Black Bear Minerals Reports 2.2 Million Ounce Gold Equivalent Resource at Nevada Project, Shares Jump 19%

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Black Bear Minerals (ASX:BKB) said it has completed an updated mineral resource estimate (MRE) for its Independence Project in Nevada, exceeding a combined total of 2.2 million ounces of gold equivalent (AuEq), according to a Wednesday Australian bourse filing.

The company said the project demonstrates "exceptional" endowment, with epithermal deposit mineralization spanning 1.5 kilometers of strike situated above high-grade 6.29 grams per tonne gold skarn deposit mineralization.

The 2026 updated MRE represents an increase of 815,900 ounces since the 2025 maiden MRE at a mineral resource growth cost of AU$4.71 per ounce, with significant growth potential existing outside both the epithermal and skarn resources, as all mineral domains remain open along strike and at depth, the filing added.

The company's shares surged 19% in recent Wednesday trade.

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