Mineral Mountain Plans Phase 2 Directional Drill Program to Target Deep Highgrade “Centroid” GOLD Zone
MMV-TSX.V
MNRLF-OTCQX
News Release NR 2018 – 12 October 1, 2018
MINERAL MOUNTAIN PLANS PHASE 2 DIRECTIONAL DRILL
PROGRAM TO TARGET DEEP HIGHGRADE “CENTROID” GOLD
ZONE
Highlights:
Phase 1 consisting of n ine (9) holes totaling 2,937 meters (9,637 feet) intersecting
broad intervals of economic Upper Tail gold mineralization within the East Limb
Structure 500m down plunge from the historical Standby Mine.
The Upper Tail gold mineralizatio n from surface to 500 meters down plunge
averages 24 m in width and average grades up to 3.34 g/t Au with locally high grade
gold concentrations of up to 9.80 g/t Au.
The prominent East Limb gold structure has now been traced for 2,000 m (2 kms)
Phase 2, totaling up to 4 ,000m, will target centroid -type mineralization intersected
in Homestake hole SM87 -3A (10.29 g/t Au over 3.1m) by employing “state of the
art” directional drilling technology
(Vancouver, October 1, 2018 ): Mineral Mountain Resources Ltd . and its subsidiary Mineral
Mountain Resources (SD) Inc. (“OTCQX: MNRLF”) are pleased to report that its first phase
program of nine (9) holes totaling 2,937 meters (9,637 feet), all focused in the Upper Tail gold
mineralization hosting the historical Sta ndby Mine, has now been successfully completed and a
4,000m Phase 2 program, targeting the high grade gold intersection by Homestake in 1987 which
ran 10.29 g/t Au over 3. 05m (SM87-3A) and employing “state of the art” directional drilling
technology is being planned.
Nelson W. Baker, President and CEO commented: “Our Phase 1 drilling has solidified our belief
that the Standby Target is of sufficient scale (multi -kilometer 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”.
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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 7 00 meters 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 1986-87, 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 th at this method is
amenable to multiple highly accurate cross cuts 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 we probe this hole with “state of the art ” BHEM technology. This
technology has the cap ability to see up to 400 m of f hole as we side track the mineralized
structure down plunge towards the high grade gold zone. This BHEM can also see localized
conductive responses directly associated with highly sulfidic gold mineralization
Status of Current Results
The 26m wide East Limb Structure was intersected in drill hole ST18-007 230 meters down
plunge from ST18 -006. A wide interval of anomalous , sub -economic 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 meters 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 d rill 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 meters)
and Mineral Mountain’s ST18-006 (2.12 g/t Au over 20 meters). 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. (www.mineralmtn.com ).
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 approve d by
Nelson W. Baker, P.Eng. the President and CEO of Mineral Mountain Resources Ltd. and a
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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 201 2, 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
and 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 sc ale 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 [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, i ncluding 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”, “fo recasts”, “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
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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 achi evements 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 th e 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 no t place undue reliance on forward -
looking information.