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Buyer Group International reports developments tied to mineral exploration and project advancement in Albany County, Wyoming. The company focuses on the Shambhala Project and historic New Rambler Mining District, where its updates cover copper, platinum group metals, silver-bearing material, geological mapping, soil sampling, geophysics, metallurgical evaluation and permitting activity.
Recurring BYRG news also includes planned drill-program preparation, project-area features such as historic mine workings and claim locations, environmental and agency approvals, and corporate capital-structure actions such as common-share cancellations. The company's releases frame its project work around domestic critical-metals exploration and low-impact development planning.
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Buyer Group International (OTC PINK: BYRG) has successfully completed a 268-acre expansion of its wholly owned Shambhala Platinum Project. This expansion allows the company to possess extralateral underground rights, enhancing their access to historical mining sites, including the historic New Rambler Mine, which previously produced over 1 million pounds of copper and significant amounts of palladium. According to CEO David A. Bryant, the strategic placement of these claims enables potential access to unexplored mineral resources, offering significant growth opportunities. The company aims to capitalize on this expansion to potentially uncover valuable mineral deposits.
Buyer Group International (OTC PINK: BYRG) released its 2022 year-end summary, highlighting significant progress and goals for 2023. Key achievements include a successful capital raise, high-grade mineral intercepts at the Shambhala project, and installation of year-round security at the mine. The company maintained a favorable .014 debt to asset ratio. Plans for 2023 include a targeted 268-acre expansion and ongoing discussions for long-term funding to maximize project potential. CEO David A. Bryant expressed optimism for continued progress in the upcoming mining season.
Buyer Group International, Inc. (OTC PINK: BYRG) announced significant findings from its Ground Penetrating Radar (GPR) tests at the Shambhala mining project. Two underground tunnels have been confirmed at a depth of 67 feet. One tunnel runs beneath and another runs in front of Shambhala #71's existing tunnel. These results mark a crucial step towards reviving the historical New Rambler Mine, which ceased operations in 1918. Future plans include drilling to access these tunnels for further inspection, utilizing advanced technology like LED cameras and bots.
Buyer Group International, Inc. (OTC PINK:BYRG) has announced the installation of an advanced security camera system at Shambhala #71 to protect its investments. The new system provides real-time visibility of the access road and mining site, enhancing operational efficiency. CEO David A. Bryant highlighted the increased value of the property due to confirmed high-grade PGMs identified through XRF technology. The solar-powered cameras reflect the company’s commitment to mitigating its carbon footprint.
Buyer Group International (OTC PINK:BYRG) has announced a GPR testing event planned for September 26-30, 2022, using a Gepard GPR system. This technology aims to detect underground structures at depths of up to 40 meters. The focus is on the historical New Rambler Mine, with the potential to reveal lost mining sites. Results from the testing will be shared publicly, enhancing transparency and shareholder engagement. CEO David Bryant expressed enthusiasm for the project's potential to increase market valuation and promised updates through the company's technical reports and social media channels.
Buyer Group International (OTC PINK:BYRG) has reported multiple high-grade intercepts at its Shambhala exploration project, utilizing advanced Vanta Handheld XRF technology. Key findings include:
- 860 ppm Cobalt and 4660 ppm Zinc from the Shambhala #71 tunnel.
- 9620 ppm Titanium, 113 ppm Palladium, and 14 ppm Rhodium from tailings.
- 49 ppm Platinum and 15 ppm Rhodium, with a 100% success rate in intercepting Rhodium.
The CEO expressed optimism about these results, indicating a robust presence of high-grade PGM mineralization.
Buyer Group International, Inc. (BYRG) announced funding commitments to achieve its 2022 exploration goals at the Shambhala Project. The company has cancelled 1,372,940,118 shares, reducing its outstanding common stock by 12% to a total of 10,000,000,000 shares. This share reduction is aimed at enhancing shareholder value. President David Bryant indicated that more details about exploration efforts and future plans will be shared soon. The company focuses on mining mineral-rich assets, including platinum and associated metals.