TORONTO,
Jan. 23, 2013 /CNW/ - MillenMin
Ventures Inc. (TSX-V: MVM) ( " MillenMin " or the
"Company") is pleased to report drill assay results from the
2012 drilling program (the "Drilling Program") recently
completed on its Windpass gold property (the "Property")
situated 10 Km east of Little Fort
in Central British Columbia,
Canada.
As previously described in MillenMin's news
release on October 23, 2012, the
Drilling Program consisted of 4 diamond drillholes (Wp12-2 to
Wp12-7) totaling 910 meters designed to test the geophysical
(magnetic and electro-magnetic) anomalies identified by earlier
survey work. This drilling program was outlined in Phase I work
program recommended by Norm Tribe,
P. Eng., in his April 2012- NI43-101
report entitled "Windpass Gold Property Evaluation Report" which is
available on SEDAR at www.sedar.com.
| The drilling results (at a cut-off
grade of 0.50 g/t Au) are summarized in the following table. |
| |
From |
To |
Interval(1) |
Gold Grade |
| Hole # |
ft (m) |
ft (m) |
ft (m) |
(g/t Au) |
| |
|
|
|
|
| Wp12-2 |
810.0 (246.89) |
811.5 (247.35) |
1.5 (0.46) |
0.74 |
| |
|
|
|
|
| Wp12-4 |
208.0 (63.40) |
213.0 (64.92) |
5.0 (1.52) |
0.79 |
| |
359.0 (109.42) |
361.0 (110.03) |
2.0 (0.61) |
2.95 |
| including |
360.0 (109.73) |
360.5 (109.88) |
0.5 (0.15) |
4.75 |
| |
|
|
|
|
| Wp12-5 |
37.0 (11.28) |
42.0 (12.80) |
5.0 (1.52) |
2.01 |
| |
265.0 (80.77) |
270.0 (82.29) |
5.0 (1.52) |
3.34 |
| |
340.0 (103.63) |
345.0 (105.15) |
5.0 (1.52) |
0.58 |
| |
370.0 (112.78) |
375.0 (114.30) |
5.0 (1.52) |
1.30 |
| |
515.0 (156.97) |
520.0 (158.49) |
5.0 (1.52) |
1.17 |
| |
670.0 (204.22) |
680.0 (207.26) |
10.0 (3.04) |
1.18 |
| |
|
|
|
|
| Wp12-7 |
No intercepts, and no
assay results |
|
|
| |
|
|
|
|
(1) The intervals
approximate true mineralization widths as the drillholes were
drilled normal to the plane of the mineralization zones.
These results appear to indicate several
intercepts of the vein structure-associated gold mineralization.
The Company will review these results in conjunction with the
existing data on the Property to decide on the next step for the
Property.
The Company's CEO, Shunyi Yao, is pleased with the results of the
2012 drilling program at the Property. "The success of this program
adds credence to the story that additional gold mineralization
exists on the Property," he said.
The Drilling Program was supervised by
Norm Tribe, P. Eng., a consultant to
MillenMin and the qualified person as defined by NI 43-101. A total
of 209 core samples were split and placed in sealed bags. The
samples were taken from NQ core with one half sent to ALS Minerals
in North Vancouver for assaying
and the other half retained for future reference. ALS Minerals is
an ISO 9001:2000 certified laboratory. All samples were assayed
using industry-standard assay techniques for gold analyzed by a
standard 30-gram fire assay with atomic absorption finish and/or Au
screen metallic fire assay and 33 elements by ICP-AES (inductively
coupled plasma - atomic emission spectrometry).
The technical information in this news release
has been reviewed and approved by John H.
Paterson, M.Sc., P. Eng., a director of MillenMin, and the
qualified person as defined by NI 43-101.
About MillenMin
MillenMin is a Canadian company engaged in the
acquisition, exploration and development of mineral properties in
Canada and intends to deliver
value through exploration activities. The Company has completed its
2012 drilling program on its Windpass gold property situated at
Central British Columbia, Canada.
Pursuant to the option agreement dated March
7, 2012 with Nevada Clean Magnesium Inc. ("Nevada CMI"),
MillenMin has been granted the exclusive right and option to
acquire an undivided 70% interest in the Property by paying an
aggregate of $120,000 to Nevada CMI, incurring $750,000 aggregate exploration expenditures on
the Property and issuing an aggregate of 400,000 common shares in
the capital of MillenMin to Nevada CMI over a period of four
years.
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Forward-Looking Statements
This press release may include
forward-looking information within the meaning of applicable
securities laws including information concerning the business and
future results of the Corporation. Any such forward-looking
statements are subject to risks and uncertainties. Additional
information on these and other potential factors that could affect
the Company's actual results, performance or achievements are
detailed in disclosure documents filed from time to time with the
applicable securities regulatory authorities. The Company disclaims
any obligation to update or revise any forward-looking information
or statements except as may be required under the applicable
laws.
SOURCE MillenMin Ventures Inc.