BTV News Alert: M3 Metals Acquires a New Gold Project
M3 Metals has a new acquisition in Arizona
M3 Metals is focusing on three projects. Two of which are located in Canada. However, their latest acquisition, the Mohave Mine Gold Project, is in Arizona.
Mohave Mine Gold Project
The Mohave project covers over five square miles of strongly altered rocks and virtually all of an historic gold district. The district is estimated to have produced about 100,000 tons at a grade of between 0.33 and 0.5 oz Au/ton.
There have been more than 550 drill holes totaling more than 68,000 feet drilled on the project. Additionally, drilling has developed a historic Reserve of 56,000 oz/Au and a historic Resource of 40,000 oz Au for total of 96,000 ounces of gold.
Moreover, all of the historic drilling has been done in the northern one-fourth of the property, and the majority of these holes were shallow, 100 feet-deep, air-track holes, and many stopped in ore-grade mineralization. Most of the work was done in the 1980s and 1990s. It was also directed toward putting the known gold reserve/resource in the northern part of the property into production rather than exploring the potential for a much larger, 1 M oz Au, deposit.
“For M3 Metals, we plan to focus on the exploration upside of the project and show that it really has significant potential”, says President Adrian Smith.
For more information on M3 Metals Corp. (MT:TSX.V) please fill out the form below.