4.56 g/t Gold Assay Highlights Bayan’s Carlin-Style Potential in Nevada

Exploration Momentum Builds in Nevada

Bayan Mining and Minerals Limited (ASX, BMM) has advanced its exploration agenda with the successful completion of reconnaissance and follow-up sampling programs at its Bayan Springs Projects in northeastern Nevada. The highlight was a standout rock chip assay returning 4.56 grams per tonne gold, a significant indicator of Carlin-type mineralisation, a prolific gold deposit style renowned in Nevada.

The company collected 107 initial samples, followed by a second phase encompassing 200 samples across soil, stream sediment, and rock chips. Elevated pathfinder elements such as arsenic and antimony further reinforce the potential for a robust Carlin-style system. These geochemical footprints closely resemble those found at the nearby Bald Mountain mine, operated by Kinross Gold Corporation, which lies just 10 kilometres south and is a well-established gold producer.

Strategic Land Acquisitions and Project Expansion

In response to encouraging field observations, Bayan expanded its footprint by staking three additional claims adjacent to its existing tenements at Bayan Springs South. The company also filed staking applications for 117 lode claims in California’s Mojave Desert, targeting a rare earth elements corridor near the Mountain Pass Mine, a globally significant REE producer. These Desert Star and Desert Star North Projects represent a strategic diversification into critical minerals, aligning with global demand trends.

Advancing Lithium and Other Global Projects

Bayan’s exploration efforts extend beyond the US, with fieldwork completed at the Arrel Lithium Project in Ontario, Canada. The reconnaissance program targeted high-priority pegmatite bodies, with assay results expected imminently. Meanwhile, the Pepita Gold Project in Brazil underwent preliminary sampling, though no significant anomalies were detected during this initial phase.

Financial and Corporate Developments

To underpin these exploration activities, Bayan successfully raised $750,000 through a two-tranche placement, with directors demonstrating confidence by participating in the raise. The company appointed Rafael Moreno, an executive with over two decades of experience in mining and energy sectors, to its board. Moreno’s expertise in lithium and critical minerals is expected to bolster Bayan’s strategic direction, particularly as it expands into rare earth elements.

Exploration expenditure for the quarter was $113,000, reflecting a disciplined approach to advancing multiple projects. No mining production occurred during the period, consistent with Bayan’s focus on early-stage exploration.

Looking Ahead

With assay results from recent sampling programs pending, Bayan is poised to refine its exploration targets and potentially initiate drilling campaigns. The company’s expanding land holdings in prolific mineral belts and critical mineral corridors, combined with strengthened leadership and fresh capital, position it well to unlock value for shareholders in the coming quarters.