http://blackmountainresources.com.au/




Black Mountain Resources Limited is a silver focused company which has a 70 per cent interest in three highly prospective projects with extensive historic resources (non-JORC) and significant exploration upside potential. All three projects host previously operating mines and are located in two of the world’s most developed and proven silver mining regions of Idaho and Montana, USA.

The Company is targeting first production in Q4 2012 and implementing low cost development and exploration programmes across its projects

Annual Financial Report


http://www.moneyam.com/action/news/showArticle?id=4455447

Sold the last of my holding

Black Mountain confirms high grades at Conjecture project
StockMarketWire.com
Black Mountain Resources' drill results have confirmed high grade silver zones and identified a new mineralisation structure at the Conjecture silver project in Idaho.

The company recently completed a 16 hole diamond core drill programme (1,800m) at the previously producing mine.

The drilling was undertaken from 3 drill pad locations, Drill Pad 1, Drill Pad 2 and the Rainbow Pad, each location drilled into the hanging wall through the vein structure into the footwall material.

The vein structures encountered showed mineralisation and the assays results returned have confirmed high concentrations of silver with gold that correspond with historical values of mineralisation and correlate to mapping and underground structures seen in the historical Conjecture workings.

The decision was made to extend the programme from 10 holes to 16 due to positive results from drilling undertaken at the Rainbow Pad, where shallow mineralisation was intercepted in an area previously untested.

The programme, which was the first exploration drilling undertaken at the Conjecture silver project since the 1980s, successfully confirmed the grades and the presence of historic mining blocks identified by previous sampling, exploration and mining undertaken at the property.

Significantly, each hole drilled encountered mineralisation structures, although some of the samples are still being processed with final assay results anticipated to be available in the next fortnight.

This new data, combined with the wealth of historic reports and information, will be integral to the company as it focusses on the successful development of the project with an objective of achieving first production in the fist quarter of 2013.



At 9:08am: (LON:BMZ) share price was +0.38p at 16.25p

Quarterly Report for the Period Ending 30 September 2012

http://bmz.live.irmau.com/IRM/Company/ShowPage.aspx/PDFs/1035-27301509/QuarterlyActivitiesandCashflowReport

I'm long gone from this one , put the report below on for anyone interested.



Black Mountain Resources confirms down-dip extension at Montana silver project
Fri 25 Jan 2013

BMZ - Black Mountain Resources Ltd

Latest Prices
Name Price %
Black Mountain Resources Ltd 12.75p +10.87%

FTSE AIM All-Share 740 -0.10%

LONDON (SHARECAST) - Silver-focused development company Black Mountain Resources has unveiled the initial results from its 13 hole maiden drill programme at its New Departure Silver Project in Montana.

The company stated that initial drill results, which returned grades up to 365 grams per tonne of silver, confirmed down-dip extension of historic workings and indicated a potential projected strike length of 670m.

Further drill testing of the extension is scheduled for the second quarter of 2013, the group stated, adding that it had potential to significantly extend the current mine plan

Peter Landau, Executive Chairman of Black Mountain, said: "Our projects are located in an area of prolific silver mineralisation and these initial high grade silver intercepts of up to 365 grams per tonne of silver underpin our belief that we can add significant value to the project through production and exploration outside of the historically worked areas."

He added: "When put into context historically, it is clear why the intercepts are very valuable. The historic New Departure mine was not previously drilled with all the workings following visible veins. For the first time the programme has confirmed the `down dip' extension possibilities for the mine and with the extension now located, further drilling can be accurately undertaken with a view to significantly extend the current mine plan."

Black Mountain Resource's share price was up 10.87% to 12.75p at 13:50 on Friday

Black Mountain Resources to begin first silver production
By Renae Dyer

Wed 17 Apr 2013


Black Mountain Resources to begin first silver production LONDON (SHARECAST) - Black Mountain Resources is on track to begin first silver production at its New Departure mine in Montana, US, within a matter of weeks, said Executive Chairman, Peter Landau.

The development drive to access high grade silver at the Bonanza Zone is underway at the mine which has a life of four years.

A drilling programme last year showed initial results of up to 365 grams per tonne silver.

The company is targeting 50,000 ounces of silver per month when it begins production in about four weeks, followed by 83,000 per month next year.

It is expected to produce 100,000 ounces of silver per annum by 2014.

The group also anticipates its Conjecture mine in Idaho will start production in the third quarter after its second phase of exploration.

Production of 100,000 ounces of silver per annum is projected for this year, followed by 700,000 ounces next year.

Landau said Black Mountain, founded in 2010, was able to begin first production in a relatively short time as it invested in historical mines which removed the need for exploration permits that take longer to gain with new projects.

The group is also at an advantage of being one of only a couple of listed silver companies on AIM.

However, Landau admits the company is not immune to falling commodity prices. Silver prices hit a more than two-year low on Monday. On the Comex on Wednesday for May 13th delivery, silver prices sat at $23.66 per ounce.

"The only way to cushion the blow [of falling prices] is to choose low cost projects with high grades," Landau told Digital Look and Sharecast.

"That’s the only thing you can do and we are very sensitive to it."

Although, the former corporate lawyer expects "significant" revenues even if the price falls as low as $20 per ounce.

Landau believes it has never been a worse time for small resource companies amid difficult trading conditions. The Australian entrepreneur also highlighted the fact that technology has changed the face of markets.

"You used to need a 10-year licence to deal now anyone can to it and it’s destabilised the market," he said.

"The market is a pain all around. It needs to reinvent itself.”

Faced with a tough market environment, Landau said the company would keep its costs down and invest in low-risk projects.

By focusing operations in the US as opposed to Australia, the businessman said the company has reduced its costs by “three times”. Wages, operational expenses and living costs are much higher in Australia's western mining state compared to the US.

Looking ahead, Landau said the group will keep its focus on exploration at the New Departure an Conjecture mines.

edited moneyam

Perhaps you could keep views like that to yourself, unless you can come up with some more less disgusting words ?

I agree there is no place for such disgusting language.

I was being as polite as possible. I am out. They are dissembling vain wasters, the lot!
If it sounds too good to be true, then it probably is.

Landau suffers from an over-excitable disposition that has more than a strong hint of bovine exgression when he speaks.

Black Mountain Resources identifies high grade silver at Bonanza
Fri 31 May 2013


Black Mountain Resources identifies high grade silver at Bonanza LONDON (SHARECAST) - Black Mountain Resources, the AIM-listed silver-focused development company with interests in the US, has reported that high grade silver of up to 1,684 grams per tonne (g/t) has been returned from samples at the
Bonanza Drive at the company's New Departure Silver Project located in Montana,US.

The company said that the initial grab samples were taken from the historic stopes and existing pillars as well as the face of the Silver Springs drift in the Bonanza Zone.

In addition to high silver grades, the company said that the assay results represented an outstanding positive as an initial step in confirming both the extensive historic data available from previous workings and extensions to the historic mineralisation.

A daily production sampling program is currently underway as the company
continues to develop the existing workings and the Bonanza Drive as part of its ongoing mining activities to access previously identified mineralisation areas in the Bonanza Zone.

Further samples taken from visually identified veins in a side drift out of the main structure near the Silver Springs tunnel area returned results of up to 93.4g/t of silver and 5.45g/t of gold, the group added.

Pete Landau, Chairman of Black Mountain, commented: "These are exceptional assay results which underpin the high grade silver credentials and the extensive historic data available for the New Departure Silver Project. We are now ideally positioned to finalise toll treatment arrangements with nearby mills and we look forward to updating shareholders in the coming weeks as we hit these exciting pre-production milestones."

Black Mountain Resources’ share price was up 1.28% to 9.88p at 12:36 on Friday

Black Mountain Resources: Westhouse Securities shifts target price from 23p to 17p, while its buy recommendation remains unaltered.

Bouncing back.