VANCOUVER, BC, Sept. 1, 2021 /CNW/ - Mineral Mountain Resources
Ltd. ("Mineral Mountain" or the "Company") (TSXV:
MMV) (OTCQX: MNRLF) (FRANKFURT: M8M) is pleased to provide the
following update on the Company's Rochford Gold Project located in
the world's richest BIF hosted gold belt. The Rochford Gold Project
offers district scale potential in the most underexplored orogenic
gold province in the world.
Banded iron formation-hosted gold deposits are attractive
exploration targets thanks to their potential for large,
district-scale mining and rank highly as unique exploration
targets. In the Company's Rochford Gold Project, it's 100%-owned
Standby Mine 200m wide by
1800m long BIF hosted gold system,
the down plunge extension of the Cochrane deposit and the newly acquired Black
Eagle-King of the West Trend have promising discovery potential. In
July,2020, the Company commissioned SRK Consulting (Canada) Inc. to complete a regional structural
geological interpretation of electromagnetic and magnetic data
acquired from the Company's two helicopter-borne geophysical
surveys that may impact the distribution of gold mineralization at
a regional scale. Based on the SRK interpretation several critical
insights were observed:
- Historically the Rochford and Homestake districts were
adjacent. Restoration of a 14 km offset along the regional
Homestake shear zone directly juxtaposes the two camps and connects
their hosting camp-scale antiforms into a single structure
- In both camps, gold mineralization is hosted in lithologically
similar iron formation
- Although the iron formations are different in age in the two
camps, the age of the gold mineralization and overall structural
controls to ore bodies, are identical.
Currently, the Company controls a significant land position
consisting of 7,858 acres consisting of 476 unpatented BLM lode
claims renewed to September 1, 2022
and 9 patented mineral claims making up the 100%-owned Standby Mine
property.
STANDBY MINE TARGET
Mineral Mountain's proposed 2021 drilling program will focus on
the Standby Mine Target and is fully permitted for drilling,
subject to financing and COVID-19 restrictions. The 9,000-meter
drilling program as currently constituted will be focused on three
target areas in general:
- Target Area One: Several additional holes around MMV hole
ST18-006, which cut 43.5 m @
1.21 g/t Au.
- This hole was near historic drill hole BLG-UG-03 that
cut 25.91 m @ 3.19 g/t Au,
including 10.67 m @ 5.14 g/t
Au.
- These intercepts were 100-150
m below surface and represent the opportunity to
outline a near-surface high grade ore shoot in the
Upper Tail environment.
- Target Area Two:
- Down dip and down-plunge of a near massive intersection of
arsenopyrite in the Poverty Gulch Formation intersected in
MMV hole ST19-011 (6.09 m @ 1.81
g/t Au.
- Mineralization of this type is rare and unusual and likely
represents structurally controlled leakage from a better gold
zone.
- Where the arsenopyrite-rich shear zone cuts the underlying
iron formation is potentially a high-grade Ore Centroid drill
target.
- Target Area Three:
- Drill test the down-plunge area between Target Two and
3.05 m @ 10.23 g/t
Au intersected 1,000 and 1800 m down plunge,
Finally, the Rochford Gold Project is located in a
well-established mining district with a long history of operating
mines. The district is blessed with above average infrastructure
and year-round drilling potential. Our Company's technical
leadership boasts unrivaled geologic expertise in iron
formation-hosted gold deposits.
On Behalf of the Board of Directors
MINERAL MOUNTAIN RESOURCES LTD.
"Nelson W. Baker", President and CEO
Forward looking information
This release contains "forward-looking information" within the
meaning of applicable Canadian securities legislation
("Forward-looking information"). Forward-looking information
includes, but is not limited to, statements that address
activities, events or developments that the Company expects or
anticipates will or may occur in the future, including such things
as future business strategy, competitive strengths, goals,
expansion, growth of the Company's businesses, operations, plans
and with respect to exploration results, the timing and success of
exploration activities generally, permitting time lines, government
regulation of exploration and mining operations, environmental
risks, title disputes or claims, limitations on insurance coverage,
timing and possible outcome of any pending litigation and timing
and results of future resource estimates or future economic
studies.
SOURCE Mineral Mountain Resources Ltd.