Twitter Facebook LinkedIn YouTube

New Listing: Myriad Metals Corp. (CSE:MMC)

Video Platform Video Management Video Solutions Video Player

The company is a Vancouver-based mineral exploration company currently focused on the exploration of its Millen Mountain Property located in Nova Scotia, Canada.

Additional Information:

Company: Myriad Metals Corp.
Stock Symbol: CSE: MMC
Date Published: Nov 5, 2019
Transcript: Available

Video Transcript:

I’m Megan Edwards for Investmentpitch Media

Myriad Metals Corp. is one of the latest new listings on the Canadian Securities Exchange, trading under the symbol “MMC”.

The company is a Vancouver-based mineral exploration company currently focused on the exploration of its Millen Mountain Property located in Nova Scotia, Canada.

The Millen Mountain Property is located approximately 65 kilometres northeast of Halifax and 20
kilometres east of Stewiacke, Nova Scotia.

The property consists of 80 contiguous claims, which are easily accessed via paved secondary roads and four-wheel drive trails.

There has been substantial exploration activity in the area over the past 5 - 10 years for gold, lead, zinc and a range of industrial minerals.

In the late 1800’s into the mid 1900’s the area was a very active mining centre with over a dozen small gold mines operating within a 50 kilometer radius.

In the 1980’s, aeromagnetic surveys were flown over portions of Nova Scotia by the federal government.

Data from those surveys were reprocessed in 2006 which provided valuable information to further mineral exploration at Millen Mountain.

Probe Metals Inc. was granted the right to earn an initial 50% interest in the property by incurring $250,000 in expenditures on the property.

Between July 16th and August 13th, 2018, Probe drilled six NQ holes totaling 1551 meters.

Diamond drill hole MM-18-04 intersected an interpreted saddle reef quartz vein system comprised of a 7 meter-wide (not true width) quartz vein with massive arsenopyrite and minor pyrite.

A second, shallower hole was drilled to follow up on this intersection and DDH MM-18-05 was successful in intersecting the extension of the saddle reef vein over 5 meters of drill core.

Probe incurred approximately $319,000 in exploration expenditures on the property in 2017 and 2018
and has successfully exercised this 50% option and will be the operator under the joint venture for so long as it holds at least a 50% interest in the property.

The 2018 drill campaign tested five anomalies, leaving a number of un-tested geophysical targets across the entire length of the survey area with chargeability anomalies open along strike both eastward and westward.

A Technical Report filed in June 2019, recommends follow up drilling to investigate untested geophysical anomalies, with a program similar in scope to that executed in 2018, consisting of 5 holes totalling approximately 1250 meters.

The shares are trading at $0.15.

For more information please contact Peter Smith, CEO, at 778-999-7030.

I’m Megan Edwards for Investmentpitch Media