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BMC Minerals Says Diamond Drilling at Canada Project Intersects High Grade Sulfide Mineralization; Shares Jump 10%

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BMC Minerals (ASX:BMC) said diamond drilling at its Kudz Ze Kayah project in Canada intersected high grade sulfide mineralization at the Fuego prospect, according to a Monday Australian bourse filing.

The 20,000-meter drilling program is targeting multiple high-priority targets within 5 kilometers of the proposed ABM Mine.

The program encountered intercepts of 5.5 meters at 163 grams per tonne (g/t) grade of silver, 6.4% grade of zinc, 0.9 g/t grade of gold, 0.2% grade of copper, and 4.6% grade of lead from 57 meters, as well as 4.5 meters at 78 g/t grade of silver, 4.2% grade of zinc, 0.5 g/t grade of gold, 1.2% grade of copper, and 0.8% grade of lead from 15.5 meters.

BMC Minerals' shares rose nearly 10% in recent trading on Monday.

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