Minnova completes B.C. drilling

Minnova Inc. recently completed approximately 4,000 ft of drilling on International Maggie Mines’ Indian River property near Squamish, B.C. The drilling defined two mineralized exhalite horizons within a sequence of intensely altered rhyolitic to andesitic flows and tuffs. A massive 16.4-ft section of pyrite was intersected at the top of the rhyolite flow unit and a second mineralized horizon at the base of the unit. Hole MM06 intersected 0.5% copper, 3.4% zinc, 0.53 oz silver and 0.02 oz gold per ton over 3.3 ft at the contact. Hole MM09 returned 0.45% copper, 10.8% zinc, 0.4 oz silver and 0.134 oz gold over 2 ft slightly downdip from the first hole.

The horizon is still open downdip, along strike, and a recently completed ip survey appears to trace the anomaly both to the east and west, says Minnova which can earn up to a 70% interest in the property by making cash payments and mining exploration expenditures.