- Multi-Metal Development (MLY) has discovered several surface exposures of zinc-lead mineralization at its Bleiberg Property in Austria
- Out of a total of 162 outcrop locations studied, 28 contained visible zinc-lead mineralization
- The Bleiberg property consists of 116 exploration licences totalling 6,582.4 hectares
- Multi-Metal Development Ltd. is an exploration and development company with mineral rights interests in the United States of America and Austria
- Multi-Metal Development Corporation was unchanged at C$0.025 as at 1:35 PM ET
Multi-Metal Development (MLY) has discovered several surface exposures of zinc-lead mineralization at its Bleiberg Property in Austria.
The new mineralization is exposed between 4 and 12 km beyond the end of the existing underground workings.
The survey included a series of traverses covering the area of the strike extension of the mineralization. A portable x-ray spectrometer (Bruker S1 Titan) was used to analyze mineralization identified.
Out of a total of 162 outcrop locations studied, 28 contained visible zinc-lead mineralization.
Six readings were taken at each mineralized location and averaged to indicate the possible grade. Results range from 0.41 per cent to 8.24 per cent zinc and 0.34 per cent to 41.48 per cent Pb.
The Bleiberg property consists of 116 exploration licences totalling 6,582.4 hectares covering the western 8 kilometres of a historically defined mineralized zone, 130 kilometres southeast of Salzburg, Austria.
It is a very well-known 700-year-old mine site with extensive data, numerous scientific publications, and over 1,150 km of underground workings with numerous shafts. The mine site covers a total strike length of over 20 km of which the first 12 kilometres have been mined historically.
“The discovery of surface mineralization along strike from the historical defined zones extends the strike length for exploration from 8km to 20km,” said Shaun Dykes, President and CEO.
“With the recent increase in demand and prices for the metals contained in Bleiberg and the positive future for green energy minerals such as Germanium, Bleiberg is a tremendous opportunity to add significant value,” he added.
Multi-Metal Development Ltd. is an exploration and development company with mineral rights interests in the United States of America and Austria.
Multi-Metal Development Corporation was unchanged at C$0.025 as at 1:35 PM ET.