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General Moly Inc.
Summary
| Project: | Mt Hope | |
|---|---|---|
| Deposit: | Mt Hope | |
| Location: | United States | |
| Commodities: | Zinc-Copper-Silver | |
| Date: | 9/4/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 4-9-2018: General Moly Inc. announces an Exploration/Drilling Update report for its Mt Hope deposit at the Mt Hope project. Drilling results incl. 22.7076m @ 13.08% Zn, 0.07% Cu, 5.48g/t Ag from 24.5364m. LAKEWOOD, COLORADO / ACCESSWIRE / September 4, 201 | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Mark Osterberg (Mine Mappers LLC) | |
| ABSTRACT: | LAKEWOOD, COLORADO / ACCESSWIRE / September 4, 2018 / General Moly, Inc. (the “Company”) (NYSE American and TSX: GMO), the only western exchange listed, pure-play molybdenum mineral development company, announced positive initial drill assay results confirming near-surface, high-grade zinc and at-depth, noteworthy copper-silver mineralization at the Mt. Hope Project site in central Nevada. Also, the Company announced that the Nevada Supreme Court denied Eureka County’s Writ Petition in an attempt to halt the scheduled September 11, 2018 hearing on the water applications for the Mt. Hope molybdenum project. (See Update section below.) Results from hole MH-249 and partial results from hole MH-250 of an ongoing 10-hole exploration core drilling program were encouraging in identifying shallow horizons or bedding replacement in geologic terms of zinc mineralization, and encouraging copper-silver intercepts at a depth from surface of over 450 feet in hole MH-250. The high-grade, copper-silver target (“Cu-Ag Target”), which was first identified earlier this year by General Moly from historical drill data, lies at approximately 500 to 700 feet from the surface and below the historically mined zinc mineralized horizons. | |
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