Monster Mining Completes 2011 Keno-Lightning and McKay Hill Exploration Programs
November 28 2011 - 10:00AM
Marketwired
Monster Mining Corp. (the "Company") (TSX VENTURE:MAN)(OTCQX:MMNGF)
is pleased to announce that it has completed its 2011
Keno-Lightning and McKay Hill exploration programs and has received
the results and interpretation of the airborne geophysical program
conducted in June this year (see News Release June 15, 2011) and
the YMIP-funded mapping and prospecting program completed at McKay
Hill in September 2011.
SkyTEM Surveys APS conducted a 1920 line kilometre time domain
electromagnetic (TDEM) survey over Keno-Lightning and McKay Hill in
June 2011 (News Release June 15, 2011) The helicopter-borne SkyTEM
system, which is capable of producing high resolution, highly
accurate data from surface to depths of up to 300 m, is well-suited
to identifying steeply dipping to vertical conductors and resolving
minor differences in lithological conductivity. The survey was
designed to generate exploration targets outside of the known
occurrences and assist in structural interpretations of the geology
and mineralization on Keno-Lightning. Interpretation of the
inverted data was completed by Mr. Tom Weis, consulting
geophysicist and principal of Thomas V. Weis and Associates. Prior
to establishing a private practice, Mr. Weis was chief geophysicist
for Newmont Mining Corporation and has worked for oil and gas and
mineral companies in USA, Australia and Papua New Guinea as well as
consulting on various projects globally.
Keno-Lightning:
Results of the broad scale interpretation at Keno-Lightning
indicate that both the EM and magnetic data sets are effective in
identifying structural targets in the appropriate orientation, and
the EM data appears to map lithology. There are a number of
features in both the EM and magnetic data sets that correlate with
known veins and vein faults, and significantly, more than 40
features in the correct orientation that have not been previously
identified. The EM response has identified a number of highly
resistive zones, which correlate extremely well with metamorphosed
intrusive bodies, where these bodies are known and have been
mapped. A number of the resistive zones do not appear to be related
to outcropped intrusions, and may represent buried diorite and
dolerite, which have historically proven to be good mineralization
hosts due to their brittle nature. Several of these EM highs have
gaps, which may represent structures, and are considered
high-priority exploration targets.
Seven structures were identified in the Homestake prospect area,
only one of which has been tested to date. Previous drilling from
the Homestake veins has returned grades up to 4027 g/t Ag over
narrow intervals (43-101 dated March 29th, 2011,
www.monstermining.com). The proximity of Homestake to Alexco
Resource Corp.'s Bellekeno mine and the favourable orientation of
the structures identified by the survey (one of which correlates to
a known and tested vein) means that Homestake remains a high
priority target for 2012 and beyond. The survey also identified two
previously unidentified structures in the Faith-Caribou area.
Results of soil sampling in the Faith area this year indicated a
zone of Au-Ag-As anomalism coincident with possible extensions of
known veins (see News Releases of September 8th and October 5th,
2011), and the survey appears to support this interpretation.
The SkyTEM survey has identified more than 40 structures within
the Keno-Lightning claim block, all of which will be evaluated in
the context of geology to determine whether they warrant follow up
exploration, and in what priority. Many of these structures are
unrelated to known veins or structures, but are within the range of
preferred orientations for mineralized structures within the Keno
Hill camp and as such represent a considerable expansion of
potential targets on the Keno-Lightning property. Work will
continue over the winter to refine and rank the targets for
exploration in 2012 and beyond. Targets require confirmation in the
field, using mapping, soil geochemical sampling, and trenching, and
drill targets will be refined based on the results of geochemical
sampling and mapping and prospecting. Please refer to our website
www.monstermining.com for maps.
The company has also completed 1800 m of HQ3 and NQ3 diamond
drilling at the Homestake and Caribou Hill prospects. Results of
the diamond drilling are expected late in Q4.
McKay Hill:
Results of the SkyTEM survey at McKay Hill have highlighted
several areas on the property with similar geophysical properties
to those of the known veins and associated alteration. Gold and
silver mineralization at McKay Hill is associated with zones of
intense iron carbonate alteration and the margins of mafic to
intermediate composition intrusions or lava flows. The survey
indicates that known mineralization is associated with a magnetic
low on the margins of a magnetic high, interpreted to reflect
magnetite destructions associated with carbonate alteration on the
edges of diorite intrusions. This pattern is reflected elsewhere in
untested areas of the property and suggests the potential for
further undiscovered veins in the northeast of the property.
Resistivity data indicates that known mineralization is associated
with resistivity highs, interpreted to reflect quartz and carbonate
alteration associated with gold and silver mineralization. The
survey has identified at least four sub-parallel zones with similar
high resistivity and in the same orientation as known
mineralization in untested areas of the property, all of which are
high-priority targets for ground follow up in the 2012 field
season. Please refer to our website www.monstermining.com for
maps.
The company also completed a Yukon Mining Incentives Program
(YMIP) -funded mapping and prospecting program on the property in
September 2011. The mapping program, which was designed to evaluate
the structural architecture and structural controls on
mineralization at McKay Hill, was completed by Dr. Kirsten
Nicholson of Ball State University, Indiana. Her work identified
four deformation events on the property and suggests that
mineralization at McKay Hill occurs at the intersection of D2
quartz-carbonate veins and D3 faults. Results of the geophysical
survey and the structural mapping project have refined exploration
targets in the central claims area of the McKay Hill prospect and
identified new targets outside of the areas of historic focus.
Ongoing work over the winter will focus on ranking and prioritizing
these targets for follow up in 2012 and beyond.
The company's flagship Keno-Lightning project, which comprises
329 quartz claims for approximately 6,650 hectares, hosts eight
known Yukon Minfile occurrences and is located in the historic Keno
Hill silver district, which produced over 200 million ounces of
silver between 1913 and 1989(1). McKay Hill, which is located
approximately 50 km north of Keno City covers approximately 415
hectares and comprises 144 unsurveyed Yukon Quartz claims staked
over the White Hill and McKay Hill precious- and base-metal rich
quartz-sulfide vein occurrences. McKay Hill is strategically
located between several major prospects and deposits, including the
Keno Hill silver district, the intrusion related (IRGS) Eagle Zone
at Dublin Gulch and the recently discovered Rau and Nadaleen
trends.
Joanna Ettlinger, PhD, MAusIMM(CP) is the Qualified Person under
National Instrument 43-101 who has reviewed and approved the
technical information contained in this news release.
(1) Cathro, R.J. 2006, Great Mining Camps of Canada 1. The
History and Geology of the Keno Hill Silver Camp, Yukon Territory,
Geoscience Canada, v. 33, p. 103-134
ON BEHALF OF THE BOARD
Robert Eadie, President, Chief Executive Officer and
Director
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Monster Mining Corp. Robert Eadie 1-604-602-4935
1-604-602-4936 (FAX)info@monstermining.comwww.monstermining.com
Metallic Minerals (QB) (USOTC:MMNGF)
Historical Stock Chart
From Aug 2024 to Sep 2024
Metallic Minerals (QB) (USOTC:MMNGF)
Historical Stock Chart
From Sep 2023 to Sep 2024