RE: Great News from UNB : NRAll I can say is EXCELLENT NEWS... AGAIN, Management is on the ball!!!
Within 24 HOURS THEY HAD STAKED THE NEW CLAIMS!!!
"#C05-6 on its Madison property of 41.05% copper over a core length of 27 feet within a larger intercept of 64 feet grading 19.24% copper. Additionally, Coronado reported gold assays further down the hole of 54.4 feet of 0.354 ounces of gold per ton."
The Copper Star group of 4 claims was staked by experienced personnel from the company's wholly owned subsidiary, Montana Molybdenum Corporation immediately after the Coronado announcement. Hart Baitis PhD. (geology) assisted the staking crew by making available his extensive library of geological information on the Silver Star district. Dr. Baitis specifically recommended that the company efforts be directed to acquiring ground covering the contact between the Madison Limestone and the intrusives in the Silver Star mining district, concentrating on areas prospective for skarn-sulphide deposits. During the staking operation, oxidized gossan as well as copper stained (malachite and azurite) material were found on surface (float) on the properties acquired.
The Copper Star land package is contiguous with, and lies to the east and south east of the Coronado Resources Ltd. ground. The Copper Star land package is on federally administered (BLM) public lands, in a known mining district, and is easily accessed by 4 x 4 roads within 2 miles of State Highway 55 and the village of Silver Star.
President R. Bruce Duncan states, "While our primary focus is to move the molybdenum operations forward, and in particular the Bald Butte operations, as well as a recently announced drill program in Red Lake, the significant assays that came out of the Coronado camp were viewed by management as an opportunity that could not be ignored for the stakeholders of the company. The team at Montana Molybdenum were able to react quickly, doing a superb job of identifying what they felt were the most prospective lands surrounding the new discovery and staking them within 24 hours of the announcement of the Coronado discovery."