Miramont Begins Drilling at Cerro Hermoso Project in Peru
Miramont Begins Drilling at Cerro Hermoso Project in Peru
Vancouver, BC – January 22, 2019 – Miramont Resources Corp. (CS E : M ONT | O T CQ B: M RRM F | FRA :
6MR) (“Miramont” or the “Company”) is pleased to announce that it has commenced drilling on its Cerro
Hermoso project in southern Peru. Up to 5,000 meters will be drilled in this first phase to test three priority
targets.
Bill Pincus, Miramont’s President and CEO said, “We have worked hard over the past year to get to this
point and we are tremendously excited to see what we will find with this drilling program. As we continued
to investigate the property further we have found new and stron ger evidence supporting our prospect
model. Our exploration work to date has strengthened expectations that a significant ore deposit is ready
to be discovered.”
THE CERRO HERMOSO PROJECT
Cerro Hermoso is a large diatreme ‐hosted system with various st yles of copper, gold and silver
mineralization found in a four square kilometer area. It has many similar characteristics to other diatreme
systems that are known to host large bulk‐tonnage polymetallic deposits.
The three priority drill targets have been identified by a comb ination of geologic mapping, geochemical
sampling and geophysical prospecting. These are known as the Central Breccia Zone (Gold), the Stockwork
Zone (Copper/Silver) and the Carbonate Replacement Zone (Polymetallic). All three targets will be tested
in the upcoming program.
PRIORITY TARGETS
The three priority targets will all be tested with multiple dri ll holes. A brief description of each is given
below and the reader is referred to the Company’s website (Link) for more information.
Central Breccia Zone
This zone is found within the heart of the diatreme. The formation of gold‐bearing hydrothermal breccia,
the potential host‐rock for mineralization, is extensive. Selec tive sampling by Miramont has confirmed
widespread gold mineralization in this zone with values up to 1 8 grams per tonne of gold. An IP
geophysical study has outlined a significant chargeability anom aly potentially indicating the presence of
sulfides at shallow depths.
Stockwork Zone
The Stockwork Zone lies just outside the northern rim of the di atreme. It is a 500 by 400 metre area of
widespread stockwork veining and alteration developed within the volcanic flow units. The Stockwork
Zone has prominent silver, copper, and gold mineralization throughout the area. Values as high as 500 g/t
Ag, 3.9% Cu and 10 g/t Au have been found here. Coincident magnetic and conductivity anomalies indicate
the potential for a buried intrusion near surface.
Carbonate Replacement Zone
This zone is known from a review of historic underground mapping. Development on lower levels (approx.
200 metres below surface) encountered carbonate replacement deposits (CRD’s) within an underlying
limestone beds. Coincident resistivity and conductivity anomali es may indicate the presence of sulfide
bearing limestone units continuing to the northwest.
National Instrument 43‐101 Disclosure
The technical content of this news release has been reviewed an d approved by Mr. William Pincus, CPG,
President and CEO of Miramont and a Qualified Person as defined by National Instrument 43‐101.
About Miramont Resources Corp.
Miramont is a Canadian based exploration company with a focus o n acquiring and developing mineral
prospects within world‐class belts of South America. Miramont’s two key projects are Cerro Hermoso and
Lukkacha, both located in southern Peru. Cerro Hermoso is a dia treme‐hosted copper dominant
polymetallic prospect. Lukkacha is a classic copper‐porphyry prospect.
On behalf of the Board of Directors,
MIRAMONT RESOURCES CORP.
“William Pincus”
William Pincus, President and CEO
For more information, please contact the Company at:
Telephone: (604) 398‐4493
www.miramontresources.com
Reader Advisory
This news release may contain statements which constitute “forward‐looking information”, including statements
regarding the plans, intentions, beliefs and current expectatio ns of the Company, its directors, or its officers with
respect to the future business activities of the Company. The words “may”, “would”, “could”, “will”, “intend”, “plan”,
“anticipate”, “believe”, “estimate”, “expect” and similar expre s s i o n s , a s t h e y r e l a t e t o t h e C o m p a n y , o r i t s
management, are intended to identify such forward‐looking statements. Investors are cautioned that any such
forward‐looking statements are not guarantees of future business activities and involve risks and uncertainties, and
that the Company’s future business activities may differ materially from those in the forward‐looking statements as
a result of various factors, including, but not limited to, flu ctuations in market prices, successes of the operations of
the Company, continued availab ility of capital and financing an d general economic, market or business conditions.
There can be no assurances that such information will prove accurate and, therefore, readers are advised to rely on
their own evaluation of such uncertainties. The Company does no t assume any obligation to update any forward‐
looking information except as required under the applicable securities laws.
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies
of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.