Mineral Mountain Resources Ltd. and its subsidiary Mineral Mountain
Resources (SD) Inc. (“
Mineral Mountain” or the
“
Companies”) (TSXV:MMV) (OTCQX:MNRLF) report that
the drilling has begun on the Standby Mine property situated near
the town of Rochford, in the Black Hills of South Dakota. As
reported previously, three (3) NQ diamond drill holes, ST18-001,
ST18-002 and ST18-003 totaling 1,322m have been completed and
previously reported.
An important positive observed from the first
three holes was that the Au grades and widths encountered in the
only very shallow drilling to date by the Mineral Mountain on the
Standby system, along with the consistent 30m widths of intense
quartz flooding – hydrothermal chlorite alteration – remobilized
pyrrhotite – arsenopyrite alteration, are highly encouraging. The
more than doubling of gold grade over similar widths, along with
the dramatic increase in arsenopyrite, from ST18-002 to ST18-003,
provides a strong vector toward higher grade gold mineralization
down plunge of this section.
The first drill hole, ST18-004, is planned to
undercut the 30m wide mineralized structure approximately 100m down
plunge of ST18-003. In support of this next round of drilling, the
Company plan to utilize a state-of-the art Borehole EM Survey
(TDEM-Time Domain EM) designed to locate the highest conductivity
zones in the footwall and the hangingwall rocks to the iron
formation, along the major shear structures, and help target our
future drilling structurally low in the iron formation where it is
first cut be a shear structure. At Homestake, this is where many of
the orebodies are spatially located. This cutting edge survey is
planned to be initiated after the completion of ST18-004 by
Discovery Geophysics International. This valuable real time survey
data will provide precise drill hole locations within the Standby
Mine patents.
Qualified Persons
The technical information in this news release
has been prepared in accordance with Canadian regulatory
requirements set out in National Instrument 43-101 and reviewed and
approved by Nelson W. Baker, P. Eng., President and CEO of Mineral
Mountain Resources Ltd. and a Qualified Person for this
project. All exploration activities at the Rochford Project
are carried out under the strict supervision of Kevin Leonard,
P.Geo. also a Qualified Person for this project.
About Mineral Mountain Resources and the
Rochford Gold Project
Mineral Mountain Resources Ltd., through its
wholly owned subsidiary Mineral Mountain Resources (SD) Inc., is
focused on the exploration of its 100%-owned Rochford Gold
Project situated along the highly prospective
Homestake Gold Belt in the Black Hills of South
Dakota, U.S.A. The Rochford Project covers approximately
7,500 acres and straddles three major trends of structurally
thickened auriferous iron formation that host ledge-type gold
mineralization.
Since 2013, the Company has continued to expand
its land position in the Rochford gold district by professional
claim staking and also by purchasing strategically located private
properties that fall along two of the major sub-parallel structural
trends that host Ledge-type gold mineralization. The Company
now owns the largest land position in the Rochford greenstone belt
and now possesses by far the largest and most comprehensive
database for the district in modern day exploration history! The
Rochford Project is vastly under-explored and has the potential to
host several district scale gold discoveries.
On Behalf of the Board of Directors
MINERAL MOUNTAIN RESOURCES LTD.
“Nelson W. Baker”, President and CEO
For further information, please contact:
Brad Baker,
Vice-President Corporate Development & Director |
(604) 714-0111 |
info@mineralmtn.com |
Or visit our
website: |
www.mineralmtn.com |
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.
Often, but not always, forward-looking
information can be identified by the use of words such as “plans”,
“planning”, “planned”, “expects” or “looking forward”, “does not
expect”, “continues”, “scheduled”, “estimates”, “forecasts”,
“intends”, “potential”, “anticipates”, “does not anticipate” or
“belief” or describes a “goal” or variation of such words and
phrases or state that certain actions, events or results “may”,
“could”, “would”, “might” or “will” be taken, occur or be
achieved.
Forward-looking information is based on a number
of material factors and assumptions, including, the result of
drilling and exploration activities, that contracted parties
provide goods and/or services on the agreed timeframes, that
equipment necessary for exploration is available as scheduled and
does not incur unforeseen break downs, that no labour shortages or
delays are incurred, that plant and equipment function as
specified, that no unusual geological or technical problems occur,
and that laboratory and other related services are available and
perform as contracted. Forward-looking information involves known
and unknown risks, future events, conditions, uncertainties and
other factors which may cause the actual results, performance or
achievements to be materially different from any future results,
prediction, projection, forecast, performance or achievements
expressed or implied by the forward-looking information. Such
factors include, among others, the interpretation and actual
results of current exploration activities; changes in project
parameters as plans continue to be refined; future prices of gold;
possible variations in grade or recovery rates; failure of
equipment or processes to operate as anticipated; the failure of
contracted parties to perform; labour disputes and other risks of
the mining industry; delays, due to third party opposition, in
obtaining governmental approvals or financing or in the completion
of exploration, as well as those factors disclosed in the company's
publicly filed documents. Although the Company has attempted to
identify important factors that could cause actual actions, events
or results to differ materially from those described in
forward-looking information, there may be other factors that cause
actions, events or results not to be as anticipated, estimated or
intended. There can be no assurance that forward-looking
information will prove to be accurate, as actual results and future
events could differ materially from those anticipated in such
statements. Accordingly, readers should not place undue reliance on
forward-looking information.
Mineral Mountain Resources (TSXV:MMV)
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