Millennial Precious Metals (MPM.V) has released the assay results from hole MVCD-0021 drilled on the Mountain View project. The assay results indicate an interval of 189 meters containing 0.46 g/t gold has been intercepted starting at a depth of approximately 120 meters downhole. The long interval of 189 meters contains two higher grade intervals with for instance 33.5 meters of 1.35 g/t gold starting at just under 148 meters down hole and 23.9 meters containing 0.56 g/t gold.
This hole was designed to test an area between two higher grade zones in the center of the deposit and by confirming the presence of a thick layer of gold-bearing rocks, Millennial Precious Metals has confirmed the continuity of the mineralization outside of those brecciated areas. According to the preliminary analysis, the upper half of the hole is fully oxidized while the transition zone seems to start at a depth of approximately 200 meters down hole (and all the way to the end of the hole).
The drill program at Mountain View will be wrapped up in the second quarter, where after the company will start drilling the Wildcat project in Nevada.
Disclosure: The author has a long position in Millennial Precious Metals. Please read our disclaimer.
