The Board of Black Mountain Resources Limited (Black Mountain or the Company), the silver focused development company with interests in the US, is pleased to provide the following commentary regarding its activities during the three months ended 30 September 2013 and the Appendix 5B.
- Bonanza grade grab samples of up to 5,194 g/t silver received from the New Departure Silver Mine, further underpinning its prospectivity and confirming the extensive historic data
- Development drives now provide access to three historic mineralisation blocks which are planned to form a key part of proposed near term production
- Metallurgical test work completed positively:
Increased silver recoveries to over 85% from optimised flotation metallurgical testing;
Anticipated to improve to over 90% recovery as the mining operations move into fresh sulphide zones;
Potential for CIL with tests yielding 89.51% silver recovery with low NaCN and lime consumption
- First phase of underground surveying completed and 3-D mine model in progress.
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