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Mill Bay arranges $500,000 private placement
Thursday July 29 2010 - News Release
Mr. William Glasier reports0
MILL BAY VENTURES ANNOUNCES PRIVATE PLACEMENT
Mill Bay Ventures Inc. will raise up to $500,000 by way of non-brokered private placement (the "Offering"). The Company will place up to 1,666,666 Units at a price of $0.30 per Unit. Each Unit will consist of one common share and one non-transferable common share
purchase warrant, with each warrant exercisable at a price of $0.40 for a period of six months following the close of the Offering.
Proceeds arising from the sale of the Units will be used for exploration expenditures on its Valentine Mountain property and for general working capital purposes. The Company may pay finders' fees to arms' length parties in accordance with regulatory policy. The
Offering is subject to TSX Venture exchange approval.
Mill Bay options Valentine Mountain to NT Mining
Mill Bay Ventures Inc (2) (C:MBV)
Shares Issued 6,605,025
Last Close 6/14/2010 $0.025
Thursday June 17 2010 - News Release
Mr. Darryl Glasier reports
MILL BAY VENTURES EXECUTES LETTER OF INTENT TO OPTION VALENTINE MOUNTAIN PROPERTY
Mill Bay Ventures Inc. has executed a letter of intent with NT Mining Corp. (NTMG) to enter into an option agreement on its 100-per-cent-owned Valentine Mountain property, located on Vancouver Island in British Columbia.
Under the terms of the Option, NTMG will pay the Company a total of US$725,000 and issue an aggregate 6,500,000 of its common stock in the following stages:
US$100,000 and 5,000,000 common shares upon execution of a formal Option Agreement; US$250,000 and 1,500,000 common shares on the first anniversary date of the Option Agreement; and US$125,000 on each of the second, third and fourth anniversary dates of the
Option Agreement, which will be deposits against future net smelter returns of 5%.
In addition, NTMG will agree to incur a total of $1,500,000 of exploration expenditures over a three year period as follows: a minimum of US$250,000 in the first year of the Option, a minimum of US$500,000 in the second year of the Option and US$750,000 in the
third year of the Option.
NTMG will also maintain the claims in good standing while the Option is in effect. If NTMG is able to place the property in production, the Option will be replaced by a production agreement.
Mill Bay Ventures plans 1:10 rollback
Mill Bay Ventures Inc (C:MBV)
Shares Issued 66,050,254
Last Close 3/24/2010 $0.055
Tuesday April 20 2010 - News Release
Mr. William Glasier reports
MILL BAY VENTURES PROPOSES SHARE CONSOLIDATION
Mill Bay Ventures Inc., at a special meeting of shareholders scheduled for May 14, 2010, will ask shareholders to consider an ordinary resolution to approve a consolidation of the company's common shares on a basis of one postconsolidation share for up to every
10 preconsolidation shares or such lesser whole number of preconsolidation shares as the directors may determine. If the resolution is approved by a simple majority of shareholders voting at the meeting, the directors will have the sole discretion to select the final consolidation
ratio and to implement the consolidation, subject to the approval of the TSX Venture Exchange.
The company currently has 66,050,254 issued and outstanding common shares. In the event that the consolidation is conducted on a 1:10 basis, the company would have approximately 6,605,025 shares outstanding following the consolidation. However, the exact number
of postconsolidation shares will vary depending upon the treatment of fractions which will occur when each shareholder's holdings are consolidated. In the event the consolidation would otherwise result in the issuance of a fractional share, no fractional share will be issued and
such fraction will be rounded down tot he nearest whole number. Outstanding stock options and warrants will be adjusted to the consolidation ratio. A vote of 51 per cent of those present in person or by proxy at the meeting is required to approve the resolution.
Management of the company believes that further equity financing is required in order for the company to finance its operating and working capital requirements, and future business expansion programs. It is management's opinion that the company's existing issued
and outstanding share capital is not conducive to completing such additional equity financing, and that the consolidation is required in order to facilitate attracting new equity investment in the company. The company will not be changing its name or its trading symbol in conjunction
with the consolidation. Details of the consolidation are contained in the company's information circular to be mailed to the company's shareholders on April 20, 2010, and filed on SEDAR.
Monday April 05 2010 - SEDAR MD & A
This filing is available at:
http://www.stockwatch.com/nocomp/newsit/
Mill Bay drills 1.5 metres of 0.83 g/t Au at Valentine
Thursday February 11 2010 - News Release
Mr. William Glasier reports
MILL BAY VENTURES INC. COMPLETES 545 METRES CORE DRILLING ON VALENTINE MOUNTAIN LOG DAM AND DISCOVERY NORTH GOLD ZONES
Mill Bay Ventures Inc. has provided results for diamond drilling carried out on their 100% owned Valentine Mountain Au project in December, 2009. The drilling program consisted of 5 drill holes ranging from 160-527 feet (48.77-160.63 meters) in depth. A total
of 138 core samples (which ranged from 1-10 ft or 0.305-3.048 m interval length) were split and geochemical analysis of the split core sample were done at Pioneer Labs Inc., Richmond, BC (Geochemical Analysis Certificate 2092531). Values greater than 0.5 g/t Au are listed from
drill holes 2, 3 and 5 as follows:
LOG DAM-V09DDH-2: interval 16.7-18.3 m (length 1.5 m) 0.52 grams/tonne Au (interval 55-60 ft, length 5 ft, 0.015 troy ounces/short ton Au)
LOG DAM-V09DDH-3: interval 88.4-89.9 m (length 1.5 m) 0.83 grams/tonne Au (interval 290-295 ft, length 5 ft, 0.024 troy ounces/short ton Au)
DISCOVERY NORTH-V09DDH-5: interval 22.3-22.6 m (length 0.3m) 0.62 grams/tonne Au (interval 73-74 ft, length 1 ft, 0.018 troy ounces/short ton Au)
The Log Dam is the location of a 300 x 25 m area of anomalous Au and As in soil, as well as a coincident IP chargeability high and magnetic total field low geophysical anomaly. The geochemical and geophysical anomalies follow an east-west trend (dipping steeply
south), that traces the amphibolite rock unit. The Log Dam is located 22 m north and 18 m east of drill hole collar V09DDH-2 and 89 m north and 169 m east of V09DDH-3. The Log Dam Zone is characterized by silicification (quartz carbonate vein/replacement). Mineralization consists
of minor amounts of pyrite, pyrrhotite (0.1-2%), with trace chalcopyrite, arsenopyrite that is hosted in chloritized, silicified and carbonate altered amphibolite (metavolcanic). Pyrite and pyrrhotite occur as disseminations and veinlets, and in quartz vein/replacement.
The Discovery North gold bearing mineral zone follows an east-west trend (dipping steeply south), that traces the contact between the amphibolite and schist rock unit. The amphibolite/schist contact is characterized by shearing/faulting and silicification (quartz
carbonate vein/replacement). Mineralization consists of minor amounts of pyrite, pyrrhotite (0.1-2%), with trace chalcopyrite, arsenopyrite hosted in chloritized, silicified and carbonate altered amphibolite (metavolcanic) and schist (metasediment). The amphibolite/schist contact
related quartz-carbonate fissure veining is similar to the 'D' vein structure (Discovery Zone) located about 100 m south of Discovery North Zone.
Management plans to drill several follow-up holes in the vicinity of the Discovery North and Log Dam Zones. Andris Kikauka, P.Geo., is the qualified person (under the guidelines of NI-43-101) responsible for reporting Valentine Mountain Gold Project geochemical
analysis of drill hole samples.
SEDAR MD & A
Ticker Symbol: C:MBV
Mill Bay Ventures Inc (C:MBV)
This filing is available at:
http://www.stockwatch.com/nocomp/newsit/newsit_sedardoc.aspx?docid=2037829
SEDAR Interim Financial Statements
Mill Bay Ventures Inc (C:MBV)
This filing is available at:
http://www.stockwatch.com/nocomp/newsit/newsit_sedardoc.aspx?docid=2037828
Dec. 23/09
MILL BAY VENTURES ANNOUNCES COMPLETION OF DRILL PROGRAM
ON VALENTINE MOUNTAIN PROPERTY
Mill Bay is pleased to announce the successful completion of the 2009 diamond drilling program at the Valentine Mountain Property (the “Property”). The five-hole, 545 metre drilling program tested two targets on the Property, consisting of four holes totaling
469 metres at the Log Dam Target, and one hole of 76 metres at the Discovery North Target. Both targets are situated along the seven kilometre Gold-Arsenic Structural Corridor, respectively 1.1 kilometres west of, and in the immediate footwall of, the Discovery Zone.
At the Log Dam Target, three of the four north-trending holes successfully penetrated both southern and northern, steeply south-dipping, favourable contacts of the amphibolite unit with the surrounding biotite schist units. The other hole was collared within
the amphibolite and penetrated the northern schist contact only. The four drill holes tested the Log Dam Target over a strike length of 200 metres and to depths of up to 65 metres from surface. In all cases, these contacts displayed shearing and alteration, and contained
variable amounts of quartz veins and sulphide mineralization.
At the Discovery North Target, the single south-trending hole successfully penetrated the northern, steeply south-dipping favourable contact of the amphibolite unit and the biotite schist unit. Both the contact and the bottom of the hole displayed shearing,
alteration, and contained variable amounts of quartz veins and sulphide mineralization.
A total of 138 samples of half-split BQTW size drill core from the five drill holes have been sent to Pioneer Laboratories Inc.’s analytical facility in Richmond, B.C. for both gold and multi-element analyses. Analytical results for the entire program
will be reported after they are received, reviewed and checked by Mill Bay.
This drilling program was designed and managed by Andris Kikauka, P.Geo., and the drilling was completed by Neill’s Mining Ltd. of Victoria, B.C., who has extensive drilling experience on the Valentine Mountain Property. Jacques
Houle, P.Eng., has reviewed the contents of this news release. Both Mr. Kikauka and Mr. Houle are Qualified Persons pursuant to National Instrument 43-101
For further information please contact Darryl Glasier at e-mail: darrylg@shaw.ca
ON BEHALF OF THE BOARD
“William Glasier”
__________________________________
William Glasier
President
December 9, 2009
MILL BAY VENTURES ANNOUNCES COMMENCEMENT OF DRILL PROGRAM
ON VALENTINE MOUNTAIN PROPERTY
Mill Bay Ventures Inc. (the “Company”) is pleased to announce the commencement of a diamond drilling program at the Valentine Mountain Property. The 3-5 hole, 350 metre focused drilling program is designed to test the Log Dam Target situated
1.1 km. west of the Discovery Zone along the 7 km Gold-Arsenic Structural Corridor.
The Log Dam Target features coincident gold-arsenic soil geochemical anomalies with induced polarization and magnetic geophysical anomalies over a strike length of 250 metres in amphibolite containing quartz-sulphide veins.
Outcrop grab samples taken from the Log Dam Target to date are:
Year |
Width |
Description |
Gold (g/t) |
1997 |
0.4 m. |
Quartz vein |
94.70 |
2001 |
0.4 m. |
30% quartz, 2% pyrite at contact of schist & amphibolite |
32.02 |
2001 |
0.3 m. |
20% quartz, trace pyrite in contorted amphibolite |
2.13 |
The Valentine Mountain property is located on southern Vancouver Island, British Columbia.
This program will be designed and managed by Andris Kikauka, P.Geo. and Jacques Houle, P.Eng., who have reviewed the contents of this news release.
Mr. Kikauka and Mr. Houle are qualified persons pursuant to National Instrument 43-101.
For further information please contact Darryl Glasier at e-mail: darrylg@shaw.ca
ON BEHALF OF THE BOARD
“William Glasier”
__________________________________
William Glasier
President
Mill Bay begins Valentine Mountain drilling program
Wednesday December 09 2009 - News Release
Mr. William Glasier reports
MILL BAY VENTURES ANNOUNCES COMMENCEMENT OF DRILL PROGRAM ON VALENTINE MOUNTAIN PROPERTY
Mill Bay Ventures Inc. has commenced a diamond drilling program at the Valentine Mountain property. The three- to five- hole, 350-metre focused drilling program is designed to test the Log Dam target situated 1.1 kilometres west of the discovery zone along the seven-kilometre
gold-arsenic structural corridor.
The Log Dam target features coincident gold-arsenic soil geochemical anomalies with induced polarization and magnetic geophysical anomalies over a strike length of 250 metres in amphibolite containing quartz-sulphide veins.
OUTCROP GRAB SAMPLES TAKEN FROM THE LOG DAM TARGET TO DATE
Year Width (m) Description Gold (g/t)
1997 0.4 quartz vein 94.70
2001 0.4 30 per cent quartz, 2 per cent pyrite at contact of schist and amphibolite 32.02
2001 0.3 20 per cent quartz, trace pyrite in contorted amphibolite 2.13
The Valentine Mountain property is located on southern Vancouver Island in British Columbia.
This program will be designed and managed by Andris Kikauka, PGeo, and Jacques Houle, PEng, who have reviewed the contents of this news release.
Mr. Kikauka and Mr. Houle are qualified persons pursuant to National Instrument 43-101.
Mill Bay Ventures 2,970,556-share private placement
Wednesday November 18 2009 - Private Placement
The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Sept. 28, 2009, and amended Sept. 29, 2009.
Number of shares:2,365,000 flow-through shares and 605,556 non-flow-through shares Purchase price:Five cents per flow-through share and 4.5 cents per non-flow-through share Warrants:2,970,556 share purchase warrants to purchase 2,970,556 shares Warrant exercise
price:Five cents for a one-year period Hidden placees:Seven hidden placees participatedInsider:James Stewart, 405,556 non-flow-through shares and 365,000 flow-through shares Finder's fee:$1,400 cash payable to Jatina Froese
Mill Bay Ventures closes $145,000 private placement
Saturday November 14 2009 - News Release
Mr. William Glasier reports
MILL BAY VENTURES ANNOUNCES CLOSE OF PRIVATE PLACEMENT AND APPOINTMENT OF CORPORATE SECRETARY
Mill Bay Ventures Inc. has raised proceeds of $145,500 in connection with a private placement announced in Stockwatch of Sept. 28, 2009. The Company placed an aggregate 2,970,556 Units, which includes 2,365,000 flow-through units (the "Flow-Through Units") for
proceeds totaling $118,250 and 605,556 common share units (the "Common Share Units") for proceeds totaling $27,250.
The Flow-Through Units consist of one flow-through common share and one non-flow-through, non-transferrable share purchase warrant, with each warrant exercisable at a price of $0.05 for a period of one year following the close of the Offering. The Common Share
Units consist of one common share and one non-transferable common share purchase warrant, with each warrant exercisable at a price of $0.05 for a period of one year following the close of the Offering. The flow-through shares will entitle the investor to the tax benefits of
the qualifying Canadian exploration expenses incurred by the Company, which will be "flowed-through" to the investor.
In connection with the Offering, the Company will pay a finder's fee of $1,400 to an arms' length individual in accordance with TSX Venture Exchange policy. Proceeds arising from the sale of the Flow-Through Units will be used to advance its 100% owned Valentine
Mountain Property, located on southern Vancouver Island, British Columbia, as well as the Saskatchewan coal properties. Proceeds arising from the sale of the Common Share Units will be used for general corporate purposes. The Valentine Gold property hosts a historic mineral
resource, known as the Discovery Zone, with an estimated 30,660 tonnes grading 14.7 grams (0.473 ounces) of gold per tonne (Pre NI 43-101). See website for details: www.millbayventures.com
The financing is Subject to approval of The TSX Venture Exchange and all regulatory authorities.
The Company also announces the appointment of Pamela Lynch, CMA as Corporate Secretary of the Company. Ms. Lynch was appointed following the resignation of Ms. Dorothy Chin on November 1, 2009. Ms. Lynch is a member of the Certified Management Accountants Association
and has over 10 years' experience with public companies in accounting, corporate governance and regulatory compliance.
Mill Bay Ventures Inc.: Results From the 2009 Geochemistry and Prospecting Program Valentine Mountain
October 27, 2009 5:30:52 AM PDT (CA)
Mill Bay Ventures Inc. (TSX VENTURE: MBV)(PINK SHEETS: MLBVF)(FRANKFURT: M4K) ("the Company") is pleased to report the results from the 2009 geochemistry and prospecting program completed during September following up positive results from the 2008 program along the northern
gold corridor of the Valentine Mountain Property. The 2009 field program consisted prospecting, rock sampling, and stream moss mat sampling by a 3 person team walking uphill along stream beds during low water flow conditions, taking stream moss mat samples every 100-200 metres,
and rock samples wherever significant veins or sulphidic zones were exposed in stream beds.
During that program, 12 rock samples and 34 stream moss mat samples were taken from the area of the Valentine Mountain Property. The 34 stream moss mat samples were dried and sent to Acme Laboratories Ltd. in Vancouver for 36 element Group 1DX30 ICP analysis. The rock samples
were also sent to Acme Analytical Laboratories Ltd. in Vancouver for 39 element Group 7TX ICP-MS/ES analysis plus gold, platinum and palladium Group 3B fire assay fusion ICP-MS. The geochemistry results from both the moss mat and rock samples were received from Acme in October,
2009.
The stream moss mat sample results yielded significantly elevated values for gold (exceeding 50 ppb) in 11 of the 34 samples (32%), including 5 samples (15%) exceeding 250 ppb. Similar to the 2008 results in the area of the northern gold corridor, the 2009 results show elevated
values for gold only in some samples. It is also significant that the samples with elevated values for gold occur in sequential samples along streams, with well defined cut-offs or catchment basins upstream from the sites of four of the samples with the highest gold values.
The elevated gold values from these four sample sites suggest the presence of a northwest-trending zone over a strike length of 3 kilometres along the northern slope of Valentine Mountain within the northern gold corridor. This zone is located 5 kilometres northwest of the
Valentine Mountain Discovery Zone.
The 2009 rock sampling program failed to yield any significant gold values in outcrop along the stream beds, and also failed to explain the elevated gold values obtained in both the 2008 and 2009 stream moss mat samples. Therefore, it can be reasonably assumed that as-yet
undiscovered bedrock sources of gold occur in the area of the northern corridor. These assumed sources are worthy of follow-up work to determine their specific locations, characteristics, dimensions and grades with additional prospecting, and possibly trenching and sampling.
The 2008 and 2009 field programs at Valentine Mountain were conducted and supervised by Jacques Houle, P.Eng., a Qualified Person pursuant to National Instrument 43-101. Mr. Houle has reviewed the contents of this news release.
PLEASE CHECK THE COMPANY'S WEBSITE: www.millbayventures.com FOR REPORTS AND INFORMATION ON SIX OTHER PROPERTIES.
ON BEHALF OF THE BOARD
William Glasier, President
Mill Bay increases private placement to $700,000
2009-09-29 20:45 ET - News Release
Mr. William Glasier reports
AMENDED NON-BROKERED PRIVATE PLACEMENT OF 15,000,000 UNITS
Mill Bay Ventures Inc., further to its news release in Stockwatch on Sept. 28, 2009, announcing a non-brokered private placement of 15 million units, consisting of 10 million common share units and five million flow-through units, has amended the price of the common share units
to 4.5 cents per unit and the price of the flow-through units remains at five cents per unit for a gross proceeds of $700,000.
The 10 million common share units consist of one common share and one non-transferrable share purchase warrant. Each warrant will entitle the investor to purchase one additional common share at an exercise price of five cents with a term of one year from the date of closing.
The five million flow-through units consist of one flow-through share and one non-flow-through, non-transferrable share purchase warrant. Each warrant will entitle the investor to purchase one additional common share at an exercise price of five cents per share with a term of one year
from the date of closing. The flow-through shares will entitle the investor to the tax benefits of the qualifying Canadian exploration expenses incurred by the company, which will be "flowed through" to the investor.
The company will pay a finder's fee equal to 7 per cent of the proceeds of this financing in accordance with the TSX Venture Exchange policy. The finder's fee is not available to insiders.
The funds will be used to advance its 100-per-cent-owned Valentine Mountain property, located on southern Vancouver Island, British Columbia, as well as the Saskatchewan coal properties and for general working capital. The Valentine gold property hosts a historic mineral resource,
known as the Discovery zone, with an estimated 30,660 tonnes grading 14.7 grams (0.473 ounce) of gold per tonne (pre-National Instrument 43-101). See website for details
September 29/09
SEDAR Interim Financial Statements
Mill Bay Ventures Inc (C:MBV)
Shares Issued 52,579,698
Last Close 9/29/2009 $0.045
Tuesday September 29 2009 - SEDAR Interim Financial Statements
This filing is available at:
http://www.stockwatch.com/nocomp/newsit/newsit_sedardoc.aspx?docid=1975051
Septembr 29/09
SEDAR MD & A
Mill Bay Ventures Inc (C:MBV)
Shares Issued 52,579,698
Last Close 9/29/2009 $0.045
Tuesday September 29 2009 - SEDAR MD & A
This filing is available at:
http://www.stockwatch.com/nocomp/newsit/newsit_sedardoc.aspx?docid=1975048.
Mill Bay Ventures NEWS Release
September 28, 2009
NON-BROKERED PRIVATE PLACEMENT OF 15,000,000 UNITS
Mill Bay Ventures Inc. (“the Company”) is pleased to announce that it has arranged a Non-Brokered Private
Placement of 15,000,000 units consisting of 10,000,000 common share units at a price of $0.035 per unit and
5,000,000 flow-through units at a price of $0.05 per unit for gross proceeds of $600,000.
The 10,000,000 common share units consist of one common share and one non-transferrable share purchase
warrant (“warrant”). Each warrant will entitle the investor to purchase one additional common share at an
exercise price of $0.05 with a term of one year from the date of closing.
The 5,000,000 flow-through units consist of one flow-through share and one non flow-through, nontransferrable
share purchase warrant (“warrant”). Each warrant will entitle the investor to purchase one
additional common share at an exercise price of $0.05 per share with a term of one year from the date of
closing. The flow-through shares will entitle the investor to the tax benefits of the qualifying Canadian
exploration expenses incurred by the Company, which will be “flowed-through” to the investor.
The Company will pay a finder’s fee equal to 7% of the proceeds of this financing in accordance with the TSX
Venture Exchange Policy. The finder’s fee is not available to Insiders.
The funds will be used to advance its 100% owned Valentine Mountain Property, located on southern
Vancouver Island, British Columbia, as well as the Saskatchewan coal properties and for general
working capital. The Valentine Gold property hosts a historic mineral resource, known as the
Discovery Zone, with an estimated 30,660 tonnes grading 14.7 grams (0.473 ounces) of gold per
tonne (Pre NI 43-101). See website for details: www.millbayventures.com
The financing is Subject to approval of The TSX Venture Exchange and all regulatory authorities.
For further information please contact Darryl Glasier at e-mail: darrylg@shaw.ca
ON BEHALF OF THE BOARD
“William Glasier”
__________________________________
William Glasier
President
September 17, 2009 11:24:34 AM PDT (CA)
Mill Bay Ventures Inc. to Continue Exploration on Valentine Mountain
Ticker Symbol: C:MBV U:MLBVF X:FRANKFURT:M4K
Mill Bay Ventures Inc. ("the Company") (TSX VENTURE: MBV)(PINK SHEETS: MLBVF)(FRANKFURT: M4K) is pleased to announce the commencement of a prospecting, mapping and geochemical sampling program at the Valentine Mountain Property designed to follow-up elevated gold and other metal values
discovered in stream moss samples in two areas of the property during the 2008 Program. The news release of November 26, 2008 summarized the results from the stream moss mat sampling portion of the 2008 Program as follows:
"The stream moss mat samples yielded a high percentage (20 of 42 equals 48%) with one or more elevated metal values. These fell into two distinct populations, consisting of 11 samples which yielded elevated values in only gold (exceeding 50 ppb or 0.05 g/t), and 9 samples which yielded
elevated values in one or more metals including copper (exceeding 50 ppm), lead (exceeding 10 ppm), zinc (exceeding 100 pm), nickel (exceeding 50 ppm), cobalt (exceeding 50 ppm) and/or arsenic (exceeding 25 ppm). These results suggest the presence of upstream sources of at least two distinct
types of metallic occurrences, one of which is primarily gold-bearing. These appear to display two trends: one along the east-west corridor centred on the Discovery Zone, and another along a possible west-northwest northern corridor. Follow-up prospecting and more detailed stream moss mat
sampling are warranted, particularly along the latter."
The 2009 program will be focused on the primarily gold-bearing west-northwest corridor, which yielded 6 of 13 (46%) stream moss mat samples exceeding 50 ppb gold, including 3 exceeding 100 ppb gold, and a maximum value of 357 ppb gold. This 6 kilometre long corridor contains no known
gold-bearing or other mineral occurrences.
This program will be conducted by and under the supervision of Jacques Houle, P.Eng., a qualified person pursuant to National Instrument 43-101. Mr. Houle has reviewed the contents of this news release.
PLEASE CHECK THE COMPANY'S WEBSITE: www.millbayventures.com FOR REPORTS AND INFORMATION ON SIX OTHER PROPERTIES.
ON BEHALF OF THE BOARD
William Glasier, President
This release contains statements that are forward-looking statements and are subject to various risks and uncertainties concerning the specific factors disclosed under the heading "Risk Factors" and elsewhere in the Company's periodic filings with Canadian securities regulators. Such
information contained herein represents management's best judgment as of the date hereof based on information currently available. The Company does not assume the obligation to update any forward-looking statement.
Shares issued: 63,079,698
Last Trading Price: $0.03
The TSX Venture Exchange has not reviewed and does not accept the responsibility for the accuracy or adequacy of this release.
|
SEDAR Audited Annual Financial Statements
Ticker Symbol: C:MBV
SEDAR Audited Annual Financial Statements
Mill Bay Ventures Inc (C:MBV)
Shares Issued 52,579,698
Last Close 8/28/2009 $0.04
Friday August 28 2009 - SEDAR Audited Annual Financial Statements
This filing is available at:
http://www.stockwatch.com/nocomp/newsit/newsit_sedardoc.aspx?docid=1955613
Mill Bay to pay 7% finder's fee under financing
2009-06-30 19:20 ET
Mr. William Glasier reports
Mill Bay Ventures completes $200,000 private placement
Mr. William Glasier reports
MILL BAY CLOSES NON BROKERED PRIVATE PLACEMENT 10,000,000 UNITS @ $0.02 PER UNIT
Mill Bay Ventures Inc. has completed a non-brokered private placement of 10 million units at a price of two cents per unit for gross proceeds of $200,000.
Each unit consists of one common share and one (1) non-transferrable share purchase warrant. Each warrant will entitle the investor to purchase one additional common share with a term of one (1) year at an exercise price of $0.05 expiring on August 14, 2010.
All securities issued under this private placement are subject to a four month and a day hold period, expiring on December 15, 2009.
The Company has paid John Kocela, a finder's fee of $140, equal to 7% of the $2,000 funds raised by him.
The funds will be used to advance Mill Bay's 100% owned Valentine Mountain Property, located on southern Vancouver Island, British Columbia and for general working capital.
Mill Bay Ventures 10-million-share private placement
The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced June 19, 2009, and June 30, 2009.
Number of shares:10 million shares Purchase price:Two cents per share Warrants:10 million share purchase warrants to purchase 10 million shares Warrant exercise price:Five cents for a one-year period Hidden placees:Nine hidden placees participatedInsiders:058907
NB Ltd. (Gary Roberson), 400,000; James Stewart, 1.65 million; William Glasier, 450,000 Finder's fee:$140 payable to John Kocela
FINDER'S FEE NON-BROKERED PRIVATE PLACEMENT OF 10,000,000 UNITS @ $0.02 PER UNIT
Further to its news release in Stockwatch dated June 19, 2009, on a non-brokered private placement of 10 million units at a price of two cents per unit, Mill Bay Ventures Inc. will pay a finder's fee equal to 7 per cent of the proceeds of this financing in accordance with
TSX Venture Exchange policy.
The funds will be used to advance its 100-per-cent-owned Valentine Mountain property, located on southern Vancouver Island, B.C., and for general working capital.
Mill Bay approved for coal exploration in Saskatchewan
2009-07-16 05:34 ET
Mr. William Glasier reports
MILL BAY OBTAINS PERMITTING APPROVAL FOR SASKATCHEWAN COAL EXPLORATION
Mill Bay Ventures Inc. has received approval for coal disposition applications (dated July 7, 2008) for ground that adjoins two historic coal intercepts first reported January, 1961. The report identified as, "Silica sand and coal occurrence's on Wapawekka Lake," was written
by W.D. Pearson for the Department of Mineral Resource Mine Branch geology division, province of Saskatchewan. This report identified the locations of two coal intercepts of 30 feet and 14 feet with no coal rank given. Mill Bay has received approval for the coal exploration
applications for 41,024 hectares (101,372.51 acres) of coal dispositions adjoining these two intercepts.
Mill Bay changes terms of AC gold property option deal
2009-07-21 05:46 ET - News Release
Mr. William Glasier reports
MILL BAY VENTURES INC.: AC GOLD PROPERTY
Mill Bay Ventures Inc. has entered into an amending agreement to the option agreement dated June 21, 2007, to acquire 111 mining claims located in Lander county, Nevada, known as the AC gold property, to amend the option agreement by reducing the payments from $1.5-million
(U.S.) to $1.3-million (U.S.) and removing the 3-per-cent net smelter returns royalty, in consideration for the issuance to the optionor of a total of 1.5 million common shares of the company. Any work on the property is at the sole discretion of the company.
Drill targets have been located and the company is planning to drill these claims as soon as possible.
MILL BAY OBTAINS PERMITTING APPROVAL FOR SASKATCHEWAN COAL EXPLORATION
Mill Bay Ventures Inc. (“Mill Bay” or the “Company”) is pleased to announce that it has received approval for Coal Disposition Applications (Dated July 7, 2008) for ground that adjoins two historic coal intercepts first reported January, 1961. The
Report identified as, "Silica Sand and Coal Occurrence's on Wapawekka Lake" was written by W. D Pearson for the Department of Mineral Resource Mine Branch Geology Division, Province of Saskatchewan. This report identified the locations of two coal intercepts of 30 feet
and 14 feet with no coal rank given. Mill Bay has received approval for the coal exploration applications for 41,024 hectares (101,372.51 acres) of Coal Dispositions adjoining these two intercepts.
For further information please contact Darryl Glasier at e-mail: darrylg@shaw.ca
ON BEHALF OF THE BOARD
“William Glasier”
Mill Bay samples 0.4 m of 32.0 g/t Au
Mill Bay Ventures Inc (C:MBV)
Shares Issued 52,579,698
Last Close 6/22/2009 $0.025
Wednesday June 24 2009 - News Release
Mr. William Glasier reports
MILL BAY VENTURES INC.: VALENTINE MOUNTAIN COMPLETION OF SURVEYING AND ROCK CHIP SAMPLING
Mill Bay Ventures Inc. has completed surveying and rock chip sampling of the Log Dam zone on its 100-per-cent-owned Valentine Mountain mineral tenures. The Valentine Mountain claims are located 40 miles west of Victoria on southern Vancouver Island, cover
approximately 7,084 acres (2,867 hectares) along a trend estimated at seven kilometres long and 500 metres wide. The property hosts a historic mineral resource, known as the Discovery zone, with an estimated 30,660 tonnes grading 14.7 grams (0.473 ounce) of gold per tonne
(not National Instrument 43-101 compliant).
The Log Dam zone is located 1,100 metres west of the Discovery zone (site of main previous workings, diamond drill holes, trenching and small milling operation). The Log Dam zone consists of variable auriferous quartz veining (minor pyrite-arsenopyrite), associated
with anomalous gold in soil, which coincides with pyritic-tourmaline-garnet altered metamorphosed volcanic host rocks (aka amphibolite). Two 30-metre-thick to 60-metre-thick amphibolite bands coincide with increased IP chargeability, and the swampy area where the Log Dam was
built coincides with a total field magnetic decrease, suggesting the presence of secondary alteration. Rock chip sampling of 13 quartz veins in the vicinity of the Log Dam revealed the significant assays in the attached table.
| Sample No. |
Width |
Description |
g/t Au |
opt Au |
| 599250 |
0.4 metre |
30% qtz, 2% lim, 2% py |
32.02 |
0.934 |
| 599319 |
0.3 metre |
30% qtz, 2% lim, 2% py |
2.13 |
0.062 |
The recent logging that took place around the Log Dam has created good access roads to the quartz veins of interest and management is engaged in a permit application with the Ministry of Energy and Mines to carry out a program of approximately 3,000 metres
of diamond drilling that would target gold bearing quartz fissure vein structures in the Log Dam and Discovery zones.
Rock chip sampling, geological mapping and GPS surveying were carried out by Andris Kikauka, PGeo, a qualified person for the purposes of National Instrument 43-101.
Stockwatch: Mill Bay Ventures Inc: SEDAR MD & A
Wednesday March 25 2009 - SEDAR MD & A
This filing is available at:
http://www.stockwatch.com/nocomp/newsit/newsit_sedardoc.aspx?docid=1827657
SEDAR Interim Financial Statements
Wednesday March 25 2009 - SEDAR Interim Financial Statements
This filing is available at:
http://www.stockwatch.com/nocomp/newsit/newsit_sedardoc.aspx?docid=1827646
Mill Bay has four of 67 samples greater than 0.1 g/t Au
2008-12-03 08:17 ET
Mr. William Glasier reports
MILL BAY VENTURES INC: RESULTS RECEIVED FROM 2008 PROGRAM AT VALENTINE MOUNTAIN
Mill Bay Ventures Inc. has completed and received final results from the 2008 reconnaissance exploration program on its 100-per-cent-owned Valentine Mountain property, located on southern Vancouver Island, British Columbia.
The preliminary field program completed in July included prospecting, targeted geological mapping and 65 rock samples and 42 stream moss mat samples taken over the entire Valentine Mountain property. Final geochemistry results from the samples including numerous gold reassays
were received by early October from Acme Analytical Laboratories Ltd. of Vancouver. The work and appropriate costs were filed for mineral tenure assessment on the 25 cell mineral claims of the property to maintain them in good standing until June, 2010. The planned GIS-based
data compilation of extensive historical exploration records has not yet been completed by the company.
The rock samples yielded only 6 per cent (four of 67) with elevated gold values (exceeding 100 parts per billion or 0.10 gram per tonne), none with close to economic grades, but three of which also yielded elevated arsenic values (exceeding 100 parts per million). Fourteen
of the rock samples yielded elevated values in one or more other metals, including nickel (exceeding 100 ppm), chromium (exceeding 100 ppm), cobalt (exceeding 25 ppm), molybdenum (exceeding 10 ppm) or tungsten (exceeding 10 ppm). No significant new mineralized occurrences were
established in 2008, but the seven-kilometre-long east-west "corridor of gold mineralization" described in 1998 by A.A. Burgoyne, PEng, remains to be systematically tested by diamond drilling along strike and to depth west of the Discovery zone.
The stream moss mat samples yielded a high percentage (20 of 42 equals 48 per cent) with one or more elevated metal values. These fell into two distinct populations, consisting of 11 samples which yielded elevated values in only gold (exceeding 50 ppb or 0.05 gram per tonne),
and nine samples which yielded elevated values in one or more metals, including copper (exceeding 50 ppm), lead (exceeding 10 ppm), zinc (exceeding 100 ppm), nickel (exceeding 50 ppm), cobalt (exceeding 50 ppm) or arsenic (exceeding 25 ppm). These results suggest the presence
of upstream sources of at least two distinct types of metallic occurrences, one of which is primarily gold bearing. These appear to display two trends: one along the east-west corridor centred on the Discovery zone, and another along a possible west-northwest northern corridor.
Follow-up prospecting and more detailed stream moss mat sampling are warranted, particularly along the latter.
The 2008 work programs were recommended in the March 10, 2008, summary technical report, and conducted by and under the supervision of Jacques Houle, PEng, a qualified person pursuant to National Instrument 43-101. Mr. Houle has reviewed the contents of this news release.
SEDAR MD & A
Mill Bay Ventures Inc (C:MBV)
Shares Issued 48,999,698
Last Close 9/29/2008 $0.055
Monday September 29 2008 - SEDAR MD & A
This filing is available at:
http://www.stockwatch.com/nocomp/newsit/newsit_sedardoc.aspx?docid=1726927
SEDAR Interim Financial Statements
Mill Bay Ventures Inc (C:MBV)
Shares Issued 48,999,698
Last Close 9/29/2008 $0.055
Monday September 29 2008 - SEDAR Interim Financial Statements
This filing is available at:
http://www.stockwatch.com/nocomp/newsit/newsit_sedardoc.aspx?docid=1726931
Mill Bay names Chin as secretary
Thursday September 25 2008 - News Release
Mr. William Glasier reports
APPOINTMENT AND RESIGNATION OF CORPORATE SECRETARY
Mill Bay Ventures Inc. has appointed Dorothy Chin as corporate secretary of the company to replace Mimy Fernandez-Maldonado, who resigned as of Aug. 31, 2008.
Ms. Chin is a member of the Chartered Secretaries Canada, a Canadian division of the Institute of Chartered Secretaries and Administrators. She has more than 15 years experience in the mining and resource sectors, serving with public companies in regulatory compliance, governance
and administration of corporate affairs.
SEDAR Audited Annual Financial Statements
Mill Bay Ventures Inc (C:MBV)
Shares Issued 48,999,698
Last Close 8/28/2008 $0.055
Thursday August 28 2008 - SEDAR Audited Annual Financial Statements
This filing is available at:
http://www.stockwatch.com/nocomp/newsit/newsit_sedardoc.aspx?docid=1707510
SEDAR MD & A
Mill Bay Ventures Inc (C:MBV)
Shares Issued 48,999,698
Last Close 8/28/2008 $0.055
Thursday August 28 2008 - SEDAR MD & A
This filing is available at:
http://www.stockwatch.com/nocomp/newsit/newsit_sedardoc.aspx?docid=1707511
Mill Bay applies for 9,216 hectares of coal permits
Monday July 07 2008 - News Release
Mr. William Glasier reports
MILL BAY APPLIES FOR ADDITIONAL COAL PERMITS
Mill Bay Ventures Inc. has filed Coal Disposition Applications for ground that adjoins two historic coal intercepts reported in a report dated January, 1961 titled "Silica Sand and Coal Occurrence's on Wapawekka Lake" by W. D. Pearson for the Department of Mineral Resource
Mine Branch Geology Division for the Province of Saskatchewan. This report identified the locations of two coal intercepts of 30 feet and 14 feet with no coal rank given. Mill Bay has applied for 9,216 hectares (33,772.736 acres) of Coal Dispositions adjoining these two intercepts.
In the event the applications are successful, the Company plans to diligently explore the acreage.
Mill Bay receives comfort letter on coal permits
Friday July 04 2008 - News Release
Mr. William Glasier reports
MILL BAY RECEIVES LETTER OF COMFORT ON COAL PERMITS
Mill Bay Ventures Inc. has received a priority comfort letter from the Ministry of Energy and Resources of Saskatchewan, with regard to two of four township applications made on May 22, 2008, on behalf of Mill Bay encompassing 18,432 hectares (45,545.47 acres) of a total of
36,864 hectares (91,090.94 acres) of ground, west of Hudson Bay, Sask. A coal prospecting permit has been issued for the two townships confirming that Mill Bay's applications are first in line. The standard issue comfort letters states: "The extent to which the land described
in these applications can be issued has not been investigated, and therefore, this letter should not be construed as an indication that any land will be issued, as full review is still to be completed."
The company has been encouraged by the recent coal discovery in the area by Goldsource Mines Inc., which confirms the regional potential for coal deposits and suggests a much larger coal system. As Mike Magrum, PEng, reported in Goldsource Mines Inc.'s April 28, 2008, news
issued in Stockwatch, "Coal structures of the Creataceous age are generally stratigraphic and can encompass several thousand square kilometres."
In the event the applications are successful, Mill Bay plans to diligently explore the acreage.
Mill Bay has several gold properties that are currently being explored, farmed out or joint ventured.
Mill Bay Ventures begins Valentine Mt. exploration
Monday June 23 2008 - News Release
Mr. William Glasier reports
MILL BAY TO EXPLORE VALENTINE MOUNTAIN
Further to previous news releases, Mill Bay Ventures Inc. will commence reconnaissance exploration of its 100-per-cent-owned Valentine Mountain property, located on southern Vancouver Island, British Columbia.
Extensive recent logging and related road construction by forestry tenure holders has created new and unexplored bedrock exposures west of the Valentine Mountain Discovery Zone along the structural corridor to near the Braiteach Zone, located 4 kilometres along strike. A preliminary
field program consisting of prospecting, rock and stream moss mat sampling and geological mapping will be completed by the Company over the entire Valentine Mountain Property in July, 2008. A GIS-based data compilation of extensive historical exploration records has already
commenced.
These work programs were recommended in the March 10, 2008 Summary Technical Report, and are being conducted under the supervision of Jacques Houle, P.Eng., a qualified person pursuant to National Instrument 43-101. Mr. Houle has written reports on and visited the Valentine
Mountain area, and has reviewed the contents of this news release.
Mill Bay Ventures names Sharp as CFO
Wednesday June 18 2008 - News Release
Mr. William Glasier reports
APPOINTMENT OF CHIEF FINANCIAL OFFICER
Mill Bay Ventures Inc. is appointing Lisa Sharp, CGA, as its chief financial officer. Ms. Sharp is a member of the Certified General Accountant's Association. She has more than 15 years of management and accounting experience in both the private and public sectors. Ms. Sharp's experience
encompasses financial and regulatory compliance, private placement financings, and United States filings. Most recently, Ms. Sharp has been the chief financial officer of a technology company listed on the TSX Venture Exchange.
Mill Bay acquires more claims at Valentine Mountain
Monday June 09 2008 - News Release
Mr. William Glasier reports
MILL BAY SECURES KEY CLAIMS AT VALENTINE MOUNTAIN
Further to the previous news in Stockwatch dated Dec. 19, 2007, March 4, 2008, and April 29, 2008, Mill Bay Ventures Inc. has acquired 100-per-cent interest in an additional 740 acres (300 hectares) of mineral tenures and 106 acres (43 hectares) of placer tenures in the Valentine Mountain
area. Mill Bay has secured a total of approximately 17,762 acres (7,188 hectares) of mineral tenures in the area to date.
Mill Bay has entered into an option agreement dated June 5, 2008 to purchase 3 cell mineral claims (549331, 549333 and 549334) and 2 cell placer claims (575069 and 575070) from Efrem Specogna for $15,000 in cash and 500,000 common shares of the Company. The issuance of the common shares
is subject to the approval of the Regulatory Authorities.
The acquisition of mineral claim 549333 by Mill Bay secures an additional 2 kilometres of strike length coverage within the central portion of the 7 kilometre long "Corridor of Gold Mineralization" as described in 1998 by A.A. Burgoyne, P.Eng. The area within the claim boundary includes
the "Discovery West Zone", the "Log Dam", and the "Alec Creek" exploration targets established by Mr. Burgoyne. The acquisition of mineral claims 549331 and 549334 secures strike length coverage of 1 kilometre immediately south and down-dip of the "Discovery Zone". The surface exposure of
the "Discovery Zone" is situated on cell mineral claim 506801 held by the Company, and described in the news release of March 4, 2008. The acquisition of placer claims 575069 and 575070 secures placer rights over the "Discovery Zone" and the "Discovery West Zone". These key claim acquisitions
allows Mill Bay to proceed with advanced exploration work on the "Discovery Zone" as recommended in the March 10, 2008 Summary Technical Report.
The foregoing information has been reviewed by Jacques Houle, P.Eng., a qualified person pursuant to National Instrument 43-101. Mr. Houle has written reports on and visited the Valentine Mountain area.
Mill Bay Ventures
June 3, 2008
TRANSFER OF ADDITIONAL TENURES ON
VALENTINE MOUNTAIN COMPLETED
Mill Bay Ventures Inc. (the “Company” of “Mill Bay”) is pleased to announce that it has completed the transfer of five tenures comprising of 4,495 acres around Valentine Mountain, located 20 kilometres northwest of Sooke, B.C. Completion of the transfer followed TSX
Venture acceptance of the acquisition of the cell mineral claims for a total consideration of $5,000 and 3 million shares of the Company subject to Tier 2 Surplus Escrow Agremeent to be released over six years. The transfer secured a large block of tenures for the Valentine Mountain Project
totalling 17,021.8 acres. These mineral tenures cover areas considered prospective for the discovery of gold-silver mineralization hosted by similar geology to the Valentine Mountain developed prospect which is contained within the 7 km long “Corridor of Gold Mineralization” as
described in 1998 by A.A. Burgoyne, P.Eng. The new claims completely cover the paralleling 10 km long “Valentine Shear” described in 1984 by Dr. Edward W. Grove, Ph.D., P.Eng., the strike projection of the “corridor”, and also areas of mapped intrusive bodies of Jurassic
and Eocene ages, both known to be associated with gold-silver-copper mineralization elsewhere onVancouver Island.
Additionally, the Company has acquired General, Vehicle and Fire Insurance covering the whole project and giving MillBay the right to start exploring the Valentine Mountain Project. Mr. Jacques Houle, Geo., has been retained to explore and sample any new areas that may have been
uncovered due to new roads completed by Timber West for logging purposes. Mr. Houle will prepare a report for the Company and make further recommendations. See the Company’s website www.millbayventrues.com for Mr. Houle’s 43-101 report.
Mill Bay has several gold properties that are currently being explored, farmed out or joint ventured. See the website for details (www.millbayventures.com).
ON BEHALF OF THE BOARD
“W.C. Glasier”
William Glasier, President
Mill Bay Ventures acquiring five B.C. claims
2008-04-14 16:18 ET
The TSX Venture Exchange has accepted for filing an option agreement dated Jan. 31, 2008, between Mill Bay Ventures Inc. and 360305 B.C. Ltd. (wholly owned by Allen L. Vandekerkhove), whereby the company will acquire a 100-per-cent interest in five cell mineral claims comprising 4,495 acres
around the Valentine Mountain property located 20 kilometres northwest of Sooke, B.C.
Total consideration consists of $5,000 in cash payments and three million shares of the company. The shares will be subject to a Tier 2 surplus escrow agreement to be released over six years.
Mill Bay acquires 10,731 acres in Valentine area
2008-04-29 12:37 ET
Mr. W.C. Glasier reports
MILL BAY SECURES ADDITIONAL 10,731 ACRES IN THE VALENTINE MOUNTAIN AREA
Further to news in Stockwatch on Dec. 19, 2007, and March 4, 2008, Mill Bay Ventures Inc. has acquired a 100-per-cent interest in an additional 10,731 acres (4,343 hectares) of mineral tenures in the Valentine Mountain area. Mill Bay has now secured a total of approximately 17,021 acres
(6,888 hectares) in the area to date. In March and April, 2008, Mill Bay, using B.C. Mineral Titles Online, has acquired 11 cell mineral claims, and has purchased one cell mineral claim 582322 from Greg McKee for $3,000.
These mineral claims cover areas considered prospective for the discovery of gold-silver mineralization hosted by similar geology to the Valentine Mountain developed prospect (B.C. Minfile 092B108), which is contained within the seven-kilometre-long "Corridor of Gold Mineralization" as described
in 1998 by A.A. Burgoyne, PEng. The new claims completely cover the paralleling 10 km long Valentine shear described in 1984 by Dr. Edward W. Grove, PhD, PEng, the strike projection of the corridor, and also areas of mapped intrusive bodies of Jurassic and Eocene ages, both known to be associated
with gold-silver-copper mineralization elsewhere on Vancouver Island.
Mill Bay has received a summary report on the Valentine Mountain project by Jacques Houle, PEng, dated March 10, 2008. Mr. Houle has recommended in his report a multifaceted $5,185,000 work program for the Valentine Mountain project, consisting of $4.54-million of focused work on the Discovery
zone, $525,000 of exploration work on the Braiteach (B.C. Minfile 092B075) zone, and $120,000 of combined grassroots exploration, baseline environmental sampling and GIS data compilation for the entire property. Subsequent to the acquisition of additional mineral tenures, Mr. Houle has recommended
the grassroots work be increased to $200,000.
The foregoing information has been reviewed by Mr. Houle, PEng, a qualified person pursuant to National Instrument 43-101.
Mill Bay jumps on the Goldsource bandwagon
2008-05-30 08:12 ET
Mr. William Glasier reports
MILL BAY SECURES COAL LEASE APPLICATIONS TOTALLING 91,054 ACRES NOTHWEST OF HUDSON BAY, SASKATCHEWAN
Mill Bay Ventures Inc. has secured coal lease applications encompassing approximately 91,054 acres west of Hudson Bay, Sask. The granting of the coal permits is at the discretion of the Saskatchewan government based on the priority of applications, and at this time Mill Bay cannot provide
any assurance that the coal permits applied for will be granted. In the event that the applications are successful, the company will pay $12,000 and transfer 80,000 common shares from its treasury as a finder's fee. The transactions will require regulatory approval.
The company is encouraged due to recent coal discoveries in the area and the coal may cover a large region as Mike Magrum, PEng, reported in Goldsource Mines Inc.'s news in Stockwatch on April 28, 2008, "Coal structures of the Creataceous age are generally stratigraphic and can encompass
several thousand square kilometres."
A recent discovery in the area by Goldsource Mines Inc., as reported by J. Scott Drever in Stockwatch on May 5, 2008, released the following information: "Goldsource Mines Inc. has provided the results for the 47 coal samples submitted from the Saskatchewan coal intercepts for two core holes
representing 26 metres and 32.5 metres respectively of coal seam, including 22.6 metres of continuous coal in each hole. On the basis of proximate analyses, most of the coal from the two intercepts is ranked, in accordance with standard ASTM-D388, as high-volatile bituminous C and subbituminous
A. The analyses and rankings confirm the 'visual characteristics' reported in the company's news release dated April 28, 2008."
In the event the applications are successful, Mill Bay plans to diligently explore the acreage.
Mill Bay applies for coal leases in Saskatchewan
Friday May 30 2008 - News Release
Mr. William Glasier reports
MILL BAY SECURES COAL LEASE APPLICATIONS TOTALLING 91,054 ACRES NOTHWEST OF HUDSON BAY, SASKATCHEWAN
Mill Bay Ventures Inc. has secured coal lease applications encompassing approximately 91,054 acres west of Hudson Bay, Saskatchewan. The granting of the coal permits is at the discretion of the Saskatchewan Government based on the priority of applications, and at this time Mill Bay cannot
provide any assurance that the coal permits applied for will be granted. In the event that the applications are successful, the Company will pay $12,000 and transfer 80,000 common shares from its treasury as a finder's fee. The transactions will require Regulatory Approval.
The Company is encouraged due to recent coal discoveries in the area and the coal may cover a large region as Mike Magrum, PEng reported in Goldsource Mines Inc.'s April 28, 2008 news release, "Coal structures of the Creataceous age are generally stratigraphic and can encompass several
thousand square kilometres."
A recent discovery in the area by Goldsource Mines Inc., as reported by Mr. J. Scott Drever in their press release titled "Goldsource Confirms Saskatechewan Coal Discovery Analytical Results and Coal Rankings Announced" dated May 5, 2008 released the following information: "Goldsource
Mines Inc. (the "Company") announces the results for the 47 coal samples submitted from the Saskatchewan coal intercepts for two core holes representing 26 metres and 32.5 metres respectively of coal seam, including 22.6 metres of continuous coal in each hole. On the basis of proximate analyses,
most of the coal from the two intercepts is ranked, in accordance with standard ASTM-D388, as High Volatile Bituminous C and Sub-Bituminous A. The analyses and rankings confirm the "visual characteristics" reported in the Company's news release dated April 28, 2008."
In the event the applications are successful, Mill Bay plans to diligently explore the acreage.
Mill Bay has several gold properties that are currently being explored, farmed out or joint ventured. See the website for details (www.millbayventures.com).
SEDAR MD & A
Shares Issued 47,349,698
Last Close 3/27/2008 $0.07
Monday March 31 2008 - SEDAR MD & A
This filing is available at:
http://www.stockwatch.com/nocomp/newsit/newsit_sedardoc.aspx?docid=1588693
SEDAR Interim Financial Statements
Shares Issued 47,349,698
Last Close 3/27/2008 $0.07
Monday March 31 2008 - SEDAR Interim Financial Statements
This filing is available at:
http://www.stockwatch.com/nocomp/newsit/newsit_sedardoc.aspx?docid=1588679
Mill Bay grants options to buy 325,000 shares
Friday March 14 2008
Mr. William Glasier reports
STOCK OPTION GRANT
Mill Bay Ventures Inc. has granted incentive stock options for the purchase of up to 325,000 shares at a price of 12 cents per share exercisable on or before March 12, 2013, to officers, employees and consultants of the company.
The options are subject to a stock option plan.
Mill Bay to reprice, extend the terms of warrants
Friday March 07 2008 - News Release
Mr. William Glasier reports
WARRANTS EXTENSION AND RE-PRICING
Mill Bay Ventures Inc. will make an application to amend the terms of the warrants issued pursuant to private placements reported in Stockwatch news dated Jan. 11, 2006, Feb. 8, 2006, and April 17, 2006. The requested amendments extend the original expiry date and reprice the original price
of the warrants as indicated in the table.
Original
expiry date |
Amended
expiry date |
Original
price |
Amended
price |
| March 27, 2008 |
March 27, 2009 |
$0.10 |
$0.10 on or before Sept. 1, 2008
$0.15 on or before March 27, 2009 |
| March 30, 2008 |
March 30, 2009 |
$0.10 |
$0.10 on or before Sept. 1, 2008
$0.15 on or before March 30, 2009 |
| May 30, 2006 |
May 30, 2009 |
$0.125 |
$0.10 on or before Sept. 1, 2008
$0.15 on or before May 30, 2009 |
The agent warrants issued pursuant to these private placements are not included in the requested amendments and will expire in due course. All other terms remain the same.
Mill Bay acquires 212 acres on Valentine Mountain
Tuesday March 04 2008 - News Release
Mr. William Glasier reports
MBV OPTIONS VALENTINE MOUNTAIN PROPERTIES
Further to the previous news release in Stockwatch dated Dec. 19, 2007, Mill Bay Ventures Inc. has acquired a 100-per-cent interest in 212 acres (86 hectares) and an option to acquire a 100-per-cent interest in a further 4,495 acres (1,819 hectares) in the Valentine Mountain area, Vancouver Island, British
Columbia, Canada. Mill Bay has been successful in securing approximately 6,607 acres (2,674 hectares) in the area.
Mill Bay has acquired cell mineral claim 506801 from Beau Pre Explorations Ltd., who will retain a 5-per-cent net smelter return to an end price of $1-million. This claim covers the core portion of the Valentine Mountain developed prospect (B.C. Minfile 092B108), which hosts an historic mineral resource
estimate of 30,660 tonnes at 14.7 grams (0.473 ounce) of gold per tonne. This estimate was completed in 1989, prior to the implementation of National Instrument 43-101 and C.I.M. mineral resource guidelines, and has not been reviewed within the context of those standards and guidelines, and may not meet
them.
Mill Bay has an option period to complete due diligence until April 30, 2008, to acquire five cell mineral claims (528254, 528255, 528258, 528263 and 528265) from Allen L. Vandekerkhove for three million common shares of Mill Bay, subject to the approval of the regulatory authorities. These cell claims
immediately surround those previously acquired by Mill Bay.
The foregoing information has been reviewed by Jacques Houle, PEng, a qualified person pursuant to National Instrument 43-101. Mr. Houle has written reports on and visited the Valentine Mountain area. NEW APPOINTMENT TO THE BOARD OF DIRECTORS
Mr. William Glasier reports
Mill Bay Ventures Inc. has appointed Brad Heinrich to the company's the board of directors.
Mr. Heinrich brings over 25 year of experience in leasing of mines and in real estate development. He has been recently involved in the leasing of four mines (gold, silver, gypsum and tungsten) to a corporation in London. He has also been vice-president and co-owner of Cornerstone Group I, Inc. since
1998, a development company that has developed and/or constructed over 100 retail stores throughout the United States. Cornerstone has also developed other projects ranging in scope for $500,000 to $75-million.
Birch Lake
Mr. William Glasier reports
MILL BAY LEASES MINING CLAIMS
Mill Bay Ventures Inc. has entered into a letter of intent to lease six claims located in Cassumit Lake area, Ont., Canada (the Birch Lake property) covering approximately 230 acres. Under the letter of intent, the company will have 60 days to perform a legal due diligence examination of the title,
the environment and business circumstances surrounding the Birch Lake property. Subject to successful completion of the due diligence and regulatory approval, the company will make the following commitments to the lessor:
| Date |
Payments |
| Within 60 days after execution of the letter of intent. |
$1,000,000 |
| Each anniversary |
10,000,000 common shares to be released according to regulatory authorities 4% NSR or a minimum of $150,000 |
SEDAR MD & A Mill Bay Ventures Inc (C:MBV)
Monday December 31 2007
This filing is available at: http://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00004923
Mill Bay acquires 1,900 acres on Valentine MountainWednesday December 19 2007 - News Release
Mr. William Glasier reports
Mill Bay Ventures Inc. has acquired 100-per-cent interest in approximately 1,900 acres (769 hectares) of B.C. mineral tenures on Valentine Mountain located 42 kilometres west of Victoria, B.C., Canada. Mill Bay Ventures has purchased tenures 528190 (G. Anderson), and 528261 and 528257 (Pfaffenberger),
which are now registered to Mill Bay Ventures.
Regionally the mineral tenures are underlain by metamorphosed pelitic, arenaceous and volcanic rocks of the Leech River formation of Mesozoic age. The rocks of the Leech River formation have undergone regional progressive metamorphism from green schist up to amphibolitic facies and have been deformed
into tight overturned megascopic folds which have axes that trend east-west and plunge easterly.
There is a prominent and continuous east-west-trending structural break that trends across the centre of the properties that is coincident to a corridor of gold mineralization. This break is further defined by gold occurrences, geochemical gold soil anomalies, a major ground magnetic (and airborne
magnetic) linear (that is defined by magnetic lows and highs), and, as well, by coincident strong and pronounced very-low-frequency electromagnetic conductors.
The BN zone, located on mineral tenure 528190, is found on this corridor of gold mineralization, east of the Jordan River, and on the west slope of Valentine Mountain. The area of interest as defined by anomalous in situ gold soil geochemistry, based on the 20-part-per-billion contour and defined
gold-bearing quartz veins, is about 600 metres east-west by up to 300 metres north-south. The area of interest is underlain by west-northwest-trending metasandstone and metagreywacke.
The BN zone contains many of the geological, structural, mineralogical, geophysical and geochemical elements and criteria that define good potential for gold-bearing quartz veins and quartz vein swarms, stockworks and possibly disseminated gold mineralization. This area was explored in limited
fashion in 1999 by Beaupre Explorations, which completed packsack core drilling totalling 290.7 metres over three holes.
The Braiteach zone found on mineral tenures 528190 and 528261, located adjacent and to the west of the BN zone, is defined by a large-area in situ gold soil anomaly and several gold-bearing quartz veins that follow east-west-trending fractures parallel to the foliation of the metasandstone unit.
The showings have been well sampled with extensive diamond drilling of 16 diamond drill holes by Valentine Gold in 1988, and Noranda Explorations in 1999. The holes have returned, with the exception of DDH 88-12, low-grade gold results over narrow intervals. DDH 88-12 returned 7.2 grams per tonne
gold over a drill intercept of 3.0 metres. This drill intercept is on the west side of the Jordan River immediately adjacent to the BN zone. The zone is closed off to the west but is open to the east.
A follow-up exploration program of diamond drilling and other exploration surveys is required to further test the BN exploration target area and the east extension to the Braiteach zone defined by DDH 88-12. Other target areas require ground geological, sampling and geochemical soil surveys.
The foregoing technical information has been compiled by A.A. (Al) Burgoyne, MSc, PEng, a qualified person pursuant to National Instrument 43-101. Mr. Burgoyne has supervised drilling and written several reports of the area.
Mill Bay appoints Bales CFO
Wednesday October 17 2007 - News Release
Mr. William Glasier reports
MILL BAY VENTURES APPOINTS NEW CFO
Mill Bay Ventures Inc. appointed, at its annual general meeting held on Oct. 16, 2007, Kevin Bales as chief financial officer of the company. Mr. Bales graduated in 1991 from the University of Lethbridge with a bachelor of management and a major in accounting. He has been with the company since 2005
and has over 15 years of financial reporting experience in the information technology and mining industries.
SEDAR Audited Annual Financial Statements
These documents are in PDF format.
SEDAR MD & A
SEDAR INTERIM FINANCIAL STATEMENTS
Mill Bay partner CMQ starts drilling in Nevada
2007-09-26 11:26 ET - News Release
Also News Release (C-CMQ) CMQ Resources Inc
Mr. William Glasier of Mill Bay reports
CMQ RESOURCES INC. STARTS DRILLING AN UP TO FOUR HOLE EXPLORATION PROGRAM TARGETING THE LOWER PLATE CARBONATES AT VALMY HILL AND NORTHWEST CORRIDOR ON MILL BAY VENTURES' LODE MINING CLAIMS IN NEVADA
CMQ Resources Inc. has started drilling an up to four-hole exploration program targeting the lower-plate carbonates at Valmy Hill and Northwest corridor on Mill Bay Ventures Inc.'s lode mining claims in Nevada.
During the fall of 2006, CMQ Resources completed three holes totalling 4,248 feet of drilling, including 1,441 feet of coring in the Valmy Hill focus area approximately two miles north of Hot Springs North. The Valmy Hill area exhibits surface mineralization that may indicate leakage from potential orebodies in carbonate rocks at depth.
The gold concentrations in these drill holes are not significant commercially, but the thicknesses are very encouraging. CMQ believes that considering the presence of highly altered lower-plate carbonates and the substantial thicknesses of low concentrations of gold, continued nearby exploration could yield significant results.
John Hogg, vice-president of exploration for Vasquir Mines, is a qualified person, as defined by National Instrument 43-101, has approved the above information quoted from CMQ's Jan. 25, 2007, press release in Stockwatch.
Fri, 28 Sep 2007
Subject: Stockwatch: Mill Bay Ventures Inc: SEDAR Interim Financial Statements
SEDAR Interim Financial Statements
Mill Bay Ventures Inc (C:MBV) Shares Issued 47,249,698Last Close 9/28/2007 $0.09Friday September 28 2007 - SEDAR Interim Financial Statements
This filing is available at:
http://www.stockwatch.com/nocomp/newsit/newsit_sedardoc.aspx?docid=1467625
MILL BAY VENTURES INC.
September 26, 2007
CMQ RESOURCES INC. STARTS DRILLING AN UP TO FOUR HOLE EXPLORATION PROGRAM TARGETING THE LOWER PLATE CARBONATES AT VALMY HILL AND NORTHWEST CORRIDOR ON MILL BAY VENTURES’ LODE MINING CLAIMS IN NEVADA
CMQ Resources Inc. reports, “during the fall of 2006, CMQ completed 3 holes totaling 4,248 feet of drilling, including 1,441 feet of coring in the Valmy Hill focus area approximately two miles north of Hot Springs North. The Valmy Hill area exhibits surface mineralization that may indicate leakage from potential ore bodies in carbonate rocks at depth.
The gold concentrations in these drill holes are not significant commercially, but the thicknesses are very encouraging. CMQ believes that considering the presence of highly altered lower plate carbonates and the substantial thicknesses of low concentrations of gold, continued nearby exploration could yield significant results. "
John Hogg, VP of Exploration for Vasquir Mines, is a qualified person, as defined by National Instrument 43-101, has approved the above information quoted from CMQ’s January 25, 2007 press release.
Mill Bay is actively evaluating, acquiring and exploring prospective properties in Canada and the United States. Mill Bay also has gold properties in Bridge River, British Columbia and in the Battle Mountain Trend, Nevada. For more information about current properties, please see website: www.millbayventures.com <http://www.millbayventures.com/>
On behalf of the Board of Directors of Mill Bay Ventures Inc.
William Glasier
William Glasier President
Here is a summary of the contract with CMQ. CMQ has spent a lot of money to date on the said claims. These are deep holes, +- 2000 feet. The website , millbayventures.com, shows a map and pictures of the area. Also, previous information.
Mill Bay leasing Nevada ground to CMQ
Mr. William Glasier of Mill Bay reports
Mill Bay Ventures Inc., through its wholly owned subsidiary Golden Reef Mining Co. Inc., owns certain mining claims known as the E&E group and DH group, consisting of 54 unpatented mining claims, all located in Eureka county, Nevada.
Golden Reef has granted a 10-year mining lease to Vasquir Mines Inc., a subsidiary of CMQ Resources Inc., of the E&E group and the DH group, subject to 3-per-cent net smelter return, in consideration of the following minimum advance royalty payments (in U.S. dollars), CMQ shares and minimum work commitments:
ADVANCE COMMON MINIMUM WORK
| Date |
Royalty |
Stock |
Commitment |
| (Oct. 1)2005 |
$ 35,000 |
100,000 |
Received |
| 2006 |
$ 40,000 |
100,000 |
None Received |
| 2007 |
$ 50,000 |
100,000 |
10,000 ft Received |
| 2008 |
$ 75,000 |
100,000 |
12,000 ft |
| 2009 |
$ 75,000 |
500,000 |
15,000 ft |
Subsequent years $150,000 minimum royalty. The 3% NSR coulb be a lot more per year.
The common stock will be made in the form of CMQ shares valued at 43 Canadian cents.
SEDAR Audited Annual Financial Statements
Fri, 31 Aug 2007
Subject: Stockwatch: Mill Bay Ventures Inc: SEDAR Audited Annual Financial Statements
Mill Bay Ventures Inc (C:MBV) Shares Issued 47,249,698Last Close 8/31/2007 $0.08Friday August 31 2007 - SEDAR Audited Annual Financial Statements
This filing is available at:
http://www.stockwatch.com/nocomp/newsit/newsit_sedardoc.aspx?docid=1453007
Mill Bay begins Reese River gravity survey
Monday August 27 2007 - News Release
Mr. William Glasier reports GRAVITY SURVEY- OUTCROP SAMPLING AT THE AC GOLD PROPERTY-NEVADA
Mill Bay Ventures Inc. has started the Reese River gravity survey on its AC gold project in Nevada. Jim Wright, gravity survey manager, approved Magee Geophysical Services to perform the gravity survey. Geologic mapping and sampling of exposed bedrocks are also under way. The AC claims cover part of a strong regional gravity high in a gravel-covered area along the mountain range front with covered Carlin-type gold deposit exploration potential. Based on positive information, the company anticipates drilling if recommended by Mr. Chevillon, MSc, CPG, project manager.
Mr. Wright, geophysicist, reports: The detailed gravity survey (500-foot by 500-foot grid) is being run over the known gravity high established by past public domain gravity survey data. Subsequent 3-D inversion of the detailed residual gravity data should better define estimated depths to bedrock, identify any areas of cross faults and perhaps areas of low density, potentially altered and mineralized bedrock within the anomaly. Geologic mapping of exposed bedrock includes follow-up sampling of any veined, altered bedrock and is also focusing on documenting any isolated bedrock outcrops within the cover gravels.
Location
The AC claims cover about two square miles at the Northwest extension of the Cortez trend along the west range front of the Shoshone mountain range in Lander county, Nevada. The property is on the highway 40 kilometres south of Battle Mountain.
This news release has been approved by C. Victor Chevillon, MSc, CPG, a qualified person under National Instrument 43-101.
Mill Bay Ventures AC property finder's fee
August 20 2007
This is to confirm that further to the TSX Venture Exchange bulletin dated July 12, 2007, the exchange has been advised by the company of an amendment as follows.
A finder's fee of 100,000 shares is payable to Linton H. Cowan in relation to the AC gold property acquisition.
NEWS RELEASE
July 31, 2007
Mill Bay Ventures Inc. (the “Company”) announces that in connection with the recent option agreement to acquire the AC Gold Property, the Company will issue finders’s fees of 100,000 common shares to an arm’s length finder.
ON BEHALF OF THE BOARD OF DIRECTORS
“William Glasier”
William Glasier, President
The TSX Venture Exchange has not reviewed and does not accept the responsibility for the accuracy or adequacy of this release.
Mill Bay Ventures Inc.
Mill Bay Ventures Inc. (the “Company”) announces that it has entered into an option agreement to acquire 119 mining claims located in Lander County, Nevada, known as the AC Gold Property, covering up to about 2 square miles, more or less, in consideration of paying US$1,500,000 in instalments to the optionor and incurring US$1,500,000 in exploration work on the property over the next 15 years as follows:
Due Date |
Advance Minimum Royalty Payments |
Expenditure Commitments on the Property |
Upon signing |
$ 5,000 |
Nil |
First Anniversary of Approval Date |
$ 15,000 |
$ 10,000 |
Second Anniversary of Approval Date |
$ 25,000 |
$ 25,000 |
Third Anniversary of Approval Date |
$ 40,000 |
$ 50,000 |
Fourth Anniversary of Approval Date |
$ 50,000 |
$100,000 |
Fifth Anniversary of Approval Date |
$ 60,000 |
$100,000 |
Sixth Anniversary of Approval Date |
$ 60,000 |
$250,000 |
Seventh Anniversary of Approval Date |
$ 70,000 |
$250,000 |
Eighth Anniversary of Approval Date |
$ 70,000 |
$240,000 |
Ninth Anniversary of Approval Date |
$ 80,000 |
$ 50,000 |
Tenth Anniversary of Approval Date |
$ 90,000 |
$ 50,000 |
Eleventh Anniversary of Approval Date |
$100,000 |
$ 50,000 |
Twelfth Anniversary of Approval Date |
$100,000 |
$ 50,000 |
Thirteenth Anniversary of Approval Date |
$100,000 |
$ 50,000 |
Fourteenth Anniversary of Approval Date |
$100,000 |
$ 50,000 |
Fifteenth Anniversary of Approval Date |
$535,000 |
$175,000 |
Total |
$1,500,000 |
$1,500,000 |
The Company has also granted to the optionor a 3% net smelter returns royalty, of which the Company has the option to buy-down one-third (i.e. 1%) at any time for the payment of US$1,000,000.
The transaction is subject to the acceptance for filing by the TSX Venture Exchange.
ON BEHALF OF THE BOARD OF DIRECTORS
“William Glasier”
William Glasier, President
Mill Bay enters LOI with Meridian for Golden Repeat
2007-06-27 15:56 ET - News Release
Mr. William Glasier reports
Mill Bay Ventures Inc. and its wholly owned subsidiary, Golden Reef Mining Co., have entered into a letter of intent with Meridian Minerals Corp. for the exploration and earn-in of the Golden Repeat claims. Within 180 days of acceptance of the letter of intent, Mill Bay and Meridian will subscribe to an exploration and earn-in agreement in consideration of the following minimum payments and exploration expenditures:
Date
Execution
First anniversary
Second anniversary
Third anniversary
Fourth anniversary |
Payment
$75,000
$100,000
$200,000
$300,000
$1,000,000 |
Expenditures
-
$200,000
$300,000
$400,000
$500,000 |
Within 90 days after the completion of the payments and expenditures, Meridian will have earned a 51-per-cent interest in the Golden Repeat claims and Mill Bay and Meridian will enter into a formal joint venture. Meridian will have the option to increase its interest in the joint venture from 51 per cent to 70 per cent by paying $2-million to Mill Bay within 90 days of the formation of the joint venture.
Upon commencement of commercial production of the Golden Repeat claims, Mill Bay shall be entitled to receive from Meridian a net smelter return royalty for gold and gold equivalents mined and sold from the Golden Repeat claims, according with the included gold information:
Price of ounce/gold
<300
300-375
376-450
451-5525
>525 |
NSR
2.0%
2.5%
3.0%
3.5%
4.0% |
Mill Bay shall also be entitled to receive from Meridian since the first anniversary of the formation of the joint venture a yearly advance NSR cash payment of $100,000. The advance NSR will be increased yearly by $100,000 to a maximum of $300,000. Advance NSR will be credited and deducted for any NSR payable to Mill Bay starting commercial production of the Golden Repeat claims.
Meridian will have 120 days following the effective date of the letter of intent to perform legal due diligence examination of the title of the project and the environment and business circumstances surrounding them and if Meridian is dissatisfied with the results of its examination, Meridian may terminate the offer.
Mill Bay JV partner CMQ to drill four more holes
June 21 2007 - News Release
Also CMQ Resources Inc (C:CMQ) News Release
Mr. William Glasier of Mill Bay reports
CMQ RESOURCES INC. HITS LOWER PLATE CARBONATES AT VALMY HILL ON MILL BAY VENTURES' LODE MINING CLAIMS IN NEVADA IN 2006.
Mill Bay Ventures Inc. has been notified by its partner, CMQ Resources Inc., that it plans to drill four more holes this year. Drilling is planned to be completed by Nov. 15, 2007.
CMQ Resources reports, "During the fall of 2006, CMQ completed three holes totalling 4,248 feet of drilling, including 1,441 feet of coring in the Valmy Hill focus area, approximately two miles north of Hot Springs North. The Valmy Hill area exhibits surface mineralization that may indicate leakage from potential orebodies in carbonate rocks at depth.
"The gold concentrations in these drill holes are not significant commercially, but the thicknesses are very encouraging. CMQ believes that considering the presence of highly altered lower plate carbonates and the substantial thicknesses of low concentrations of gold, continued nearby exploration could yield significant results."
John Hogg, vice-president of exploration for Vasquir Mines, a qualified person, as defined by National Instrument 43-101, has approved this press release.
CMQ RESOURCES INC. HITS LOWER PLATE CARBONATES AT VALMY HILL
ON MILL BAY VENTURES¹ LODE MINING CLAIMS IN NEVADA
Date: February 7 , 2007
CMQ Resources Inc. reports, ³during the fall of 2006, CMQ completed
3 holes totaling 4,248 feet of drilling, including 1,441 feet of coring
in the Valmy Hill focus area approximately two miles north of Hot Springs
North. The Valmy Hill area exhibits surface mineralization that may indicate
leakage from potential ore bodies in carbonate rocks at depth.
The gold concentrations in these drill holes are not significant commercially,
but the thicknesses are very encouraging. CMQ believes that considering
the presence of highly altered lower plate carbonates and the substantial
thicknesses of low concentrations of gold, continued nearby exploration
could yield significant results.
Drill hole V06-05, CMQ's first hole in the Valmy Hill focus area, was
completed to a depth of 2,023 feet. This hole was originally targeted for
a total depth of 1,600 feet and was not expected to encounter the sought-after
lower-plate carbonate formations for at least the first thousand feet.
CMQ was very encouraged to find that drilling encountered highly carbonaceous
lower plate dolomitic siltstones and mudstones from approximately 180 feet
and continuing to the total depth drilled. The hole was drilled using a
mud rotary system to 1,680 feet and with core drilling thereafter. From
approximately 1,850 feet to 1,980 feet, the observed core was highly altered
and appeared to have experienced significant fluid transmission, dissolution
and collapse. Eight geochemically anomalous intervals (from 11 ppb to 432
ppb gold) occur from five to 190 feet in thickness, the best interval being
a continuous 60-foot interval from 130 to 190 feet in depth averaging 299
parts per billion gold. For this section of the hole 10-foot intervals
were sampled using mud rotary drilling methods.
Drill hole V06-06 was drilled to a depth of 1,162 feet, where the hole
was terminated due to severe caving. The mud rotary portion of the hole
was drilled to a depth of 760 feet, and from 760 feet to 1,162 feet was
cored. Lower-plate dolomite was encountered at a depth of 650 feet. From
760 feet to the bottom of the hole, decalcified micritic limestones, muddy
limestones, black carbonaceous limestones, mudstones, and limestones with
significant debris flows and collapse breccias occur, with some intervals
containing up to 5% pyrite. The hole contained a 20-foot interval from
110 to 130 feet averaging 356 ppb gold. The samples were 10-foot samples
acquired by mud rotary drilling methods.
Drill hole V06-07 was completed to a depth of 1,063 feet, where the hole
was terminated due to severe caving. Mud rotary drilling methods were used
to a depth of 367 feet, and the hole was continued using coring to the
depth of 1,063 feet. The hole was drilled in conglomerates, cherts, siltstones,
quartzites, sandstones, siltstones and minor limestones to a depth of 1,035
feet, where lower-plate decalcified, moderately silicified and highly carbonaceous
mudstones were encountered. These sediments continued to the bottom of
the hole. This hole was again geochemically anomalous in gold and other
Carlin-suite elements over long intervals.²
MBV's Sept. 26 press release covers CMQ's exploration program
and the approved drill sites. Drill holes VO6-05-06-07 are on MBV's leased
land to CMQ. MBV receives annual payments , CMQ shares and a 3% NSR is
tied to the property. See details of the agreement on MBV's website.
www.millbayventures.com
John Hogg, VP of Exploration for Vasquir Mines, is a qualified person,
as defined by National Instrument 43-101, has approved the above information
quoted from CMQ¹s Jan. 25/07 press release.
Mill Bay is actively evaluating, acquiring and exploring prospective properties
in Canada and the United States. Mill Bay also has gold properties in Bridge
River, British Columbia and in the Battle Mountain Trend, Nevada. For more
information about current properties, please see website: www.millbayventures.com <http://www.millbayventures.com>
On behalf of the Board of Directors
of Mill Bay Ventures Inc.
³William Glasier²
William Glasier
President
SEDAR Interim Financial Statements
Date: Fri, 22 Dec 2006 13:06:46 +0000 (UT)
Mill Bay Ventures Inc (C:MBV) Shares Issued 44,999,698Last Close 12/21/2006 $0.07Thursday
December 21 2006 - SEDAR Interim Financial Statements
This filing is available at:
http://www.stockwatch.com/nocomp/newsit/newsit_sedardoc.aspx?docid=1256231
SEDAR MD A
Date: Fri, 22 Dec 2006 13:06:47 +0000 (UT)
Mill Bay Ventures Inc (C:MBV) Shares Issued 44,999,698Last
Close 12/21/2006 $0.07Thursday December 21 2006 - SEDAR
MD & A
This filing is available at:
http://www.stockwatch.com/nocomp/newsit/newsit_sedardoc.aspx?docid=1256234
Mill Bay acquiring 16 claims in Nevada
Mill Bay Ventures Inc (C:MBV) Shares Issued 44,999,698Last Close 11/14/2006
$0.105Tuesday November 14 2006 - Property Agreement
The TSX Venture Exchange has accepted for filing a letter agreement dated
March 24, 2006, between Mill Bay Ventures Inc., and Boss Sand & Rock
Inc. and Lee Canyon Mining Company LLC, pursuant to which the company will
purchase a 100-per-cent interest in 16 placer mining claims in Clark county,
Nevada, United States. The claims will be held by Golden Reef Mining Inc.,
a 100-per-cent-owned Nevada subsidiary of the company. Dale Andersen, a
director of the company, is also a principal shareholder and director of
the vendors. For more information on the property, please refer to the
company's news release of Oct. 13, 2006.
To earn its interest in the joint venture, the company will issue 2.2
million common shares to the vendors and make a cash payment of $128,000
(U.S.). No finder's fee is payable.
Mill Bay leasee completes first hole at Valmy
Hill
November 6, 2006 - News Release
Mr. William Glasier reports
FIRST DRILL HOLE SHOWS ENCOURAGING RESULTS ON MILL BAY VENTURES'
LODE MINING CLAIMS IN NEVADA LEASED TO CMQ RESOURCES INC.
Drilling of CMQ Resources Inc.'s first hole in the Valmy Hill
focus area, approximately two miles north of Hot Springs North,
was completed on Nov. 3, 2006, to a depth of 2,023 feet, on
land leased from Mill Bay Ventures Inc.
The Valmy Hill area exhibits surface mineralization which
may indicate leakage from potential orebodies in carbonate
rocks at depth. This first hole was originally targeted for
1,600 feet and expected to encounter volcanics and the Valmy
formation for at least the first 1,000 feet. Drilling encountered
highly carbonaceous dolomitic siltstones and mudstones from
approximately 180 feet and continuing to the total depth drilled.
The hole was drilled using a mud rotary system to 1,680 feet
and with core drilling thereafter. From approximately 1,850
feet to 1,980 feet the observed core was highly altered and
appeared to have experienced significant fluid transmission,
dissolution and collapse, important characteristics of Carlin-type
carbonate-hosted gold deposits.
CMQ is very encouraged by the early indications of this drilling
and final assay results should be available in January, 2007,
from ALS-Chemex. Two more holes are expected to be completed
in the Valmy Hill focus area in 2006, weather permitting. John
Hogg, vice-president, exploration, Vasquir Mines, is a qualified
person, as defined by National Instrument 43-101, and has approved
this press release.
Mill Bay files Ivanpah technical report on
SEDAR
October 13 2006 - News Release
Mr. William Glasier reports
Further to the company's news in Stockwatch on May 4, 2006,
announcing that it had entered into an agreement to acquire
16 placer mining claims located in Clark county, Nevada, known
as the Ivanpah property, for the payment of 2.2 million common
shares of the company and $128,000 (U.S.), the company has
now filed an NI-43-101-compliant technical report dated Oct.
4, 2006, on the Ivanpah property on SEDAR. The report was prepared
by Frederick C. Johnson, PGeo, who is the qualified person
for the project.
The related party vendors of the Ivanpah property are Boss
Sand & Rock, Inc. and Lee Canyon Mining Company, LLC. Dale
Andersen, a director of the company, is also a principal shareholder
and director of the vendors. The shares to be issued to the
related party vendors for the acquisition will be subject to
escrow restrictions as required by the TSX Venture Exchange,
and released in instalments over the next six years.
The Ivanpah property has a potential inferred mineral deposit
of sand and gravel, estimated to be approximately 77.4 million
cubic yards. This estimate is based upon the existence of a
broad alluvial drainage with surface exposures of more than
15 feet deep, two closely spaced drill holes that show 150
to 200 feet of gravel depth, the existence of an operating
sand and gravel quarry adjacent to the Ivanpah property with
the same drainages, and surface sampling that indicated good
quality gravel. Accordingly, the estimate is only conceptual
in nature. There has been insufficient exploration to define
a mineral resource, and it is uncertain if further exploration
will result in the target being delineated as a mineral reserve.
Interested persons are referred to the complete text of the
technical report for further information.
The company must also apply for and obtain a sand and gravel
extraction permit from the Bureau of Land Management (BLM),
which has the authority to sell or dispose of the sand and
gravel for a royalty (usually $1.00 (U.S.) per cu. yard), in
order to commence any commercial sand and gravel mining operations
on the Ivanpah property. In the U.S., the holder of mining
claims can apply to the BLM for permission to purchase and
dispose of the sand and gravel on such claims, provided that
the applicant submits a report from a geologist or mining engineer
that describes the proposed disposal and its location, sets
out a preliminary draft mining plan and the claimholder also
waives any interference with work on any other potential mineralization
on the claims. The company has requested a sand and gravel
purchase from the BLM for two of the claims comprising the
Ivanpah property, which is currently under review, and the
company prepared to waiver this area for sand and gravel extraction.
The transaction has received conditional acceptance, and is
subject to the final acceptance for filing by the TSX Venture
Exchange.
SEDAR Interim Financial Statements
Mill Bay Ventures Inc (C:MBV) Shares Issued 44,999,698Last Close 9/27/2006 $0.065Friday
September 29 2006 - SEDAR Interim Financial Statements
This filing is available at:
http://www.stockwatch.com/nocomp/newsit/newsit_sedardoc.aspx?docid=1197247
SEDAR MD A
Mill Bay Ventures Inc (C:MBV) Shares Issued 44,999,698 Last Close 9/27/2006 $0.065Friday
September 29 2006 - SEDAR MD & A
This filing is available at:
http://www.stockwatch.com/nocomp/newsit/newsit_sedardoc.aspx?docid=1197251
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