Miramont Reports Phase II Drill Results from Cerro Hermoso
Miramont Reports Phase II Drill Results from Cerro Hermoso
Vancouver, British Columbia – July 10, 2019 ‐ Miramont Resource s Corp. (CSE: MONT | OTCQB:
MRRMF | FRA: 6MR ) ("Miramont" or the "Company") is pleased to announce it has received final
assays from Phase II drilling at its Cerro Hermoso gold‐polymetallic project in southern Peru. The
program consisted of 1862.7 metres in four diamond drill holes. T h r e e o f t h e f o u r h o l e s
encountered intervals of anomalous polymetallic mineralization (see nearby table of results ). In
particular, hole CH‐013 encountered an aggregate of 303.35 m of anomalous mineralization
consisting of eight separate intervals beginning at the start o f bedrock at approximately 56.6 m
and continuing to near the end of the hole at 450 m.
Summary of Phase II Drilling:
Hole CH‐013, situated approximately 400 m southwest of hole CH‐009 (please refer to the
Company’s news release dated April 12, 2019 for further information), and drilled easterly
at an inclination of ‐50 degrees, encountered eight anomalous m ineralized intervals of
diatreme breccias with sulfide veinlets, disseminations and mineralized clasts comprising
an aggregate of 303.35 m of mineralization. The two longest intervals of anomalous
mineralization, 70 m beginning at 251 m and 88 m beginning at 3 31 m, occur near the
bottom of the hole. Holes CH‐010 and CH‐011 each encountered mu ltiple short
mineralized intervals and hole CH‐012 failed to encounter appreciable mineralization
(please refer to the Company’s n ews release dated June 5, 2019 f or further information
about these holes).
Given the fact that the two longest anomalous intercepts in hole CH‐013 are near the
bottom of the hole, Miramont believes the system may be strengt hening at depth,
especially in the area between hole CH‐013 and CH‐009. Miramont now believes the
potential for a large volume of near‐surface mineralization has greatly diminished but
considers the potential for a large body of mineralization at depth still viable.
It is conceivable the mineralizin g system at Cerro Hermoso is b eing driven by an
underlying mineralized porphyritic intrusion. Recent field review of pebble dikes, fissures
filled with clasts of rock ripped up from deeper within the sub surface, that surround the
diatreme, identified numerous rip‐up clasts of rock displaying stockwork copper
mineralization typical of a porphyry copper system. Miramont believes these exotic rocks
originate from beneath the diatreme and provide strong evidence of an underlying
porphyry system at depth.
With the view that further targets on the property likely occur at depth, Miramont has
delayed plans for further drilling and is considering all optio n s f o r C e r r o H e r m o s o
including joint ventures with partners with an appetite to drill buried porphyry targets.
Dr. Quinton Hennigh, Miramont's Executive Chairman said: "Phase II drilling has yielded strong
indications we are dealing with a deeper, possible porphyry tar get at Cerro Hermoso. We think
the best approach for shareholders is to consider a joint ventu r e p a r t n e r f o r t h i s p r o j e c t .
Miramont is currently well‐funded, and we have begun a review of several high‐quality, drill‐ready
gold and gold‐polymetallic exploration opportunities in Peru. T he Company is also committed to
advancing the Lukkacha copper porphyry project in southern Peru and is currently awaiting
issuance of the supreme decree.
The table below presents results from the four diamond drill ho les completed at Cerro Hermoso
as part of Phase II drilling.
Hole ID From (m) To (m)
Length
(m) Au (ppm) Ag (ppm) Zn (%) Pb (%)
CH‐010 311.00 313.00 2.00 0.07 8.5 0.91 0.64
319.00 321.00 2.00 0.01 0.9 0.28 0.29
466.00 467.90 1.90 0.01 1.0 0.68 0.37
489.80 493.00 3.20 0.01 0.5 0.28 0.17
521.70 523.20 1.50 0.01 0.5 0.33 0.31
CH‐011 52.00 53.20 1.20 0.18 13.5 0.26 0.16
112.00 114.00 2.00 0.29 4.0 0.16 0.08
218.00 219.50 1.50 0.01 1.6 0.24 0.06
CH‐013 56.60 67.00 10.40 0.11 3.6 0.32 0.20
72.05 76.00 3.95 0.19 6.2 0.54 0.28
88.00 90.00 2.00 0.15 1.7 0.26 0.12
96.00 165.00 69.00 0.06 2.9 0.11 0.07
189.00 241.00 52.00 0.08 3.7 0.16 0.11
251.00 321.00 70.00 0.13 3.1 0.19 0.11
including 279.00 309.00 30.00 0.20 3.4 0.14 0.26
331.00 419.00 88.00 0.17 1.8 0.13 0.08
including 339.00 341.00 2.00 0.69 3.5 0.37 0.19
including 351.00 385.00 34.00 0.25 2.7 0.15 0.09
433.00 441.00 8.00 0.14 0.6 0.14 0.08
Analytic Protocols and QA/QC
Assays were completed first by SGS and then by ALS Laboratories in Peru. Miramont follows
rigorous sampling and analytical protocols that meet industry standards. Core samples are stored
in a secured area until transport in batches to either SGS or ALS prep labs in Arequipa, Peru.
Sample batches include certified reference materials, blanks, and duplicate samples are then
processed under the control of ALS or SGS. ALS samples are analyzed using the ME‐ICP61 (a
technique that provides a comprehensive multi‐element overview of the rock geochemistry),
while gold is analyzed by AA24 and GRA22 when values exceed 10 g/t. Over limit silver, copper,
lead and zinc are analyzed using the OG‐62 procedure. SGS sampl es are analyzed using the ICP
40B method while gold is analyzed by FAA515. Over limit silver, copper, lead and zinc are analyzed
using the AAS41B procedure.
National Instrument 43‐101 Disclosure
The technical content of this news release has been reviewed and approved by Dr. Quinton
Hennigh, P.Geo., Executive Chairman of Miramont and a Qualified Person as defined by National
Instrument 43‐101.
About Miramont Resources Corp.
M i r am on t i s a Can ad i an base d e x pl or at i on c om p any w i t h a f oc us on acquiring and developing
mineral prospects within world‐class belts of South America. Mir a m o n t ' s t w o k e y p r o j e c t s a r e
Cerro Hermoso and Lukkacha, both located in southern Peru. Cerro Hermoso is a diatreme‐hosted
copper dominant polymetallic prospect. Lukkacha is a classic copper‐porphyry prospect.
On behalf of the Board of Directors,
MIRAMONT RESOURCES CORP.
"Quinton Hennigh"
Quinton Hennigh, Executive Chairman
For more information, please contact the Company at:
Telephone: (604) 398‐4493
Facsimile: (604) 815‐0770
www.miramontresources.com
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