Black Bear Minerals (ASX:BKB) has reported significant new gold and silver intercepts at its Independence Project in Lander County, Nevada, following the first phase of drilling at Rebel Peak.
The latest reverse circulation drilling has confirmed multiple stacked lodes beyond the existing near-surface mineral resource estimate, representing a 280-meter northward strike extension along the Rebel Trend.
Key results include JBRC016, which returned 47.3m at 0.4 g/t AuEq from 24.4m, including 4.6m at 1.3 g/t AuEq, and JBRC017, which intersected 61m at 0.4 g/t AuEq from 13.7m, including 3.1 meters at 2.3 g/t AuEq.
These intercepts, consistent with the current JORC MRE, demonstrate both thickness and continuity of mineralised lodes, highlighting potential for near-surface resource growth.
Black Bear CEO Dennis Lindgren noted, "Our drilling campaign is rapidly expanding the known boundaries of the Rebel Trend. Mineralisation is outcropping at Rebel Peak and remains open, tracking down-dip over 560m. These results underscore the opportunity to grow the current 1.4 million-ounce resource."
The Independence Project, adjacent to Nevada Gold Mine's Phoenix Project, hosts a 419.6koz near-surface chert-hosted epithermal gold resource and a 984.4koz high-grade skarn resource.
Black Bear plans to integrate all 2025 drilling results into an updated near-surface MRE in Q2 2026, with further exploration focused on extending the Rebel lodes along strike and down-dip.
At the time of reporting, Black Bear Minerals’ share price was $1.05.