Bison Resources Returns Up to 43 g/t Silver and 2.8% Lead at Ruby Lake, Nevada

Aakashdeep

11 November 2026 12:32 PM AEDT

Bison Resources Returns Up to 43 g/t Silver and 2.8% Lead at Ruby Lake, Nevada

Image Source: Krish Capital Pty Ltd

You are reading a free article with opinions that may differ from the recommendation given by Kalkine in its paid research reports. Become a Kalkine member today to get access to our research reports, in-depth technical and fundamental research. Learn more

Start Your Free Trial Now!

Bison Resources (ASX:BSR) has reported silver, copper, lead and zinc mineralisation at its Ruby Lake and Cherry Springs projects in Elko County, northeast Nevada, USA, with surface rock chip sampling returning results of up to 43 g/t silver and 2.8% lead at Ruby Lake, confirming the presence of intrusion-related mineral systems across both projects.

Key Points

Surface rock chip sampling at Ruby Lake returned up to 43 g/t silver and 2.8% lead, defining a 2.7 km-long silver-lead-zinc anomaly along the southern margin of the Ruby Stock intrusion.
A total of 146 surface rock chip and float samples have been collected at Ruby Lake, with assay results received for all samples.
At Cherry Springs, 594 surface rock chip and float samples returned results of up to 1.4% lead, 2.0% zinc and 0.2% copper, coincident with magnetic highs on the margin of the Cherry Stock intrusion.
Drillhole planning is underway to target intrusion-related mineralisation at both the Ruby Lake and Cherry Springs projects.

Ruby Lake Surface Sampling Results

Bison Resources disclosed that 146 surface rock chip and float samples have been collected at the Ruby Lake Project, primarily focused along the southern margin of the Ruby Stock intrusion. Assay results have been received for all samples, with the highest result of 43 g/t silver and 2.8% lead recorded in sample RLR0046. The results define a 2.7 km-long silver-lead-zinc anomaly hosted in calcareous mudstones and chert in contact with the southern margin of the Ruby Stock. The company stated that follow-up sampling is required along the northern and western margin of the intrusion to determine the potential for additional mineralisation.

Cherry Springs Copper-Lead-Zinc Anomalism

At the Cherry Springs Project, 594 surface rock chip and float samples were collected as part of a baseline survey. Assay results have been received for all samples, highlighting copper-lead-zinc anomalism hosted within iron-silica alteration and gossanous breccias. Results returned grades of up to 1.4% lead, 2.0% zinc and 0.2% copper, coincident with distinct magnetic highs located along structures adjacent to the margin of the Cherry Stock intrusion. The filing states that geochemical anomalism exhibits a distinct zonation, with lead-zinc-dominant anomalism in the north of the project and a copper-dominant zone in the south.

Nevada Project Portfolio and Next Steps

Bison Resources' Nevada portfolio comprises four projects — Ruby Lake, Cherry Springs, Bald Peaks and Medicine Range — collectively covering 456 unpatented lode mining claims across approximately 38.1 km², situated approximately 80 km southeast of Elko. The company disclosed that no known previous exploration has been undertaken across the projects. Bison Resources CEO Tim Mackellar stated that assays and geophysical interpretation are near completion, with the next step being to integrate datasets and rank targets for maiden drilling. The company said drillhole planning is underway to target intrusion-related mineralisation at the Ruby Lake and Cherry Springs projects.

Download Free Report – Explore 3 Stock Ideas & Industry Insights

Unlock 3 stock ideas and key industry insights in our free report. This information is general in nature and does not consider your personal objectives, financial situation, or needs. It is not financial advice.

All investments involve risk—consider independent advice before making any investment decisions.

View 3 Research Reports

Disclaimer:

This article (“Article”) has been prepared by Kalkine Pty Limited (ABN 34 154 808 312) (Australian financial services licence number 425376) (“Kalkine”) and its related bodies corporate who are authorised to provide general financial product advice. Kalkine.com.au and its associated pages are published by Kalkine.

Any information/advice provided in this article is general in nature and does not take into account your objectives, financial situation or needs. You should therefore consider whether the information is appropriate for your objectives, financial situation and needs before acting upon it.

There may be a Product Disclosure Statement, Information Memorandum or other offer document (“Offer Document”) for the securities or other financial products referred to in Kalkine articles. You should obtain a copy of the Offer Document and consider it before making any decision about whether to acquire the security or financial product.

Kalkine strongly recommends that you seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) before acting on any advice/information in this Article or on the Kalkine website. Not all investments are appropriate for all people.

The information in this Article and on Kalkine website has been prepared from a wide variety of sources, which Kalkine, to the best of its knowledge and belief, considers accurate. Kalkine has made every effort to ensure the reliability of the information contained in its articles (including this Article), newsletters and websites. All information represents our views at the date of publication and may change without notice.

The information in this Article does not constitute an offer to sell securities or other financial products or a solicitation of an offer to buy securities or other financial products.

Kalkine does not issue, sell or deal in any financial products.

This Article may contain information on past performance of particular investments. Please note past performance is neither an indicator nor a guarantee of future performance.

To the extent permitted by law, and excluding any dishonesty or gross negligence by Kalkine, Kalkine disclaims and excludes all liability for any direct, indirect, implied, punitive, special, incidental or other consequential loss or damage arising from the use of or reliance on this Article, the Kalkine website and any information published on the Kalkine website without any warranties or representations by Kalkine to you. To the extent the law prohibits or limits this exclusion, Kalkine limits its liability to the resupply of services.

Please also read our Terms & Conditions and Financial Services Guide for further information.

Employees and/or associates of Kalkine and its related entities may hold interests in the securities or other financial products covered in this Article or on the Kalkine website. Any such employees and associates are required to comply with certain safeguards, procedures and disclosures as required by law.

Some of the images/music that may be used in the Article are copyright to their respective owner(s). Kalkine does not claim ownership of any of the pictures displayed/music used in the Article unless stated otherwise. The images/music that may be used in the Article are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated or was found to be necessary.

Kalkine Media Pty Ltd, an affiliate of Kalkine Pty Ltd, may have received, or be entitled to receive, financial consideration in connection with providing information about certain entity(s) covered on its website.