President's Message to our Shareholders
President's Message to our Shareholders
VANCOUVER, BC
,
Dec. 29, 2021
/CNW/ - 2021 has been an exceptional year in so many ways for
all of us. Here, at Mineral Mountain, much has taken place that will have all of us looking forward to
2022.
I am passionate in my belief that our Company is on track to discover multiple deposits in the
Rochford Gold District of
South Dakota
rivalling the famous Homestake Mine. Research completed
in 2021, by your Company, identified it as the most
underexplored
orogenic gold province in the
world.
Our prospects for a major gold discovery in 2022 are beaming brightly.
Several things to brighten your year-end and to look forward to in 2022:
1
.
The Rochford Gold District occurs within the world's richest banded iron formation (BIF)
indicative of district-scale.
2
.
The geology and scale-potential at Standby is exceptional; additionally, we have identified
several gold targets within our
Rochford
District holdings that are capable of hosting major gold
resources.
3
.
In July,2020, SRK Consulting (
Canada
) Inc. was commissioned to complete a regional structural
geological interpretation of electromagnetic and magnetic data acquired from the Company's
two helicopter-borne geophysical surveys. We received this detailed report in
February 2021
and followed up on its conclusions:
a
.
Premier gold ore host in banded iron formations (BIF) with significant along strike
continuity;
b
.
Economic ore bodies are localized within thickened synclinal fold hinges intersected by
regional-scale NW trending shears;
c
.
Magnetic response at Standby can be identifies in depth slices as deep as 2,000 meters
below the Standby Mine shaft and there is a south plunge to the BIF.
4
.
The
Rochford
District is an equivalent of the Homestake Mine District. At one time, the two gold
districts were adjacent and connected in a single structure. Homestake consisted of hundreds of
individual mineable bodies occupying a broad mineralized zone called a "ledge". Each "Ledge" at
Homestake and at Standby is characterized by "upper tail", "ore centroid" and "lower tail" high
grade gold zones
.
Based on our database, we believe
Standby
to be equivalent to
Homestake's #9 "ledge" which hosted a deposit of 9.5 million ounces of gold
.
5
.
The Company has drilled the upper tail at Standby and, compared to historical records, the
results recorded by your Company,
are significantly better
than the early drilling results at
Homestake.
6
.
The proposed Phase 3 drill program represents a continuation of the systematic drilling strategy
to follow the gold mineralization down plunge to a high grade "Ore Centroid".
7
.
The Company's most advanced gold target, the Standby BIF Target, has been identified as two
hundred metres wide and has been intersected for 1800 metres down plunge (1,000 metres
vertical depth) and remains open at depth, yielding massive potential. Other prospective targets
such as the
Cochrane
,
Standard
and Lookout properties all have the potential to host similar
large-scale deposits.
8
.
In November we announced a Private Placement funding of USD
$5 million
with anticipated
closing in the new year and launching of a 9,000-metre drill program in the first quarter of 2022.
This program is to identify the Ore Centroid at Standby which would be
a potential game
changing discovery for the Company.
I thank you, the Shareholders, for your trust, loyal support, and faith that you have placed in us over
the years. I am pleased to say that never in all my years as a professional geologist have I ever
been so confident and excited about where we are as a Company and with the huge rewards that lie
ahead for you the shareholder in 2022.
My thanks and congratulations to all our directors, management team, field personnel, and
contractors who have worked diligently to get us to this exciting period in the Company's evolution.
With that I wish you all the very best for the remainder of this year and the very best for all of you
and your loved ones in 2022. Stay safe and COVID free.
SOURCE
Mineral Mountain Resources Ltd.
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CO: Mineral Mountain Resources Ltd.
CNW 08:30e 29-DEC-21