Millen Mountain: Gold prospect near Halifax, Nova Scotia, Canada
Location & Proximity to Other Projects
HIGHLIGHTS
- 80 claims, 1280 hectares, in central Nova Scotia, Canada, near Halifax
- Highly accessible, power, highway, local workforce all readily available
- Owned through 50/50 joint venture with Probe Gold Inc.
- Lies within rock units of the Meguma Group with historical gold production throughout Nova Scotia of over 1.2 million oz
- Situated among past producing gold mines and one current producer
- Evidence of historical “vein chasing” excavation throughout property
- Grab sampling in 2018 returned anomalous gold values to 23.75 g/t
- Geophysics and limited drilling (1551m, 6 drill holes) finds anomalous gold values and quartz veins typical of Meguma Gold deposits
Joint Venture With Probe
- Probe Gold Inc. (TSXV: “PRB”) earned a 50% interest in Millen Mountain through exploration expenditures
- Myriad and Probe entered a 50/50 joint venture agreement in 2019
- Both sides obligated to contribute pro rata to future exploration budgets, or can (eventually) be diluted to an NSR
- Probe Gold is a highly successful company with several high profile gold projects throughout Canada
Gold Potential Summary
- Many similar characteristics to Meguma Gold Deposits
- Very limited drilling to date intercepted anomalous gold
- One grab sample returned high grade of 23.75 g/t
- Geophysical work provides great data for future drill targeting
- Plethora of nearby gold projects and producers
- For full background / history and more technical detail, see 43-101 report completed 2019
