- Masivo (MASS) to resume drilling with upsized program
- One hole has already been completed and two projected parallel mineralized zones with copper-gold-silver values found
- Originally the company stopped drilling from mass amounts of snow
- All drilling equipment is still on site allowing the company to quickly restart any work that is needed for the program
- Once the company finishes drilling hole 2, 3, and 4, it will start on the Montgomery tunnel target area.
- Masivo Silver (TSXV.MASS) stocks is trading at C$0.16 at 11:36 am EST
Masivo Silver (MASS) will be starting up its drilling operations at the Boston Mine Project.
One hole has already been completed and two projected parallel mineralized zones with copper-gold-silver values found.
Originally the company stopped drilling from mass amounts of snow.
All drilling equipment is still on site allowing the company to quickly restart any work that is needed for the program.
Amongst some of the work that has taken place, Masivo has drilled hole number 2 to a depth of 280 feet. The technical team has approved a 150 foot extension in addition to testing more mineralized targets.
Once the company finishes drilling hole 2, 3, and 4, it will start on the Montgomery tunnel target area.
Some historical results at Montgomery include; 5 feet at 26.19 ppm Au, 59.31 ppm Ag and 1.81 per cent Cu and a 3 foot channel sample at 29.49 ppm Au, 169.03 ppm Ag and 3.9 per cent Cu.
Brian Brewer, a qualified person for Masivo is looking forward to drilling and finished the first phase of the program. “This [drilling] will give us great insight to the mineralized structure that has a strike length of 7.5 Kilometers and has previously returned high grade production.”
The company is looking to raise $750,000 at C$0.13 per unit in a non-brokered private placement.
Masivo is a Canadian junior silver and gold mining exploration company based in Vancouver, Canada.
Masivo Silver (MASS) is trading at C$0.16 at 11:36 am EST.
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