The Quarter was highlighted by the receipt of interpreted results from its 277 line kilometre “VTEM Plus” helicopter geophysical survey conducted by Geotech Inc. over a major portion of the Peck Mining District in Yavapai County, near Crown King, Arizona. The Peck District is famous for its historic 2-3% copper and high-grade silver production in the late 19th, early 20th Centuries. Here, the Black Warrior Mine Complex, under option to the Company, assayed stope face samples ranging from 0.11 to 1.1 ounces per ton of gold and 49.3 to 237.4 ounces of silver per ton (see press release of July 7, 2011) and significant amounts of zinc, lead and antimony.
As a result of the airborne survey, a number of strong conductive EM anomalies were identified, thought to be indicative of potential metallic deposits, ranging from 200 to 1,100 metres in length. Five of the most significant anomalies not already on properties controlled by the Company have subsequently been acquired.
The most prominent of the anomalies acquired by the Company is a nearly 1,000 metre long conductor broken into 3 distinct parts, at an indicated depth of approximately 350 metres with a 60 metre overlaying oxide. Applications for permits for road improvement, line-cutting for ground geophysics and 2 drill locations on this anomaly have been made to the Forest Service of the U.S. Department of the Interior. Upon receipt of the permits, road repair and ground geophysics will be initiated, followed by a series of “fan” drill holes at each location.
The Company also announced that it has acquired an option on 5 Federal patented mining claims containing the historic Peck and Oriental silver mines, also located in the Peck Mining District. The Peck Mine was a significant silver producer in the late 1890’s and again in the 1920’s. Mineral Creek has also acquired an additional 12 U.S. Bureau of Land Management (“BLM”) mining claims adjoining the Peck Mine Complex.
Mineral Creek now controls a total of 22 Federal patents and 60 mining claims at Crown King totaling approximately 1,700 acres and containing 10 historic gold and silver mines in the Peck, Pine Grove and Tiger Mining Districts.
Read the press release here.