Phase III Deep Drilling Program Planned to Expand Gold Zone Another 900 Meters Down Plunge MMV : TSXV MNRLF : OTCQB M8M : FRANKFURT
Phase III Deep Drilling Program Planned to
Expand Gold Zone Another 900 Meters Down
Plunge
MMV
: TSXV
MNRLF
:
OTCQB
M8M
:
FRANKFURT
VANCOUVER
,
May 4, 2020
/CNW/ - Mineral Mountain Resources Ltd. and Mineral Mountain
Resources (SD) Inc. ("
Mineral Mountain
" or the "
Companies
") (TSXV: "MMV") reports that a
Phase III deep drill program has been finalized for its Standby Gold Project and is scheduled to start
when the COVID-19 restrictions are relaxed. Phase III is designed to expand the prospective gold
zone at least 900 meters down plunge from Target 1.
PHASE III PROGRAM
Using different permitted drill sites, the Company has devised a plan to drill 4 holes (2 "trunk" holes
each with a "wedge" hole totaling
5,000 m
designed to intersect the width of the gold corridor
spaced at about 200 meters apart down plunge from Target 1 and Homestake's high grade gold
intersection recorded in SM87-3A grading
10.29 grams per tonne Au over 3.1 meters
, along the
900 meter down plunge distance. (see attached Figure and link to video
https://mineralmountainresources.com/media/
). All 4 drill holes will attempt to intersect the Standby
gold corridor
across
its width. At the completion of each "trunk" hole, the hole will be surveyed with
Borehole EM which has proven to be useful in detecting nearby (i.e. within
200 m
of the trunk hole)
conductive bodies usually representing heavier concentrations of pyrrhotite and graphite that define
the location of the shear zone and help constrain the extent of the target iron formation. Borehole
EM is especially useful in determining if there is potential for mineralization encountered in a drill hole
to expand either down dip or down plunge.
A fifth hole, designated planned hole #5 on the attached figure, will to be completed after the 4
proposed deep holes described above. Hole #5 is designed to test the down dip extension of the
Target 1 area.
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 Rochford Project are carried out under the
strict supervision of
Kevin Leonard
, P.Geo., also a Qualified Person for this project.
About Mineral Mountain
Mineral Mountain Resources Ltd., through its wholly owned subsidiary Mineral Mountain Resources
(SD) Inc., is an exploration and development Company with a strong management and technical
team which has many years of experience in the Homestake area. The parent Company, Mineral
Mountain Resources Ltd., is based in
Vancouver, B.C.
The Company now owns one of the largest land package in the Rochford Gold District located in the
Black Hills of
South Dakota, U.S.A.
about 26 kilometers south of the richest and largest gold
deposits in the world, the Homestake Mine gold system, which produced over 42 million ounce of
gold! The
Rochford
District is situated within the most prospective exploration regions for gold in
the
United States
.
On Behalf of the Board of Directors
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.
SOURCE
Mineral Mountain Resources Ltd.
View original content to download multimedia:
http://www.newswire.ca/en/releases/archive/May2020/04/c4444.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 04-MAY-20