Wednesday, December 21, 2011 10:33:10 PM
Duke Mountain Resources, Inc. (PINKSHEETS: DKMR) is pleased to announce the acquisition of a gold project in Pershing County, Nevada. "The Tonya Property" hosts many characteristics of pathfinder elements including arsenic, antimony and mercury in the Triassic age sediments of the Grass Valley and Natchez Pass formations. The property exhibits many similarities with the nearby Florida Canyon and Standard open pit, heap leach mines with cumulative production in excess of 2 million ounces of gold.
The Tonya Property is located near the historic site of Mill City, approximately 40 miles northeast of Lovelock and 40 miles southeast of Winnemucca along US Interstate 80. It lies approximately 13 miles northeast of the Florida Canyon Mine, 16 miles northeast of the Standard Mine and 25 miles north of the Midway Gold Corp's Spring Valley Discovery. The property consists of 17 unpatented lode-mining claims, the Tonya #521 through and inclusive of Tonya #538, which cover approximately 340 acres. The mineral rights are appropriated under US mining laws. The lands in the area of the property are split estate lands.
There are no mine workings or production history for the property. The Tonya claims were likely discovered during the late 1940s when the nearby Standard Mine was being developed and put into production. There was some exploration during the 1990s. Billiton Minerals conducted two phases of exploration drilling in 1990 and 1991, completing 20 RC holes with a cumulative drilled footage of 5,985 feet. Echo Bay Exploration subsequently followed up with exploration drilling in 1992 and 1993 completing 8 RC drill holes with combined footage of 3,530 feet. A total of 9,515 feet of RC style drilling has been completed on the Tonya property.
Our plan is to evaluate previous data and drill results and formulate a methodical exploration work program to conduct mapping, rock chip sampling, soil grid, geophysics and eventually a targeted drill program. We look forward to initiating a viable exploration strategy on the Tony Property through the expertise of our management and technical team.
http://ih.advfn.com/p.php?pid=nmona&article=50506907
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