The Cochrane Gold Mine and Mineral Mountain’s adjoining claims occur within a 3 km long major structural corridor of a fold-thickened sheared iron formation on the west side of the Rochford anticlinorium. This area hosts near surface gold mineralization. Several small historic open cuts mined in the early 1900’s targeted high grade ore shoots to a maximum depth of only 30 m. Previous surface sampling by the USGS revealed common gold values in the vicinity of the Cochrane Mine workings in excess of 10 g/t Au with values up to 130 g/t Au. A NNW-trending arsenic soil geochemical anomaly is present along a strike length in excess of 1 km and coincides with the iron formation and significant gold in trench sampling, including 4.67 g/t Au over 7.62 m and 9.02 g/t Au over 7.62 m. A modest amount of shallow historical drilling has occurred on the Cochrane property consisting of 12,536 m (41,130’) in 62 core holes.
The Cochrane Gold Mine and Mineral Mountain’s adjoining claims occur within a 3 km long major structural corridor. This area hosts near surface gold mineralization.
The most advanced gold zone known at the surface of this trend is the Cochrane Mine deposit which is estimated to host, based on drilling by Noranda, Getty, Newmont and Naneco Resources, an in-house non-compliant NI43-101 resource estimate of 68,000 ounces of gold in the indicated category and 200,000 ounces of gold in the inferred category grading a combined 268,000 ounces @ 6.3 g/t Au to a depth of just 165 meters. This zone plunges south off of the patented Cochrane Mine property onto ground controlled by Mineral Mountain.
Naneco intersected the down plunge extension of the Cochrane Mine deposit between the lower limits of the non-compliant resource, a short distance from Mineral Mountain property. Drill hole NM96-5 intersected 9.86 g/t Au over 2.74 m and three separate high grade mineralized intervals were cut in hole NM96-7 including 10.04 g/t Au over 5.03m, 10.25 g/t Au over 2.44 m, and 10.87 g/t Au over 2.74 m. The latter drill hole intercepts in NM-96-7 are located only 100 m up plunge from the Cochrane Minedeposit/MMV property common boundary.
The Cochrane Target Trend below this depth on MMV land is completely untested and the opportunity exists to define the down-plunge extension of the Cochrane Mine over a significant distance. In addition, several other shallow high grade gold intercepts and surface occurrences outside the historic resource area at Cochrane remain open down plunge onto Mineral Mountain property. The most significant of these is located on the west side of the Cochrane shear zone. Naneco drill hole NM-96-2 intercepted 7.53 g/t over 1.98 m within a folded iron formation structure blind to the surface.