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Balkan Mining and Minerals Ltd ( (AU:BMM) ) has issued an announcement.
Bayan Mining and Minerals Ltd announced the successful completion of a reconnaissance prospecting and geochemical sampling program at its Bayan Springs Project in Nevada. The program confirmed the presence of multiple gold-arsenic-antimony anomalous zones consistent with Carlin-style mineralization, generating several targets for further exploration. High-grade gold assays and elevated levels of pathfinder elements like arsenic and antimony were identified, indicating a robust geochemical footprint similar to nearby significant deposits. The findings support the project’s potential and align with geological features of the Bald Mountain deposit, reinforcing the prospectivity of the Bayan Springs South area. The company plans to advance to systematic sampling and geophysics to refine and identify potential drill targets.
More about Balkan Mining and Minerals Ltd
Bayan Mining and Minerals Ltd is a company operating in the mining industry, focusing on the exploration and development of mineral resources. Its primary market focus is on gold and silver mineralization, particularly in areas with potential for Carlin-style systems, such as the Bayan Springs Project in north-eastern Nevada, USA.
Average Trading Volume: 690,236
Technical Sentiment Signal: Sell
Current Market Cap: A$2.98M
For an in-depth examination of BMM stock, go to TipRanks’ Stock Analysis page.