Mineral Mountain Resources Ltd. - Significant New Gold Target Identified at Standby Project Black Hills, South Dakota, U.S.A. MMV-TSX-V MNRLF-OTCQB M8M- FRANKFURT
Mineral Mountain Resources Ltd. - Significant
New Gold Target Identified at Standby Project
Black Hills, South Dakota, U.S.A.
MMV-TSX-V
MNRLF-OTCQB
M8M-
FRANKFURT
Highlights:
Recent drilling on Standby Target continues to intersect and define intense
hydrothermal alteration including complex brecciated quartz veining and Homestake-
style mineralization over down hole intervals of up to 259 meters (802 feet)
2 holes completed, a third hole ST20-012, designed to undercut ST19-
011B
is in
progress
Over 200 core samples have been submitted to the lab for analysis
Analytical results will be released after the completion of ST20-13
East Shear Zone with Homestake-style mineralization now extended to about 900 meters
(2,790 feet) from surface and remains open down plunge
The East Shear Zone extends to at least
1600m
(4,960 ft.) to Target 2
Bore Hole EM will be used to define the contacts of the East Limb Shear on the next drill
hole.
VANCOUVER
,
Jan. 21, 2020
/CNW/ - Mineral Mountain Resources Ltd. and Mineral Mountain
Resources (SD) Inc ("
Mineral Mountain
" or the "
Company
") (TSXV: "MMV") is very pleased to
report that 2 drill holes, ST19-011 and branch hole ST19-
011B
have now intersected the East
Shear at Standby Target 1 Area and a third hole, branch hole ST20-012, designed to undercut
ST19-
011B
, is now in progress.
In branch hole ST19-
011B
, multiple intervals of moderate to strong arsenopyrite-pyrrhotite
mineralization, quartz-flooded, hydrothermal chlorite-altered were intersected and sampled between
462m
to
632m
(East Limb Shear) (see select photos of mineralized core posted on the website
www.mineralmtn.com/projects/rochford/maps-images/
. Approximately 200 split core samples have
been submitted to the laboratory for gold analysis.
A summary of the two recent drill holes penetrating the East Shear Zone follows:
DDH ST19-11
DDH ST19-11 intersected branches of the East Shear Zone from
374m
(1159 ft.) to
633m
(1962 ft.)
, including a
brecciated quartz flooded alteration zone
from
373m
to
384m
with typically 5%, but
locally semi-massive arsenopyrite, followed by hydrothermal chlorite altered and quartz flooded
Rochford Iron Formation from
538m
to
551m
, and five major intervals of quartz veining with altered
wall rock septa between
584m
and
633 m
. (see detail arsenopyrite mineralization from
374m
(1,159
ft.) to
383m
(1,187 ft.) and of quartz-flooded Rochford Iron Formation with pyrrhotite and
hydrothermal chlorite posted on the Company's website at
www.mineralmtn.com/projects/rochford/maps-images/
.
DDH ST19-
11B
DDH ST19-
11B
Intersected the major East Shear Zone from
545m
to
633m
, which includes,
complex brecciated quartz veining
with up to 10% hydrothermal chlorite, 3% hydrothermal
cummingtonite, up to 3% magnetic pyrrhotite, and trace arsenopyrite from
545m
to
578m
, followed
by chlorite-cummingtonite-chert Rochford Iron Formation with 10% hydrothermal chlorite, 5%
hydrothermal cummingtonite, 20% grey quartz flooding, 3% magnetic pyrrhotite, and up to 2% finely
disseminated to blady arsenopyrite to
633m
(1962 ft.) see quartz vein with hydrothermal chlorite and
arsenopyrite in ST19-
11B
at
553m
and centimeter-scale blady arsenopyrite in chert-chlorite-
cummingtonite banded iron formation at
582m
posted on the Company's website
www.mineralmtn.com/projects/rochford/maps-images/
.
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 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.
Mineral Mountain's President and CEO,
Nelson W. Baker
, commented:
"The Standby Target is an exciting near-term discovery opportunity for the Company. It's multi-
kilometer plunge length of structurally thickened iron formation is of sufficient scale to host a large,
economic gold resource analogous to the Homestake Mine deposits."
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 21-JAN-20