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Mill City Commences Exploration at Mount Hinton
Published : June 29, 2011
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CALGARY, ALBERTA--(Marketwire - June 29, 2011) - Mill City Gold Corp. (News - Market indicators)(FRANKFURT:NJ6) ("Mill City" and/or the "Company") is pleased to announce that exploration has commenced at the Mount Hinton property. Mill City has an option to acquire a 100% interest in the 400 claim property owned by Rockhaven Resources Ltd. (TSX VENTURE:RK) ("Rockhaven") covering approximately 82 square kilometers located in the Keno Hill mining district of Yukon, Canada.

A two-phase exploration program has been recommended and is being carried out by Archer, Cathro & Associates (1981) Limited. Exploration is designed to evaluate the continuity of known high-grade gold-silver vein zones and to explore for bulk tonnage gold and/or silver targets that are indicated by previously completed soil geochemical surveys.

Phase 1 will consist of 6,000 meters of excavator trenching and is budgeted at $600,000. Phase 2 will consist of 2,200 meters of reverse circulation percussion drilling and 2,000 meters of diamond drilling. The recommended percussion drilling includes 40 to 75 holes ranging between 30 and 60 meters deep. The recommended diamond drilling includes 15 to 25 holes to test down dip of the best mineralization exposed in trenches. Phase 2 is budgeted at $1,400,000.

The Mount Hinton property is directly accessible by a 10 km all-weather road from Keno City and consists of two claim blocks that total 400 mineral claims and covers 82 sq km. The Yukon's hydroelectric power grid extends to Alexco Resource Corp.'s Bellekeno silver mine, which is located 3 km north of the Mount Hinton claim block and lies along a road system that accesses the northern part of the Mount Hinton property.

The technical information in this news release has been reviewed by Robert C. Carne, M.Sc., P.Geo., President of Rockhaven Resources Ltd. and a qualified person for the purpose of National Instrument 43-101.

For additional information concerning Mill City Gold Corp. or its various exploration projects please visit the Company's website at www.millcitygold.com.

CAUTIONARY NOTE: This news release includes certain "forward-looking statements". Other than statements of historical fact, all statements included in this release, including, without limitation, statements regarding future plans and objectives of Mill City are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Factors that could cause actual results to differ materially from those expected by Mill City are those risks described herein and from time to time, in the filings made by Mill City with Canadian securities regulators. Those filings can be found on the Internet at http://www.sedar.com.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Mill City Gold Corp.
James R. Brown
President
403-640-0110
jim.brown@millcitygold.com
www.millcitygold.com
Données et statistiques pour les pays mentionnés : Canada | Tous
Cours de l'or et de l'argent pour les pays mentionnés : Canada | Tous

Mill City Gold Corp

EXPLORATEUR
CODE : MC.V
ISIN : CA5998052073
Suivi et investissement
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Mill City Gold est une société d’exploration minière d'or basée au Canada.

Mill City Gold détient divers projets d'exploration au Canada.

Ses principaux projets en exploration sont SOUTHERN STAR EAGLE, CROXALL, NORTHERN STAR EAGLE et GP2 au Canada.

Mill City Gold est cotée au Canada et aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 17,1 millions CA$ (12,7 millions US$, 11,2 millions €).

La valeur de son action a atteint son plus haut niveau récent le 05 novembre 2010 à 1,87 CA$, et son plus bas niveau récent le 25 octobre 2013 à 0,01 CA$.

Mill City Gold possède 89 939 000 actions en circulation.

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Rapports annuels de Mill City Gold Corp
2007 Annual Report
Financements de Mill City Gold Corp
18/02/2014ANNOUNCES US$40 MILLION FINANCING
07/08/2013Cancels Non-Brokered Private Placement
05/07/2013Amends Non-Brokered Private Placement
16/04/2008 Arranges $1.5 Million Private Placement Financing
Attributions d'options de Mill City Gold Corp
11/02/2011.: Grant of Incentive Stock Options
Projets de Mill City Gold Corp
13/02/2014REVISES LETTER OF INTENT TO ACQUIRE SIGNIFICANT OIL AND GAS ...
20/06/2012(Croxall)MIL CITY TO CONTINUE EXPLORATION AT CROXALL ADJACENT TO LAKE...
12/09/2011COMPLETES DRILLING AT MOUNT HINTON GOLD-SILVER PROJECT, YUKO...
02/08/2011ANNOUNCES POSITIVE RESULTS FROM TOMBSTONE GOLD PROJECT
26/07/2011ANNOUNCES DRILL PROGRAM AT MOUNT HINTON GOLD-SILVER PROJECT,...
29/06/2011COMMENCES EXPLORATION AT MOUNT HINTON
22/06/2011COMPLETES FIRST PHASE EXPLORATION AT HAM, BLACK, ROSS & HOBO...
16/06/2011COMPLETES ACQUISITION OF OPTION FROM ROCKHAVEN AND FILING OF...
13/06/2011RECEIVES FINAL EXCHANGE APPROVAL OF AGREEMENT WITH ROCKHAVEN...
10/05/2011ANNOUNCES 2011 EXPLORATION PLANS FOR ITS TOMBSTONE GOLD PROJ...
04/05/2011ANNOUNCES 2011 EXPLORATION PLANS AT MOUNT HINTON PROPERTY
01/03/2011(Croxall)Provides Croxall Property Update
06/05/2008(Pony Creek)FOCUSES ON JAMES BAY LOWLANDS, RETAINS CARRIED INTEREST AT P...
Communiqués de Presse de Mill City Gold Corp
08/09/2015FPS Pharma Inc. to Close Acquisition of Florida Pharmacy Sol...
25/08/2015Mill City Changes Name To FPS Pharma Inc. Letter Of Conditio...
25/08/2015Mill City Changes Name to FPS Pharma Inc.
04/08/2015IIROC Trading Halt - MC
06/10/2014Mill City Announces Exercising of Warrants
27/08/2014Mill City to Proceed With 2-For-1 Share Split
16/07/2014Mill City Gold Corp.: Croxall Property Work Commitment Exten...
23/06/2014Mill City Corporate Update
14/05/2014IIROC Trading Resumption - MC
13/05/2014Mill City Terminates Discussions With Vendor of Indonesian P...
13/09/2013Announces Adoption of Advance Notice Policy
07/06/2013Announces Share Consolidation
04/06/2013Announces Results of General Meeting
07/05/2013Announces General Meeting and Proposed Share Consolidation
01/10/2012.: Grant of Incentive Stock Options
16/04/2012ORATE UPDATE
14/03/2012TO FOCUS ON WEST TIMMINS GOLD DISTRICT, ONTARIO/OPTION ON MO...
04/05/2011Announces 2011 Exploration Plans at the Mount Hinton Propert...
19/04/2011. Options Six Properties in Tombstone Gold Belt From Strateg...
12/04/2011. Options Mount Hinton Property From Rockhaven Resources Ltd...
15/04/2008and Temex Identify Numerous High Priority Drill Targets
14/02/2008and TEMEX AGREEMENT RECEIVES FINAL APPROVAL AIRBORNE GEOPHYS...
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