Mr. Nelson Baker reports
MINERAL MOUNTAIN PLANS PHASE 2 DIRECTIONAL DRILL PROGRAM TO TARGET DEEP HIGH GRADE CENTROIDGOLD ZONE
Mineral Mountain Resources Ltd. and its subsidiary Mineral Mountain Resources (SD) Inc. have completed their first phase program of nine holes totalling 2,937 metres (9,637 feet), all focused in the Upper Tail gold mineralization hosting the historical Standby mine. A 4,000 m phase 2 program, targeting the high-grade gold intersection by Homestake in 1987, which ran 10.29 grams per tonne Au over 3.05 m (SM87-3A) and employing state-of-the-art directional drilling technology is being planned.
Nelson W. Baker, president and chief executive officer, commented: "Our phase 1 drilling has solidified our belief that the Standby target is of sufficient scale (multikilometre plunge length of structurally thickened iron formation) to host a major ore-bearing structure on the scale of the Homestake 9-Ledge that produced 9.5 million ounces of gold."
Mineral Mountain's drilling to date has defined a gold-bearing, near-vertical shear zone (East Limb structure) in iron formation, approximately 30 m wide, this prominent structure has been traced for over 700 metres including BHEM down hole geophysics in the company's phase 1 drilling. This wide, well-defined, upper tail structure continues down plunge to a number of deep holes as far down as 1.5 kilometres, where between 1986 to 1987, Homestake intersected centroid-type gold mineralization.
Directional drilling
Using a steerable wireline core barrel, this method significantly reduces the cost by hitting targets quicker and more accurately than the traditional method used in phase 1 of the company's drilling program. By making multiple branches from a pilot hole, it dramatically reduces both the time spent and cost. A major benefit to directional drilling is that this method is amenable to multiple highly accurate crosscuts off the pilot hole to penetrate the main mineralized shear zone down plunge. This pilot hole will greatly improve the geological data that will be collecting as the company probes this hole with state-of-the-art BHEM technology. This technology has the capability to see up to 400 m off hole as the company side tracks the mineralized structure down plunge toward the high-grade gold zone. This BHEM can also see localized conductive responses directly associated with highly sulphidic gold mineralization.
Status of current results
The 26 m wide East Limb structure was intersected in drill hole ST18-007 230 metres down plunge from ST18-006. A wide interval of anomalous, subeconomic gold mineralization ranging up to 1.22 g/t Au was recorded within the prominent structure. This hole was terminated at a depth of 540.0 metres and, as previously reported, and was successful in intersecting multiple intervals of highly contorted, folded, highly mineralized iron formation with variable concentrations of pyrrhotite, pyrite and arsenopyrite mineralization.
Analytical results are still to come for drill hole ST18-008 and ST18-009. Both holes were designed to intersect a strong down hole EM response that was recorded near the western edge of the East Limb structure west of historical drill hole BLG-UG3 (3.36 g/t Au over 24 metres) and Mineral Mountain's ST18-006 (2.12 g/t Au over 20 metres). Drill hole ST18-008 was aborted early due to blocky terrain and ST18-009 was drilled to 207 m. Assays are expected soon for ST18-009.
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, PEng, the president and chief executive officer of Mineral Mountain Resources and a qualified person for this project. All exploration activities at the Rochford project are carried out under the strict supervision of Kevin Leonard, PGeo, also a qualified person for this project.
About Mineral Mountain Resources Ltd. and the Rochford gold project
Mineral Mountain Resources, through its wholly owned subsidiary Mineral Mountain Resources (SD) Inc., is focused on the exploration of its 100-per-cent-owned Rochford gold project situated along the highly prospective Homestake gold belt in the Black Hills of South Dakota. 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.
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