Bayan Mining and Minerals defines three gold targets in Nevada ahead of maiden drilling

• BMM zeros in on targets for its maiden drilling at the Bayan Springs South project
• Project sits in world-class gold province with Carlin-style system potential
• Company planning to complete phase 1 drilling in the near-term

Special Report: Bayan Mining and Minerals has outlined three new drill targets at the Bayan Springs South project in Nevada, USA.

The project is in a world-class gold belt, just down the road from Kinross Gold Corporation’s Bald Mountain mine, a large-scale Carlin-style operation with 1.2Moz probable reserves, 2.7Moz measured and indicated resources and 570,000oz inferred resources.

A recently completed Controlled-Source Audiofrequency Magnetotellurics (CSAMT) survey has now identified three targets – the Southern, Western and Eastern targets – which are consistent with productive Carlin-type disseminated gold systems. 

These results elevate Bayan Springs South from a surface anomaly to a well-defined, three-dimensional target with multiple, clearly constrained geophysical features now ready for drill testing.

The scale, continuity and geometry of the CSAMT responses, together with the structural and stratigraphic setting, are considered highly encouraging for the potential to host a large-tonnage disseminated gold system.

The targets are now slated for Bayan Mining and Minerals’ (ASX:BMM) maiden drill program.

Enhancing the discovery potential

BMM executive director Fadi Diab said the CSAMT results represent a “transformational breakthrough” for Bayan Springs South and are “unquestionably the most significant technical development since the project’s inception”.

“For the first time, we now have clear geophysical evidence outlining the full scale, architecture and depth extent of a large Carlin-style system directly beneath our tenure,” he said. 

“The clarity, strength and coherence of the feeder structures identified exceed our expectations and provide an outstanding foundation for a high impact maiden drilling campaign. 

“The integration of CSAMT with our geological and geochemical datasets delivers a compelling and internally consistent Carlin-style model that is comparable in scale and structural character to major deposits across Nevada’s world-class Carlin and Independence Trends.” 

Diab added that, most importantly, the Southern, Western and Eastern targets each display the hallmark features associated with productive Carlin systems, including vertically oriented feeder conduits, extensive alteration corridors and favourable carbonate host horizons. 

“This combination materially elevates the project’s potential to host a large-tonnage, district-scale gold system,” he said. 

“With three priority targets now clearly defined, our technical team is exceptionally well positioned to execute a focused drilling program designed to test the heart of these feeder zones. 

“The results have effectively de-risked our initial drilling strategy and significantly strengthened our conviction in Bayan Springs South as a rare, high-quality, frontier Carlin opportunity. 

“We believe the project is now on the cusp of a major value-creation phase, and upcoming drilling has the potential to deliver a genuine step-change for shareholders.”

Engagement with the US Bureau of Land Management (BLM) is progressing to secure drilling approvals as the company fast-tracks the integration of all datasets to finalise a focused, high-impact Phase 1 drill program to test the most prospective feeder structures and alteration corridors. 

This article was developed in collaboration with Bayan Mining and Minerals, a Stockhead advertiser at the time of publishing. 

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.