Bayan Mining and Minerals (ASX:BMM) Initiates Phase Two Exploration at Bayan Springs Project
Phase Two Exploration Commenced
Bayan Mining and Minerals Limited (ASX:BMM) has begun its second-phase exploration program at the Bayan Springs Project in north-eastern Nevada, USA. This follows strong geochemical results from the first reconnaissance campaign, which highlighted the project’s potential for Carlin-style gold mineralisation.
Initial Exploration Results
The initial reconnaissance campaign returned rock chip assays of up to 4.56 g/t Au, with arsenic levels reaching 2,640 ppm and antimony up to 863 ppm. These findings confirm a robust Carlin-type geochemical signature within the project’s key target zones.
Details of the Second-Phase Program
The upcoming exploration phase includes detailed soil sampling, additional rock chip and stream sediment sampling over previously identified targets. The program also involves engaging with geophysical contractors to assess the suitability of IP/Resistivity and CSAMT surveys for target refinement. Initial permitting consultations are underway to determine timelines, requirements, and costs for potential scout drilling. The exploration is led by experienced geologist Mr Bryan Kellie and is expected to take approximately 10 days, with assay results anticipated within three to four weeks.
Executive Comments
Executive Director Fadi Diab commented, “The exceptional gold and pathfinder assay results from our initial program underscore the potential of Bayan Springs to host a Carlin-style gold system. This second-phase campaign is designed to refine target areas and provide clear vectors to guide future exploration. The project’s structural and geochemical similarities to Kinross’ Bald Mountain, just 10 kilometres to the south, offer encouraging regional context for ongoing work.”
Motley Fool contributor Lianne Eastty 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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