SHERIDAN, WY / ACCESSWIRE / January 18, 2024 / Buyer Group International, Inc. (OTC PINK:BYRG) is pleased to announce the signing of an official agreement with Groundhog Mining and Milling Company. The initial goal is to establish contact with known regulatory and management agencies having jurisdiction over access and exploration operations on the property described as Shambhala #71 in the New Rambler Mining District of Albany County, Wyoming (Sections 03 through 06, T14NR79W, and Sections 19 through 22 and 27 through 34, T15NR79W, in the Medicine Bow Mountain Range) to determine permitting requirements. Groundhog then will assist in the development and submission of plans, permit applications, and/or the conduct of necessary studies once the requirements are determined.
For the starting plan, we are evaluating the use of the existing adit as a point of entry for additional underground exploration and drilling. The construction of the portal pad will result in an actual disturbance area of less than 2 acres. To eliminate unauthorized access to the existing 100-foot tunnel, we will secure a new portal, including a mine door. This plan may include both surface and underground drilling.
The primary purpose of underground drilling is to verify the continuity of the downward dip of the vein at depth. If underground drilling is deemed feasible, traditional mining techniques will be used to widen the existing tunnel and construct underground drill pads. A possible future purpose is to connect with the underground mine complex of the old New Rambler Mine tunnels that run near or under existing claims.
CEO Dave Bryant of Buyer Group International, Inc. enthusiastically announced the addition of Nathan Hunt and his Groundhog team to the Shambhala Project. "Two years ago, we had a meeting with Nathan and Groundhog to scope this project, now coming to fruition with this specific task. I had, at the time, a very good feeling we would be able to expand the existing adit into a portal, but we had made the correct choice to allocate funds towards conducting additional exploration, testing, and obtaining independent confirmation of the geochemical anomalies found on the BYRG property. Now we have a high degree of certainty we're on the right path and close to our goal of finding the best areas to drill. This endeavor yielded remarkable results, providing us with a substantial amount of information that will contribute to the success of this project and its realization in 2024."
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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OTC Stock Market Information: https://www.otcmarkets.com/stock/BYRG/overview
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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