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Broadway Gold Mining Ltd.
Summary
| Project: | Madison | |
|---|---|---|
| Deposit: | Madison | |
| Location: | United States | |
| Commodities: | Copper-Gold | |
| Date: | 3/7/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 7-3-2019: Broadway Gold Mining Ltd. announces an Exploration/Drilling Update report for its Madison deposit at the Madison project. Technical report summarising exploration on property. The Madison Cu‐Au Project (the “Project”) is permitted for mining, su | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Robert Middleton, Phillip Mulholland (Internal) | |
| ABSTRACT: | The Madison Cu‐Au Project (the “Project”) is permitted for mining, surface and underground exploration. The Project contains two past‐producing underground mines, the Broadway and the Madison mines. The Broadway produced 144,000 ounces of gold from 1880‐1950. The Madison was developed from 2005‐ 2011. It generated 7,570 ounces of gold and 3,020,000 pounds of copper from bulk samples of 19,803 tons at an average grade of 0.52 oz/ton gold and 25% Cu. Broadway Gold Mining Ltd. (“Broadway” or the “Company”) recently refurbished the Madison mine in 2017. While actively expanding known copper and gold zones that remain open for development within each mine’s perimeter, the Company’s exploration program has identified new anomalies across its extensive land package that provides compelling drill targets in both the skarn and what appears to be associated with a large‐scale porphyry source of mineralization. The Madison Mine contains approximately 3,000 feet of underground workings to a vertical depth of 215 feet. The Company recently rehabilitated the underground workings in order to access potential stopes in which the mineralization is believed to have been left behind by the previous owners of the property. The rehab work also allowed Broadway to reenter the extents of the underground drifts and conduct a successful underground exploration drilling program. This drilling returned favorable results that indicate mineralization is continuous to the northwest of the current underground workings. | |
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