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Minnova Corp. Reports Additional High Grade Gold Assays from PL Deposit including 298.05 g/t Au over a core length of 0.3 meters(1)
Toronto, Ontario--(Newsfile Corp. - May 23, 2017) - Minnova Corp. (TSXV: MCI) (OTC Pink: AGRDF...
About this update from Minnova Corp.
[{"type":"text","content":"Minnova Corp. Reports Additional High Grade Gold Assays from PL Deposit including 298.05 g/t Au over a core length of 0.3 meters(1)Toronto, Ontario--(Newsfile Corp. - May 23, 2017) - 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.Highlighted intercepts include;298.05 g/t over 0.30 m81.90 g/t over 0.78 m70.35 g/t over 1.04 m23.28 g/t over 0.65 m32.25 g/t over 1.00 m27.02 g/t over 1.00 mOf 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. The Phase 1 in-fill drilling program was designed to target the shallow portion of the deposit between surface (the resource sub-crops) and -150 meters vertical; across the strike length of known mineralization with a goal of upgrading the current measured, indicated and inferred resources.Gorden Glenn, CEO commented \"Hole M-17-14's bonanza grade intercept is one of the highest grade gold intercepts ever reported at the PL deposit and represents a priority target for future drilling to expand this area of shallow, high grade gold mineralization. In addition to continued positive drill...