- Mayo Lake Minerals Inc. (MLKM) will start its early summer exploration with prospecting and soil sampling on its Trail-Minto Gold Property
- A definitive 1,470 metre diamond drill program will begin this week at its Carlin-Roop Silver Project
- Mayo Lake Minerals’ properties cover 232 square kilometres in the Yukon’s Mayo Mining District
- Mayo Lake Minerals Inc. (MLKM) opened trading at C$0.075 a share
Mayo Lake Minerals (MLKM) will begin its summer exploration program with prospecting and soil sampling on its Trail-Minto Gold Property.
This will be followed by a 1,470-metre diamond drill program to begin this week at its Carlin-Roop Silver Project.
At the Anderson-Davidson Gold Property, prospecting, geochemical soil sampling, and geophysics will define and refine drill targets for gold in and adjacent to the Anderson Gold Trend, while work is also slated for the company’s Trail-Minto Gold, Edmonton, and Cascade properties. Two scout holes were drilled in October 2021 from a common drill pad to the northeast of a strong linear Ag anomaly trending to the west-northwest.
Diamond drilling has been contracted to Platinum Diamond Drilling Inc. At the same time, geological services will be taken care of by Big River Mineral Exploration Inc., 100 per cent owned by the Na-Cho Nyäk Dun Development Corporation, Bureau Veritas Commodities Canada Ltd. will provide soil and rock analysis and logistical support will come from Capital Helicopters Inc.
Dr. Vern Rampton, President and CEO of Mayo Lake Minerals called the diamond drilling in the Carlin West area the most exciting part of the company’s 2022 exploration program.
“Over the years, we have completed a high resolution magnetic airborne survey, detailed soil sampling and prospecting, and scout drilling at Carlin West that has allowed us to interpret the control that structures and lithologies have on the placement of Keno Hill Style high-grade silver mineralization there. High grade float located along linears with coincidental highly anomalous silver trending in soil contents parallel to bedrock faulting and jointing structures control the silver mineralization. This provides us with some very well-defined drill targets. Scout drilling in 2020 and 2021 were unable to test these targets because of severe weather that prematurely terminated the program. The primary target, upper Keno Hill Quartzite was not cut by the scout drilling. However, the drilling did evidence low grade silver mineralization in the greenstone and underlying Keno Hill Quartzite in areas flanking the primary targets as one would expect.”
Actively engaged in the exploration and development of five precious metal projects in the Tombstone Plutonic Belt of the Tintina Gold Province, Mayo Lake Minerals’ properties cover 232 square kilometres in the Yukon’s Mayo Mining District and lie within the traditional territory of the Na-Cho Nyäk Dun First Nation.
Mayo Lake Minerals Inc. (MLKM) opened trading at C$0.075 a share.
