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Minnova Corp.
Summary
| Project: | Maverick | |
|---|---|---|
| Deposit: | PL Deposit | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 5/23/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 23-5-2017: Minnova Corp. announces an Exploration/Drilling Update report for its PL Deposit deposit at the Maverick project. Drilling results incl. 2.78m @ 37.35g/t Au from 89.22m. May 23, 2017, Toronto, Ontario – Minnova Corp. (TSXV: MCI, OTC Pink: AGRDF | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Chris Buchanan (Internal) | |
| ABSTRACT: | May 23, 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 our 100% owned PL Gold Mine in central Manitoba is pleased to announce further additional positive results from Phase 1 of its 2017 PL Gold Deposit in-fill drilling program. Of note in this release are hole M-17-19, which intercepted two well mineralized shear zones from 89.22m to 92.00m and from 122.00m to 125.00m and hole M-17-14 which intersected bonanza grade of 298.05 g/t Au over 0.30m. Hole M-17-14 successfully tested the up dip projection of the Main and Lower Main shear zones. The shallow, high grade gold mineralization reported in M-17-14 will be updated in a new revised geological model and mine plan and could represent an area for a future underground test mining program. Hole M-17-14’s high grade intercepts are in close proximity to other high grade intercepts noted in Holes M-17-04, 05 and 20. Full and partial assay results have now been received for 24 of the 50 diamond drill holes completed as part of our Phase 1, 10,000 meter drilling program. See Table 1 for details on assay results received to date. The PL Deposit consists of multiple, stacked shear zones trending northwest-southeast and defined in drill core over a strike length of over 1 kilometer. The deposit remains open to expansion along strike and down dip. | |
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