Black Bear Minerals Receives 'Exceptional' Results at Texas Project; Shares Up 8%

MT Newswires Live09:08

Black Bear Minerals (ASX:BKB) received "exceptional" high-grade silver results from drilling at the Shafter project in Texas, according to a Thursday filing with the Australian bourse.

Diamond drilling yielded results in the northeast of the project, including 8.8 meters at 307 grams per tonne (g/t) grade of silver, 0.7% lead, 0.8% zinc and 0.1 g/t grade of gold from 259 meters, including 1.4 meters at 958 g/t grade of silver, 2% lead, 1.9% zinc and 0.2 g/t grade of gold, the filing said.

Further results were also received from holes outside the foreign mineral resource estimate in the project's southwest, expanding the mineralized footprint, per the filing.

Shares rose 8% in morning trade Thursday.

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