Advertisement

Black Mountain Resources identifies high grade silver at Bonanza

Black Mountain Resources, the AIM-listed silver-focused development company with interests in the US, has reported that high grade silver of up to 1,684 grams per tonne (g/t) has been returned from samples at the

Black Mountain Resources, the AIM-listed silver-focused development company with interests in the US, has reported that high grade silver of up to 1,684 grams per tonne (g/t) has been returned from samples at the

Bonanza Drive at the company's New Departure Silver Project located in Montana,US.

The company said that the initial grab samples were taken from the historic stopes and existing pillars as well as the face of the Silver Springs drift in the Bonanza Zone.

Advertisement - Article continues below

In addition to high silver grades, the company said that the assay results represented an outstanding positive as an initial step in confirming both the extensive historic data available from previous workings and extensions to the historic mineralisation.

A daily production sampling program is currently underway as the company

continues to develop the existing workings and the Bonanza Drive as part of its ongoing mining activities to access previously identified mineralisation areas in the Bonanza Zone.

Further samples taken from visually identified veins in a side drift out of the main structure near the Silver Springs tunnel area returned results of up to 93.4g/t of silver and 5.45g/t of gold, the group added.

Pete Landau, Chairman of Black Mountain, commented: "These are exceptional assay results which underpin the high grade silver credentials and the extensive historic data available for the New Departure Silver Project. We are now ideally positioned to finalise toll treatment arrangements with nearby mills and we look forward to updating shareholders in the coming weeks as we hit these exciting pre-production milestones."

Black Mountain Resources' share price was up 1.28% to 9.88p at 12:36 on Friday.

MF

Advertisement
Advertisement

Recommended

Visit/investments/investment-strategy/601044/broker-safety-your-questions-answered
Investment strategy

Broker safety – your questions answered

Cris Sholto Heaton answers more of your questions about the safety of stockbroker accounts
25 Mar 2020
Visit/investments/investment-strategy/600861/how-demographics-affects-stock-valuations
Investment strategy

How demographics affects stock valuations

New research suggests that stock and bond valuations are driven by the age of the population – at least in the US.
24 Feb 2020
Visit/investments/stocks-and-shares/600863/sirius-minerals-anglo-american-takeover
Stocks and shares

Do you own shares in Sirius Minerals? Here’s what you need to do now

Mining giant Anglo American has proposed a cash takeover of Yorkshire-based minnow Sirius Minerals. Unhappy shareholders must decide whether to accept…
20 Feb 2020
Visit/investments/stockmarkets/600634/why-investors-should-be-cautiously-bullish-for-2020
Stockmarkets

Why investors should be “cautiously bullish” for 2020

Analysts have been out in force making rosy predictions for stockmarkets in 2020, but while there is certainly a case for optimism, investors should r…
17 Jan 2020

Most Popular

Visit/investments/property/601606/house-prices-crash-uk-property-prices-falling-where-next
Property

House price crash: UK property prices are falling – so where next?

With UK property prices falling for the first time in eight years, are we about to see a house price crash? John Stepek looks at what’s behind the sli…
2 Jul 2020
Visit/economy/inflation/601584/the-end-of-the-bond-bull-market-and-the-return-of-inflation
Inflation

The end of the bond bull market and the return of inflation

Central bank stimulus, surging post-lockdown demand and the end of the 40-year bond bull market. It all points to inflation, says John Stepek. Here’s …
30 Jun 2020
Visit/investments/investment-strategy/601567/have-small-companies-lost-their-edge
Sponsored

Have small companies lost their edge?

SPONSORED CONTENT – The tectonic plates beneath the modern investing landscape appear to have started moving in new directions
26 Jun 2020