Miramont Updates Phase II Drilling at Cerro Hermoso
Miramont Updates Phase II Drilling at Cerro Hermoso
Vancouver, BC – June 5, 2019 – Miramont Resources Corp. (CSE: MONT | OTCQB: MRRMF | FRA:
6MR) (“Miramont” or the “Company”) is pleased to announce it has completed 1,862.70 m in
four diamond drill holes as part of Phase II drilling at its Cerro Hermoso gold‐polymetallic project
in southern Peru. Hole CH‐013, situated approximately 400 m sou thwest of hole CH‐009 ( 249 m
of 0.68 gpt Au equivalent; please refer to the Company’s news r elease dated April 12, 2019 ), has
intersected 393.4 meters of diatreme breccias with sulfide vein lets and disseminations similar to
those seen in hole CH‐009. Veinlets persists to the bottom of the hole at 450 m.
Summary of Phase II Drilling:
Hole CH‐013, situated approximately 400 m southwest of hole CH‐ 009, and drilled
easterly at an inclination of ‐50 degrees, encountered 393.4 me ters of diatreme breccias
with sulfide veinlets and disseminations (see Figure 1 for images of mineralized veins and
disseminations). Mineralized clasts are also present in diatreme breccias enc ountered in
this hole (see Figure 2 for images of mineralized clasts), an indication that part of the
mineralizing event predates breccia formation.
Hole CH‐013 is the fourth drill hole completed as part of Phase II drilling and is currently
being logged, cut and sampled. Based on positive visual indicat ions from this drill hole,
Miramont has revised its interpretation of the geometry of the mineralized system within
the diatreme at Cerro Hermoso. The main focus of mineralization now appears to be in
areas west, southwest and south of hole CH‐009 rather than east a n d s o u t h e a s t a s
originally thought. This reinterpretation means there may be a physical link between
diatreme‐hosted mineralization seen in drilling, and vein miner alization exploited in the
historic Santa Barbara mine situated along the margin of the diatreme approximately 600
m to the west and 800 m to the southwest of hole CH‐009. This opens up an area
approximately 600 m east‐west and 800 m north‐south to further exploration.
Miramont’s current drill permit configuration is not ideally suited to test this newly
recognized target area. The Company sees the need to spend money in the most prudent
manner possible given current market conditions. Because of thi s, the decision has been
made to pause Phase II drilling and wait for receipt of assays from hole CH‐013 before
continuing with the current pro gram. This pause will allow Mira mont to begin
adjustments to the current drill permit through the Informe Técnico Sustentatorio (“ITS”).
The ITS will provide an amendment to Miramont’s existing drill permit with the request
to drill additional holes on existing platforms throughout the new target area.
Hole CH‐010, situated approximately 300 m south of hole CH‐009 and oriented northeast
at an inclination of ‐55 degrees, encountered various types of diatreme breccias to the
end of the hole at 454.60 m. Several minor zones of sulfide vei ning were encountered,
especially near the bottom of the hole. This hole has been logged, split and sampled.
Hole CH‐011, situated approximately 660 m east of hole CH‐009 and oriented westerly at
an inclination of ‐55 degrees, encountered mostly post‐mineral lithic tuff. This hole
indicates mineralization is closed off in this direction. This hole has been logged, split and
sampled.
Hole CH‐012, situated approximately 630 m south of hole CH‐009 and oriented easterly
at an inclination of ‐50 degrees, encountered diatreme breccias with minor zones of
sulfide veinlets before entering a post‐mineral porphyritic int rusion at 258.80 m to the
end of the hole at 325.30 m. Altho ugh veining is not robust, some of the veins that were
encountered display pink manganiferous calcite similar to that seen in holes CH‐009 and
CH‐013, an indication this hole m ay be situated on the peripher y of mineralization. This
hole is currently being logged, split and sampled.
Once all four holes from Phase II drilling have been sampled, t hey will be shipped for analysis.
Results are expected in approximately 4‐5 weeks.
Dr. Quinton Hennigh, Miramont's Executive Chairman said: "Visua l indications from hole CH‐013
suggest mineralization encounter ed in hole CH‐009 extends into an area roughly 600 m to the
west and 800 m to the southwest from hole CH‐009. This is a significant region that will be further
evaluated upon receipt of assay results from hole CH‐013. In th e meantime, we will begin work
on the ITS to increase the number of potential drill holes in this new target area.”
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
gold ‐ 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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that such information will prove accurate and, therefore, readers are advised to rely on their own evaluation
of such uncertainties. The Company does not assume any obligati on 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.
(Figure 1: Images of sphalerite+galena+/‐chalcopyrite veining and disseminations in diatreme breccias encountered in
hole CH‐013.)
(Figure 2: Images of mineralized clasts in diatreme breccias en countered in hole CH‐013. Such clasts indicate
mineralizing fluids were actively depositing mineralization prior to breccia formation.)