M3 Metals Has a New Acquisition in Arizona

M3 Metals has acquired the Mohave Mine Gold Project in Arizona

M3 Metals is a public listed company, focused on the exploration and development of its North American metallic mineral projects. The company is currently advancing their Mohave Mine Gold Project in Arizona.

The Mohave Project

The Mohave project covers over five square miles of strongly altered rocks and virtually all of a historic gold district. In detail, it is estimated to have produced about 100,000 tons at a grade of between 0.33 and 0.5 oz Au/ton. Furthermore, the project comprises of 148 unpatented lode claims and 13 mill sites in a mining-friendly environment on land administered by the Bureau of Land Management (BLM). There have been more than 550 drill holes totaling more than 68,000 feet drilled on the project. Indeed, this drilling has developed a historic Reserve of 56,000 oz/Au and a historic Resource of 40,000 oz Au for total of 96,000 ounces of gold.

"One of the more exciting areas, is the southern half. It has several historic past producing mines that have never seen any modern exploration. Surrounding those mines is about a two by two kilometer soil anomaly and it's never been drilled tested. For me as a geologist, it's very exciting", says President, Adrian Smith.

Moreover, all of the historic drilling has been done in the northern one-fourth of the property. The majority of these holes were shallow, 100 feet-deep, air-track holes, and many stopped in ore-grade mineralization. Most of the work was done in the 1980s and 1990s. It was directed toward putting the known gold reserve/resource in the northern part of the property into production rather than exploring the potential for a much larger, 1 M oz Au, deposit.

"As a public company coming into this project. We know that we need to expand on that resource. We see that there's huge upside potential that we can go in and prove up a massive resource prior to going into production", says Smith.

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