Millennial Precious Metals
Nevada Based Precious Metals Resources Company Focused On Growth
To build an innovative, profitable, and multi-asset development company focused on unlocking value through near-surface, heap leachable gold and silver ounces in Nevada and Arizona.
OUTLOOK AND STRATEGY
Millennial Precious Metals (“Millennial”) is focused on discovering quality ounces through the responsible expansion and conversion of its existing projects located in Nevada and Arizona, USA. Millennial plans to apply its proven systematic and scientific phase-based exploration program to advance our projects over the next few years. Phase 1 drill programs at two of the Company’s most advanced projects, Wildcat and Mountain View, will focus on improving the geologic understanding, expanding and converting the resource, and initiation of metallurgical work in both the oxide and sulfide zones of these resources. The drill programs at both Wildcat and Mountain View will feed an updated resource and PEA in 2022. Once complete, Millennial expects to be well-positioned to realize our corporate vision as a multi-million-ounce, multi-asset development company.
As part of the Phase 1 drill program, the Company will also focus on advancing the early-stage Red Canyon property by further exploring the geology and controls on mineralization at the project. Upon completion of Phase 1, the company will look to accelerate Red Canyon’s Phase 2 drill program to better understand the geometry and size potential of key target zones through drilling additional untested areas of interest. Red Canyon has the potential to significantly add value to the Company’s diversified portfolio of highly prospective projects and provide organic growth with the intention of bringing it to the resource stage in the coming years. Millennial will also be reviewing and compiling data on its grassroots projects: Marr, Ocelot, Eden, and Dune during 2021/2022 field season. Upon completion of this review, the team will commence Phase 1 target generation at each of these properties.
Toronto, Ontario, Canada – January 12, 2022 – Millennial Precious Metals Corp. (TSXV:MPM, OTCQB:MLPMF) (“Millennial” or the “Company”) is pleased to provide results from the ongoing resource conversion and exploration drill program currently being conducted at its Mountain View project located in Nevada, USA, as a part of the fully funded 20,000m maiden drill program. In 2021, the Company drilled 21 holes at Mountain View totalling 5,256m. The 2022 drill program at Mountain View consists of 2,700m with the objective of confirming RC grades, validating grade continuity, and extending the mineralization laterally to increase the pit size. Millennial expects to continue to release drill results from the program monthly.
MILLENNIAL’S DIVERSIFIED ASSET PORTFOLIO
Wildcat is located within the Seven Troughs mining district in Nevada, located 56km north of the town of Lovelock within Pershing County.
Mountain View is located within the Deep Hole mining district in Nevada, located 24km north of the town of Gerlach within Washoe County.
Red Canyon is located within the Cortez/Tonkin Springs mining district in Nevada, located 75km northwest of Eureka.
Ocelot is located within the Toiyabe Range in Nevada, located 57km southwest of the Pipeline deposit.
Marr is located within the Toiyabe Range in Nevada, located 60km west-southwest of the Pipeline deposit.
Eden is located northwestern side of the East Range in Western Nevada Rift.
Dune is located on the northwestern side of the East Range in Western Nevada Rift.