MILL BAY VENTURES INC by shuifanglj

VIEWS: 7 PAGES: 2

									www.millbayventures.com
                                                                                   MILL BAY VENTURES INC.
MBV - TSX Venture
MLBVF.PK - US Pink Sheets
                                                                                   Diverse Resource Base. Focus on Joint Venture Operations.
M4K - Frankfurt

                                                                                   CANADA: Opportunities in Precious Metals and Coal
                                                                                   Valentine Mountain, Vancouver Island
          COAL PROJECT
                                                                                   The Valentine Mountain claims, located 40 miles west of Victoria on southern
              Saskatchewan                                                         Vancouver Island, cover approximately 7,084 acres (2,867 hectares) along a trend

                                                                            an
                       Coal                   British

                                                                            chew
                                                                                   estimated at 7km long and 500m wide. The property hosts an inferred mineral
  VALENTINE MOUNTAIN
                                                                      Saskat
                                              Columbia      Alberta
           British Columbia                                                        resource, known as the Discovery Zone, with an estimated 55,105 tonnes
                       Gold
                 BRX CLAIMS
                                                                                   grading 16.3 grams (0.52 ounces) of gold per tonne (NI 43-101 compliant). The
             British Columbia
                         Gold                                                      claims also host one gold quartz vein developed prospect, known as the Braiteach
     GOLDEN REPEAT CLAIMS
       Elko County, Nevada
                                                                                   zone, and at least six additional gold quartz vein occurrences. The exploration target
                                                        Nevada
                      Gold                                                         model for the property is the Bralorne Gold Mine of south-
                  AC CLAIMS                                                        central British Columbia, with past production of 7.3




                                                                                                                                                                                            BR
           Elko County, Nevada




                                                                                                                                                                                               IT
                          Gold




                                                                                                                                                                                                  IS
                                                                                   million tonnes averaging 18 grams of gold per tonne. This




                                                                                                                                                                                                    H
                                                                                                                                                                              St




                                                                                                                                                                                                     CO
                                                                                                                                                                               ra
       JDN, E&E, DH CLAIMS                                                                                                                                  BRITISH




                                                                                                                                                                                                         LU
                                                                                                                                                                                   ig
                                                                                   historic operation yielded 129 million grams, or 4.2 million




                                                                                                                                                                                                            M
                                                                                                                                                                                    h
         Lander County, Nevada                                                                                                                                COLUMBIA




                                                                                                                                                                                        t




                                                                                                                                                                                                             BI
                          Gold




                                                                                                                                                                                        o




                                                                                                                                                                                                               A
                                                                                                                                                                               1




                                                                                                                                                                                            f
                                                                                                                                                                                            G
                                                                                   ounces of gold over its long mine life.




                                                                                                                                                                                                e
                                                                                                                                                              Valentine




                                                                                                                                                                                                o
         IVANPAH PROPERTY




                                                                                                                                                                                                    rg
          Clark County, Nevada                                                                                                                                Mountain




                                                                                                                                                                                                     ia
                 Sand & Gravel

                                                                                   Based on a March 10, 2008 technical report Jacques Houle,                                                    Victoria
                                                                                                                                                                                   14
               Primary Projects
               Secondary Projects
                                                                                   P.Eng., Mill Bay is conducting a multi-faceted, C$5.2 million                      Sooke


                                                                                   exploration program to include mapping, sampling,
                                                                                   trenching, diamond drilling and drifting. Drilling in                                  WASHINGTON


                                                                                   late 2010 produced the following results:                                                                              0        60 Mi

                                                                                                                                                                                                          0         100 Km
                                                                                   Hole #        From           To       Interval      Gold             BRIT IS H
                                                                                                  (m)          (m)         (m)         (g/t)
                                                                                   V10DDH-1      86.56        88.39        1.83        1.75
                                                                                   V10DDH-3      99.18       100.83        1.65        4.27             COL UMBIA

                                                                                   V10DDH-4      89.61       91.74         2.13        3.72
                                                                                                                                                                    BRX
                                                                                   V10DDH-6      46.97       47.43         0.46        1.39
                                                                                   V10DDH-7      26.21       26.82         0.61        2.68
                                                                                   V10DDH-8      40.54        41.91        1.37        13.05

                                                                                   Soil and rock chip sampling in 2011 have uncovered a new anomaly approximately 4
                                                                                   km from the original discovery zone. Drilling of this anomaly has been proposed for
Spectacular gold in quartz specimen from Valentine
Mountain’s Discovery Zone                                                          summer 2011.

                                                                                   The Valentine Mountain area was first mined in the 1860s, when placer gold was
                                                                                   discovered in its numerous stream drainages. According to historical accounts, nuggets
                                                                                   up to 1 ounce and a total production of 10,000-20,000 ounces of gold may have been
                                                                                   sluiced from gravel/bedrock contacts along gravel bars of the Leech River.

                                                                                   Saskatchewan Coal Project
                                                                                   In July 2009, Mill Bay received approval for 41,024 hectares (101,372 acres) of coal
                 Bow River
                                                                                   dispositions (dated July 7, 2008) at Wapawekka Lake in central Saskatchewan. The ground
                  Coalfield
                                                                                   adjoins two historical coal intercepts. In a 1961 report written for the Department of
                                      Wapawekka
                                       Coalfield
                     GoldSource                                                    Mineral Resource Mine Branch Geology Division, W. D. Pearson identified the locations
                      Discovery

                        16
                                      Border Prop.                                 of two coal intercepts of 30 feet and 14 feet. Mill Bay management is now reviewing
                                      Goldsource
                                                                                   proposals to begin evaluation and exploration of the property.
                    S AS K ATCHEWAN


                                                                                   BRX Claims, near Bralorne Gold Mine
                                  1




                                                                                   The BRX claims are located near the historic Bralorne gold mine. Mill Bay and joint
        Mill Bay’s Saskatchewan coal                                               venture partner Levon Resources have completed trenching and drilling on the
        property lies in a region of                                               property. As development continues, ore from the BRX could be shipped for custom
        major coal discoveries
                                                                                   milling at the Bralorne mine.

                                                                                   Mill Bay Ventures is exploring and joint-venturing a number of
                                                                                   resource projects in Canada and Nevada.
NEVADA, USA: Four Strategically-located                                       The Golden Repeat claims host two distinct targets
Gold Projects                                                                 and many geological characteristics similar to the
Golden Repeat Claims, Carlin Gold Trend                                       well-known Midas Gold District.
The Golden Repeat claims host many geological similarities to the
                                                                                       MILL BAY’S GOLD PROJECTS IN NORTHERN NEVADA
well-known Midas Gold District. Three major sediment-hosted
gold mines (Getchell, Pinson and Twin Creeks lie within 10-15                                                GOLDEN REPEAT CLAIMS
                                                                                                               (Mill Bay Ventures)                                                         J
miles of the Golden Repeat claims. Two distinct targets exist on
the property. One is a volcanic-hosted, epithermal, bonanza-type       Reno                            Twin Creeks
                                                                                                            (Newmont)                                 Ken Snyder
gold-silver bearing quartz system similar to the Ken Snyder                    N E VA D A
                                                                                                                                          MIDAS
                                                                                                        Getchell                                      (Newmont)
deposit (Franco-Nevada’s 6-million-ounce gold resource). The                                                (Barrick)
                                                                                     Las Vegas

other is a sediment-hosted, gold-mineralized structure beneath                                              Pinson                                                  Goldstrike
                                                                                                            (Barrick)                                               Meikle, Post-Betze
the tertiary volcanic cover.                                                                                                                                        (Newmont)

                                                                                                 80
In December 2010, Mill Bay executed a Letter of Intent with
                                                                                                 GOLCONDA                                                      Carlin
Golden Dynasty Gold Corp. whereby Golden Dynasty can earn up                                                                                                (Newmont)

to a 70% interest in the Golden Repeat Claims over 5 years by                                               Lonetree                                      Gold Quarry
                                                                                                                                                                (Newmont)
                                                                                                            (Newmont)
paying Mill Bay $2.475M, issuing 2.5M shares and spending $1.5M
in exploration on the property. Mill Bay would retain a 3% NSR.                                                         BATTLE MOUNTAIN
                                                                                                                                                                                  CARLIN
                                                                                                                                                                         80
                                                                                                                                                       BEOWAWE
                                                                                                      Battle Mountain
E & E and DH Claims, Cortez Gold Trend                                                                          (Newmont)
                                                                                                                                                        E & E & DH CLAIMS
Located approximately 15 miles northeast of the Barrick Pipeline                                       McCoy/Cove                                       (Mill Bay Ventures)
                                                                                                                (Kinross)
mine (11 million ounces), and on the Cortez gold trend, the E &
E and DH claims exhibit strong exploration potential. Drilling by
                                                                                                 AC CLAIMS
previous operators hit lower plate carbonates with low                                                                                                    Cortez/Pipeline
                                                                                         (Mill Bay Ventures)                                              (Barrick/Kennecott)
concentrations of gold over substantial thicknesses.                                                                               JDN CLAIMS
                                                                                                                            (Mill Bay Ventures)

JDN Claims, Battle Mountain Gold Trend
Located about 10 miles northwest of the Pipeline mine, the JDN
claims lie adjacent to the former Hilltop gold mine. The claims are
considered highly prospective for gold-bearing structures similar to
those at Pipeline and other gold properties in the area. JDN
operates as a 50/50 joint venture with Coral Gold Resources.

AC Gold Property, Lander County
Gravity, geochem and biochem surveys have been completed on
the property, along with mapping and chip sampling. Drill sites
have been located and drilling is planned for 2009. Mill Bay has
                                                                               Drilling on Mill Bay’s E&E Claims, Lander County, Nevada.
re-negotiatied the option agreement on the property by
reducing the payments from US$1,500,000 to US$1,300,000 and
removing the 3% net smelter returns royalty in consideration                  In addition, the Advance Minimum Royalty Payments Schedule has
for the issuance to the optionor of a total of 1,500,000 common               been amended and the Company is required to pay the Optionor
shares of the Company. Any work on the property is at the sole                $15,000 per year for three years starting July 12, 2010 and increas-
discretion of the Company.                                                    ing by $5,000 per year for the next 5 years.




Website:                                          Contact:                                                              Share Data (as of Oct 31, 2010):
www.millbayventures.com                           Darryl Glasier, Investor Relations                                    Recent Price . . . . . . . . . . . . . . . . . C$0.16
                                                  T (250) 709-1576                                                      Shares Outstanding . . . . . . . . 12,186,500

                                                  Mill Bay Ventures Inc.                                                Exchange Listings:
                                                  Suite 900, 570 Granville Street                                       TSX Venture. . . . . . . . . . . . . . . . . . . MBV
                                                  Vancouver, BC V6C 3P1                                                 U.S. OTC . . . . . . . . . . . . . . . . . MLBVF.PK
                                                  (604) 682-3701                                                        Frankfurt . . . . . . . . . . . . . . . . . . . . . M4K

								
To top