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Black Bear Minerals Limited (ASX:BKB)
ALERT: Price-sensitive ASX Announcement for BKB
Current share price for BKB : $0.565 -0.005 (-0.88%)+
Announcement
Release
6 Aug 2026 8:13AM
Price at Release
$0.570
Full Release
Summary
Black Bear Minerals Limited has announced significant progress in its Shafter Project in Texas, USA, following twin-hole drilling and the re-analysis of historic cores. The analysis has revealed higher silver and polymetallic mineralization, including a notable intercept of 8.5m at 525g/t silver, with a peak of 1,360g/t. Additionally, a 147% increase in contained silver from a historic intercept was observed. The results have strengthened the company's confidence in the project's mineralized system, prompting an extension of the historic core review to all available legacy drill programs. This review aims to facilitate the conversion to JORC compliance, an upgrade of the Mineral Resource Estimate (MRE), and the Rapid Mine Restart Study.
Key Points
- Twin-hole drilling and historic core re-analysis show increased silver and polymetallic mineralization.
- Significant silver intercept of 8.5m at 525g/t with peak at 1,360g/t.
- 147% increase in contained silver from a historic intercept.
- Extended review of historic cores to include all available legacy drill programs.
- Aims for JORC conversion, MRE upgrade, and Rapid Mine Restart Study.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.
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