercial caveats apply to the data. Company disclosures explicitly note that samples are random by nature and may not be representative of their exact collection location or of the Columbia / Gold Queen Complex generally. Furthermore, forward-looking statements carry inherent risks, and there can be no assurance that these operational projections or exploratory hypotheses will prove to be correct in practice.
Attribution and Compliance
The reported assay data, field observations, and technical disclosures were overseen, reviewed, and validated by Mr. Robert G. Komarechka, P.Geo., who serves as the independent Qualified Person for the release in accordance with TSXV requirements and National Instrument 43-101 section 3.1.