The Cochrane Gold Mine and Mineral Mountain’s adjoining claims occur within a 3 km long major structural corridor of a fold-thickened iron formation that hosts near surface gold mineralization. The most advanced gold zone, at the up plunge surface expression 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 6.3 g/t Au to a depth of 165 meters.
Naneco, intersected the down plunge extension of the Cochrane Mine deposit between the lower limits of the non-compliant resource and 100 meters from the South boundary. NM96-5 intersected 9.86 g/t Au over 2.74m and three separate high grade mineralized intervals were cut NM96-7 grading 10.04 g/t Au over 5.03m, 10.25 g/t Au over 2.44m, and 10.87 g/t Au over 2.74m. The latter drill hole, NM-96-7, is only 100 m up plunge from the Cochrane Mine deposit/MMV property common boundary.
The Cochrane prospect historical drilling consists of 12,536m (41,130‘) in 62 core holes. A non-compliant NI43-101 had indicated & inferred resource of 268,000 ounces of gold grading 6.3 g/t (.185o/t) Au to 165m (541’) vertical depth.