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Gold/Mining/Energy : Precious and Base Metal Investing

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To: jrhana who wrote (26616)1/9/2004 11:39:32 AM
From: VAUGHN   of 39344
 
Hello jrhana

Happy New Year to you.

This off the wire may be of interest:

Mill City International Corporation - Additional Mineral Claims Added at Toy Property, Nevada
Friday January 9, 10:29 am ET

CALGARY, Jan. 9 /CNW/ - Mill City International Corporation ("Mill City") (MC-TSX Venture) is pleased to announce that 55 mineral claims have been added to its Toy property in Nevada. The property is now comprised of 207 mineral claims covering 6.5 square miles (approx. 1730 hectares).
Toy is located in the Battle Mountain/Eureka Gold Trend near Cortez and the Cortez Joint Venture operated by Placer Dome. The property is centered on a major north-northwest trending structural zone which hosts Placer Dome's Toiyabe deposit about one mile north of the property. The Toiyabe structural zone is part of a set of north-northwest trending structures in the area which hosts several major gold deposits. The largest deposit to date is Pipeline located along the northern projection of this zone and hosts in excess of 15 million ounces of gold. The Cortez deposit (about 1 million ounces of gold), the Pediment deposit (about 2 million ounces of gold), and the newly discovered Cortez Hills deposit with an announced resource in excess of 5.5 million ounces of gold, are located along a 3 mile length of a parallel structure east of Toy. All of the deposits in the area are hosted in lower plate carbonate rocks, are along major structures and structural intersections, and are associated with intrusives.

All of the ingredients necessary for a world class deposit are present at Toy. Altered and mineralized lower plate carbonate rocks are exposed east of the Toiyabe structure as well as altered intrusives cutting both upper and lower plate stratigraphy. The structure itself is covered by alluvium and Mill City is in the process of designing a drill program with the help of detailed mapping and geophysics along about 3 miles of the structure.

Drilling will begin in the upcoming field season.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this Release.


Regards

Vaughn
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