SHERIDAN, WY / ACCESSWIRE / September 12, 2024 / Buyer Group International, Inc. (OTC PINK:BYRG), a junior miner company focused on its flagship Shambhala Project containing approximately 2.65 square miles of mineral rights in the New Rambler Mining District in Albany County, Wyoming, is pleased to announce a preview of the results from the completed USGS aeromagnetic survey conducted spring and summer of 2023. The survey identified significant magnetic anomalies that align with the geological history of the New Rambler District and the company's exploration model highlighting the potential for heavily mineralized deposits located in the area.
The USGS aeromagnetic survey covered a wide area including the Shambhala project area. What it reveals are highly magnetic zones that may correlate with platinum group element mineralization as well a mineralized iron, copper, titanium, cobalt, and aluminum as demonstrated from other testing done in the area The next phase will focus further exploration and drilling programs on several key areas of interest highlighted by the results.
Figure 1: Aeromag Results with BYRG Claims Overlaid
Key Highlights from the Aeromagnetic Survey:
We have identified three distinct magnetic anomalies, which suggest potential zones for the mineralization of platinum group elements amongst other types, copper, cobalt, etc.
The correlation between these anomalies and known geological structures in the region increases the likelihood of successful targeted drilling with more efficient outcomes.
The CEO, David Bryant was quoted, "The results of the aeromagnetic survey conducted by the USGS are very interesting and reveal a ton of information. These findings allowed us to continue with a huge step forward with the project, demonstrating we are on the edge of a highly attractive mineralized zone. With this data, we are more confident in our exploration approach and eager to begin targeted drilling in the identified high-potential zones."
With such clear results from the USGS Survey the Company is poised to leapfrog ahead with its program for exploring this area.
The company previously proposed conducting a magnetic survey in Q3 of 2024, however with this survey in hand, the Company intends to proceed with an IP (induced polarization) survey that will further examine the magnetic anomalies at depth to provide us with legitimate drilling targets. Induced polarization (IP) tomography is a highly effective geophysical tool for mineral exploration.
(Figure 2 - Proposed MagSurvey)
2D resistivity/IP prospecting shows changes in the Earth's properties that happen both vertically and laterally. This allows for a determination of the geometry and depth of buried structures.
By simultaneously creating two maps: resistivity and IP, you can easily identify the presence of a charge in the ground. This is critical for mineral exploration and identifying economic minerals, particularly massive sulfides, which are highly conductive with respect to the rest of the subsurface. In the Shambhala claims area, it is believed that regional hydrothermal fluids remobilized pre-existing sulfide minerals into discrete structures, thereby concentrating them. An IP survey should clearly detect these minerals, especially when scattered as smaller grains within a rock matrix, providing valuable information for mineral prospecting. As a result, the degree of knowledge about the three major subsurface formations will dramatically increase, opening the path for future drilling and permitting plans.
Buyer Group will continue to engage with stakeholders, including local communities and regulatory bodies, as the exploration progresses!
About Buyer Group International, Inc.
Buyer Group International, Inc. is targeting exploration at its flagship mining project Shambhala in Albany County, Wyoming. The Shambhala Project consists of 84 lode claims, 2.65 square miles in the historic New Rambler District. The district is located near the south edge of the Cheyenne Belt, a noted Greenstone Belt of the Medicine Bow mountains, which contains various concentrations of rare minerals.
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CONTACT: Buyer Group International, Inc. Phone: 214-810-1317 Email: byrg.group@gmail.com
