Buyer Group International (OTC:BYRG) Stock in Focus After Latest Development

As another trading week begins, investors are going to be looking into those stocks that may come into focus among investors, and one of those could well be the Buyer Group International Inc. (OTC:BYRG) stock. The company came into focus this past Friday after it announced that it had been successful in completing Phase One of a multi-phase approach to the development of the initial Mineral Resource Estimate (MRE) related to the Shambhala Platinum Project.

The company revealed that in the first phase of the exploration initiative, there was a thorough surface sample campaign that encompassed as many as 270 unique locales spread across all the 84 lode mining claims belonging to the company around the New Rambler Mine. It was also noted in the press release that the geologist had also followed the chain of custody and forwarded the sample for assay results to the American Assay Laboratories. The assay results had been used for the purpose of generating geochemical, geostatistical, and biological interpretations as well as geospatial heat maps.

The Chief Executive Officer of Buyer Group International, Dave Bryant, spoke about the development as well. He expressed his satisfaction with the state of the project. Bryant started off by noting that it had been his intuition two years ago that the Shambhala Project was going to be a good starting point. He noted that the company had been successful in discovering a thin platinum vein system that was accessible from the surface.

The company intended to crack the adit open and work on the expansion of the existing workings. Currently, the company is primarily involved with exploration at its flagship project located in Shambhala. The project is located not too far away from the southern edge of the Cheyenne Belt. It remains to be seen if the stock gets any action today.