An initial drilling program is under way at the Golden Hill project, situated within the 2,000-sq.-km Florencia-Jobabo concession near Camaguey, Cuba.
Partners Mill City Gold Mining (VSE) and MacDonald Mines Exploration (ASE) are each earning a 25% interest from GeoMinera, a Cuban government-owned mining company, by carrying out a US$850,000 exploration program.
Work to date has outlined five zones of gold mineralization in an iron-oxide cap and in quartz-rich breccias over a 1.5-sq.-km area. Sampling results are pending from 13 large mechanized trenches that were recently completed on the property.
An airborne geophysical survey, combined with follow-up ground geophysics, indicates that the Golden Hill area is underlain by a cluster of electromagnetic anomalies within one large, negative magnetic anomaly.
The initial drilling program, designed to test both the oxidized cap and the underlying bedrock, will consist of 10 holes totalling roughly 600 metres.
Be the first to comment on "Mill City and MacDonald assess Golden Hill project"