VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 8, 2011) - Monster Mining Corp. (TSX VENTURE:MAN) -
THIS NEWS RELEASE IS NOT FOR DISSEMINATION IN THE UNITED STATES.
Monster Mining Corp. (the "Company") is pleased to announce results from trench sampling at its flagship Keno-Lightning property (the "Property"). Chip samples from trench CH08-01, excavated in 2008 but not previously mapped or sampled at Caribou Hill, one of the six known mineral occurrences identified on the property, returned best results of 3.3 m of 1.38 g/t Au, 2332 g/t Ag, 8.5 % Pb and 1.1 % Zn, 0.3 m of 1855 g/t Ag, 41.5 % Pb and 530 ppm Zn, 0.4 m of 0.62 ppm Au, 1026 g/t Ag, 2.75 % Pb and 6417 ppm Zn, and 0.7 m of 0.57 ppm Au, 982 g/t Ag, 9.33 % Pb and 1.35 % Zn. Further results from the Caribou Hill and Homestake trench sampling program are pending.
The Company also announces that it has commenced a surface exploration program at Keno-Lightning. The Property, which comprises 329 quartz claims for approximately 6,650 hectares, hosts eight known Yukon Minfile occurrences and is located in the historic Keno Hill silver district, which produced over 200 million ounces of silver between 1913 and 19891.
The Company has contracted Caron Diamond Drilling of Whitehorse, Yukon and Lyncorp Drilling Services of Smithers, BC, to complete a 3000 m diamond drilling program at the Faith Gulch-Caribou Hill and Homestake prospects. At Faith Gulch-Caribou Hill, the drill program is designed to target down-dip and strike extensions of known mineralization, and possible intersections of the Caribou vein, Caribou Hill fault and two un-named north-east striking longitudinal veins in an area that has returned anomalous gold and silver values in soils and a coincident high-grade grab sample that returned 4708 g/t Ag, 1.13 g/t Au, 34.1 % Pb and 5.73 % Zn. The Company intends to utilize oriented NQ3 and HQ3 drill core to improve recovery, particularly in mineralized zones, and to better constrain structural parameters. Drilling at Homestake will target the as yet untested Shaft and No. 1 veins, grab samples from which returned best results up to 3266 g/t Ag, 2.43 g/t Au, 41.8 % Pb and 9748 ppm Zn (Shaft Vein, sample No. 237601) and 4717 g/t Ag, 695 ppb Au, 26 % Pb and 8004 ppm Zn (No. 1 Vein, sample No. 54623). The program is expected to conclude in late September.
Field personnel have also commenced a program of mapping, trenching, prospecting and soil sampling at the Caribou Hill, Duncan and Homestake prospects. A 130-sample soil geochemical program conducted in July 2011 between Faith Gulch and Caribou Hill identified a 700 m x 800 m zone of coincident gold and arsenic anomalism over an area interpreted to be the intersection between the Caribou vein, Caribou fault and two north-east trending longitudinal veins. The anomalous zone is open to the east; the soil grid will be expanded during the current season to text for extensions of gold and arsenic anomalism.
Joanna Ettlinger, PhD, AusIMM(CP) is the Qualified Person under National Instrument 43-101 who has reviewed and approved the technical information contained in this news release.
1 Cathro, R.J. 2006, Great Mining Camps of Canada 1.The History and Geology of the Keno Hill Silver Camp, Yukon Territory, Geoscience Canada, v. 33, p. 103-134
ON BEHALF OF THE BOARD
Robert Eadie, President, Chief Executive Officer and Director
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contact Information:
Robert Eadie
President, Chief Executive Officer and Director
1-604-602-4935
1-604-602-4936 (FAX)
info@monstermining.com
www.monstermining.com