Miocene Metals Limited (MII.V)today announced the final results from its 2011 surface exploration and drilling programs on its Rogers Creek property located 40 kilometers south of Pemberton, in southwestern British Columbia.
The drilling confirmed the presence of structurally controlled high-level copper-gold mineralization.
Identification of a 200 x 800 metre copper and gold soil geochemical anomaly on the western flank of the 2 x 6 kilometre area of alteration and mineralization comprising Targets 1 and 2;
Discovery of surface gold/copper mineralization within the southern part of the soil anomaly with channel sample values of 9.12 metres of 1.958 g/t gold (Au), 0.573% copper (Cu) and 13.7 g/t Ag (Ag), similar to the average of the 11 grab samples (2.679 g/t Au, 0.820% Cu and 19.23 g/t Ag) collected over the 80 x 100 metre discovery area;
Commenting on the results Bruce Jago, President and CEO of Miocene Metals stated, "We achieved quite a lot in a very short field season, which really only got into full swing in mid-August after successful completion of our IPO. We extended the mineralized area associated with Targets 1 and 2, and our drilling confirmed our mineralization model. This has identified a number of high quality targets for our 2012 drill program. This is excellent progress considering that the Rogers Creek area was not even identified as having any mineralization a few years ago."
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
