Abundant Visible GOLD Panned Near Historical Workings of Mineral Mountain'S Newly Acquired KING of the WEST Deposit Mmv-TSX-V Mnrlf-OTCQB M8M:FRANKFURT 7858-ACRE Land Position Hosts 5 Large-Scale GOLD Targets
ABUNDANT VISIBLE GOLD PANNED NEAR
HISTORICAL WORKINGS OF MINERAL
MOUNTAIN'S NEWLY ACQUIRED KING OF
THE WEST DEPOSIT
MMV-TSX-V
MNRLF-OTCQB
M8M:FRANKFURT
7858-ACRE LAND POSITION HOSTS 5 LARGE-SCALE GOLD TARGETS
VANCOUVER, BC
,
April 25, 2022
/CNW/ - Mineral Mountain Resources Ltd. ("
Mineral Mountain
"
or the "
Company
)
(
TSXV: MMV) (OTCQB: MNRLF) (M8M-
FRANKFURT
) is pleased to report that
during a recent reconnaissance mapping program conducted along the 3.5-km-long King of the West
Trend, an approximately 30-kg sample of weathered mineralized banded iron formation ("BIF")
collected from an historic open cut at the
King of the West
deposit and described in the Company's
News Release dated
June 28, 2021
recovered an impressive number of gold grains of variable sizes
(see
attached photo below
). In addition, several grab samples of mineralized mill tailings were
collected and panned, with all yielding recoverable native gold grains. The purpose of this sampling
exercise was to verify the historical reports of high-grade gold mineralization produced from the
historical workings.
ABUNDANT VISIBLE GOLD PANNED NEAR HISTORICAL WORKINGS OF MINERAL
MOUNTAIN’S NEWLY ACQUIRED KING OF THE WEST DEPOSIT 7858-ACRE LAND POSITION
HOSTS 5 LARGE-SCALE GOLD TARGETS (CNW Group/Mineral Mountain Resources Ltd.)
Following the completion of two (2) helicopter-borne EM, magnetic and resistivity surveys completed
by the Company, a regional structural geological interpretation of the electromagnetic and magnetic
data and subsequent field mapping, a total of
five
large bodies of banded iron formation (BIF), all
carrying economic concentrations of gold mineralization were outlined from the surveys and are
considered to have many similarities to the Homestake Mine deposit (see
Figure 2
). Each of the BIF
bodies have sufficient volume and scale of mineralized iron formation to host large gold resources
and are high priority, underexplored gold targets. The most advanced gold target, the Standby Mine
gold system (
Target 1)
, will be described in detail in a subsequent release. The following is a
description of
Targets 2 to 5
:
Target 2 -Cochrane Mine Deposit
The Cochrane Mine contains a historic
non-compliant resource of 268,000 ounces grading 6.3
g/t Au from surface to a depth of 165 meters
. This strongly mineralized structure, along with
several adjoining structures with known gold mineralization, plunges onto MMR claims and the
company controls as much as 1,500 meters of the down-plunge extent on these favorable ledge-
type targets. The deepest hole at Cochrane, located just 100 meters from the boundary with MMR
claims, yielded
5.03 m
@ 10.04 g/t Au,
2.44 m
@ 10.25 g/t Au and
2.74 m
@ 10.87 g/t Au
.
Application to drill the down plunge extension of the Cochrane deposit is in progress.
Target 3 - King of the West Trend
The recently staked King of the West Trend contains several small historic high-grade gold
producers over a 3.5 km strike within iron formation that have never been previously evaluated as a
single gold system. The King of the West Mine was worked from 1900 and 1935, reportedly
producing >1,500 ounces of gold at an average grade of ~7 g/t Au from a number of shallow open
cuts and subsurface workings to a maximum depth of just 45 meters. An ore shoot exposed at
surface in a small open cut sampled by Homestake Mining Co. geologists in 1926 averaged
8.15 g/t
Au over a width of 9.1 meters
. This mineralization was followed from surface to a depth of 90
meters through shallow rotary drilling and found to consist of two parallel ore shoots 3 to 6 meters in
thickness grading 4.7 to 7.8 g/t Au. Results of three rotary drill holes known to Mineral Mountain
include
6.1 m
@ 5.88 g/t Au,
3.05 m
@ 8.02 g/t Au and
9.14 m
@ 5.85 g/t Au.
The nearby
Yellow
Bird Mine
200 meters northwest of King of the West produced at least 1,900 ounces of gold in the
1890's from shallow open cuts in iron formation. A vertical channel sample collected in the 1920's
from the main working shaft yielded
10.67 m
@ 13.33 g/t Au
. The King of the West and Yellow Bird
area is marked by a strong arsenic soil anomaly extending for 400 meters along strike, arguing for a
significant mineralized corridor between the historic workings. The
Black Eagle
prospect located
southeast of King of the West was tested with two drill holes in 1978, producing mineralized
intercepts up to
1.83 m
@ 11.8 g/t Au
. Iron formation is continuous between the mines. A detailed
surface mapping and sampling program is planned for the King of the West Trend in the summer of
2022, to be followed by an additional airborne EM and electromagnetic geophysical survey to assist
in subsurface geological interpretations of these intriguing gold targets. Applications to drill all three
historical deposits along the trend are in progress.
Target 4 - Standard Mine Target
The Standard Mine Target in the northeastern part of the district contains extensive prospect
workings with a poorly documented history, including the Standard shaft sunk to a depth of at least
76 meters. These workings explore a major anticlinal fold accumulation of amphibolite-grade iron
formation located adjacent to the regional Homestake shear zone. Limited historic records suggest
crosscuts extending away from the shaft cut a thick body of iron formation 12 to 18 meters wide
containing ore up to 6.2 g/t Au. Grab samples collected from the extensive spoil piles at the shaft by
MMR personnel have ranged up to 13.41 g/t Au
and a LIDAR survey has revealed in excess of
250 significant prospect pits and shafts extending along the iron formation for at least two kilometers
in the target area. MMR's aeromagnetic survey reveals the presence of a broad positive magnetic
anomaly that potentially delineates a large body of fold-thickened iron formation (most of which is
blind to the surface) that is considered to be a high priority gold target. Faulting and shear-related
folding in the northeast portion of the district within the Homestake shear zone is complex and
recent work suggests that older Homestake mine stratigraphy may be exposed in this area.
It
is even possible that the iron formation at the Standard Mine Target represents the Homestake iron
formation itself.
Target 5 – Mary Ann Prospect
The Mary Anne prospect, located just 550 meters southwest of the Cochrane Mine on MMR claims,
contains surface gold mineralization that has seen comparatively little exploration. Two channel
samples collected from two open cuts at the
Mary Anne
prospect separated by 61 meters of strike
by Noranda included
1.83 m
@ 5.07 g/t Au and
2.74 m
@ 7.99 g/t Au
. A single Noranda drill hole in
1988 intercepted this same horizon at a depth of just 70 meters (
1.52 m
@ 5.29 g/t Au
). The Mary
Anne and Cochrane targets are connected through a large syncline that has never been drill tested,
although the continuation of mineralization within iron formation between the mines is likely.
Structurally thickened iron formation in synforms such as the Mary Anne-Cochrane fold is the
preferred host environment for major gold deposits in the Black Hills.
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
Standby Gold Zone
and the Company's other
activities in the Rochford District are carried out under the strict supervision of
Kevin Leonard
,
P.Geo., also a Qualified Person for this project
Mineral Mountain's Chief Geologist,
Jeff Hrncir
, says, "Mineral Mountain's recent advances in
studying the geology of the Rochford District have greatly enhanced the exploration potential of the
company's district-scale land holdings and led to the identification of numerous very high-quality drill
targets. Prior to Mineral Mountain's efforts in the past year, the last serious mapping was performed
over 50 years ago without the aid of geophysical tools and without the benefit of an understanding of
iron formation-hosted gold deposits in general. A new structural synthesis and mapping approach
developed by Mineral Mountain's technical team has highlighted the potential of the western part of
the district for near-surface high-grade gold mineralization. The potential of targets like the King of
the West Trend and
Cochrane-Mary Anne
systems are demonstrated by the numerous high-grade
gold intercepts from surface to maximum depths of just a few hundred meters. The fact that
significant free gold can be panned from any number of historic mine workings along a 3.5-km-long
trend that has only seen sparse drilling to a maximum depth of just 150 meters is astonishing. The
emergence of the Standard Mine Target is also a major development, as the vast majority of Black
Hills gold production has come from the Homestake iron formation (~44
Moz Au
). Further studies are
planned to confirm the age of the iron formation at the Standard shaft, however the preliminary work
suggests this iron formation is equivalent to the Homestake Formation and not only outcrops for
several kilometers, but has been imaged through geophysics in several blind highly prospective folds
that will be drill-tested."
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.
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.
SOURCE
Mineral Mountain Resources Ltd.
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For further information:
Brad Baker, Vice-President Corporate Development & Director, (778)
383-3975, [email protected], Or visit our website: www.mineralmtn.com
CO: Mineral Mountain Resources Ltd.
CNW 08:00e 25-APR-22