Mr. Thomas Smeenk reports
NEW DISCOVERY INCREASES UNDERSTANDING OF BROADWAY'S PORPHYRY SYSTEM
Broadway Gold Mining Ltd. has discovered a new soil geochemistry anomaly located 1.86 miles south of the Madison and Broadway mines situated on the same contact zone and in close proximity to the Silver Star fault.
GEOCHEMICAL TEST RESULTS (120 TOTAL SAMPLES)
Element Sample set Number of Lowest-grade Highest-grade
average grade samples above anomaly (g/t) anomaly (g/t)
(g/t) average
Au 0.022 24 0.0285 0.203
Ag 0.131 29 0.131 0.544
Cu 28.8 11 45.2 87.2
Mo 0.756 15 1.1 7.92
Mn 898 29 910 6,530
Pb 50 16 66 1,515
Zn 124 21 124.5 779
"Broadway's technical team has delivered on a fifth major milestone," said Phillip Mulholland, chief geologist of Broadway. "These anomalies are worthy of additional testing as they are a surface expression of porphyry-related alteration and mineralization of the Silver Star fault zone, a major regional structure extending through the Madison property and continuing 23 miles to the northwest into the prolific, porphyry-based Butte mining district."
The soil anomalies consist of coincident gold, silver, copper, molybdenum, manganese, lead and zinc. The attached table lists the number of samples that reported above the numerical average of the sample set and the low values to high values indicated by the anomalies. Laboratory duplicates, blanks and standard samples confirm that good quality control standards were followed by the laboratory and by the ground team for this group of sample results.
A total of 120 assays are reported in this soil sample set. The new assay results indicate several coincident multielement anomalies that are consistent with porphyry-based mineralization.
"Successes like these, driven by our geology team's extensive local porphyry expertise, help drive an understanding of the value of our two historical copper-gold mines that sit on top of up to four square miles of the mineralizing system," said Thomas Smeenk, chief executive officer of Broadway.
This area became of interest to the geology team due to widespread argillic-silica alteration found along the Silver Star fault zone. The area is hosted by Pennsylvanian Quadrant formation overlain by Cretaceous Elkhorn Mountains volcanic andesite tuffs and tuff breccias on the east side of the fault and Archean gneiss and amphibolite to the west.
Additional soil sampling will be completed to the north of these anomalous areas.
Qualified person
R. Tim Henneberry, PGeo, Broadway's geologist and a qualified person as defined by National Instrument 43-101, has reviewed and approved the technical information contained in this news release.
About Broadway Gold Mining Ltd.
Broadway Gold is focused on the exploration and development of the Broadway and Madison mines and the discovery of the porphyry source of their mineralization. The company owns a 100-per-cent interest in a four-square-mile property, which is in the Butte-Anaconda region of Montana, a porphyry-based mining district. The company is permitted for exploration and bulk sampling.
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