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

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.

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