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Broadway Gold (BRD: CA) starts drilling at Madison Copper-Gold Project

Broadway Gold Mining Ltd. (BRD: CA) has commenced underground drilling at its 100-per-cent-owned Madison copper-gold project in the historic Butte-Anaconda mining region of Montana.

Broadway Gold Mining Ltd. (BRD: CA) has commenced underground drilling at its 100-per-cent-owned Madison copper-gold project in the historic Butte-Anaconda mining region of Montana. This program, which is continuing at the same time as the 3,657-metre (12,000-foot) surface drilling program, has two principal aims:

  • Testing the downdip continuation of the copper and gold mineralization on the 600 level;
  • Exploring the newly discovered mineralization to the west of the decline.

The 600 level drilling will probe the copper-gold zone to depth through a fan of holes. Historic sampling of the 600 level drifts returned average gold grades of 0.429 ounce per ton with 155 truck grab samples and 13 chip or channel samples ranging from 0.010 to 2.728 ounces per ton gold. Historic sampling of the 600 level stopes returned gold grades from 0.012 to 1.924 ounces per ton, averaging 0.468 ounce per ton. The samples were a combination of truck grab samples and chip or channel samples.

Underground exploration drilling will test the newly discovered mineralization to the west of the historic workings, where the company just announced an increase in surface drilling footage from 1,371 metres (4,500 feet) to 3,657 metres (12,000 feet). The company’s technical team recommended the increase because of alteration and mineralization observed in the first eight surface drill holes.

Broadway cautions investors the increase in surface drill footage is based solely on visual mineralization observations that have not yet been corroborated by assaying.

“We are excited to be moving forward with underground work at Madison. The project is situated in a prolific copper-gold mining region and we believe Madison has extensive exploration potential,” said Duane Parnham, chairman of Broadway Gold Mining. “The Broadway team is being as aggressive as possible with our exploration program so that we can determine the potential of the initial targets we have identified.”

Groundhog Mining of Dillon, Mont., is the contractor performing the underground drilling program. All samples from the underground drilling will be shipped to the ALS Minerals Laboratory in North Vancouver, B.C., an ISO/IEC 17025:2005-certified facility. Broadway will utilize a program of third party standards and blanks inserted at regular intervals through the sample stream as its quality assurance/quality control program.

Qualified person

R. Tim Henneberry, PGeo, a director of Broadway and a qualified person as defined by National Instrument 43-101, has reviewed and approved the technical information contained in this news release.

About Broadway Gold Mining Ltd.

Broadway Gold Mining is a mineral exploration and development company that owns a 100-per-cent interest in the Madison copper-gold project located in the famous Butte-Anaconda mining region, Montana, United States. The Madison copper-gold project is permitted for exploration and contains a past-producing underground mine that Broadway is in the process of refurbishing with potential to expand known copper and gold zones that remain open for development.

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