Musgrove Minerals Corp. signs drilling contract for Empire Mine Project
05.05.2011 | The Newswire
Vancouver, B.C. (via Thenewswire.ca) - Musgrove Minerals Corp. ("Musgrove_ or the "Company") (TSX.V: MGS) is pleased to announce that further to the news release dated April 12th, 2011 the drilling contract has been awarded to Drift Exploration Drilling (a subsidiary of Orbit Garant Drilling, a Canadian-based mining services company). Mobilization and commencement is expected shortly.Jack Bal, President of Musgrove, commented: "This is an exciting time for Musgrove having now secured our drill contractor, we anticipate the 32 hole Empire Mine drill program to commence shortly. Musgrove is pleased to have now established the technical team and secured the drill contractors required to carry out a successful drilling campaign. We look forward to a very active upcoming 2011 drill season on both of our Idaho gold and copper prospects, with a goal of increasing our 43-101 resource levels on the Musgrove Creek Gold projects and moving the Empire Mine property towards feasibility._
The Empire Mine Project is a polymetallic skarn deposit containing copper, zinc, gold and silver located in the Alder Creek Mining District in Custer County, Idaho. The Property is on the east-facing slope of the White Knob Mountains approximately three miles west of Mackay, Idaho. It consists of 26 patented mining claims, six mill-site claims and 21 unpatented mining claims.
Project Page: http://www.musgroveminerals.com/project_empire_mine.php
In addition the Company has granted a total of 1,200.000 incentive stock options to directors/officers/employees and and/or consultant under the Company's Stock Option Plan. The options are exercisable at $0.25 per share and will expire May 5, 2016.
About Musgrove Minerals Corp.
Musgrove Minerals Corp. www.musgroveminerals.com is a mineral-exploration resource company trading on the TSX Venture Exchange (Symbol: MGS). The Company is currently exploring four advanced exploration-stage projects; the 100% interest "Empire Mine_ Project; the 100% interest "Musgrove Creek_ Gold Project, the 100 % interest "Charay Gold Project, and the 50% interest "Vianey Mine Silver Project. The Empire Mine Project is a polymetallic skarn deposit containing copper, zinc, gold and silver located in the Alder Creek Mining District in Custer County, Idaho. The mine is located on the east-facing slope of the White Knob Mountains approximately three miles west of Mackay, Idaho. The Property consists of 26 patented mining claims, six mill-site claims and 21 unpatented mining claims. The Musgrove Project is a prospect for a disseminated gold bulk-tonnage surface project similar to the Beartrack Mine, a nearby former gold producer. The Charay property consists of concessions totalling 11,380 hectares, located in Sinaloa, Mexico. The Vianey Mine Project consists of concessions totalling 5,022 hectares in Guerrero State, south/west of Mexico City, Mexico.
BY ORDER OF THE BOARD
"Jatinder (Jack) Bal"
Jatinder (Jack) Bal President and CEO MUSGROVE MINERALS CORP. For further information on Musgrove Minerals Corp., contact Jack Bal at (604) 633-2442, toll free 1-800-667
1442, e-mail jackbal@musgroveminerals.com, or visit our website at www.musgroveminerals.com
Neither the TSX Venture Exchange 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
Copyright (c) 2011 Thenewswire.ca - All rights reserved.