Business
Minnova Corp.: Multiple High Grade Gold Intercepts in Expansion and Exploration Drill Program
Toronto, Ontario--(Newsfile Corp. - March 6, 2018) - Minnova Corp. (TSXV: MCI) (OTC: AGRDF) ("...
About this update from Minnova Corp.
[{"type":"text","content":"Minnova Corp.: Multiple High Grade Gold Intercepts in Expansion and Exploration Drill ProgramToronto, Ontario--(Newsfile Corp. - March 6, 2018) - Minnova Corp. (TSXV: MCI) (OTC: 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 initial positive results from its Winter 2017 PL Mine resource expansion and on-strike exploration drilling program.Highlighted intercepts include;13.5 g/t over 1.00 m16.0 g/t over 1.00 m6.15 g/t over 1.00 m6.85 g/t over 2.00 mThe purpose of the drilling program was to demonstrate the resource expansion potential of the PL Gold Deposit and the on-strike exploration potential of the property.Full and partial assay results have now been received for 13 of the 17 diamond drill holes completed as part of a 2,095 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 currently defined in drill core over a strike length of approximately 1 kilometer. The deposit remains open to expansion along strike and down dip. The expansion and exploration drilling program was designed to target the shallow, on-strike extension of the gold mineralized share zones in areas of newly discovered showings (see our press release describing new gold showings discovered during summer 2017 field program dated August 24, 2017) between surface (the resource sub-crops) and -100 meters vertical; with a goal of demonstrating the expansion potential of the current PL Gold resource.Gorden Glenn, CEO commented, \"Initial results from our expansion and on-strike exploration program confirmed much of our interpretation, that the gold mineralized shear zones extend beyond the limits of the current PL Deposit resource and the portion of the Feasibility Study mine block model, that is targeted for test mining and the early years of production. This bodes well for future resource estimates. We are encouraged by the combination of high gold grades and multiple intercepts per hole, all of which occur at shallow depths. Results to date continue to enhance our geological model and our confidence that with more drilling we can successfully test the resource expansion p...