Millennial Precious Metals Corp. (TSXV: MPM) announced today the inaugural assay results of its 12 hole program at the Red Canyon project in Nevada. The highlights include intersecting 4.54 g/t gold over 54.0 metres.
The initial results came from two drill holes within phase 1 of the program:
- HVN-2021-002RD: 4.54 g/t gold over 54.0 metres, including 9.18 g/t gold over 22.0 metres
- HVN-2021-001RD: 2.60 g/t gold over 22.0 metres, including 3.00 g/t gold over 19.0 metres
The company is in the first phase of the drill program which is designed to test the extent of oxidized mineralization at the Heavenly target. The phase itself is expected to consist of a total of 2,200 metres of drilling. Following the initial assays from the two reported drill holes, the development company is optimistic to “expect similar results from the remaining ten holes over the coming weeks,” with the target currently modeled to be 200 metres by 800 metres in size.
The Nevada-based firm has a standing option on a purchase agreement for a 100% stake on Red Canyon with Red Canyon Corporation.
Millennial Precious Metals Corp. last traded at $0.60 on the TSX Venture.
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