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James Bay Minerals Limited ( (AU:BKB) ) has issued an update.
Black Bear Minerals has reported its first diamond drilling results from outside the existing foreign Mineral Resource Estimate at the Shafter Silver Project in Texas, highlighted by a 9.1m intercept grading 240g/t silver, with higher-grade internal intervals. These new results are wider and higher-grade than nearby historical drilling, reinforcing the company’s geological model and the potential to expand the silver resource beyond the current estimate.
The drilling has also confirmed significant polymetallic mineralisation, with notable zinc, lead and gold assays that underline the multi-commodity potential of Shafter, which was previously assessed only for silver. With $12.8 million in cash at the end of December 2025 and ongoing exploration targeting further extensions, Black Bear is positioning Shafter as a potentially larger, higher-grade and more diversified asset, which could enhance its strategic standing in the silver and base metals sector.
More about James Bay Minerals Limited
Black Bear Minerals Limited is an ASX- and OTCQX-listed exploration company focused on precious and base metals, with key assets including the Shafter Silver Project in Presidio County, Texas, and the Independence Gold Project in Nevada. The company is targeting high-grade silver and polymetallic mineralisation in a prolific North American mining belt and is well funded to pursue aggressive exploration programs across its portfolio.
Average Trading Volume: 1,096,988
Technical Sentiment Signal: Buy
Current Market Cap: A$140.2M
Learn more about BKB stock on TipRanks’ Stock Analysis page.