Big Badja Delivers Record Silver Depths

Exultant Mining (ASX: 10X) has unveiled a significant high-grade silver system at its Peak View project in New South Wales, thanks to promising results from recent rock chip sampling at the historic Big Badja mine. This marks a pivotal moment for the site, which has seen no modern exploration for decades. Initial work by Exultant, including a trial Induced Polarisation (IP) survey, has now pinpointed the historical high-grade silver target with encouraging new data.

Unearthing High-Grade Silver at Big Badja

The latest round of rock chip sampling has delivered some outstanding figures, with one sample returning a remarkable 339 grams per tonne (g/t) of silver, alongside 1.8% lead and 0.4 g/t gold. These exceptional results have prompted Exultant’s executive chairman, Brett Grosvenor, to declare that Big Badja is rapidly emerging as a highly compelling, high-grade silver prospect, building on its already impressive historical grades.

Mr. Grosvenor expressed his enthusiasm, stating, “The latest rock chip result is our highest grade silver returned from the mine to date, and further validates the exceptional tenor of mineralisation indicated by both historical mining records and our earlier sampling.” He added that the trial IP survey has been a game-changer, identifying a chargeable anomaly directly beneath the historic workings that remains open at depth. “This is a significant outcome, as it demonstrates that the system can be effectively targeted using modern geophysics, something that has not previously been applied at Big Badja,” he noted.

A Modern Approach to an Ancient Mine

The combination of these new findings offers a clear roadmap for future exploration. “Taken together, these results point to the potential for a larger mineralised system extending beyond the shallow historical workings and provide a clear pathway for systematic follow-up exploration,” Mr. Grosvenor elaborated.

These new results build upon previously reported high-grade rock chip assays from the mine, which included impressive grades of 256 g/t silver, 4.82% lead, and 0.36 g/t gold. Mr. Grosvenor highlighted how the recent rock chip and geophysical data materially strengthen the prospectivity of Big Badja for Exultant. They confirm not only the presence of high-grade silver-lead mineralisation at surface but also a coincident chargeability anomaly extending beneath the historic workings.

“Importantly, the results demonstrate that the system responds to IP, providing the company with a potentially effective tool to explore for extensions to known mineralisation,” he concluded.

Historical Context and Future Plans

Mining at Big Badja ceased way back in 1890. However, historical records paint a picture of exceptionally rich mineralisation, with documentation showing grades of up to 334 ounces per tonne of silver obtained from a depth of six metres within the main shaft. This shaft reportedly reached a total depth of 30 metres, suggesting significant potential for deeper mineralisation.

The planned follow-up work at Big Badja is set to be comprehensive. The focus will be on expanding the geophysical coverage to better understand the extent of the identified anomaly. Furthermore, the company aims to assess the broader prospectivity of the contact zone, where geological conditions might favour further mineralisation.

Key Takeaways from the Big Badja Exploration:

• High-Grade Silver Confirmed: Recent rock chip samples have yielded exceptional silver grades, validating historical records and indicating a highly prospective target.
• IP Survey Success: A trial Induced Polarisation (IP) survey has successfully identified a chargeable anomaly beneath historic workings, demonstrating the effectiveness of modern geophysical methods.
• Open at Depth: The identified anomaly remains open at depth, suggesting the potential for a larger mineralised system.
• Historical Significance: The mine, inactive since 1890, has historical records of very high silver grades, providing a strong foundation for current exploration.
• Clear Exploration Pathway: The combined results provide a defined strategy for systematic follow-up exploration and resource definition.

Exultant Mining’s share price was trading at 20¢, down -2.44% on the day of this report.

Discussions regarding Exultant Mining Ltd and its projects are ongoing within the investment community.

The information presented here is for general informational purposes only and should not be construed as investment advice. Prospective investors are strongly advised to conduct their own thorough research and consult with a qualified financial advisor before making any investment decisions.