Second New Gold Discovery Mineral Mountain Records Multiple High Grade Grab Samples Up to 138 GPT Au Along a Mineralized BIF 3.7 km Long
Second New Gold Discovery Mineral Mountain
Records Multiple High Grade Grab Samples
Up to 138 GPT Au Along a Mineralized BIF 3.7
km Long
VANCOUVER, BC, Feb. 8, 2023 /CNW/ - Mineral Mountain Resources Ltd. (" Mineral
Mountain" or the "Company") (TSXV: MMV) (OTCQB: MNRLF) (FRANKFURT: M8M) is
pleased to announce its second new important discovery with the impressive assay results of up
to 138 g/t Au (4.27 opt Au) from a grab sampling program performed last fall from historical
workings along the 3.7 km long King of the West-Yellow Bird-Black Eagle Mines Trend
collectively referred to as the "King of the West Trend" in the Company's News Release dated
June 28, 2021 and located in the southwestern portion of the Rochford Mining District. The King
of the West Mine is located 8 km southwest of Mineral Mountain's new high-grade
Standard Mine Trend discovery announced on February 2, 2023.These samples confirm the
outstanding nature of surface mineralization over a large area around the King of the West Mine
(Fig 1).
Key Points
Assay results from grab samples collected around the historical King of the West and Yellow Bird
Mines included:
K ing of the W est Trend 2022 Sampling R esults
*all reported samples select surface grabs
Sample Number Target Zone Au g/t Au opt
22MMV01 Yellow Bird 22.9 0.71
22MMV02 Yellow Bird 71.7 2.22
22MMV03 Yellow Bird 33.9 1.05
22MMV04 Yellow Bird 138 4.27
22MMV05 King of the West 30.6 0.95
22MMV06 King of the West 23.9 0.74
22MMV07 Yellow Bird 111.5 3.45
22MMV08 King of the West 42.2 1.31
22MMV09 King of the West 64.4 1.99
22MMV10 King of the West 0.65 0.02
22MMV11 King of the West 0.38 0.01
22MMV12 King of the West 64.8 2.01
22MMV13 Yellow Bird 131 4.06
22MMV14 King of the West 83.6 2.59
* It should be noted that grab samples are not representative of the actual tenor of the
mineral occurrence and are only used to measure and identify distribution of the precious
minerals present along this trend.
These grab samples are in line with results of previous underground channel samples collected while
the shallow mine workings were still accessible in the early 20th Century that are known to MMV,
such as 9.1 m @ 8.15 g/t Au, 15 m @ 16.0 g/t Au, and 2.44 m @ 13.2 g/t Au across the King of
the West mineralized structure at depths of less than 20 m below surface and vertical channel
samples of 10.67 m @ 13.33 g/t Au and 15.2 m @ 15.55 g/t Au collected in the Yellow Bird shaft.
Grab samples were collected from dumps of the three historic shafts at the Yellow Bird and King of
the West Mines, a collapsed overhand stope at the Yellow Bird, and surrounding exploratory open
cuts over an area of 400 x
300 m
. Several grab samples contained multiple grains of visible gold (Fig
2). Outcrop is generally poor in the low-relief topography around the mines, although the Rochford
iron formation can be followed through ferruginous cherty float, quartz veining and deep yellow-
orange gossaniferous soils. The iron formation can be mapped through several fold structures along
a prominent NE-striking fault-shear zone for at least
1,200 m
and is up to
20 m
wide at the King of
the West Mine. As a result of mapping, the length of the King of the West Trend has more than
doubled to 3.7 km along strike, within which over
1,200 shallow prospect pits, trenches and open
cuts, 78 larger open cuts or shafts, and 24 tunnels have been mapped
. An area measuring
nearly 1 km by 1 km around the King of the West Mine contains more than half of these surveyed
workings, making it one of the most heavily prospected areas known in the Rochford District.
Figure 1 (CNW Group/Mineral Mountain Resources Ltd.)
Figure 2 (CNW Group/Mineral Mountain Resources Ltd.)
Historic Exploration at the King of the West-Yellow Bird Mines
The King of the West and Yellow Bird Mines were discovered in 1897 and 1898 respectively and
worked through numerous shallow open cuts. Approximately 2,000 tons of ore were mined from the
King of the West at a grade of 20 g/t Au, while close to 1,850 ounces were produced at the Yellow
Bird. In 1902, both mines were consolidated by the Golden West Company and developed by
additional open cuts and 275 meters of underground workings. Fifteen diamond holes were drilled,
with a few reportedly encountering excellent mineralization up to 38 g/t Au over unknown widths.
From 1934 to 1936, the King of the West Syndicate was organized to explore the property.
Exploration consisted of
289 m
of drifting off a shaft that reached an ultimate depth of just
49 m
and
1,049 m
of diamond drilling. An extensive surface sampling campaign consisting of 2,500 grab,
trench and channel samples encountered additional ore zones containing up to
124 g/t Au
. Two ore
shoots found at the King of the West Mine on the 23-m level were found to average
4.88 m
@ 8.3
g/t Au
and
2.74 m
@ 10.6 g/t Au
. Very limited short-range diamond drilling down-dip of one of three
ore shoots targeted by the Syndicate encountered multiple intercepts in the range of 9-15 g/t Au with
the best surviving intercept of
1.52 m
@ 78.4 g/t Au
. The ore zone has never been explored more
than
50 m
below surface. In 1936, the Syndicate milled 6,990 tons of ore with a head grade of 6.9
g/t Au but recovered just a fraction of the expected gold due to milling complications and ceased
activity on the property.
From 1978-1984 Bobcat Properties and Minerals Management drilled sixteen shallow rotary holes at
King of the West, all to depths of <
100 m
. Noranda leased the property in 1986 and a map of the
prior drilling made available to Noranda included six holes with significant intercepts >0.10 oz/ton Au.
Three of these holes contained
6.10 m
@ 5.88 g/t Au
,
3.05 m
@ 8.02 g/t Au
and
9.14 m
@ 5.85
g/t Au
.
*The preceding disclosure is based on information that is historical in nature and can not be
treated as NI-43-101 compliant verified by a qualified person. The historical estimates should
not be relied upon and there can be no assurance that any of the mineralization, in whole or
part, will ever become economically viable.
CEO Statement
Nelson Baker
, President and CEO commented: "
Mineral Mountain's recent advances in studying
the geology and history of the Rochford District have greatly enhanced the exploration potential of
the company's district-scale land holdings and led to the identification of numerous very high-
quality drill targets. The last serious mapping was performed over 60 years ago without the aid of
geophysical tools and without the benefit of an understanding of iron formation-hosted gold
deposits in general. A new structural synthesis and mapping approach developed by Mineral
Mountain's technical team has highlighted the unique potential of the King of the West Trend for
near-surface high-grade gold mineralization over a large area. This has been confirmed by the
presence of excellent gold values in multiple targets separated by hundreds of meters along strike.
Sampling to date has focused on the northern part of the King of the West Trend, however four
other historic mines, including the Black Eagle, further south have yet to be examined in any detail.
We are planning an aggressive summer field program to further refine these high-quality drill
targets in advance of an anticipated drill program later this year, which is in the permitting stage."
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, BSc Geological Engineering, the President and CEO of Mineral Mountain Resources Ltd.
and a Qualified Person for this project. All exploration activities at the
Standby Mine
and at the
Company's other activities in the Rochford District 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., began exploring in the Black Hills of
South Dakota, USA
in
July 2012
. The Company
recognized that the
Homestake Gold Trend
was not well explored using modern technology and
the potential of discovering another similar Homestake-style gold deposit with scale was above
average. Since 2012, the Company has expended over
$13 million USD
in systematic, "state of the
art" exploration with a strong technical and highly experienced team largely focused on its 100%-
owned
Rochford Gold Project
physically situated 26 kilometers south of the world's richest and
largest orogenic gold deposits, the Homestake Mine.
With the recent staking of the 3.7 kilometer long trend linking the Black Eagle-King of the West-
Yellow Bird Trend, the Rochford Gold Project now covers over
8,224 acres
, covering at least four
large magnetic bodies that are considered to be 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. Financing is in progress to drill
9,000 m
at the Standby Mine.
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 labor 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 08-FEB-23