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Broadway Gold Mining Ltd.
Summary
| Project: | Madison | |
|---|---|---|
| Deposit: | Madison | |
| Location: | United States | |
| Commodities: | Copper-Gold | |
| Date: | 7/19/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 19-7-2017: Broadway Gold Mining Ltd. announces an Exploration/Drilling Update report for its Madison deposit at the Madison project. Drilling results incl. 23.8m @ 1.247% Cu, 1.843g/t Au from 130.8m. Vancouver, BC – July 19, 2017 – Broadway Gold Mining Lt | |
| Resources: | x | |
| CP/QP: | [Overall Report]: R. Tim Henneberry (Internal) | |
| ABSTRACT: | Vancouver, BC – July 19, 2017 – Broadway Gold Mining Ltd. (TSX-V: BRD) (OTCQB: BDWYF) (Frankfurt: BGH.F) (“Broadway” or the “Company”) is pleased to report the additional high grade assay results from the Phase II surface drilling campaign at its 100%-owned Madison copper-gold project in the historic Butte-Anaconda mining region of Montana, USA. “This was our first hole from surface targeting the area below the high-grade mineralization intercepted during the underground drill program. We have now confirmed with a series of impressive copper and gold drill holes that mineralization extends on a major northwest to southeast trend and also confirmed our belief that the massive-sulphide zone is open at depth,” said Duane Parnham, President and CEO of Broadway Gold Mining. “Having received all Phase II drill results, we can now complete our initial geological model for the Madison property, which will define the high priority targets in our next phase of drilling.” Hole C17-20 and the contained massive sulfide is further confirmation that the mineralizing system may have originated from a sulfur-rich source at depth. The hole was drilled to test the down dip extension of the massive sulfide targeted by earlier underground drilling and was drilled almost parallel to the granitic contact to intersect the short axis of the sulfide. Three copper intervals were intersected. The first was a 31.1-meter zone of dioritic intrusive exhibiting copper oxides throughout the length of the interval. The second was a short 3.7-meter interval of epidote skarn with interfingering diorite with copper oxides. The third interval was 23.8 meters in length and included a 3.7-meter section of massive sulfide within a larger epidote through epidote-diopside-garnet skarn. Hole C17-20 returned three-foot intercepts ranging from 0.002% Cu to 4.06% Cu and 0.002 g/t Au up to 5.61 g/t Au. Mineralization consisted of 1% to 20% chalcopyrite, 1% to 70% pyrite, 0% to 20% pyrrhotite and 0% to 15% magnetite. | |
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