Where is silver headed?
Watching the markets this week it looks like the start of a silver rush. This is partly due to some calls on silver that were pinching some traders as well as a recent disconnect in the markets from an average variance in relationship to gold prices that had started to spread. The spread may start to narrow and as the gap closes you may see investors close in on who they like in the junior silver sector.


The compelling history plus recent work done in the area has driven Monster Mining to option over 330 claims in the area with the right to acquire100% of these claims (subject to net smelter royalty payments).
The company has demonstrated its dedication to the success of this region by assembling a management team and Board of Directors built on a foundation of strength and experience. This team will systematically explore and evaluate this project in an efficient and timely manner.

Vancouver, British Columbia. Monster Mining Corp. (the "Company") is pleased to report final results from its 2011 diamond drilling program at its flagship Keno-Lightning project located near Keno City, Yukon, adjacent to the east of Alexco Resources' operating Bellekeno silver mine. The Company completed 25 HQ3 and NQ3 diamond drill holes for 1819.3 m at its Caribou Hill and Homestake prospects. Highlights of the drilling program include Caribou Hill drill holes CH11-09 with 1.4 m of 1696 g/t Ag and 0.46 ppm Au from 15.5 m; CH 11-17 with 0.5 m of 1787 g/t Ag and 2.30 g/t Au from 22.9 m; and CH11-18 with 0.9 m of 1151 g/t Ag from 24.1 m and 1.6 m of 1183 g/t Ag from 34.7 m.
Robert Eadie, president and CEO, stated, "These highly promising drill results provide the geological team with strong prospective new targets for the next round of drilling at Keno-Lightning. Trenching results from the Homestake Zone, also reported in this release, show excellent potential as well, requiring further drilling."
Results of the Caribou Hill diamond drilling program, in conjunction with results of trench sampling and the airborne geophysical program means that Caribou Hill remains a high priority target for follow-up in 2012. The Homestake drilling program did not return any significant results; however, recoveries were generally poor at Homestake, averaging 74 % throughout the program, and significantly less in vein and fault zones. The company will be evaluating the drilling methods used in an effort to reduce significant core losses in future programs. Table 1 presents best results from the 2011 diamond drilling program.
Table 1: Highlights of 2011 Drilling Program at Caribou Hill
Hole ID | Prospect | From | To | Interval | Ag g/t | Au ppm |
---|---|---|---|---|---|---|
CH11-07 | Caribou Hill | 15.9 | 17.2 | 1.3 | 770 | |
CH11-08 | Caribou Hill | 13.4 | 14.8 | 1.4 | 493 | |
CH11-09 | Caribou Hill | 15.5 | 16.9 | 1.4 | 1696* | 0.46* |
CH11-10 | Caribou Hill | 35.21 | 35.84 | 0.63 | 447 | |
CH11-11 | Caribou Hill | 39.7 | 40.6 | 0.9 | 119 | 1.90 |
CH11-13 | Caribou Hill | 16.5 | 17.7 | 1.2 | 401 | |
CH11-15 | Caribou Hill | 13.5 | 15 | 1.5 | 116 | |
CH11-15 | Caribou Hill | 16.4 | 18.4 | 2 | 221 | |
CH11-16 | Caribou Hill | 11.4 | 13.4 | 2 | 352 | |
CH11-17 | Caribou Hill | 22.9 | 23.4 | 0.5 | 1787 | 2.30 |
CH11-18 | Caribou Hill | 24.1 | 25 | 0.9 | 1151 | |
CH11-18 | Caribou Hill | 34.7 | 36.3 | 1.6 | 1183 | |
CH11-20 | Caribou Hill | 22.5 | 23.5 | 1 | 380 |
* Weighted Average
Values in bold and italics are g/t Au.
The company has also received the last of the results of a trench sampling program conducted at Keno-Lightning during the 2011 field season. Chip and panel samples from Homestakearsenopyrite and scorodite-bearing brecciate quartz veins exposed in trench HS-TR01.
Previously reported results (press releases dated September 8th, 2011 and October 5th, 2011) include 3.3 m of 2332 g/t Ag, 1.38 g/t Au, 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 1026 g/t Ag, 0.62 ppm Au, 2.75 % Pb and 6417 ppm Zn, and 0.7 m of 982 g/t Ag, 0.57 ppm Au, 9.33 % Pb and 1.35 % Zn from Caribou Hill.
Initial results from the Homestake trenching and sampling program returned 0.7 m of 1155 g/t Ag, 0.30 g/t Au, 6.27 % Pb and 10.09 % Zn and 0.35 m of 761.4 g/t Ag, 5.72 % Pb and 1.50 % Zn from oxidized and gossanous material exposed in Trench Tr04. Table 2 presents the best results from the 2011 trench sampling program.
Sampling Method, Quality Assurance and Quality Control, Chain of Custody and Data Verification
Drilling was completed with skid-mounted drills utilizing HQ3 (61.1 mm) and NQ3 (45.0 mm) diameter core. Diamond drill core was transported at the end of each shift to core logging and processing areas located at the camp. The core was logged, and select intervals were either split using a hydraulic splitter or sawn using a diamond saw, placed with their sample tag into a labeled plastic bag, then sealed and placed into a labeled rice bag for shipment. One half of the sample was submitted for analysis, the other half remains on site.
The rice bags were delivered by Monster Mining Corp. to Acme Analytical Laboratories' Whitehorse preparation facility, where they were crushed and pulped, then sent internally to Acme's Vancouver analytical facility for analysis. Sample security was maintained by Monster Mining Corp. personnel, under the supervision of the senior project geologist, from the drill to the preparation facility in Whitehorse, at which time sample security was assumed by Acme Analytical Laboratories Inc. The remaining core is stored in racks at the Homestake prospect.
Samples were submitted to the lab with standards, blanks and field duplicates to check for quality assurance and quality control at the laboratory. Quality control samples were inserted at regular intervals in every hole, and particularly after a vein zone to detect contamination. Both the Whitehorse preparation facility and the Vancouver analytical facility are ISO9001:2008 registered (Certificate No. FM 63007).
All samples were submitted to Acme Analytical Laboratories for analysis of Ag, Al, As, Au, B, Ba, Bi, Ca, Cd, Co, Cr, Cu, Fe, Ga, Hg, K, La, Mg, Mn, Mo, Na, Ni, P, Pb, S, Sb, Sc, Se, Sr, Te, Th, Ti, Tl, V, W and Zn using an aqua-regia (1:1:1 HCl-HNO3-H2O) digest and ICP-MS (inductively coupled plasma mass spectroscopy) analysis, on a 15 g sample (analytical method 1DX2). Samples returning > 500 ppb Au or > 100 ppm Ag were re-analyzed by fire assay with an atomic absorption (AA) finish. Laboratory-inserted blanks (analytical and method), standards and duplicates (pulp and preparation) verify internal quality assurance/quality control procedures. All analyses are reported as drilled intervals and should not be interpreted as true widths.
The company's flagship Keno-Lightning project, 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.
Joanna Ettlinger, PhD, P.Geo, MAusIMM(CP) is the Qualified Person under National Instrument 43-101 who has reviewed and approved the technical information contained in this news release.
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