11:17 AM EST, 11/22/2024 (MT Newswires) -- Silver Bullet Mines ( SBMCF ) on Friday said contract mining is underway at the Washington Mine in Idaho.

The company said it will initially target an historic area last tested in the 1980's. Results from a bulk sample taken by the previous owner ran 44 ounces of silver and 0.1 ounces of gold per ton. Subsequent random sampling completed by SBMI from various locations underground including the Target Zone ran 58.5 ounces per ton silver.

Silver Bullet believes it has discovered another high grade gold/silver zone parallel to the Target Zone as well as the location of a possible extension.

The company's shares were last seen up $0.005 to $0.135 on the TSX Venture Exchange.

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