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Black Mountain Resources Ltd

  • BY: Andrew Hore |
  • POSTED: 15/04/2013 |

Silver explorer Black Mountain Resources Ltd is at the final stages of completing debt/offtake financing arrangements for production from the New Departure silver project in Montana.

ASX-listed Black Mountain has a 70% interest in three former silver mines in Idaho and Montana.

Black Mountain has started the development drive for high grade silver in the Bonanza zone of the New Departure project. Production could commence in the near future. The company will then access the main zone and other zones.

Westhouse has been appointed joint broker alongside XCAP.

At 12.38p a share, Black Mountain is valued at £9.88m.

Download the latest AIM Journal from http://www.hubinvest.com/AIMPDFApril2013_43.pdf

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