Mineral Mountain Continues To Intersect Wide Intervals Of Homestake-style Mineralization In Target #1 Defined A "New" Cluster Of Six Homestake-style Gold Targets Using Proprietary Airborne Acoustic EM Geophysical Modeling
Mineral Mountain Continues To Intersect Wide
Intervals Of Homestake-style Mineralization In
Target #1
Defined A "New" Cluster Of Six Homestake-style Gold Targets
Using Proprietary Airborne
Acoustic EM Geophysical Modeling
2km Along The Main Standby Shear Zone
MMV-TSX-V
MNRLF-OTCQB
M8M-
FRANKFURT
Highlights:
Including "Trunk Hole" ST19-011, which reached a total depth of
1050 m
down plunge along the
Standby Shear Zone
,
seven holes totaling
2544.12m
have been completed as of
February 15,
2020
. Target #2 is an additional
750 m
down plunge but will be tested from a different
permitted drill site
Four
of the above holes tested the down dip extension of Target #1 intersecting wide intervals
of quartz flooded and mineralized intervals showing strong hydrothermal chlorite alteration
accompanied by 5-15% pyrrhotite and 5% arsenopyrite mineralization within sheared
cummingtonite-chlorite-chert Rochford Iron Formation.
Target #1 has now been intersected down dip to a vertical depth of about
600 m
. With the
completion of ST20-014, over 200 more core samples have been submitted to the lab for
analysis, all pending results from the first four cross cuts will be released at the same time.
ST19-014 is scheduled to be tested with BHEM down hole to the
600m
level.
Target #2 to be tested from permitted site #10 with 3 holes totaling
3600 m
.
Proprietary deep Acoustic EM geophysical modeling has defined a large new gold target
approximately 57%-60% of the Homestake deposit size within part of the Standby Shear Zone
VANCOUVER
,
Feb. 19, 2020
/CNW/ - Mineral Mountain Resources Ltd. and Mineral Mountain
Resources (SD) Inc. ("
Mineral Mountain
" or the "
Company
") (TSXV: "MMV") is pleased to provide
an update on its current Phase 2 drill program designed to intersect the highly prospective Standby
Shear Zone, a major structural syncline that hosts wide intervals of Homestake-style gold
mineralization. To date, a total of four drill holes have intersected the down dip extension of Target
#1 to a vertical depth of about
600 m
(1860 ft.).
Commented
Nelson W. Baker
, president and CEO of Mineral Mountain: "The last and deepest hole
to test Target #1,
ST20-014
, intersected a
60.56 m
interval of highly altered, sheared and
mineralized Rochford Iron Formation, one of the better looking mineralized holes drilled to date!"
After core logging, sawed samples are routinely submitted to ALS Laboratory for fire assay gold
and for pathfinder arsenic analyses. Complete analytical results for all holes completed to date are
pending.
Target #2 Testing
Employing the more traditional approach of drilling across structure, Target #2 will be tested with a
"trunk hole" (ST20-015) and 2 wedge holes (ST20-016 and ST20-017) totaling about
3,600 meters
from permitted site #10. Following the completion of the "trunk hole" ST20-015, this hole will be
geophysically surveyed down hole. (a plan outlining the Target #2 testing has been posted on
www.mineralmtn.com
).
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 and, if warranted, development 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 in excess of 7,500 acres and covers
five major trends of structurally thickened auriferous iron formation comparable to the
geological setting of the ledge-type gold mineralization developed at the Homestake Mine.
Magnetic 3D modelling of the Company's airborne survey completed in 2013, combined with the
proprietary processing of Acoustic EM anomalies, combined with surface geological mapping, and
the compilation of historic drilling, highlights
4 high priority exploration targets trends
, including
the East Limb Shear, which are coincident with structurally thickened, sheared, gold-bearing
Rochford Iron Formation within the Mineral Mountain land package.
Since 2013, the Company has continued to expand its land position in the
Rochford
gold district by
professional claim staking and 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,
including the first time that all available data has been compiled and synthesized in modern GIS and
3D imaging software! The Rochford Project is vastly under-explored and has the potential to host
several district scale gold discoveries.
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.
Quality Control
Drill core samples are transported, handled and stored with chain of custody procedures. Core is
sawn or split in representative halves with one half submitted to the laboratory for analysis and the
second half saved for archival purposes. Typical core samples are 0.5 to 1.5 m in length. Gold (Au)
assays are by 30 g fire assay with atomic absorption finish with a lower limit of 0.005 ppm and
upper limit of 10 ppm. The 48 element geochemical package, including silver (Ag), uses a 4 acid
digestion followed by Induced Coupled Plasma with Atomic Emission Spectrometry (ICP-AES) and
Mass Spectrometry (ICP-MS), when gold values are greater than 10 ppm then the sample is
reanalyzed using fire assay with a gravimetric finish. All over limits are also analyzed using the
screened metallic method.
The laboratory for the Standby Project is ALS located in
Reno, Nevada
. ALS is a certified laboratory
that used standard reference material and duplicate sampling to ensure quality control. Mineral
Mountain routinely sends a set of 4 blind standards as well as one blank sample with every shipment
of core. The results of the analysis of the standard material are continuously reviewed to ensure
quality assurance.
On Behalf of the Board of Directors
MINERAL MOUNTAIN RESOURCES LTD.
"Nelson W. Baker"
, President and CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider (as such term is defined in
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
Forward looking information
This release includes certain statements that may be deemed to be "forward-looking information"
under Canadian securities laws. All statements in this release, other than statements of historical
facts, that address events or developments that the Company expects to occur, constitute forward
looking- information. Forward looking information consists of statements that are not historical
facts and are generally, but not always, identified by the words "expects", "plans", "could" or
"should" occur. Although the Company believes the expectations expressed in such forward-
looking information are based on reasonable assumptions, such information does not constitute
guarantees of future performance and actual results may differ materially from those in forward-
looking information. Factors that cause the actual results to differ materially from those in forward-
looking information include gold prices, results of exploration and development activities,
regulatory changes, defects in title, availability of materials and equipment, timeliness of
government approvals, continued availability of capital and financing and general economic,
market or business conditions. The Company cautions the foregoing list of important factors is not
exhaustive. Investors and others who base themselves on the Company's forward-looking
information should carefully consider the above factors as well as the uncertainties they represent
and the risk they entail. The Company believes that the expectations reflected in the forward-
looking information are reasonable, but no assurance can be given that these expectations will
prove to be correct. Please see the public filings of the Company at
www.sedar.com
for further
information.
SOURCE
Mineral Mountain Resources Ltd.
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http://www.newswire.ca/en/releases/archive/February2020/19/c3849.html
%SEDAR: 00029624E
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 19-FEB-20