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Broadway Gold Mining Ltd.
Summary
| Project: | Madison | |
|---|---|---|
| Deposit: | Madison | |
| Location: | United States | |
| Commodities: | Copper-Gold | |
| Date: | 6/15/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 15-6-2017: Broadway Gold Mining Ltd. announces an Exploration/Drilling Update report for its Madison deposit at the Madison project. Drilling results incl. 25.3m @ 1.098% Cu, 1.65g/t Au from 9.1m. Vancouver, BC – June 15, 2017 – Broadway Gold Mining Ltd. | |
| Resources: | x | |
| CP/QP: | [Overall Report]: R. Tim Henneberry (Internal) | |
| ABSTRACT: | Vancouver, BC – June 15, 2017 – Broadway Gold Mining Ltd. (TSX-V: BRD) (OTCQB: BDWYF) (Frankfurt: BGH.F) (“Broadway” or the “Company”) is pleased to announce the remaining results from the 2017 underground drill program at its 100%-owned Madison copper-gold project in the historic Butte-Anaconda mining region of Montana, USA. “We have had significant success with the underground portion of our drill program at Madison,” said Duane Parnham, President and CEO of Broadway. “We have proven that the copper-gold mineralization continues at depths below the 600 level. With further work, Broadway may be in a position to consider extracting the high-grade gold values revealed to date using existing permits under our Small Miners Exclusion Statement.” Underground drilling has defined a 30 meter by 16.5 meter ovoid cylindrical sulfide body immediately beneath the 600 level. Results clearly show that gold and copper mineralization continues to depth below the 600 level as shown in the accompanying drill plan (see also http://broadwaymining.com/projects/current-exploration/). This gives the Company the option to consider resuming small-scale mining using existing infrastructure in the same manner as the previous operator. Because the existing underground infrastructure does not allow for deeper drilling from within the mine workings, surface hole C17-20 was drilled to test the down dip extension of the mineralized ovoid body a further 40 meters below the 600 level. This hole intersected massive sulfides parallel to the short axis of the sulfide body, which indicates that the body remains open to depth. Broadway cautions investors these are visible observations of the core mineralization and assay results have not yet been received from the laboratory. Assay results are pending for nine surface drill holes. | |
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