Projects

WILDCAT

 

Wildcat Property is located within the Seven Troughs mining district in Nevada, located 56 km north of the town of Lovelock within Pershing County. The property can be accessed year-roundfrom Lovelock via State Route 48. The 9380-acre land package consists of 481 unpatented claims and 4 patented claims. The claims are federally owned lands administered by the U.S. Bureau of Land Management (BLM). The mineralization at Wildcat consists of gold-dominated, low sulfidation epithermal veins and disseminated oxide and sulphide mineralization hosted in volcanic-and intrusive-rocks. The Inferred Mineral Resource estimate at Wildcat contains 776,000 ounces of Au oxide (60.8 million tonnes at 0.40 g/t gold; effective date of November 18, 2020).

A technical report for the Wildcat Project is available on Millennial’s issuer profile on SEDAR at www.sedar.com.

STRATEGY, TIMELINE, & BUDGET

 

• Phase 1 and 2 drilling programs to:

i) Define high grade core

ii) Identify plumbing and feeder systems

iii) Resource expansion and resource conversion

iv) Starting 3Q21

v) 8,000 meteres planned

Release updated NI 43-101 resource update 2Q22

• Release PEA 3Q22

• ~US$2M exploration budget for 2021

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MINERAL RESOURCES

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MOUNTAIN VIEW

 

The Mountain View Property is located within the Deep Hole mining district in Nevada, located 24 km north of the town of Gerlach within Washoe County. The property can be accessed year-round via State Road 447 followed by 2km of gravel. The 2460-acre land package consists of 127 unpatented claims. The claims are federally owned lands administered by the U.S. Bureau of Land Management (BLM). Gold-dominated mineralization at Mountain View consists of low sulfidation epithermal veins and disseminated oxide and sulphide mineralization hosted in Cenozoic volcanic rocks.

Mountain View has an inferred mineral resource estimate that contains 427,000 ounces of Au (oxide) (23.2 million tonnes at 0.57 g/t gold; effective date of November 15, 2020).

A technical report of the Mountain View Project is available on Millennial’s issuer profile on SEDAR at www.sedar.com.

STRATEGY, TIMELINE, & BUDGET

•  Phase 1 and 2 drilling programs to:

i)  Define high grade core

ii)  Identify plumbing systems

iii) Resource expansion and resource conversion

iv)  Starting 2Q21

v)  9,000 meters planned

•  Release updated NI 43-101 resource 2Q22

•  Release PEA 3Q22

• ~US$2M exploration budget for 2021

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MINERAL RESOURCES

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RED CANYON

 

Red Canyon is located within the Cortez/Tonkin Springs mining district in Nevada, 75km northwest of Eureka. The property can be accessed from the town of Eureka by following US Highway 50 west for 20 kilometres to the Monitor Valley Road. This road is then followed north for approximately 50 kilometres to the intersection with the Tonkins Spring access road. Local roads and dirt tracks lead south and east to the main areas of interest on the Red Canyon property. The 5147-acre land package, consists of 254 unpatented claims. The claims are federally owned lands administered by the U.S. Bureau of Land Management (BLM). Gold mineralization at Red Canyon is sediment-hosted, Carlin-style, including deeply oxidized bodies overlying sulfide mineralization. In 2021, Millennial will allocate US$500,000 to follow up known mineralization with new diamond core drilling, with the objective to define gold grade and understand the primary controls on mineralization. Following Phase 1 drilling in spring 2021, Phase 2 will address the geometry and potential size of the mineralization. In addition, some drilling will be completed to explore various drill targets within the property boundary. At this point there are no defined mineral resources at Red Canyon, but there are 10 drill-ready targets. Millennial Precious Metals Corp. is currently leasing the Red Canyon Property and it has an option to acquire it in the future.

STRATEGY, TIMELINE, & BUDGET

•  Confirm historical drill intercepts within primary targets

•  2500 m Phase 1 drill program on the Heavenly Zone

•  Define grade, continuity, and geometry within the Heavenly Zone

•  Commencing 2Q21

•  Begin drill testing conceptual targets (10 targets)

•  Expand existing land package

•  Complete full BLM permit

•  ~US$1,300,000 for Phase 1 program

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OCELOT

 

The Zeno (Ocelot) Property is located within the Toiyabe Range in Nevada, located 57 km southwest from the world class Pipeline deposit. The 2920-acre land package consists of 146 unpatented claims. The claims are federally owned lands administered by the U.S. Bureau of Land Management (BLM). Mineralization at Ocelot is low sulfidation, epithermal Au/Ag, hosted by the Valmy Formation and in volcano-sedimentary units that overlies quartzites of the local basement. The target area displays broad zones of alteration including argilization and silicification. The observed boiling textures, anomalous Au, and pathfinder elements from reported data are characteristic of high-levels of epithermal systems. Historical mapping reports broad zones of silicification and possible sinter zones on the property with assays up to 200 ppb gold. Historical shallow drilling reported intersections up to 0.01 opt gold associated with micro breccia veinlets.

STRATEGY, TIMELINE, & BUDGET

•  Phase 1 target generation

•  Staking

•  Starting 3Q21

•  ~US$10,000 program

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MARR

 

The Marr Property is located within the Toiyabe Range in Nevada, located 60km southwest from the world-class Pipeline deposit. The 1860 acres land package consists of 93 unpatented claims. The claims are federally owned lands administered by the U.S. Bureau of Land Management (BLM). Mineralization at Marr is believed to be a low sulfidation, epithermal Au/Ag epithermal. The target area is covered, with historical drilling reporting zones of broad argillic alteration and high-level exposures of a low-sulfidation system, as characterized by chalcedony and opaline veining with sinter terraces. Anomalous Au and pathfinder elements in high-level quartz-chalcedony veins with boiling textures are common.

STRATEGY, TIMELINE, & BUDGET

•  Data compilation

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EDEN

 

The Eden Property is located on the northwestern side of the East Range in the Western Nevada Rift, along the Sleeper–Sandman trend. Eden is located 22 km southwest of the town Winnemucca within Perishing and Humboldt Counties. The 720-acre land package consists of 64 unpatented lode claims. The claims are federally owned lands administered by the U.S. Bureau of Land Management (BLM). Mineralization at Eden represents a low sulfidation, epithermal Au/Ag system. The property can be accessed by a frontage road along Interstate 80. The target is hosted in permeable Cenozoic volcanic and sedimentary rocks cut by basaltic dikes with quartz veins along through-going “plumbing structures”. A large part of the property is covered by quaternary gravels.

STRATEGY, TIMELINE, & BUDGET

•  Data compilation

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DUNE

 

The Dune Property is located on the northwestern side of the east range in western Nevada rift, along the sleeper – Sandman trend. Dune is located 13 km southwest of the Town of Winnemucca within Perishing and Humboldt Counties. The 720-acre land package consists of 36 unpatented claims. The claims are federally owned lands administered by the U.S. Bureau of Land Management (BLM). Mineralization at Dune consists of low sulfidation, epithermal Au/Ag typical of significant economic Au-Ag deposits of this region of Nevada. The property can be accessed via the Jungo Mine Road west from Winnemucca and then by unimproved road approximately 2 miles to the south. The target concept is a structurally- and stratigraphically-controlled low sulfidation gold system, hosted by permeable Cenozoic volcanic and sedimentary rocks.

 

STRATEGY, TIMELINE, & BUDGET

•  Data compilation

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