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Buyer Group International, Inc. Announces Successful Completion of Phase One of a Multi-Phase Exploration Program with Remarkable Results Aiming at an Initial Mineral Resource Estimate (MRE) for the Shambhala Platinum Project
Buyer Group International, Inc. Announces Successful Completion of Phase One of a Multi-Phase Exploration Program with Remarkable Results Aiming at an Initial Mineral Resource Estimate (MRE) for the Shambhala Platinum Project.
About this update from Buyer Group International, Inc.
[{"type":"text","content":"SHERIDAN, WY / ACCESSWIRE / January 5, 2024 / Buyer Group International, Inc. (OTC PINK:BYRG) is pleased to announce the completion of Phase One of a multi-phase approach to developing an initial Mineral Resource Estimate (MRE) for the Shambhala Platinum Project. Phase One of the exploration program, included a comprehensive surface sample campaign encompassing 270 unique locales over all 84 of the company's lode mining claims surrounding the historic New Rambler Mine. The geologist ensured chain of custody and sent these samples to American Assay Laboratories for assay results, which were used to generate a geostasticical, geochemical based interpolations, and geospatial heatmaps.*Note: Cu interpolations are for log-normalized data. Analytical results: Shown on the heat maps are two notable geochemical anomalies present around the Shambhala #71 adit (see Figure 1), the originally planned starting point for potential development. This adit notes various chemical interests as described in the non-chain of custody assay samples performed on waste material near the #71 adit and XRF readings from inside. Such readings indicate, as the heat maps demonstrate, the company's interest starting at #71 for Platinum, Palladium, Copper, amongst other notable minerals, running due north into our claim area for what is thought to possibly be a Platinum shelf or other PGMs referenced in past Geological Publications as leeching into the area.Following geostatistical analyses of the Surface Sample assay data, it is apparent that there are two major geochemical anomalies in the Shambhala Platinum Project claim area that merit further investigation:(1) base metal (Pt, Pd, Cu) hotspots circa altered mafic-to-ultramafic rocks (See Figure 2) ; and (2) a strong discontinuity (best recognized in the Fe Ordinary Kriging interpolation map) that represents a roughly southwestern to northeastern break in geochemistry and geology.This break could represent a shear zone, a sharp contact between older mafic-to-ultramafic rocks and a younger quartz monzonite, or some combination of the two, i.e., a contact that was exploited as a structural weakness upon tectonic forcings. (See Figure 3).These identified anomalies warrant further exploration with refined Phase I sampling and mapping activities. In order to improve interpolation model precision and smoothing, BY...