Millennial Precious Metals Corp. Provides Results from the Ongoing Resource Conversion and Exploration Drill Program Currently Being Conducted At Its Mountain View Project Located in Nevada, USA
December 07, 2021 at 04:15 pm EST
Millennial Precious Metals Corp. provided results from the ongoing resource conversion and exploration drill program currently being conducted at its Mountain View project located in Nevada, USA, as a part of the fully funded 20,000m maiden drill program. The 2021 Phase 1 Mountain View drill program consists of 30 holes, totaling 7,250m. Millennial expects to continue to release drill results from the program every month. MVCD-0013 returned an intercept of 0.32 g/t oxide Au over164.6m including intercepts of 0.94 g/t Au over 21.3m and 0.90 g/t Au over 27.6m. Mineralization is characterized by the disseminated oxide portion of the deposit hosted by flow-banded rhyolite; Higher-grade zones are present at the top of the hole near surface and extend approximately 40m past the current pit shell; MVCD-0013 was designed to convert resources within the current block model from Inferred to Indicated in support of the updated mineral resource and PEA in 2022; MVCD-0013 was successful in infilling the block model to aid in resource conversion; Consistent with previous observations, mineralized rhyolite at Mountain View is situated directly below the alluvium, which is composed of sand, gravels and boulders as seen in Figure 5. As a result, it is expected that pre-stripping for open-pit mining will not require conventional drilling and blasting, potentially reducing mining costs. MVCD-0008, MVCD-0010, MVCD-0011, and MVCD-0012 holes were drilled within the northeastern, lower grade portion of the current pit shell. Mineralization is characterized by the disseminated oxide portion of the deposit hosted by flow-banded rhyolite; Drill holes were designed to convert resources within the current block model and for metallurgical work on the lower grade zones; MVCD-0008, MVCD-0010, MVCD-0011, MVCD-0012 were all successful in infilling the block model to aid in resource conversion. MVCD-0010 mineralization extended 24m beyond the current pit shell; MVCD-0012 mineralization extended 92m beyond the current pit shell.