Buyer Group International, Inc. Receives a Technical Memorandum from Hard Rock Consulting, LLC for the Shambhala Project near Albany, Wyoming
- HRC will continue expanding on their surface sampling efforts and begin Phase 2 exploratory efforts and drilling.
- The completion of Phase 1 brings the company closer to developing a mineral resource estimate for the Shambhala Project.
- None.
SHERIDAN, WY / ACCESSWIRE / October 19, 2023 / Buyer Group International, Inc. (OTC PINK:BYRG) is delighted to provide a technical memorandum that offers a concise overview of HRC's surface sampling efforts during the summer of 2023 in the Shambhala claims area. The memo also provides a comprehensive and meticulous account of the geological history and overview of the region. After assay results are obtained, HRC will keep expanding on this, ideally in the direction of Phase 2 exploratory efforts and drilling.
Figure 1: (A) Mylonitic quartzofeldspathic gneiss in adit (B) Mylonitic amphibolite (C) Mylonitic foliation stereonet with mean plane (116, 90) in red (D) Fault with clay-rich damage zone in adit.
Full Shambhala Technical Memorandum PDF: CLICK HERE
"With the completion of this task, we are approaching the end of Phase 1 in a series of phases ultimately aimed at developing a mineral resource estimate for the Shambhala Project," said Dave Bryant, CEO. HRC will begin compiling the final Phase 1 report after obtaining the laboratory results from AAL. This study will serve as the foundation for our subsequent actions, as we will immediately begin Phase 2, which will include the creation of an NI 43-101 technical report presenting the project's conceptual geologic model as well as suggestions for future drilling exploration."
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, 2.71 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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FORWARD-LOOKING STATEMENTS:
This press release contains forward-looking statements as defined within Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements relate to future events, including our ability to raise capital, or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause materially different results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.
For a discussion of these risks and uncertainties, please see our filings with the OTC Markets Group Inc. Our public filings with the OTC Markets Group Inc are available from commercial document retrieval services and at the website maintained by the OTC Markets at https://www.otcmarkets.com/stock/BYRG/disclosure
CONTACT:
Buyer Group International, Inc.
Phone: 214-810-1317
Email: byrg.group@gmail.com
SOURCE: Buyer Group International, Inc.
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FAQ
What is the purpose of the technical memorandum?
What will HRC do after obtaining the laboratory results?
What is the goal of developing a mineral resource estimate?
What is Phase 2 of the project?
What is NI 43-101?
