Mill City Announces Positive Results From Tombstone Gold Project
August 02 2011 - 10:00AM
Marketwired
Mill City Gold Corp. (TSX VENTURE: MC)(FRANKFURT: NJ6) ("Mill City"
and/or the "Company") is pleased to announce positive results from
Phase 1 soil geochemical surveys that were conducted earlier this
summer at four of its properties located near Dawson City in
central Yukon where Golden Predator recently announced a second
discovery at its flagship Brewery Creek Project.
The four properties are part of a package of six properties that
are held under option from Strategic Metals Ltd. (TSX VENTURE: SMD)
and which are collectively referred to as the Tombstone Gold
Project. The properties lie in a prospective belt of high-level
plutons that extends southeasterly from Golden Predator's Brewery
Creek property to Ryan Gold's Ida-Oro property.
The most promising results were obtained from the Ham property
which adjoins the Ida-Oro property, where localized contour
sampling identified a 300 by 700 m area containing scattered
moderately to strongly anomalous values for gold (20-163 ppb),
silver (2-20.7 ppm), arsenic (100-1660 ppm), antimony (20-278 ppm),
bismuth (10-147.5 ppm) and lead (100-789 ppm).
Phase 2 exploration comprising contour and grid soil sampling
combined with systematic prospecting and geological mapping are
planned for later this summer.
The 2011 Tombstone Gold program is being conducted by Archer,
Cathro & Associates (1981) Limited. Technical information in
this news release has been reviewed by Heather Smith, B.Sc.,
P.Geo., a qualified person for the purpose of National Instrument
43-101.
Analytical work for Phase 1 of the project was done by ALS
Chemex. The preparation of soil samples was done in Whitehorse and
the geochemical analyses in North Vancouver.
A 50 g sample was digested in a mix of three parts hydrochloric
acid and one part nitric acid. The acid mix generates nascent
chlorine and nitrosyl chloride, which dissolves free gold and gold
compounds. Final gold values are determined by inductively coupled
mass spectrometry directly from the digestion liquor (Au-TL43). All
samples were then analyzed for 51 elements using a 0.5 g sample,
which is digested by aqua regia. After cooling the solution is
diluted with deionized water, mixed and analysed by inductively
coupled plasma-atomic emission spectrometry (ME-MS41).
For additional information concerning Mill City Gold Corp. or
its various exploration projects please visit the Company's website
at www.millcitygold.com.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Mill City Gold Corp. James R. Brown President
403-640-0110 jim.brown@millcitygold.com www.millcitygold.com
Jervois Mining (TSXV:MC)
Historical Stock Chart
From Nov 2024 to Dec 2024
Jervois Mining (TSXV:MC)
Historical Stock Chart
From Dec 2023 to Dec 2024