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Minnova Corp.
Summary
| Project: | Maverick | |
|---|---|---|
| Deposit: | PL Deposit | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 6/13/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 13-6-2016: Minnova Corp. announces an Exploration/Drilling Update report for its PL Deposit deposit at the Maverick project. Drilling results incl. 2.40m @ 17.97g/t Au from 326.0m. June 13, 2016, Toronto, Ontario – Minnova Corp. (TSXV: MCI, OTC Pink: AGRD | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Brian Robertson (Internal) | |
| ABSTRACT: | June 13, 2016, Toronto, Ontario – Minnova Corp. (TSXV: MCI, OTC Pink: AGRDF, "Minnova” or “the Company”) is pleased to announce positive results from Phase 1 of its 2016 PL Gold Deposit drilling program. Significant intercepts include 44.31 grams per tonne ("g/t") (1.42 ounces per ton ("oz/t")) gold over a core length of 0.8 meters which was contained in a broader interval grading 17.97 g/t (0.58 oz/t) over a core length of 2.4 meters. This interval from drill hole M-16-2 corresponds to the Lower Mineralised Zone, one of 4 mineralized zones that make up the PL Deposit resource. M-16-2 also intersected both the Sherridon and Upper Zones returning 1.91 g/t (0.06 oz/t) over a core length of 4.4 meters and 6.24 g/t (0.20 oz/t) over a core length of 0.75 meters, respectively. Hole M-16-1 did not return any significant gold values although the targeted Sherridon Zone was intersected at the targeted downhole depth between 526 to 530 meters. Typical Sherridon Zone mineralogy of quartz vein associated with trace to 2% sulphide mineralization consisting of arsenopyrite, pyrite and pyrrhotite were noted in this interval. The core is being re-examined and additional samples with be submitted for fire assay. | |
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