Bayan Mining and Minerals Ltd (ASX:BMM) Announces Gold Sampling at Bayan Springs
Exploration Success
Bayan Mining and Minerals Limited (ASX:BMM) has successfully completed a reconnaissance prospecting and geochemical sampling program at its Bayan Springs Project in Nevada, USA. The results confirm the presence of multiple gold-arsenic-antimony anomalous zones consistent with Carlin-style mineralisation, generating several compelling targets for further exploration.
Sampling Results
At Bayan Springs South, a rock chip sample returned an outstanding assay of 4.56 g/t Au, supported by elevated levels of arsenic (up to 2,640 ppm) and antimony (up to 863 ppm). Gold mineralisation is associated with jasperoid alteration at key structural contacts, similar to the nearby Bald Mountain gold deposit located approximately 10 km to the south. At Bayan Springs North, soil samples revealed arsenic levels up to 171.5 ppm, mercury at 0.13 ppm, antimony at 8.29 ppm, and thallium at 0.74 ppm, indicating significant Carlin-style geochemical signatures.
Executive Comments
Executive Director Fadi Diab stated, “These results strongly validate our exploration model and highlight Bayan Springs as an emerging Carlin-style gold system. The high-grade assays, supported by classic pathfinder elements and structural controls, confirm the project’s potential. Notably, our recent findings which show geological analogy to the Bald Mountain deposit, located just 10 kilometres to the south, which hosts mineralisation within the same stratigraphic sequence further support the prospectivity of Bayan Springs South. This alignment provides a compelling analogue and reinforces our confidence that the system we’re exploring may be part of a broader, mineralised corridor. We are excited to move into the next phase of work, which will include systematic sampling and geophysics to refine and potential drill targets.”
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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