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Message: 2006 Overview of Mex Properties (A MUST READ)

2006 Overview of Mex Properties (A MUST READ)

posted on Aug 25, 2009 12:16AM

For those newbies that can no longer access the MMG website's Mex Reports.

Keeping in mind that some of these properties may or may no longer be part of MMM's portfolio of Mex Properties, also note the most interesting properties mentioned in the report esp. CERRO DE ORO. Note the drill intercept of DD#17 of 331 meters of 68 g/t silver equivlant. Also ck out DD#13 with 85 mts of 89.9 g/t silver. I sure hope MMM is still evaluating this one and has a lot more juicy info on it when MMM becomes listed.

http://www.goldletterint.com/artikel/MACMILLAN_Special_May06.pdf

In April 2005, MacMillan completed the first diamond drill program at the Cerro de Oro Project. The program

consisted of 18 holes totalling 3,219 metres.

The first twelve holes were in the Maderito Target. They included 6 holes with intercepts of over 50 g/t silver

equivalent with the deepest of these intercepts terminating at only 107 metres of depth. The highlight of the

Maderito drilling was the bonanza silver grade in the DD#06 reported intercept of 5 metres with grades of

0.294 g/t gold, 1,017 g/t silver, 0.73% lead and 0.99% zinc at less than 100 metres depth within the reported

intercept of 20 metres with grades of 0.228 g/t gold, 262.3 g/t silver, 0.24% lead and 0.45% zinc.

Five of the remaining six holes were in the San Leonides Target, which is the portion of the Cerro de Oro

valley which is hidden under the cover of the overburden. The highlights of the San Leonides drilling were the

DD#13 reported intercept of 85.5 metres with grades of 0.196 g/t gold, 82.9 g/t silver, and 0.33% lead, which

included 15 metres with grades of 0.443 g/t gold, 425.4 g/t silver, 1.80% lead and 0.09% zinc, and the gold

mineralization in holes DD# 14-17 occurred from collar to bottom over the entire four holes.

The successfully completed purpose of the Maderito drilling was to add further evidence for the potential of a

near surface starter pit with grades higher than the large bulk tonnage targets elsewhere at Cerro de Oro.

The successfully completed purpose of the San Leonides Target was, to add further evidence of a large

mineralised system with the potential to host a large-scale open pit deposit. The values being reported, and

their proximity to surface combined with the excellent logistics at the Cerro de Oro provide MacMillan with

strong indications that Cerro de Oro's excellent exploration potential will continue to develop.

Another aim of the San Leonides drilling was to explore at greater depth than the previous RC holes and to

test for better grades at depth to further demonstrate the many geological similarities reported by Western

Silver at their Penesquito discovery nearby in Zacatecas.

This is also a success as indicated by the deposit hole DD#17, bottoming at 331 metres in 68 g/t silver

equivalent.

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