ONTARIO Phase 2 drilling conducted by MPH VENTURES of Vancouver at its Pidgeon molybdenum deposit near Dryden confirmed that mineralization extends well beyond the previously known deposit. Moreover, the zone is open to the northeast and the southwest. MPH says it hopes to double or triple the known indicated resource of 8.5 million tonnes grading 0.09% Mo.
Assays from the first five of 16 step out holes are complete. Results were 0.51% Mo over 6.0 metres, 0.05% over 5.0 metres, 0.04-0.12% (discontinuous) from 22.4 to 68.8 metres, 0.41% over 11.9 metres and 0.08% over 28.4 metres. Partial assays from hole No.6 were 0.20% Mo over 10.1 metres. Drilling continues.
The Pidgeon molybdenum deposit is unique because it is not considered a porphyry deposit, says MPH. Molybdenite is found in a pegmatitic phase of a large granite intrusive body. The pegmatite occurs as a continuous phase along the linear margin of the granite for a strike length of approximately 10 km. The pegmatite averages 30 metres in true thickness and has a shallow dip.
Molybdenite appears to have been emplaced late in the system and may be controlled by an extensive fracture network. Grades in any given section are highly variable; however, the average content between individual sections shows the grade has significant continuity with an average overall grade of 0.09% Mo, continued MPH. In addition to the margin of the granite, recent drilling has identified molybdenum-bearing pegmatitic phases within the granite itself as well as mineralized pegmatite splays into the granite.
More information about MPH's Pidgeon project is available at www.MPHVenturesCorp.com.
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