🕐16.05.13 - 09:54 Uhr

BLACK MOUNTAIN RESOURCES - HIGH GRADE SILVER BONANZA ZONE AT NEW DEPARTURE ACCESSED, MONTANA USA



BLACK MOUNTAIN - A SILVER JUNIOR WITH SUBSTANTIAL UPSIDE IN 2013 Black Mountain Resources, the AIM listed US focused silver developer, today announced that it has accessed the Bonanza Zone at its New Departure Silver project in the US, where production from 2.5Moz historic non-JORC silver resource at 620g/t Ag is on target for Q2 2013.

Please find the announcement attached. News Release in Summary: The development drive has successfully accessed the eastern area of the high grade silver Bonanza Zone at the Companys New Departure Silver Project located in Montana, US.

Historic resource reports identified 720,000oz at 80opt Ag (~2500g/t Ag) in the Bonanza Zone.

Production samples will now be taken for assaying and mill testing.

This represents a major milestone towards first production of high grade silver ore from the project targeting 350,000 oz annual silver production in 2013 and 1,000,000 oz 2014 onwards. Following the entry into the Bonanza Zone workings, it is intended that crews will focus on continuing the Bonanza Drive out the side of the mountain creating a secondary escape way and access to mine dumps / haulage access, as well as focussing on the construction of the Main Drive to access the historic workings in the Main Zone.

Historic resource reports identified 1,425,000oz at 15opt Ag (~470g/t Ag) in the Main Zone.

The Main Zone ore is key for blending material for the significantly high grade Bonanza Zone ore. [Description: Description: cid:image002.jpg@01CE517C.BF3FB120] Black Mountain Overview: Black Mountain Resources Limited is a dual listed (ASX | AIM: BMZ) silver exploration and development company operating in proven silver regions of Idaho and Montana, USA with a combined historic non-JORC resource of 14.5Moz with an average grade of >600g/t Company highlights: * High grade, low cost production and secured access to mills and excellent infrastructure in place * Development underway with production targeted to commence at two projects in Q2 | Q3 2013 * Drilling and exploration programmes planned to confirm and delineate resource extension and JORC compliant resource * Extensive drilling programmes completed at Conjecture & New Departure silver projects in 2012 - high grade silver intercepts highlight significant exploration upside potential * An experienced team with a strong regional experience & a track record of delivery in the precious metal and corporate finance sectors Black Mountain has a number of significant upcoming catalysts: 1.

Assay results at New Departure available - 10-15 days 2.

Debt / Offtake Financing Finalised 3.

Met work and bulk sample mill results - June 4.

Delivery of first silver con for sale 5.

Recommencement of development operations at Conjecture 6.

Lakeview Mill operational 7.

Exploration activity on both mines (extensional and newly identified areas)
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