Mill City Gold Corp

Exploration stage resource company - McFaulds Lake, On & Nevada

Free
Message: Arctic Star/WSR/Metalex anomaly 5.01 located on property adjacent to Mill City/T

Arctic Star/WSR/Metalex anomaly 5.01 located on property adjacent to Mill City/T

posted on Jun 06, 2008 06:10AM

Arctic Star/WSR/Metalex anomaly 5.01 located on property adjacent to Mill City/Temex property

CALGARY, Jun 6, 2008 (Canada NewsWire via COMTEX News Network) --

TSX VENTURE SYMBOL "MC"

MILL CITY GOLD CORP. ("Mill City" and/or the "Company) and Temex Resources Corp. ("Temex") have been advised that the recent information announced by Arctic Star Diamond Corp., WSR Gold Inc. and Metalex Ventures Ltd. (the "Joint Venture") regarding mineralization intersected while drill testing on anomaly 5.01, James Bay Lowlands, Ontario, is of interest to the Company and Temex as the drilling operations are taking place on a property that is adjacent to one of the Mill City/Temex Northern Star Eagle claim blocks. In a news release dated June 4, 2008, the Joint Venture reported that "Hole 5.01-06 on north south Section 1+50 East, a 50 meter step out from the previously reported Hole 5.01-01 (see Arctic Star/WSR/Metalex press release dated May 25, 2008), encountered, in highly altered felsic volcanics, a strong sulphide zone from 72.7 meters to 167.7 meters (95.0 meters) containing visible copper, zinc, lead and iron sulphide mineralization in semi to near massive sulphides."

Mill City is focusing its exploration efforts on its option from Temex Resources Corp. to acquire a 50% interest in approximately 16,000 ha located in the James Bay Lowlands near the Noront Ni-Cu-PGE discovery. As announced on April 15, 2008, the airborne geophysical surveys have been completed. Preliminary data has been received and initial evaluation suggests the presence of a number of high priority exploration targets similar to the one that highlights the location of the original Noront Eagle One discovery. These targets, along with a number of targets that might be caused by mineralization similar to mineralization reported by the Joint Venture are also currently being planned as drill targets in the first round of drilling slated to begin by July 2008.

Bruce Durham, P.Geo., is the designated qualified person responsible for the preparation of this news release.

ON BEHALF OF THE BOARD OF DIRECTORS

"James R. Brown"

James R. Brown

Chairman, President & CEO

The TSX Venture Exchange does not accept responsibility for the adequacy

or accuracy of this Release.

SOURCE: Mill City Gold Corp.

James R. Brown at (403) 640-0110 or visit the Company's website at www.millcitygold.com

Copyright (C) 2008 CNW Group. All rights reserved.

Share
New Message
Please login to post a reply