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Magnum Goldcorp Inc.
Summary
| Project: | LH | |
|---|---|---|
| Deposit: | LH | |
| Location: | Canada | |
| Commodities: | Gold-Silver | |
| Date: | 11/25/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 25-11-2019: Magnum Goldcorp Inc. announces an Exploration/Drilling Update report for its LH deposit at the LH project. Drilling results incl. 6.34m @ 0.680g/t Ag, 5.150g/t Au from 29.28m. West Vancouver, British Columbia – November 25, 2019 – Magnum Goldc | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Rick Walker (Internal) | |
| ABSTRACT: | West Vancouver, British Columbia – November 25, 2019 – Magnum Goldcorp Inc. (the “Company” or “Magnum”) is pleased to announce encouraging analytical results from the Company’s helicopter-supported drill program recently completed on its gold exploration property (the “LH Property”). The LH Property consists of 19 contiguous crown granted claims, seven mineral claims and a mineral lease located approximately 7 km south of Silverton, British Columbia, on the east side of Slocan Lake. Access to the LH Property is via Highway 6 for 8 km south of Silverton and then via Red Mountain Road for 2 km and a four-wheel drive road along Fingland Creek for 5 km. The Company completed the helicopter supported drill program (see News Release dated September 12, 2019) to confirm high grade gold mineralization reported from both the Company’s previous drilling (see News Releases dated August 18, 2015 and February 8, 2018) and underground chip sampling by previous operators. Previous work was interpreted to suggest gold-bearing mineralized zones associated with intervals having elevated pyrrhotite (a magnetic sulphide mineral) and/or arsenopyrite. | |
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