NI 43-101 Report Filed On The Millennium Gold Property
VANCOUVER - Stevens Gold Nevada Inc. has filed a technical report prepared in accordance with National Instrument 43-101 - Standards for Disclosure for Mineral Projects (NI 43-101) on the optioned Millennium Gold Property. The Property is located 4.8 km northeast of Lake Havasu City in western Arizona and consists of 3 sections of Arizona state lands with an area of 7.7 km2. The report, titled "NI43-101 Technical Report on the Millennium Gold Property, Mojave County, Arizona."
The Technical Report provides details of the Millennium Gold Property area and includes the geological setting of multiple occurrences of gold mineralization and a summary of historic exploration activities. Gold mineralization is exposed at surface and in drill core in the form of a low sulphidation epithermal deposit and attendant alteration within subaerially deposited volcanic rocks.
Exploration to date has focused on windows of alteration and mineralization visible through a dissected fan of alluvial gravels. Exploration of one such window by a junior company in 1997 reported assays for continuous rock chip or panel samples in an east-west direction totaling 158.5 meters in length and averaging 0.97 g/t gold and 5.71 g/t silver. An intersecting north-south panel of samples reported an interval totaling 140.2 meters in length averaging 1.12 g/t gold and 5.65 g/t silver. A higher grade 97.5 m section was defined within the north-south panel which graded 1.51 g/t gold and 8.13 g/t silver. Five of eight drill holes within this window report gold mineralization, including 33 meters averaging 0.6 g/t gold.
The Property located in west Arizona is an early stage, underexplored low sulphidation volcanic-hosted epithermal gold deposit with geological similarities in style of mineralization and alteration to other nearby epithermal deposits. The presence of these and numerous other epithermal gold deposits in the general area of the Property indicates the district is fertile exploration terrain and has good potential for additional deposits. Exploration can proceed 12 months of the year and is adjacent to readily available amenities and hydro-electric power.