Mineral Mountain Resources Ltd. Provides
Mineral Mountain Resources Ltd. Provides
Clarification to its April 22, 2020 News Release
MMV
: TSXV
MNRLF
:
OTCQB
M8M
:
FRANKFURT
VANCOUVER
,
April 28, 2020
/CNW/ - Mineral Mountain Resources Ltd. ("
Mineral Mountain
" or the
"
Company
") (TSXV: "
MMV
") reports that, at the request of IIROC, the Company wishes to clarify
specific deficiencies in its
April 22, 2020
release. The title of the Company's
April 22, 2020
news
release "Standby Gold Zone" - An exceptional gold system capable of hosting a multimillion ounce
resource extending 1800 meters down plunge from the mine workings" is overly promotional and is
misleading as the Company has not defined a mineral resource on its Standby Gold Project. The
Company hereby retracts the statement in the title that "Standby Gold Zone is an exceptional gold
system capable of hosting a multimillion ounce resource".
The disclosure in the Table reports "Gram-Meters (Au g/t x Width (m)" - The Company does not
have sufficient data and information to calculate a true width of the drill intersections, as a result the
disclosure of the table reporting "Gram-Meters Au (Au g/t x Width (m))" is misleading and the
Company retracts all disclosure of Gram-Meters Au (Au g/t x Width (m)). The Company does not
have sufficient data and information to calculate a true width of the drill intersections, as a result the
statement "Company's Phase I and II drilling has confirmed a very broad gold system which matches
or exceeds the early exploration drilling results of many of the deposits located at the Homestake
Mine" is misleading. The Company hereby retracts this disclosure.
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.
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.
Table 1: Summary of MMV Phase I & II and Historical Standby Drill Results (CNW Group/Mineral
Mountain Resources Ltd.)
Figure 1: Standby Gold Trend showing Upper Tail and Larger Untested Target Trend (CNW
Group/Mineral Mountain Resources Ltd.)
Intense quartz – sulphide – chlorite alteration over wide intervals, example from near Target 1 area
(CNW Group/Mineral Mountain Resources Ltd.)
SOURCE
Mineral Mountain Resources Ltd.
View original content to download multimedia:
http://www.newswire.ca/en/releases/archive/April2020/28/c4884.html
%SEDAR: 00029624E
For further information:
Brad Baker, Vice-President Corporate Development & Director, (778)
383-3975, [email protected], Or visit our website: www.mineralmountainresources.com
CO: Mineral Mountain Resources Ltd.
CNW 09:00e 28-APR-20