Mineral Mountain Resources Ltd. - Winter Phase 2 Drill Program Finalized MMV-TSX.V MNRLF-OTCQX
Mineral Mountain Resources Ltd. - Winter
Phase 2 Drill Program Finalized
MMV-TSX.V
MNRLF-OTCQX
VANCOUVER
,
Nov. 19, 2018
/CNW/ - Mineral Mountain Resources Ltd. (MMV-TSX.V) and its
wholly-owned subsidiary Mineral Mountain Resources (SD) Inc. ("OTCQX: MNRLF") are pleased to
report that the Company has engaged the professional services of Devico AS (
www.devico.com
),
recognized experts in directional core drilling
("DCD"),
to partner with our drill contractor, First
Drilling
(
www.firstdrilling.com
),
to target over
1,130 m
(3500 ft) the down plunge length of the East
Limb Structure and the previously drilled Homestake (1987) high grade gold zones 967 meters
(3,000 ft.) vertically below surface.
Devico has over 30 years of successful DCD experience in more than 50 countries, including
North
America
, and will provide this unique technology, along with borehole planning, as a service to the
Company. At the Company's request, Devico has designed a borehole plan for it's
2018 Phase 2
drill program, consisting of a "mother hole" and multiple branch holes targeting the high grade gold
zone referred to above.
Using a steerable wireline core barrel, this method significantly reduces the cost by hitting targets
quicker and more accurately than traditional methods. By making multiple branches of up to 30 holes
from a mother hole that is estimated to be about 1000 meters (3,100 ft.) deep, this DCD technology
dramatically reduces both the time spent and the overall costs. A major benefit to directional drilling
is that this method is amenable to multiple highly accurate cross cuts off the mother hole to
penetrate the main mineralized shear zone down plunge. As in Phase 1, this mother hole will be
probed by "state of the art" bore hole EM technology
("BHEM")
. This BHEM technology is designed
to detect conductive bodies off hole down plunge along the East Limb Structure towards the high
grade gold zone. An updated presentation including proposed drill holes has been posted to the
companies website.
In addition to the Company's Standby Project, there are a significant number of large-scale magnetic
anomalies lying on the Standby-Bloody Gulch-Lookout Trend and other parallel trends that are
covered by Mineral Mountain claims in the
Rochford
District, most of which have
not
been tested at
depth, or have never even been drilled in some cases.
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 over 7,500 acres and straddles three major trends of structurally thickened
auriferous iron formation that host ledge-type gold mineralization.
Since 2012, 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
. It controls
the largest land position in the
Rochford
greenstone belt and possesses by far the largest and most
comprehensive database for the district in modern day exploration history! Phase 1 drilling on its
Standby Project confirms that Homestake-style mineralization does occur with the Rochford Project
area. The Rochford Project is vastly under-explored.
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:
please contact: Brad Baker, Vice-President Corporate Development &
Director, (604) 714-0111, [email protected]; Or visit our website: www.mineralmtn.com
CO: Mineral Mountain Resources Ltd.
CNW 08:00e 19-NOV-18