October 03, 2006 at 07:05 AM EDT
Irwin Energy to Re-Open the Historic Mayflower Mine
Irwin Energy (PINK SHEETS:IWNE) today announced that its wholly owned subsidiary, Mayflower Explorations Inc., has retained Tetra Tech, Inc. of Bozeman, Montana to provide Project Management and Technical Consulting services to oversee the reopening, exploration and development of the Mayflower Mine located near Whitehall, Montana.
Surface exploration of potential extensions of the mineralized zones along the Mayflower fault zone will be undertaken beginning in late October and early November of this year using detailed IP and resistively surveys. Initial underground activities at the Mayflower Mine will include electrical and mechanical checks of the substation, hoist, head frame, shaft and compressor and pumping facilities prior to dewatering and as a preliminary to an underground exploration program along the 600 level to commence in early in 2007.
About The Mayflower Mine
The historic Mayflower Mine was discovered in the 1890’s and operated as a high-grade gold and silver producer into the 1900’s. The Anaconda Company operated the Mayflower Mine from 1935 to 1942. Subsequently, it was mined under a lease agreement with Anaconda from 1958-1961. In the mid-1990s Brimstone Mining, Inc. rehabilitated the Mayflower Mine to the 1500 level and explored for and developed additional high-grade underground reserves. Through 1961 the Mayflower Mine has produced over 225,000 ounces of gold and over 875,000 ounces of silver from about 143,700 tons of ore. The average grade of ore produced was about 1.556 ounces of gold per ton and 6.15 ounces of silver per ton. Additional information on the Mayflower Mine can be found at www.brimstonemine.com.
About Irwin Energy
Irwin Energy is a junior resource company based in Vancouver, B.C. Irwin Energy engages in the acquisition, exploration and development of resources properties with the intent to prove up oil and gas reserves and mineral deposits. Irwin Energy seeks out low-risk opportunities to develop positive cash flow from proven and probable resource properties where prior exploration has been successful. Irwin Energy plans to grow exclusively through the efficient reinvestment of its internally generated cash flow and through limited external financing, which it plans to utilize to build ancillary businesses
Additional information on Irwin Energy, Inc. and Mayflower Mining Corp. can be found at www.irwinenergy.com.
Safe Harbour Statement Under the Private Securities Litigation
Except for historical information contained herein, the matters discussed in this press release are forward-looking statements that involve risks and uncertainties, including but not limited to economic, competitive, governmental and technological factors affecting the company's operations, markets, products and prices and other factors discussed in the company's various filings with the Securities and Exchange Commission.
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