Nevada, USA
Highlights
- The Company has filed staking applications for 158 claims (~13 km2) located in Nevada, USA, comprising of:
- 116 claims located in the Northern Maverick Springs Range, south Elko County and north White Pine County, Nevada, USA, adjacent to Sun Silver Ltd (ASX:SS1) Maverick Springs Project, which boasts a JORC Inferred Resource of approximately 195.7 million tonnes at 67.25 g/t silver equivalent, contained 423.2 million ounces AgEq; and
- 42 claims located east of the Bellview Au-Ag-Pb Deposit approximately 10 kilometers north of Kinross Gold Corporation’s (NYSE:KGC) Bald Mountain mine.
Summary
The Company is pleased to announce that it 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 AgEq1. 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 (as of December 31, 2023). These claims are now designated as the “Bayan Springs South” Project.
Project Potential and Strategic Advantage
Bayan’s newly staked claims are strategically positioned within a highly prospective region that hosts a number of silver and gold deposits. The claims are immediately along strike from Sun Silver’s (ASX:SS1) Maverick Springs Project and in proximity to Kinross’ (NYSE:KGC) Bald Mountain Mine, located on the renowned Carlin Trend—a prolific mineral belt in Nevada with a history of gold discoveries.
Nevada provides exceptional infrastructure and a mining-friendly environment for project development. The state boasts a network of highways that ensures reliable access to remote areas, facilitating the efficient transport of equipment, supplies, and personnel to project sites. Key mining regions in Nevada are near established towns like Elko, offering access to skilled labor, mining support services, and additional resources essential for operational efficiency.
Energy infrastructure is robust, with many mining operations connected to the electrical grid, allowing for stable power supply, and, in some cases, access to renewable energy options. Water resources, while competitive, are accessible in many regions and essential for ongoing project operations. Nevada’s streamlined permitting process and local government support further reinforce its status as one of the most favourable jurisdictions for mining exploration and development in the United States.
These factors, along with ongoing local exploration success and the continuation of favourable geological settings into Bayan’s secured land position, highlight the potential of the Bayan Spring North and South projects. Together, they present a compelling opportunity for resource expansion and the potential discovery of additional mineralised systems in a region with a history of gold and silver discoveries.
