Millennium Silver Launches Drone Survey at Silver Peak Project
News related to:Millennium Silver Corp · 2 min read
Millennium Silver Corp. has launched a drone magnetic survey at its Silver Peak silver-gold project in Esmeralda County, Nevada. The survey, conducted by SJ Geophysics Ltd. with field support from Zonge International Inc., aims to map structures hosting historic mineralization and support target generation for upcoming drilling.
The survey covers approximately 420 line-kilometers at 50-meter and 25-meter line spacing. It is designed to provide a detailed structural map of the Nivloc and 16-to-1 mines, which were past producers in the area. The Nivloc Structure, which hosts an Inferred Mineral Resource of 2,653,000 tonnes grading 96.85 g/t silver and 0.67 g/t gold, remains open along strike and at depth. Less than 20% of the greater than 2,500-meter Nivloc structure has been tested by drilling.
Robert Drago, President and CEO of Millennium Silver, commented, "The drone mag crew is on the ground. This is the lowest-impact way to put a modern structural map under Nivloc and the untested strike beyond it, alongside the recently accepted BLM Exploration Notice and the water-infrastructure work already underway. We will use the results to more clearly focus the 2026 drill program."
The Silver Peak project, located in the historic Silver Peak mining district, is 100% owned by Millennium Silver through its U.S. subsidiary. It comprises 211 lode mining claims covering 1,697.99 hectares (4,193 acres). The property includes the past-producing Nivloc and 16-to-1 mines and more than 12 additional silver-gold vein structures. The project benefits from year-round road access and available power, water, and labor.
Historic production at the Nivloc Mine from 1937 to 1943 included 330,273 tonnes milled at a grade of 440.2 g/t silver and 1.77 g/t gold, producing approximately 4.67 million ounces of silver and 18.8 thousand ounces of gold. At the 16-to-1 Mine from 1982 to 1986, 907,185 tonnes were milled at a grade of 175 g/t silver and 1.17 g/t gold, yielding more than 5 million ounces of silver plus gold.
The Nivloc Structure hosts an Inferred Mineral Resource of 2,653,000 tonnes grading 96.85 g/t silver and 0.67 g/t gold, containing 8.26 million ounces of silver and 57 thousand ounces of gold (12.8 million ounces silver-equivalent at an 80:1 silver-to-gold ratio as reported in the 2019 NI 43-101), at a 40 g/t Ag cutoff, effective March 28, 2019. The estimate is disclosed in the Company's NI 43-101 technical report.
The drone magnetic survey is expected to be completed within about six weeks, after which maps, 3D inversions, and interpretations will be prepared. The results will guide the 2026 resource-expansion drill program, aiming to further explore the potential of the Nivloc and other structures on the property.