Affiliated companies MVP Capital (TSE) and Excellon Resources (VSE) have completed a 14-hole, 6,125-ft. reverse circulation drill program on their jointly owned TDC Leases, near Tombstone, Ariz.
Four holes intersected significant mineralization, including intercepts that averaged 0.176 oz. gold and 6.39 oz. silver per ton over 25 ft., 0.05 oz. gold and 3.32 oz. silver over 45 ft., and 0.037 oz. gold and 1.31 oz. silver over 35 ft.
Two separate zones on the TDC Leases have geological resources of 717,000 tons averaging 0.065 oz. gold equivalent and 209,000 tons averaging 0.098 oz. gold equivalent per ton.
Meanwhile, at a separate project near Tombstone known as the Robber’s Roost, BHP Minerals has completed a geophysical survey and identified several anomalies. It can earn a 70% interest in the property from Excellon and MVP by spending US$3.6 million over six months and providing a feasibility study. BHP plans to start a 4,000-ft. reverse circulation program in the near future.
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