Mill City is pleased to report that it has signed a Letter Agreement with PT Mega Malindo ("Malindo") of
Previous work at the Property, including surface sampling and limited drilling, has discovered three types of anomalous gold mineralization as well as alluvial diamonds.
Primary gold mineralization occurs in a sequence of granodiorites, diorites, porphyry dacites, porphyry andesites, and rock intrusions in the form of stocks, plugs, dikes, and sills, and a second sequence of granodiorites, diorites, quartzes, biotite-hornblende granites, and tonalites.
Secondary gold mineralization has been discovered in a third sequence of sedimentary rocks that includes slate, carbonaceous mudstones, siltstones, sandstones, local limestone and tuffs.
Placer gold and alluvial diamonds are currently being mined by local artisanal miners on a small scale from a fifteen kilometer watershed corridor running east-west across the Property. This corridor is downslope from and parallel to a normal fault structure that hosts anomalous gold values and which has been traced on surface for over 15 kilometers and averages eight meters in width.
Subject to completion of satisfactory due diligence, the Company may choose to conduct field work programs to further identify the source of gold and diamond mineralization known to exist on the Property.
For further information please visit the Company's website at www.millcitygold.com.
ON BEHALF OF THE BOARD OF DIRECTORS
FOR FURTHER INFORMATION PLEASE CONTACT:
Mill City Gold Corp. James R. Brown403-640-0110 www.millcitygold.com Source: Mill City Gold Corp.