Black Mountain Resources Limited Channel Sampling at New Departure Silver Mine

 
TIDMBMZ 
 
26 June 2014 
 
 
Manager of Company Announcements 
Australian Securities Exchange 
Level 6, 20 Bridge Street 
Sydney NSW 2000 
 
 
By E-Lodgement 
 
Channel Sampling at New Departure Silver Mine 
 
Black Mountain Resources Limited (ASX | AIM: BMZ), the silver focused 
development company with interests in the US, is pleased to announce an update 
on its New Departure Silver Mine in Montana. 
 
In the last week, approximately 118 channel samples (varying from 30cm to 2m) 
have been taken from the New Departure mine, 48 from the Blue Dot Level, where 
samples last year returned high silver grades up to 5,194g/t. These new 
samples, which are being collected in line with the Company's strategy to 
complete its 3-D mine model, have been shipped to a laboratory in Nevada with 
results expected in the coming weeks. 
 
Encouragingly, the Company's lead geologist at New Departure was able to 
identify some clear sulphides on the main haulage level, and was also 
encouraged by the samples taken from the Blue Dot Level. The Blue Dot Level 
will access both the Bonanza Zone and Main Zone historical mining blocks at New 
Departure and will form a key part of production from the mine moving forward. 
 
Black Mountain Chairman, Pete Landau, said: 
 
"Activity is increasing at New Departure as we tick off the remaining milestones 
prior to commencing production at our first of two high grade silver mines in 
the US. The only outstanding operational hurdles are the receipt of further 
results from metallurgical testwork and the confirmation of the toll treat 
agreement with a local mill. The results of these channel samples will further 
solidify our mine planning in the coming weeks and, upon the finalisation of 
additional financing, we will be in a strong position to put our high grade, 
low cost production model into gear with a view to creating significant value 
for shareholders. We are pleased to see the recent upticks in precious metal 
prices and believe that investor interest is returning to the sector. We feel 
we are in a strong position in an upcoming renewed positive precious metals cycle." 
 
A pdf version of this announcement including images is available on the Company's website. 
 
 
 
For and on behalf of the Board 
 
 
Peter Landau 
Executive Director 
 
 
For further information please visit www.blackmountainresources.com.au or 
contact: 
 
Black Mountain Resources Limited        Nominated Advisor 
 
Peter Landau                            RFC Ambrian Limited 
Executive Director                      Oliver Morse and Trinity McIntyre 
T: [phone]                    T: [phone] 
 
Media (Australia)                       Media (UK) 
 
PPR                                     St Brides Media & Finance Limited 
David Tasker                            Elisabeth Cowell 
T: [phone]                    T: [phone] 
 
Joint Broker (UK)                       Joint Broker (UK) 
 
Westhouse Securities Limited            Hume Capital Securities plc 
Martin Davison                          Jon Belliss 
T: [phone]                 T: [phone] 
 
About Black Mountain Resources Limited 
 
Black Mountain Resources Limited is a dual listed (ASX | AIM: BMZ) silver and 
gold focused development company focused on the advancement of three highly 
prospective previously operating assets located in two of the world's most 
developed and proven silver and gold mining regions of Idaho and Montana, USA. 
 
The Company holds a 70% interest in the New Departure Silver Project, the 
Conjecture Silver Project and the Tabor Gold and Silver Project pursuant to 45 
year leases from Chester Mining Company, Lucky Friday Extension Mining Company 
and Brush Prairie Minerals respectively. Black Mountain plans to implement low 
cost production and development programmes across all three assets. It is also 
implementing exploration programmes to capitalise on the exploration upside 
potential apparent across its portfolio. 
 
Black Mountain Resources Limited was incorporated on 29 October 2010 and is 
listed on the Australian Securities Exchange (ASX) and London's AIM Market - 
trading codes BMZ and BMZO. 
 
Forward Looking Statement 
 
Certain statements made during or in connection with this communication, 
including, without limitation, those concerning the economic outlook for the 
silver market, expectations regarding silver ore prices, production, cash costs 
and other operating results growth prospects and the outlook of the Company's 
operations including the likely commencement of commercial operations of the 
New Departure and Conjecture Silver Projects, its liquidity and the capital 
resources and expenditure, contain or comprise certain forward-looking 
statements regarding the Company's development and exploration operations 
economic performance and financial condition. Although the Company believes 
that the expectations reflected in such forward-looking statements are 
reasonable, no assurance can be given that such expectations will prove to have 
been correct. Accordingly, results could differ materially from those set out 
in the forward-looking statements as a result of, among other factors, changes 
in economic and market conditions, success of business and operating 
initiatives, changes in the regulatory environment and other government 
actions, fluctuations in silver ore prices and exchange rates and business and 
operational risk management. For a discussion of such factors refer to the 
Company's most recent annual report and half year report. The Company 
undertakes no obligation to update publicly or release any revisions to these 
forward-looking statements to reflect events or circumstances after today's 
date or to reflect the occurrence of unanticipated events. 
 
 
END