Millennial Precious Metals (TSX.V: MPM) has announced the results from the phase 1 drill program at Red Canyon located in Nevada. Red Canyon is a Carlin-style, sediment-hosted gold project in the heart of the Battle Mountain-Eureka mineral trend, located 50 km northwest of the town of Eureka and 37 km southeast of the 20M-ounce Cortez Hills Mine complex. The property consists of 6,500 acres (2,600 hectares) containing several target zones. In early May, Millennial commenced Phase 1 of a 12-drill hole program designed to tighten the geological controls and three-dimensional geometry of gold mineralization at the Heavenly target zone.
- Phase 1 drill holes are designed to test the extents of oxidized mineralization in the central zone of the Heavenly target, while tightening the geological model.
- Gold assay results from holes -003, -004, -005, -007, and -009 report oxidized mineralization throughout a zone consistent with that of previously reported holes (-001RD and -002RD).
- Mineralization in these holes is consistent with the working geologic model: stratabound Au hosted in calcareous siltstone dipping moderately to the southeast.
- Mineralization on the project is open to the south and southeast (down dip)
Composite highlights of holes -003, -004, -005, -007, and -009 include:
- Drillhole HVN-2021-003 returned high-grade intercepts of 3.05 g/t over 11 meters, including 10.32 g/t over 3 meters, with local high grades of 20.5 g/t over 1 meter.
• Drillhole HVN-2021-004 returned a wide intercept of 1.13 g/t over 15 meters.
• Drillhole HVN-2021-005 returned a wide intercept of 2.8 g/t over 30 meters, including a high-grade zone of 5.05g/t over 18 meters, and local zones of 11.5 g/t over 1 meter.
• Drillhole HVN-2021-009 returned a wide intercept of 0.48 g/t over 35.5 meters, including a zone of 0.63 g/t over 26 meters.
“These results reinforce our expectations of consistent Carlin-style - oxidized mineralization across several drill holes in the Heavenly target zone,” stated Jason Kosec, President and CEO of Millennial. Jason also added, “in 2022, our Phase 2 drilling will test down dip and along strike continuity of the close to surface oxidized mineralization and will expand the program to other target areas of interest of the Red Canyon Project.”
The first phase of this drill program includes 2,200m in 12 planned drill holes at the Heavenly target zone. The Heavenly zone is one of several primary targets across 6 square km of outcropping alteration in Devonian-age sedimentary rocks. The Heavenly target consists of oxidized Carlin-style mineralization. Gold mineralization occurs within a calcareous siltstone and mineralized fault zones. These first holes confirmed the mineralization style, established main ore controls, grade continuity and geometry and increase the confidence in the geologic model at the Heavenly target zone. Compiled with historical data, the drill program will continue to expand the footprint for oxidized mineralization in the Heavenly target zone to the west and east, encompassing an area approximately 200 x 800 meters in size and is open to the south and southeast (down dip).