Madison Minerals Inc.: Drilling Begins at Lewis Property Thursday July 26, 5:53 pm ET
Second Drill to Be Added Immediately
VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Jul 26, 2007 -- Madison Minerals Inc. (CDNX:MMR.V - News)(OTC BB:MMRSF.OB - News) is pleased to announce that Major Drilling Ltd has begun the 10,000-foot core drilling component of the US$2.5 million 2007 exploration program planned for its Lewis Property in Nevada. The Lewis Property, located immediately adjacent to Newmont Mining's operating 8-million ounce Phoenix Mine, is being explored by the Phoenix Joint Venture comprised of Madison Minerals Inc. (60%) and Great American Minerals (40%). ADVERTISEMENT
In addition to the core drilling program now underway, Eklund Drilling is mobilizing a reverse circulation drilling rig to the Lewis Property this coming weekend to begin the 25,000-foot reverse circulation component of the 2007 exploration program.
The planned drill program is a continuation of the in-fill and step-out drilling programs which to date, have successfully tested the Virgin Structural Zone along a 1,600-foot strike extent and to 600 feet down-dip. Additional drilling will also be directed at the Buena Vista Structural Zone, a sub-parallel target located 1,500-feet west of the Virgin Structural Zone.
To find out more about Madison Minerals Inc. (CDNX:MMR.V - News)(OTC BB:MMRSF.OB - News), please visit our website at www.madisonminerals.com.
On behalf of the Board of Directors of MADISON MINERALS INC.
Chet Idziszek, President
Cautionary note to U.S. Investors - This news release contains information about adjacent properties on which we have no right to explore or mine. We advise U.S. Investors that the S.E.C.'s mining guidelines strictly prohibit information of this type in documents filed with the S.E.C. U.S. investors are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on our properties.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the accuracy of this press release.
Contact: Contacts: Madison Minerals Inc. David Scott Investor Relations (604) 331-8772 or Toll Free: 1-877-529-8475 (604) 331-8773 (FAX) Email: dscott@mine-tech.com Website: http://www.madisonminerals.com
-------------------------------------------------------------------------------- Source: Madison Minerals Inc.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.