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Minnova Corp.
Summary
| Project: | Maverick | |
|---|---|---|
| Deposit: | PL Deposit | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 7/18/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 18-7-2017: Minnova Corp. announces an Exploration/Drilling Update report for its PL Deposit deposit at the Maverick project. Drilling results incl. 7.23m @ 5.98g/t Au from 179.0m. July 18, 2017, Toronto, Ontario – Minnova Corp. (TSXV: MCI, OTC Pink: AGRDF | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Chris Buchanan (Internal) | |
| ABSTRACT: | July 18, 2017, Toronto, Ontario – Minnova Corp. (TSXV: MCI, OTC Pink: AGRDF, "Minnova” or the “Company”), an advanced-stage mining exploration and gold development company focused on the advancement and re-start of its 100% owned PL Gold Mine in central Manitoba is pleased to announce final assay results from Phase 1 of its 2017 PL Gold Deposit in-fill drilling program. The Company also announces that it has engaged CSA Global Canada Geosciences Ltd. (“CSA”) to initiate an updated mineral resource estimate for the PL deposit. Gorden Glenn, CEO commented “Our 2017 drill program achieved a high level of success, intersecting multiple zones of high grade gold mineralization, including one of the highest grade gold intercepts ever reported at the PL deposit (298.05 g/t over 0.30 m in hole M-17-14). With Phase 1 drilling complete we are now in a position to update our PL Deposit mineral resource estimate in support of our ongoing feasibility study and planned underground test mining program to be initiated fall 2017. It is anticipated the feasibility study will be completed in August 2017 in support of project financing discussions to re-start the PL mine”. The 2017 drill program has advanced the Company’s technical understanding of the PL Deposit with the recognition of new structural controls on the formation of higher-order mineralized shear zones within the deposit that provide multiple targets for the discovery and expansion of highergrade mineralized shoots. The new exploration targets include: conjugate shear zones, mineralized shoots plunging along the intersections of existing zones, and previously unrecognized shear zones that link the historical mineralized zones. The recognition of a conjugate shear zones controlling mineralization provides a comprehensive structural framework to begin re-modeling the deposit and understanding the controls on mineralization. | |
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