Metallic Ventures Gold Inc. - Home Page

Date:	07-02-2009
Time:	14:58
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Metallic Ventures Gold Inc. ("MVG") (TSX: MVG) has established itself in the mineral exploration industry with an impressive inventory of gold assets primarily within the State of Nevada. MVG controls two advanced projects, Converse and Goldfield. In addition, MVG owns a royalty on Barrick Gold Corporation's Ruby Hill Mine.

MVG owns one of the largest undeveloped resource packages in Nevada.

MVG is currently focused on advancing Converse and Goldfield through scoping and feasibility studies.

SRK Consulting (U.S.), Inc. (SRK) of Lakewood, Colorado, is conducting feasibility study and baseline environmental data collection for the Company's Goldfield Project. Phase 1 of the feasibility study consisting of a scoping level economic evaluation of the project has been completed. Phase 2 consisting of feasibility data collection is in process and will continue throughout 2009.

McClelland Labs, of Reno, is performing a comprehensive metallurgical program on Converse to clearly define the metallurgical characteristics and costs associated with the different mineralized rock types. This work is expected to be completed in the first quarter of 2009. FSS Canada, Toronto, Ontario, Canada is finishing an updated resource model incorporating 2007 drill program information as well as incorporating silver and copper assays into the model. Upon completion of the resource model, SRK will use the resource model to incorporate the metallurgical recovery data provided by McClelland Labs to complete a scoping level economic evaluation of the project. This information will be used for future Converse work program planning.

MVG's royalty on Barrick's Ruby Hill Mine should assure MVG of a steady cash flow stream from a top quality Nevada gold mine.

MVG is intentionally focused in Nevada. Nevada offers a US dollar cost base, asset security, established infrastructure, a favorable permitting environment, and a skilled mining workforce. In addition, Nevada is the largest gold producer in the US and fourth largest gold producer in the world.

MVG is well funded with excellent near term production potential at Converse and Goldfield. Management is committed to increasing shareholder value by efficiently advancing Converse and Goldfield toward production.

Click to view Project Resources Table (PDF)

Mineral Resources have been categorized in accordance with classifications defined by the Canadian Institute of Mining, Metallurgy and Petroleum ("CIM"). Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability. Measured and Indicated Mineral Resources are that part of a Mineral Resource for which quantity, grade can be estimated with a level of confidence sufficient to allow the application of technical and economic parameters to support mine planning and evaluation of the economic viability of the deposit. An Inferred Mineral Resource is that part of a Mineral Resource for which quantity and grade can be estimated on the basis of geological evidence and limited sampling and reasonably assumed, but not verified.

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May 13, 2009 : News Releases : METALLIC VENTURES GOLD INC. ANNOUNCES NEW BOARD OF... (more...)

May 07, 2009 : Financial Statements : FIRST QUARTER FINANCIAL STATEMENT 2009 (more...)

Mar 16, 2009 : Financial Statements : 2008 Annual Report (more...)

Mar 16, 2009 : News Releases : METALLIC VENTURES GOLD INC. 2008 YEAR-END REPORTS ... (more...)



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