Maestro Outlines 2010 Exploration Plans
December 01 2009 - 12:15PM
Marketwired
Maestro Ventures Ltd. (TSX VENTURE: MAP) ("Maestro", or the
"Company") today announced its plans for exploration &
development on all its gold projects in Utah & Nevada.
"The board and management of Maestro are excited about our plans
for expanded exploration activities," commented Kris Kottmeier,
Maestro's CEO. "We are eager to step up our exploration on our
existing properties and on acquisitions in the Great Basin,
focusing on new and emerging mineral trends." The company has spent
the past year consolidating key projects, while assessing a number
of opportunities in emerging areas of gold exploration interest in
the Great Basin.
2010 Gold Exploration
Maestro is advancing four projects in the Great Basin,
including: 1) the advanced-stage Kings Canyon gold project located
in western Utah; 2) the Green Springs gold project located at the
intersection of the north-northwest trending Cortez Trend and the
Marysville east-west trending intrusive belt; 3) the Star Point
gold/copper project in west-central Nevada, and 4) the Gold Ore
project in western Nevada. The board is seeking financing to
advance these four key projects, while also positioning the company
for innovative acquisitions and alliances.
Both the Star Point and Gold Ore projects lie on the deep
seated, fault-controlled, northeast-trending Oreana trend, which
hosts the newly defined Willard gold resource (Rye Patch Gold),
Spring Valley gold resource (Midway Gold/Barrick JV), Rochester
silver-gold deposit (mined by Coeur d'Alene Mines), and Goldbanks
(Kinross/Desert Gold JV) to the northeast.
Maestro President Hans Rasmussen commented, "Even as we are
entertaining interest for commercial deals on our Kings Canyon and
Green Springs projects, we have outlined aggressive exploration
programs for Star Point, Gold Ore and a new area play in western
Nevada. In all cases, we have selected projects with near-term
results and they are in and around existing, new discoveries. Thus
we have confidence that once we begin exploring, we will have
success along with our neighbors."
Maestro intends to execute exploration on its projects as
follows:
Star Point Gold/Copper Project
Maestro plans an aggressive exploration campaign on Star Point
where outcropping gold-copper mineralization follows a north-south
fault zone in the upper plate Valmy Formation. Mineralization
appears in prospect pits that extend for approximately five
kilometres along the north-south fault. Assay results vary from
below detection to 5 percent copper and 5 grams per tonne gold.
Prior to drilling, the Company will conduct geophysical surveys,
which will be combined with detailed mapping and sampling conducted
in 2008. Based on the merged, interpreted data, a 5,000 foot
reverse circulation drilling program will commence in mid-2010 to
target structural intersections testing for gold mineralization
hosted in the upper and lower plate lithologies as well as possible
intrusive sources for the gold-copper mineralization.
Gold Ore Project
At Gold Ore an exploration program combining geophysics,
geochemistry and geology will commence in early 2010 and a
5,000-foot drilling program will follow. As the Company reported in
its September 29, 2008 news release, first pass rock chip sampling
has returned assay values from below detection to 8.3 grams per
tonne gold, from below detection to 336 grams per tonne silver,
from 14 parts per million (ppm) to 0.3 percent copper, 30.6 ppm to
27.2 percent lead and 12 ppm to 35.3 percent zinc. Because of the
very anomalous, multi-commodity nature of the mineralization at
Gold Ore, Maestro's management believes that a large
intrusive-related metal source should be the focus of the
exploration program, thus geophysical surveys and geochemical
sampling will be key to locating principle areas for drilling.
Financing
Maestro has commenced discussions with finance groups to raise
sufficient capital to fund its exploration plans. Any shareholder
and investors interested in participating in a future offering
should contact Kris Kottmeier, CEO at (604) 506-2502 or via email
at kris@maestroventures.com.
On behalf of the Board of Directors,
Kris Kottmeier, Chief Executive Officer
Maestro Ventures Ltd.
The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this release.
Contacts: Maestro Ventures Ltd. Benjamin H. Curry Head of
Investor Relations 1-877-689-2881 www.maestroventures.com
Maple Peak Investments (TSXV:MAP)
Historical Stock Chart
From Mar 2025 to Mar 2025
Maple Peak Investments (TSXV:MAP)
Historical Stock Chart
From Mar 2024 to Mar 2025