Montezuma Mining Company (MZM)

Shares / Stock Code

MZM

Stock Exchange / Sharemarket

Australian Securities Exchange

Montezuma Mining Company (MZM) is a Western Australia-based exploration company with projects in the Pilbara and Yilgarn provinces. The company's portfolio of projects encompasses regions prospective for gold, copper-lead-zinc, nickel and copper-gold targets. The portfolio centerpiece is the Peak Hill gold mine which has produced in excess of 900,000 oz of gold and has existing resources in excess of 200,000 oz of gold. The Company's strategic plan is to increase this to a minimum of 500,000 oz and become a producer within 3 years. Company listed on the Australian stockmarket (ASX) on 9 November, 2006.

The Company has 3,000 square kilometers of exploration tenure in Western Australia, which is prospective for gold, copper, nickel and uranium. The Company holds tenements in the Murchison, Pilbara and Yilgarn regions of Western Australia. Its primary focus is on its Murchison region projects, particularly Peak Hill, which is a million ounce gold system with an existing resource of over 200,000 ounces. The Weebo Project is within the Yilgarn Province and comprises approximately 230 square kilometers in two exploration licenses. The Company has tenements covering approximately 1056 square kilometers in seven projects in the East Pilbara region at Talga, Pilgangoora, Callawa, Barite Range and Copper Hills South. Peak Hill Metals Pty Ltd is the Company’s wholly owned subsidiary.

The Main Pit has produced in excess of 400,000 oz with remaining mineralisation in the Deeps returning in ground assays up to 878 g/t over a metre with separate composite intersections including 8m @ 124.22 g/t. These results provide strong indications of the potential for high-grade underground production from this target area.

At Jubilee, a small test pit has yielded 6,500 oz. at 4.0 g/t from an extensively mineralised zone with in ground intersections of up to 590 g/t gold over a metre and composite intersections including 5m @ 201.74 g/t and 10m @ 14.83 g/t.

At the Harmony/Baxter lease, production has yielded 221,000 ounces at 3.24 g/t from a shallow open-cut operation that mined down to approximately 100m.

At Enigma North, previously defined resources of approximately 67,000 ounces are open down plunge and at depth and will be further tested to build on the existing mineralised corridor.

In addition to these clear target areas, historically the project area has had only limited exploration outside the immediate production areas. While some areas have been drill tested, it has generally been very shallow and there are large prospective areas that have had no drilling to date.

Montezuma Mining is the 100% beneficial owner of the +million ounce Peak Hill gold province. Montezuma acquired Peak Hill from Rio Tinto. Peak Hill was last mined in 1997 and closed due to the low gold price. When the gold price rose again, the majors considered it too small to re-open.

Montezuma Mining Company (MZM) Products and Services

  • Exploration for gold and base metals targets in the East Pilbara and Leonora regions of Western Australia.

Montezuma Mining Company (MZM) Locations and Subsidiaries

Montezuma Mining Company Head Office
23 Altona Street, PERTH,
WA, AUSTRALIA, 6000
Phone: (08) 9228 4833
Fax: (08) 9328 8302

Montezuma Mining Company (MZM) Share Price

Submitted by ASX Listed Company on 13 May, 2010 - 23:19

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