Balkan Mining and Minerals (ASX: BMM) has filed staking applications for a new package of land consisting of 158 claims in Nevada, USA which is potentially prospective for silver and gold.
A total of 116 claims have been staked adjacent to Sun Silver Ltd’s (ASX:SS1) Maverick Springs Project, which holds an inferred JORC resource of approximately 195.7 million tonnes at 67.25 g/t silver equivalent, contained 423.2 million ounces AgEq. These claims are now designated as the “Bayan Springs North” Project.
An additional 42 claims have been staked east of the Bellview Au-Ag-Pb Deposit located approximately 10 kilometres north of Kinross’ Bald Mountain gold operation, which has an estimated 3.7 million ounces in Measured and Indicated Resources. These claims are now designated as the “Bayan Springs South” Project.
"The Bayan Springs North and South Projects represents a growth opportunity for Balkan, located in the heart of Nevada, one of the world’s premier mining jurisdictions,” Executive Director, Fadi Diab, said.
“The staking of these highly strategic claims represents the culmination of extensive review of potential business development opportunities in North America. This aligns with our growth strategy, leveraging high-prospect areas with proven infrastructure to enhance value for our shareholders through targeted exploration and development.
“We look forward to updating the market on our progress with reconnaissance mapping and sampling on these projects in the near term.”
Bayan Springs North
The project is located in the Northern Maverick Springs Range, south Elko County and north White Pine County, Nevada, USA. It is located approximately 85 km south of Elko and 105 km to the north-northwest of Ely. The Project area is accessible by paved Lamoille Highway and Harrison Pass Road to Ruby Valley from where is accessible by a well-maintained gravel road.
Bayan Springs South
The project is situated on the southern slopes of the Ruby Mountains in northwest White Pine County, Nevada, USA, approximately 85 km south of Elko and 110 km northwest of Ely. The project area is accessible via the paved Lamoille Highway and Harrison Pass Road leading to Jiggs, with a well-maintained gravel road providing direct access to the site.