Buyer Group International Inc. (OTC:BYRG) Stock Gains Momentum

If you are currently looking into those companies that were in the news cycle on Tuesday, then it could well be a good time to consider taking a look into Buyer Group International Inc. (OTC:BYRG). The company came into focus on March 19 after it announced the 2024 underground exploration plan for the project Shambhala. The plan had been prepared by Justin Mistikawy and proposed to Groundhog Mining & Milling LLC.

In the news release, the company noted that the Shambhala 71 adit had led to the exposure of a mylonitic quartzofeldspathic gneiss that contacted variably deformed mafic-to-ultramafic metaigneous rocks. It was revealed that Buyer Group International would conduct studies into those orientations in more detail at the time of the Phase 1B geological mapping.

Groundhog Mining & Milling would be involved in overseeing the diamond core drilling operations after the completion of the necessary modifications to the adit. Once the entire set-up is completed and the drilling begins, it is projected that Groundhog Mining will be able to recover anything between 50 and 100 feet of core in each shift, as long as conditions permit. The drilling activities would take place throughout the day, and the shifts would be decided by Groundhog Mining at its own discretion. The company also revealed that it estimated that the drilling activities would require around 20 to 30 days to be concluded.

Following the end of the drilling and recovery processes, Groundhog Mining would place AQ-sized core in BQ-sized boxes. Groundhog would also provide wax-impregnated, pre-labeled 10-foot cardboard boxes for the purposes of core placement. It should be noted that Buyer Group International is currently working on the exploration activities at Shambhala, its flagship mining project located in Albany County, Wyoming. The project is made up of 84 land claims.