Business
Buyer Group International, Inc. Announces Completion of Targeted Expansion at the Shambhala Platinum Project - New Rambler Mine Access
Buyer Group International, Inc. Announces Completion of Targeted Expansion at the Shambhala Platinum Project - New Rambler Mine Access.
About this update from Buyer Group International, Inc.
[{"type":"text","content":"SHERIDAN, WY / ACCESSWIRE / February 9, 2023 / Buyer Group International, Inc. (OTC PINK:BYRG) announces the confirmed completion of a 268 acre, 13 claim expansion onto the 100% owned Shambhala Platinum Project. In our recent end of season summary (12/21/22 Company News) we disclosed the processing of this 268 acre expansion. With the confirmation of ownership Buyer Group is now able to go into more detail behind the reasoning of this expansion project.On the reasoning and goal of this expansion Buyer Group Head of Exploration Steven Cyros commented, "After countless hours of fieldwork and many more hours of research, I believe that we have now secured every available inch of remaining ground around the historic New Rambler Mine workings and 5000 feet of existing tunnel complex. Not only has this ground proven to be valuable by itself as the historic records have shown, but the strategic placement of these new expansion claims, and the way that we laid them out, will give us the extralateral underground rights to thousands of feet beyond the claim boundaries for purposes of working the existing vein. That means we now legally own the mineral rights of the New Rambler Mine at all of the points where we are able to intersect the old tunnels and workings even though they travel beyond our claim boundaries and in most cases today are actually under private property. Extralateral rights, which are sometimes referred to as the apex rule or the intraliminal rights, are not often used, as most exploration companies don't know how to legally file for them. This is a game changer for us. This means that if we can access any of the old subsurface tunnels because they run under any of our new claims, we will own the mineral rights far beyond our claim boundaries because they are all part of the same vein structure. The ore body that produced the rich values at the turn of the last century was thought to have been lost forever because the land was developed and sold for private residences. That would be the end of the story for most, but not for us. We are pretty sure that we know what is likely just lying underground, waiting untouched and unseen by human eyes for more than a century after the fire that closed the mine for good in 1918. Now, depending on where exactly it is, we will be able to access all of that wealth, as we likely no...