VANCOUVER, BC–(Marketwired – March 29, 2017) – Broadway Gold Mining Ltd. (TSX VENTURE: BRD) (OTCQB: BDWYF) (FRANKFURT: BGH)
(“Broadway” or the “Company”) is pleased to announce that it has
increased the size of its 100%-owned Madison copper-gold project by
staking an additional 61 unpatented federal mineral claims covering
1,421 acres. These new claims quadruple the current footprint to a total
of 1,871 acres and are contiguous to the west and to the south of the
active exploration area (see claim map on current exploration
page of the Company’s website). The new claims protect the potential
western and southern extensions to geophysical targets announced on March 8, 2017.
staking significantly increases the project’s exploration potential for
discovery of additional near-surface copper-gold zones in areas of
known mineralization,” said Duane Parnham, Chairman of Broadway Gold
Mining Ltd. “Broadway’s technical team will immediately begin the
initial evaluation of our newly acquired claims through surface
sampling, mapping and geophysics with the objective of locating and
prioritizing targets for follow-up drilling.”
The northern section
of the newly added western claims is underlain by the Radar Creek
pluton in contact with the favorable Madison Limestone, the same rock
units that host the Madison and Broadway mines. Key chargeability
anomalies from the geophysical survey appear to trend onto this newly
acquired ground in the limestone intrusive contact area. The remainder
of the western claims are largely underlain by Archean metasediments.
Smaller plugs of Radar Creek plutonic rocks have been mapped further to
the west suggesting the Radar Creek intrusive may lie at depth.
potential is further supported by the location of the Green Campbell
Mine within the third-party patented claims in the center of this block.
Green Campbell is estimated to have produced 20,000 ounces of gold from quartz veins between the 1870s and 1940s. Broadway
has not verified the Green Campbell data and mineralization on the
Green Campbell patents is not necessarily indicative of mineralization
on the Broadway claims.
The southern claims are
underlain by the Archean metasediments, along with the Madison and
Mission Canyon limestones and the Jefferson Formation clastic sediments.
Outcropping of Radar Creek age intrusions further to the south again
suggest the intrusive rocks may lie at depth beneath the sediments.
Deeper geophysical targets from the 2017 survey appear to trend through
the original property boundary onto the newly acquired claims.
Tim Henneberry, P.Geo., a Director of Broadway and a Qualified Person
as defined by NI 43-101, has reviewed and approved the technical
information contained in this news release.
About Broadway Gold Mining Ltd.
Gold Mining Ltd. is a resource company focused on development-stage
projects with unexploited exploration potential. The company owns a 100%
interest in the Madison copper-gold project located in the
Butte-Anaconda mining region of Montana, USA. The Madison project is
permitted for exploration and contains a past-producing underground mine
that Broadway has refurbished. While actively expanding known copper
and gold zones that remain open for development in the mine’s perimeter,
the company’s exploration program has identified new anomalies across
its extensive land package that provides compelling drill targets that
are believed to be associated with large-scale porphyry mineralization.
the TSX Venture Exchange Inc. nor its regulation services provider (as
that term is defined in the policies of The TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
For more information:
Broadway Gold Mining
Primoris Group Inc.
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