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Magnum Goldcorp Inc.
Summary
| Project: | LH | |
|---|---|---|
| Deposit: | LH | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 2/8/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 8-2-2018: Magnum Goldcorp Inc. announces an Exploration/Drilling Update report for its LH deposit at the LH project. Drilling results incl. 8.5m @ 7.1g/t Au from 33m. West Vancouver, British Columbia – February 8, 2018 – Magnum Goldcorp Inc. (the “Company | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Rick Walker (Internal) | |
| ABSTRACT: | West Vancouver, British Columbia – February 8, 2018 – Magnum Goldcorp Inc. (the “Company” or “Magnum”) is pleased to announce analytical results from the Company’s successful helicoptersupported drill program recently completed on its gold exploration property (the “LH Property”). The LH Property consists of 19 contiguous crown granted claims and six mineral claims 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 1.8 km south of Silverton and then via Red Mountain Road for 1.6 km and a four-wheel drive road along Fingland Creek for 9 km. As part of its 2017 drill and exploration program, the Company initiated a helicopter supported drill program to further evaluate high grade gold mineralization previously identified in the LH underground workings (see News Release dated August 18, 2015). A total of 5 drill holes were completed from a single pad for a The objective of the 2017 drill and exploration program (see also News Release dated January 3, 2018) was to confirm high grade gold mineralization reported from both previous drilling and underground chip sampling by previous operators. Previous work was interpreted to suggest potential for multiple high grade, gold-bearing mineralized zones associated with intervals having elevated sulphide, more specifically pyrrhotite ± arsenopyrite, content.total of 659 metres with collar information tabulated below. | |
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