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The latest update is out from James Bay Minerals Limited ( (AU:BKB) ).
Black Bear Minerals has reported multiple new gold-silver intercepts from its first reverse circulation drilling at the Rebel Peak area of the Independence Project in Nevada, extending mineralisation along the Rebel Trend by 280 metres north of previous drilling and confirming gold lodes across the northern half of the project. The step-out holes returned thick intervals with grades consistent with the existing near-surface Mineral Resource Estimate and show the mineralised system outcropping at surface and remaining open down-dip over more than 560 metres, underpinning the potential to grow the current 1.4-million-ounce resource as the company incorporates 2025 drilling into an updated estimate, supported by a recent A$30 million capital raising to fund further aggressive exploration at Independence and Shafter.
More about James Bay Minerals Limited
Black Bear Minerals Limited is an Australian-listed exploration and development company focused on precious metals projects in North America, notably the Independence Gold Project in Lander County, Nevada, and the Shafter Silver Project in Texas. At Independence, the company is advancing a combined 1.4-million-ounce gold-equivalent resource comprising a near-surface chert-hosted epithermal deposit amenable to heap-leach processing and a deeper high-grade skarn resource, strategically located adjacent to Nevada Gold Mine’s Phoenix operation in one of the world’s premier mining jurisdictions.
Average Trading Volume: 1,035,950
Technical Sentiment Signal: Buy
Current Market Cap: A$157.7M
See more insights into BKB stock on TipRanks’ Stock Analysis page.