re: Ann: Alcyone Invests In Black Mountain Re...
Analysis
Black Mountain is currently looking at exploiting the near term production potential of the New Departure Silver Mine in Montana.
This includes advancing access to three historic ore blocks which will comprise a key part of production, significantly progressing the decline currently being developed towards the Main Zone and demonstrating the potential to enhance flotation concentrate recoveries to over 90% through metallurgical testwork.
Highlighting the potential of the project, historic bonanza silver grades at the New Departure mine are confirmed by grab sample fire assay analysis, generating additional substance to the project.
Recently the company announced grab samples returned up to 5,194 g/t silver.
Importantly - the samples were taken from the newly opened up Blue Dot Level which accesses both the Bonanza Zone and Main Zone historic ore blocks and will form a key part of production moving forward in the coming months.
AYN Price at posting:
0.2¢ Sentiment: Buy Disclosure: Held
