
October 01, 2025
Mexican-Style Silver within Texas, the US’s most favourable tax jurisdiction
James Bay Minerals (ASX: JBY) (“James Bay Minerals” or “the Company”) is pleased to announce that it has agreed to acquire the partially permitted, high-grade Shafter Silver Project (“Project”) located in the Presidio County, Texas, USA (“Acquisition”). Positioned just across from the Mexican border, Shafter is considered an eastern extension of the prolific Sierra Madre Belt, offering significant strategic and geological upside.
Highlights:
- Binding agreement to acquire 100% of the Shafter Silver Project, located in Presidio County, Texas, USA – just over the border from Mexico and considered a northern extension of the eastern Sierra Madre Belt.
- Mine and processing facility with an estimated $150m in existing mine and processing infrastructure.
- Foreign Mineral Resource Estimate (NI 43-101, 2015)
Measured: 90,700 tonnes at 299g/t Ag for 888,000 oz Ag
Indicated: 1,007,000 tonnes at 314g/t Ag for 10,171,000 oz Ag
Inferred: 789,000 tonnes at 256g/t Ag for 6,511,000 oz Ag
Total: 1,887,000 tonnes at 289g/t for 17,570,000 oz Ag
Cautionary Statement: The Mineral Resource Estimate at the Shafter Silver Project is a foreign estimate prepared in accordance with Canadian National Instrument 43-101. The competent person has not done sufficient work to classify the foreign estimate as a Mineral Resource in accordance with the JORC Code 2012, and it is uncertain whether further evaluation and exploration will result in an estimate reportable under the JORC Code 2012. - Historical Metallurgical test work silver recoveries of ~85.4%.
- Significant exploration upside surrounding the Foreign Mineral Resource Estimate and regional targets.
- Significant historical production of 35.15 Moz Ag at 521 g/t Ag (1883–1942), plus 134,557 oz Ag produced in 2012–2013
- The transaction will be funded by a A$30m two tranche placement, which was strongly supported by leading offshore and domestic institutions. Canaccord Genuity acted as Lead Manager to the Placement.
- James Bay Minerals to be renamed Black Bear Minerals under the new ASX Code: BKB
James Bay Executive Chairman, Matthew Hayes, commented:
"The Shafter Silver Project represents a rare opportunity to acquire a partially permitted, high-grade silver asset with substantial infrastructure and a rich production history in a premier North American mining jurisdiction. With historic production grades comparable to world-class Mexican silver mines, this ‘Mexican-style silver on American soil’ acquisition compliments James Bay Minerals’ high grade Independence Gold project in Nevada.”
Click here for the full ASX Release
This article includes content from James Bay Minerals, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
The Conversation (0)
20h
Gianni Kovacevic: Silver, Oil to Break US$100, but This is the Real Speculation
Investor and author Gianni Kovacevic discusses silver's price pullback, saying that in the long term he sees the white metal reaching triple digits. He expects oil prices to reach that level too, but emphasized that he sees lithium as the truly contrarian play for the rest of 2025 and into next... Keep Reading...
21 October
BP Silver Finalizes Targets for Upcoming Drill Program at its Cosuño Silver Project, Bolivia
BP Silver Corp. (TSXV: BPAG) ("BP Silver" or the "Company") announces that it has finalized targets for initial drill testing and has selected Maldonado Exploraciones, a premier Bolivian drilling contractor, to carry out the upcoming drill program at its Cosuño Silver Project ("Cosuño") in... Keep Reading...
21 October
Silver Hammer Enters into Option Agreement to Acquire 100% Interest in a Strategic and Prospective Silver Project in the Silver Valley of Idaho
Silver Hammer Mining Corp. (CSE: HAMR) (the "Company" or "Silver Hammer") is pleased to announce it has entered into an option agreement (the "Option Agreement") on October 20, 2025 with Fahey Group Mines, Inc. ("Fahey"), pursuant to which the Company has been granted the right (the "Option") to... Keep Reading...
20 October
Top 5 Canadian Silver Stocks of 2025
Silver's performance in 2025 is drawing attention to silver-mining companies as investors look to gain exposure to the metal's success.During Q3 2025, the silver price closed in on all-time highs, reaching a quarterly high of US$46.92 per ounce on September 29. Since that time, silver has soared... Keep Reading...
20 October
Mercado Minerals Announces Closing of Acquisition of Concordia Silver
Mercado Minerals Ltd. (CSE: MERC) (“Mercado” or the “Company”) is pleased to announce that it has completed the acquisition (the “Acquisition”) of Concordia Silver Company S.A. DE C.V. (“Concordia”). Concordia is an arms-length privately-held Mexican corporation that holds mineral properties in... Keep Reading...
Latest News
Latest Press Releases
Related News
TOP STOCKS
American Battery4.030.24
Aion Therapeutic0.10-0.01
Cybin Corp2.140.00