Black Mountain Resources Receives Positive Response to High Grade Silver Results

Mining.com reported on Tuesday that Black Mountain Resources’s (LSE:BMZ) stock price was up 20 percent following high grade silver results. Results were from Black Mountain’s New Departure Silver Mine in Montana.

As quoted in the publication, highlights from the press release included:

• Extremely high grade sampling results surpass expectations with up to 422 oz/t of silver (‘Ag’) returned over 1.9m – grades never before seen with historical results
• 25% of samples taken from Blue Dot Level showed mineralisation of Ag 3oz/t or above
• 111 channel samples were taken in total from the Main Drive and Blue Dot Level in line with the Company’s strategy to complete its 3-D mine model ahead of production upon securing financing
• Results highlight that the Blue Dot level has the greatest potential for hosting a mineral resource in the downward and northwest plunging remainder of the ore body as well as confirming existing historical results
• A second round of underground sampling is planned in August to expand the known high grade zone

Click here to read the full Mining.com article.