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The latest update is out from Balkan Mining and Minerals Ltd ( (AU:BMM) ).
Bayan Mining and Minerals has submitted a Notice of Intent to the U.S. Forest Service for its maiden Phase 1 drilling program at the Bayan Springs South Project in Nevada, marking a key permitting milestone as the company advances its Carlin-style gold exploration strategy in a tier-one jurisdiction. The company has also engaged veteran Nevada geologist and former Barrick Gold district geologist Charles Weakly as a senior consultant to refine and prioritise drill targets, integrating CSAMT geophysics, detailed geological interpretation and high-grade surface gold results to optimise drill collar locations and hole orientations; these steps are intended to de-risk and sharpen the focus of a high-impact initial drill campaign on the most prospective feeder structures in close proximity to established Carlin-style production.
The most recent analyst rating on (AU:BMM) stock is a Hold with a A$0.09 price target. To see the full list of analyst forecasts on Balkan Mining and Minerals Ltd stock, see the AU:BMM Stock Forecast page.
More about Balkan Mining and Minerals Ltd
Bayan Mining and Minerals Ltd is an ASX-listed exploration company focused on gold, with key assets in Nevada, USA. Its Bayan Springs South Project targets structurally controlled, Carlin-style gold mineralisation hosted in Cambrian carbonate sequences within a world-class gold belt located near major existing operations such as Kinross Gold’s Bald Mountain mine.
Average Trading Volume: 1,319,777
Technical Sentiment Signal: Sell
Current Market Cap: A$12.56M
See more data about BMM stock on TipRanks’ Stock Analysis page.