Mineral Mountain Stakes Three Historical High Grade Gold Producers 4.8 km Southwest of Standby Mine, Rochford District MMV-TSX-V MNRLF-OTCQB M8M:FRANKFURT
Mineral Mountain Stakes Three Historical High
Grade Gold Producers 4.8 km Southwest of
Standby Mine, Rochford District
MMV-TSX-V
MNRLF-OTCQB
M8M:FRANKFURT
VANCOUVER, BC
,
June 28, 2021
/CNW/ - Mineral Mountain Resources Ltd. ("
Mineral Mountain
"
or the "
Company
") (TSXV: MMV) (MNRLF: OTCQX) (FRANKFURT: M8M) is pleased to announce
that, following a successful mapping and sampling program conducted last month by the Company's
Chief Geologist,
Jeff Hrncir
, about 4.8 kilometers southwest of the Company's main gold target, the
Standby Mine, a 2.5 km long north-northwest trending band of well mineralized, metamorphosed and
folded chert-grunerite of the Rochford Formation recording some of the highest grade gold values
sampled in the
Rochford
District to date has recently been staked by Mineral Mountain. A total of 15
unpatented BLM claims totaling approximately 280 acres were staked to cover the 2.5 km length of
this mineralized trend which includes three historical high-grade gold producers; the
Black Eagle
situated at the southern end of this trend, and the
King of the West
and
Yellow Bird
Deposits
both
near the north end. This new mineralized trend in the district has seen little modern exploration
despite the significant potential to outline large volumes of high-grade mineralized iron formation
beginning at surface.
The
King of the West Mine
was discovered in 1900 and explored sporadically until 1936 through a
shaft
45 m
deep with
69 m
of drifts and numerous small open cuts and test pits. The mine reportedly
produced
1,547 ounces of gold
at an average recovered grade of
7.78 g/t Au (0.25 opt Au)
from
ores averaging from
10.89 g/t Au to 13.06 g/t Au
(
0.35 to 0.42 opt Au) head grade
. Gold
mineralization is hosted in sulfide-rich (pyrrhotite-pyrite-arsenopyrite) cummingtonite-facies iron
formation within a small parasitic fold hinge on a larger anticlinal fold structure. Channel sampling at
the bottom of the main open cut at the
King of the West Mine
by Homestake Mine geologists in
1926 (Geological Survey Bulletin 1332-A) recorded a value of
8.09 g/t Au across
9.10m
(
0.26 opt
Au across 29.85 ft.).
On the 75-foot (
23 m
) level two separate ore shoots graded
8.40 g/t Au over
4.88 m
and 29.85 g/t Au over
2.74 m
.
Shallow rotary holes drilled between 1978 and 1984 to
maximum depths of just
90 m
from surface intercepted significant gold grades including
5.88 g/t Au
over
6.10 m
, 8.02 g/t Au over
3.05 m
and 5.85 g/t Au over
9.14 m
.
The nearby
Yellow Bird Mine
is located
210 m
northwest of the King of the West. Its history is
poorly documented but the mine reportedly produced significant gold in the 1890's, at least 1,900
ounces, from a series of shallow open cuts in sulfide-rich ore. The structural setting of the mine is
unclear due to poor outcrop but is evidently located within a northeast-striking shear zone cutting the
east limb of a small anticline in the
Rochford
iron formation. The King of the West-Yellow Bird area
is marked by a strong arsenic soil anomaly extending for over
400 m
along strike containing values
greater than
3,500 ppm As
, reflecting the presence of highly oxidized arsenopyrite-rich
mineralization.
The
Black Eagle Mine
is located on the west limb of a significant synclinal fold in the
Rochford
iron
formation. The mine was developed historically through five shafts ranging from 23 to
37 m
deep, a
244-m adit and 120-
150 m
of drifts and crosscuts spread out over a strike length greater than
300
m
. Although ore was found in numerous places in these workings assaying from
10.85 to 18.66 g/t
Au
, the ores were unoxidized and very poor recovery of gold values from the sulfide-rich ores
curtailed production and further development. A shallow rotary hole drilled in 1978 at the Black Eagle
intercepted
11.82 g/t Au over
1.83m
(
0.38 opt Au over 6.00 ft.)
from 27.4 to
29.3 m
and
8.40 g/t
Au over
1.83m
(0.27 opt Au over 6.0 ft)
from 32.9 to
34.8 m
. Noranda explored the property from
1986-1988, producing a strong arsenic-in-soil anomaly measuring 150 by
230 m
across, with internal
gold anomalies. Trenching within this zone produced highly encouraging gold mineralization, including
4.45 g/t Au over
2.74m
(0.143 opt Au over 8.99 ft.)
and
4.73 g/t Au over
1.53m
(0.152 opt Au
over 5.02 ft.)
. A single reverse circulation (RC) hole, BC-89-6, intercepted more than
60 m
of
Rochford
iron formation with the structurally thickened hinge region of the Black Eagle syncline. A
cherty gossan associated with a felsic tuffaceous horizon above the
Rochford
iron formation is also
mineralized for at least
1,070 m
along strike a few hundred meters west of the Black Eagle trend.
Rock chip samples along this gossan contain values of 500 ppb to 1,000 ppb Au and this zone has
never been systematically explored or drilled.
Jeff Hrncir
, the Company's Chief Geologist commented: "
The newly staked Black Eagle-King of the
West trend further demonstrates the uniquely underexplored but highly prospective nature of the
Rochford
District. The recognition of the trend stems from ongoing technical studies of the
Rochford
District that highlighted the potential of this area for near-surface high-grade gold
mineralization, which has been confirmed through recent sampling and mapping efforts.
Exploration at the Black Eagle and King of the West-Yellow Bird Mines has been minimal to
maximum depths of just a few hundred meters, with almost no exploration outside the historic
mines, and
no previous company has cohesively explored this trend as a single exploration
target
. The 10 km stretch of Castle Creek downstream of the Black Eagle-King of the West belt of
mineralized Rochford Formation was one of the largest placer gold areas of the Black Hills
(estimated production of as much as several hundred thousand ounces) and supported the only
floating dredge in the region. Castle Creek gold is notably coarse and nuggety and may have been
derived from high-grade veins and shoots within the iron formation in the vicinity of the Black
Eagle-King of the West mines. Previous drilling has demonstrated that the Black Eagle, in
particular, has the potential to host extremely large volumes of mineralized
Rochford
iron
formation within the large-scale syncline structure."
About Mineral Mountain Resources and the Rochford Gold Project
Mineral Mountain Resources Ltd., through its wholly owned subsidiary Mineral Mountain Resources
(SD) Inc., with a strong technical and highly experienced team, is focused on the exploration and, if
warranted, development of its 100%-owned
Rochford Gold Project
physically situated 26
kilometers south of the world's richest and largest orogenic gold deposits, the Homestake Mine,
within the highly prospective
Homestake Gold Belt
in the Black Hills of
South Dakota, U.S.A.
With the staking of the Black Eagle-King of the West-Yellow Bird Trend, the Rochford Project now
covers
7,835 acres
, covering four major trends of structurally thickened auriferous iron formation
comparable to the ledge-type gold mineralization developed at the Homestake Mine. The Standby
Mine Target, the Company's flagship project is the most advanced gold exploration target within the
Rochford Gold Project is believed to possess the requisite volume of altered and gold-mineralized
iron formation needed to contain a large, economic gold resource.
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!
The Rochford Project is vastly under-explored and has the potential to host several district scale
gold discoveries.
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 28-JUN-21