Mill City and partners in Cuba and Mexico

A geophysical survey is being flown over the 2,000-sq.-km Florencia-Jobabo gold concession in Cuba in an effort to identify targets for follow-up drilling.

Partners Mill City Gold Mining (VSE) and MacDonald Mines Exploration (CDN) are earning a half interest from Cuban government-owned GeoMinera. Four anomalous areas are expected to be drill-tested this month.

Elsewhere, in Mexico’s Chihuahua state, Mill City and joint-venture partner/operator Pandora Industries (VSE) carried out trenching on the Monterde gold property. Six trenches, ranging in length from 190 to 280 ft., tested the Carmen shear zone over a strike length of 1,650 ft. at 330-ft. intervals.

Mineralization occurs in strongly fractured, brecciated volcanics associated with moderate to strong silicification. Assay results are as follows: 79 ft. of 0.036 oz. gold per ton, including 40 ft. of 0.07 oz. for trench 1; 100 ft. of 0.025 oz., including 30 ft. of 0.071 oz. for trench 2; 79 ft. of 0.02 oz., including 40 ft. of 0.033 oz. for trench 3; 50 ft. of 0.1 oz., including 30 ft. of 0.17 oz for trench 4; and 49 ft. of anomalous values for trench 5. Pandora reports no anomalous assays from trench 6, as a result of a shallow capping of younger volcanics.

Trenching also identified Shear A, a previously unknown zone which is sub-parallel to the Carmen shear and 30 to 128 ft. to the northeast. Trenches 2 and 5 returned anomalous values over widths up to 40 ft., while trench 3 returned 100 ft. of 0.013 oz. and trench 4 returned 40 ft. of 0.007 oz. Historically, the Carmen shear has provided most of the 100,000 tons of ore produced from the property. Oxidized ore averaging 0.58 oz. was mined to depths of 850 ft. over a strike length of 2,000 ft. Recent prospecting extended the zone over a strike length of 4,250 ft.

Pandora continues to trench the property; it is currently testing the shears of Los Hilos, situated 500-650 ft. northeast of the Carmen shear.