Broadway begins Drilling at Madison

Broadway Gold Mining Ltd announced that Kennecott Exploration Company, part of the Rio Tinto Group, has commenced with a drilling campaign at Broadway’s Madison copper-gold project located in the Butte Region of Montana.

 

The initial drilling program consists of three drill holes targeting an area displaying multi-element soil and rock chip geochemical anomalies, historic prospects, strong Induced Polarization (IP) anomalies and porphyry drill intercepts identified by Broadway’s technical team and four holes targeting skarn mineralization.

 

Broadway Gold, through its wholly owned Montana-based subsidiary, Broadway Gold Corp., the Company is focused on the exploration and development of its two mines, the Broadway and Madison mines, and the delineation of the porphyry source of their mineralization.

 

Approximately $20 million has been invested in the exploration, development and bulk sampling of the Madison mine since 2005. Whereas the Broadway mine produced 144,000 ounces of gold at an average grade of 0.32 oz/ton Au from 1880 to 1950, the Madison produced bulk samples of 13,242 tons at an average grade of 25% Cu and 0.32 oz/ton gold from 2005 to 2011.

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