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Millennium Silver Corp V.MSC

Millennium Silver Corp. is a mineral exploration and development company engaged in the acquisition, exploration and development of mining properties. It is exploring silver-gold properties in Nevada, USA. The Company is focused on the acquisition, exploration and development of precious metal deposits such as its Silver Peak silver-gold project in southwest Nevada and its Simon Mine silver-lead-zinc project in the Walker-Lane Trend south of Reno, Nevada. The Silver Peak Mining Project is an advanced exploration project focused on the past-producing Nivloc and 16-to-1 silver-gold mines in the Silver Peak mining district in Nevada. The Silver Peak property consists of 3,943 contiguous acres covering no less than 14 fault zones. It holds a 100% interest in Simon Property, consisting of 20 patented and three unpatented contiguous claims. The Company also holds a further 34 contiguous unpatented mining claims.


TSXV:MSC - Post by User

Bullboard Posts
Comment by FrankSmarton Dec 06, 2013 1:55am
187 Views
Post# 21977493

RE:RE:Another sleeping Giant

RE:RE:Another sleeping GiantMy understanding is that they are working on a financing with a drill program In mind that should totally enhance their initial 43-101 resource estimate. They have a resource that is only based on a 350m section of the old mine workings that was never touched. Back in 1937- 1942 a company high graded the foot wall in areas that spand over 800m. On both sides of IMI's compliant resource. Approx 4.5 million ozs of silver was mined out & approx 100, 000ozs of gold. From the looks of the drill results they may of only taken maybe 10% of the resource out of those areas that were mined. So now do the math. I'm loading up @ these levels cause I believe that some day the Nivloc property will be a mine again & possibly one of the bigger silver/gold mines in the greater US of A. There are some very predominant silver mining companies in Nevada so with any luck IMI may catch one of their eyes. I think next year will be a big year for IMI & with any luck the precious metals market will turn positive in a big way as well. Hang on to your shorts for the ride that's coming. The companies with the goods will flurish. Please DYODD as I have. That's why I'm here.
Bullboard Posts