Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Maverix Metals Inc. V.MMX


Primary Symbol: T.MMX

Maverix Metals Inc is a precious metals royalty and streaming company. It offers a mining-related investment that provides exposure to metal price appreciation, and exploration and expansion potential, but without the risks associated with ongoing capital costs, operating costs, and environmental liabilities. The company holds interests in various properties such as La Colorada, San Jose, Mt. Carlton, Vivien, Beta Hunt, Silvertrip, Florida Canyon, Moose River, Shalipayco, Romero, Omolon, and others. The firm's business presence can be across the region of the Americas and Australia, as well as Mexico and Canada.


TSX:MMX - Post by User

Bullboard Posts
Post by ceossson Sep 15, 2011 2:14pm
284 Views
Post# 19046698

Sampling Results

Sampling ResultsLook good to me.  Here is the first half of the release.

TORONTO, CANADA - September 15, 2011 - Mr. Thomas Skimming, CEO of MacMillan Minerals Inc., (CNSX:MMX) is pleased to announce that the Company has completed an underground sampling program at the La Raizura Gold-Silver Property. In June 2011, the Company purchased a 100% unencumbered interest in the 10 hectares claim. The claim is surrounded on all sides by the Company's titled 733 hectare El Oro Property. La Raizura is located in the southern portion of Company's Las Cucharas Project, which is comprised of 19 claims totaling 5,214.769 hectares situated in the northern part of Nayarit State in Mexico. The Las Cucharas Project covers a series of generally northwest trending vein structures which mainly occur within a 6 km long by 2 km wide mineralized corridor (see attached map of Las Cucharas Project).

To View Map Image, please Copy and Paste URL below into New Browser:

https://thenewswire.ca/client_files/2011-09-15-0.pdf

The Raizura (see attached map of La Raizura underground sampling with results)

To View Map Image, please Copy and Paste URL below into New Browser:

https://thenewswire.ca/client_files/2011-09-15-1.pdf

has two historical underground workings that were excavated along a northerly trending structure. The two workings are located approximately 25 metres apart separated by a flat-bottomed gully. The southern working consists of a 4.5 metre long adit. Three samples reported a weighted average grade of 0.833 g/t Au and 440.6 g/t Ag over a true width of 0.77 metres along the length of the adit. The northern adit extends on the northerly trend for a distance of 13 metres. Three samples collected along the length of the adit averaged 0.684 g/t Au and 269.1 g/t Ag over a true width of 1.42 metres. At a distance of 12 metres from the entrance, the north adit intersects a north-westerly trending zone. This north-westerly zone is the main zone where the historical high grade mining occurred. It was mapped and sampled underground over a distance of 71.1 metres to the point where an old cave-in prevented further work. Eight samples collected along the initial 28.3 metres of this main working averaged 1.054 g/t Au and 174.6 g/t Ag over a true width of 1.44 metres. Fifteen samples collected along the remaining 42.8 metres of the working averaged 3.791 g/t Au and 337.3 g/t Ag over a true width of 2.5 metres. The total 71.1 metre accessible length of this structure reported a weighted average of 3.038 g/t Au and 292.5 g/t Ag over an average true width of 2.08 metres. The most northerly sample collected near the point of the cave-in reported 12.1 g/t Au and 870.0 g/t Ag over a true width of 0.89 metres. The width of the vein structure is estimated to be 4 metres in this area, suggesting that the grade and width of the zone is increasing towards the northwest.

Two southwesterly trending veins were also observed in the old workings. Two samples collected within an 8 metre long drift along one of these structures reported 4.923 g/t Au and 1,009.1 g/t Ag over a true width of 0.55 metres and 1.420 g/t Au and 128.0 g/t Ag over a 1.6 metre sample width. A sample collected from the second southwest trending zone assayed 4.0 g/t Au and 650.0 g/t Ag over a sample width of 1.5 metres. These southwest striking zones may correlate with a 100 metre long by 30 to 40 metre wide zone of cryptocrystalline quartz located in rhyolitic rock approximately 500 metres southwest of the old working.

Bullboard Posts