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General Moly Inc.
Summary
| Project: | Mt Hope | |
|---|---|---|
| Deposit: | Mt Hope | |
| Location: | United States | |
| Commodities: | Zinc-Copper-Silver | |
| Date: | 1/3/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 3-1-2019: General Moly Inc. announces an Exploration/Drilling Update report for its Mt Hope deposit at the Mt Hope project. Drilling results incl. 51.358m @ 6.21% Zn, 47.62g/t Ag from 41.91m. LAKEWOOD, COLORADO, January 3, 2019 – General Moly, Inc. (the “ | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Mark Osterberg (Mine Mappers LLC) | |
| ABSTRACT: | LAKEWOOD, COLORADO, January 3, 2019 – General Moly, Inc. (the “Company”) (NYSE American and TSX: GMO), the only western exchange listed, pure-play molybdenum mineral development company, announced continued positive results of zinc, copper, and silver mineral intercepts from the final 4 holes of its 9-hole 2018 drill program in a skarn setting adjacent to the Mt. Hope primary molybdenum (“moly”) deposit. Assay results from the final 4 core holes, totaling 4,024.7 drilled feet, confirmed near-surface, sulfide zinc mineralization with MH-257 intersecting the previously identified deeper, high-grade copper-silver zone. The drill hole location map is shown in Appendix 1. These holes intersected the gently inclined mineralized horizons at steep angles, and intervals reported in Appendix 2 are slightly greater than true width. Individual drill hole highlights are as follows Commenting on the completed 9-hole drilling program, General Moly Chief Executive Officer Bruce D. Hansen said, “Our results have been very encouraging with all the holes in 2018 drilling program indicating strong near-surface zinc mineralization and several holes demonstrating the continuity of copper and silver mineralization at depth, which remains open. We will further analyze the 2018 results to evaluate the potential to produce a Preliminary Economic Assessment (PEA), focused at a minimum on the near-surface zinc opportunity.” The 2018 drilling program encompassed 8,300 feet drilled in 9 holes in the skarn area, southeast of the Mt. Hope moly deposit located in central Nevada. Drill results for prior drill holes were reported in the Company’s news releases of October 16 and September 4, 2018. | |
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