11:21 AM EST, 03/07/2025 (MT Newswires) -- Silver Bullet Mines ( SBMCF ) , up 8% in late morning trade, on Friday said the Super Champ Mine in Arizona is demonstrating the potential to be a significant cost-effective gold and silver producer.

The company has taken samples from a vein, the highest of which assayed 405.4 ounces per ton silver. All samples returned silver. The vein is roughly 70 feet from an adit opening, which has so far been advanced over 25 feet. Accessing the mineralization at depth will provide unoxidized mineralized material for feed the company's mill in Globe, Arizona, Silver Bullet said.

"Through a combination of hard work and the efforts of the Arizona mining team, the Super Champ is quickly demonstrating the potential to be a significant cost-effective gold/silver producer. Events are unfolding rapidly as we blast into the surface material, delineate the vein over 1500 feet, and clear most of the overburden. It is incredible that we are driving a development adit already when we only began work in earnest here in November, 2024," chief executive John Carter noted.

The company's shares were last seen up $0.015 to $0.20 on the TSX Venture Exchange.

Price: 0.20, Change: +0.02, Percent Change: +8.11