Jason Kosec, President and CEO of Millennial Precious Metals (TSX.V:MPM – OTCQB:MLPMF), joins us to review the recent drill results at the Mountain View Project in Nevada. Drillhole MVCD-0016A returned an intercept of 0.91 g/t oxide Au over 232.5m including a high-grade intercept of 10.88 g/t Au over 11.3m and 2.18 g/t Au over 22.3m.
We discuss how the high-grade portion of the hole at depth, and 30 meters below the current pit shell provides further evidence of the potential bonanza grade feeder zone which could significantly augment project economics at Mountain View. We discuss the company plans to continue to test these deep structures, and that if the grade does keep increasing that it may be potentially amenable for underground mining at depth, similar to the nearby Sleeper deposit. In 2021, the Company drilled 21 holes at Mountain View totaling 5,256m. The 2022 drill program at Mountain View consists of 2,700m with the objective of confirming RC grades, validating grade continuity, and extending the mineralization laterally to increase the pit size.
Next we have Jason explain the attractive low strip ratio, and that when that is factored in to the potential economics, that the grade after dilution is very attractive when stacked up against other similar projects in the Great Basin that are in production or in development. The Company has 7 projects in total, but currently has 1.2million oz total gold resource, from the 2 primary flagship properties: the Wildcat Property (~776,000 oz at 0.40g/t gold) and Mountain View Property (~427,000 oz at 0.57g/t gold).
If you have any follow up questions for Jason, or want more information on any aspect of Millennial Precious Metals, then please email us at Fleck@kereport.com or Shad@kereport.com.
