B&N Mining Properties LLC Unveils Strategic Acquisition of Areas Within California's Historical Rand Mining District, Including Renowned Kelly and Atolia Mines

INDIAN WELLS, Calif., Dec. 11, 2023 (GLOBE NEWSWIRE) -- B&N Mining Properties, LLC is proud to announce its recent acquisition of a significant land package in the heart of California's Historical Rand Mining District. The centerpiece of this acquisition includes the historic Kelly mine and most of the Atolia tungsten mines, which date back to 1919 and 1904 respectively and were previously recognized as one of the richest silver mines and tungsten-producing districts in the United States.

The District offers significant untapped gold potential predominantly in hard rock and placer-style deposits, enhanced by silver and tungsten, a valuable and strategic asset poised for further definition.

This landmark acquisition aligns with B&N Mining Properties' commitment to sustainability and revitalizing historical mining regions amid exceptional commodity prices and global mineral constraints. Responsible development of the Rand Mining District projects has the potential to bring significant socio-economic and employment opportunities to local communities and the surrounding area. It will also help meet the growing demand for gold, silver and tungsten.

Robert Binkele, Managing Member, B&N Mining Properties says, "Our acquisition of the Kelly mine and the Atolia area is more than a strategic move for B&N Mining Properties; it's a commitment to preserving and revitalizing a piece of American mining history. The two sites, with their rich legacy, present an unparalleled opportunity for us to contribute to the industry's heritage while meeting the demands of today's dynamic market."

B&N Mining Properties' due diligence of the property included validating 49 historic drill holes, resulting in a new NI 43-101 compliant mineral resource estimate. The assessment revealed an initial gold resource of 306,000 troy ounces with positive economic outcomes. Building on these findings, B&N Mining Properties successfully completed the property acquisition. Moving into the next phase of exploration will enable B&N Mining Properties to identify optimal new drill hole locations and potentially expand the mineral resource. The gold and silver system spans over 8,000 feet, with only about 2,000 feet drilled to date. The remaining unexplored areas, marked by historical mining developments, offer a promising opportunity for additional precious metal exploration.

Sam Shoemaker, Project Manager, John T. Boyd Company added, "We are poised to delve into the depths, unearth new treasures, and reinvigorate mining operations to meet the rising demand for future metals. We firmly believe that these projects will not only yield tomorrow's metals but will position us at the forefront of delivering cutting-edge resources today. This acquisition marks a significant stride in our commitment to sustainable resource development and underscores our dedication to meeting the evolving needs of the metals industry."

Against the backdrop of last year's record-breaking growth in gold demand, this acquisition positions B&N Mining Properties at the forefront of a potential major bull market. Environmental permitting of the project is underway, and many exploration phases have already received permits from the Bureau of Land Management and San Bernardino County.

Interested investors are invited to explore the growth and opportunity associated with this historic acquisition by visiting https://bnmininginc.com/ for more information.

About B&N Mining Properties, LLC

B&N Mining Properties, LLC has recently acquired a significant parcel of land in the renowned Rand Mining District of California. This acquisition includes the historic Kelly and Atolia mining sites, once the most prolific sources of silver and tungsten in the United States, dating back to the 1890s. This venture, referred to as "the Project," aims to rejuvenate these historic mining areas amidst rising commodity prices, global shortages of minerals and metals, and untapped gold resources.

The team at B&N Mining Properties is poised to undertake extensive exploration and development, with a focus on uncovering new resources and reestablishing a robust mining operation. This initiative is driven by the goal of meeting the increasing demand for future metals, and the company is confident that their efforts will yield significant results, effectively supplying the metals of tomorrow, today. Please visit https://bnmininginc.com/ for more information.

Qualified Person

The scientific and technical information in this news release has been reviewed and approved by Sam Shoemaker, SME Registered Member, a Qualified Person under National Instrument 43-101 and is employed by the John T. Boyd Company.

Investor & Media contact

Robert Binkele
B&N Mining Properties, LLC
Phone: 760-409-7117
Email: [email protected]

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This document contains forward-looking statements involving risks and uncertainties. These statements relate to future events or our future financial performance. Any statement that is not a reference to historical fact is a forward-looking statement. These statements are only hypotheses and predictions. Actual events or results may, and often do, differ materially. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance, or achievements. Forward-looking statements include, but are not limited to our:

• Patented mineral rights;
• Unpatented mineral rights;
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• Estimates for future revenues, expenses, and profitability;
• Estimates and third-party figures for potential mineral resources, and related information;
• Ability to attract partners with acceptable testing, development, and commercialization expertise;
• Potential benefits to be derived from corporate collaborations, license agreements, acquisitions, investments, and other collaborative efforts, including those relating to the development and commercialization of our properties; and
• Sources of revenues and anticipated revenues, including contributions from corporate collaborations, license agreements and other collaborative efforts for the development and commercialization of our mineral resources, and the continued viability and duration of those agreements and efforts.

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