Drilling ON Mineral Mountain’S Standby MINE Patents Begins IN the Rochford District, South Dakota, USA
MMV-TSX.V
MNRLF-OTCQX
NEWS RELEASE NO. 2018 – 04 FEBRUARY 12, 2018
DRILLING ON MINERAL MOUNTAIN’S STANDBY MINE PATENTS
BEGINS IN THE ROCHFORD DISTRICT, SOUTH DAKOTA, USA
(Vancouver, February 12, 2018): Mineral Mountain Resources Ltd. ( “Mineral Mountain” or
the “Company”) (TSX .V: “MMV”) (“OTCQX: MNRLF”) is pleased to report that the
Company’s planned Phase I drill program consisting of a minimum of twelve (12) drill holes
totaling approximately 43 00 meters started yesterday February 7th to test the down plunge
extension of the 300-meter wide Standby Mine gold structure partially developed from 1891 to
1909 by underground mining from surface to the 425-foot level. 3D Mag modelling suggests that
this high priority gold target is a large magnetic bod y consisting of iron formation-hosted gold
mineralization that may have the potential size to have district-scale discovery potential.
A total of 12 drill holes ranging between 300m and 400m deep are planned to intersect the wide
Standby Mine gold structure down plunge from the Standby Mine 425-foot level. The first drill
hole is spotted to intersect this gold structure at about 100 m below the 425-foot level proximal
to hole S-1 drilled by Getty Oil in 1982. S-1 intercepted altered and locally quartz flooded iron
formation with 3 - 10% pyrrhotite and trace to 5% arsenopyrite from 33.83m – 71.32m (111.0’ –
234.0’) for a core interval of 37.5m (near true width) . Visible gold was observed in 4 different
relatively short intervals. The entire interval was sampled and much of it had been sampled
twice. No historical assay results are available for the remaining one-quarter core, but it is a very
impressive looking intercept.
Up plunge from hole S -1, an historic underground drill hole, BLG-UG03, designed the test the
Standby Mine horizon 75 meters below the 125 -foot level , intersected 4.61 grams per tonne
across 12.19 meters. A channel sample collected from one of the mineralized gold zone s of
quartz flooded iron formation on the 425 -foot levels assayed 6.22 g/t Au across 10.5m .
Between 1986 and 1988, Homestake drilled three separate “ widely spaced step out” cross
sections down plunge from the Standby Mine shaft . The “step out” cross sections were designed
to intersect the major gold bearing fold structure at 750 -meter intervals down plunge.
Remarkably, in 1987, Homestake SM87-3A, located 1500 meters laterally and about 560 meters
vertically and 1500m down plunge from the Standby Mine deposit , intersected a broad interval
of gold mineralization within a thick unit of iron formation , including a high grade interval
grading 10.29 grams per tonne across 3.1 meters.
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The Standby Mine patents are located approximately 26 kilometers (16 miles) south of the
world’s largest, richest iron formation hosted gold deposit, the Homestake Mine, which produced
over 40,000,000 ounces of gold from 11 Ledges of ore averaging approximately 10.89 g/t Au
(0.350 opt) over the life of the mine from 1876 to 2001.
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 Q ualified 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 Homestake South
Project situated in the Rochford District 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 five major trends of structurally thickened auriferous iron formation that host
ledge-type gold mineralization.
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
(778) 383-3975 [email protected]
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 resou rce
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”,
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“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 r esults 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. Al though 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.