Mineral Mountain Intersects 21.0 m Wide (68.8 ft) "East Limb Structure" in ST18-007
VANCOUVER, British Columbia, Aug. 28, 2018 (GLOBE NEWSWIRE) -- Mineral Mountain Resources Ltd. and its subsidiary Mineral Mountain Resources (SD) Inc. (“Mineral Mountain” or the “Companies”) (TSX.V: “MMV”) (“OTCQX: MNRLF”) report that drill hole ST18-007 was terminated at a depth of 510 meters (1,673.2 ft.) and was successful in intersecting multiple intervals of highly contorted, folded, mineralized iron formation with variable concentrations of pyrrhotite, pyrite and arsenopyrite mineralization. The deepest interval was between 461.77 – 483.11 meters down hole, a 21m (68.89 ft.) wide highly deformed zone in iron formation, interpreted to be the East Limb Structure, interpreted to be the down plunge extension of the steeply plunging high grade shoot intersected in ST18-006 previously reported in a news release dated August 9, 2018. The deepest interval of mineralized iron formation is 230 m (754.5 ft.) down plunge of ST18-006. Core samples have been submitted to ALS Chemex in Vancouver for analysis.
Drill hole ST18-008 was started on August 25, 2018 and is designed to intersect a strong EM response that falls within the high grade gold shoot that hosts the historical drill hole BLG-UG3 (3.36 g/t Au over 24 m (78.74 ft.) and Mineral Mountain’s ST18-006 (2.12 g/t Au over 20 m (65.6 ft). The total depth of drill hole ST18-008 is expected to be 300 m (984.2 ft). (see target pierce point in longitudinal section, a cross section, and a 3D Isometric View of the EM conductor posted on the Company’s website (www.mineralmtn.com).
Nelson Baker, President and CEO for the Company, commented: “With seven holes now completed we have intersected significant intervals of Homestake-style gold mineralization in 6 out of 7 drill holes completed in this campaign.”
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. the 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 2012, the Company, through its wholly owned subsidiary Mineral Mountain Resource (SD) Inc., has spent over $10 million US in gold exploration in the Black Hills of South Dakota, controls 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 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 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.