Miramont Encounters Significant Mineralization at Cerro Hermoso
Miramont Encounters Significant Mineralization at Cerro Hermoso
Vancouver, BC – April 12, 2019 – Miramont Resources Corp. (CSE: MONT | OTCQB:
MRRMF | FRA: 6MR) (“Miramont” or the “Company”) is pleased to announce it has received
final assays from its 3,679‐meter diamond drill program at its Cerro Hermoso polymetallic project
located in southern Peru. Results include 249 m of 0.68 gpt Au equivalent including 1.95 m of
28.4 gpt Au equivalent in hole CH‐009 (please refer to a table of results below and a nearby plan
map showing the location of drill holes).
Highlights:
- Drilling tested three principal targets, the Central Breccia Zo ne (holes CH‐004, CH‐005,
CH‐006 and CH‐009), the Stockwork Zone (holes CH‐001, CH‐002 and CH‐003) and the
Carbonate Replacement Zone (holes CH‐007 and CH‐008).
- Significant mineralization was encountered in the Central Brecci a Z o n e . H o l e C H ‐ 0 0 9 ,
drilled eastward, encountered 249 m of 0.68 gpt Au equivalent beginning at 103 m
including 1.95 m of 28.4 gpt Au equivalent beginning at 153.55 m and a second interval
of 59 m of 0.44 gpt Au equivalent beginning at 393.5 m and cont inuing to the end of the
hole. Hole CH‐005, situated approximately 100 m north of and pa rallel to CH‐009,
encountered 45 m of 0.58 gpt Au equivalent beginning at 378 m. Hole CH‐006, situated
approximately 250 m southeast of CH‐009 and drilled westward, e ncountered 8.5 m of
2.97 gpt Au equivalent beginning at 308 m including 1.5 m of 15.69 gpt Au equivalent
beginning at 315 m. Collectively, holes CH‐009, CH‐005 and CH‐006 demonstrate the
presence of a mineralized system within the diatreme that appears open to the northeast,
east and southeast under an area of post‐mineral cover. The eastern margin of the
diatreme lies approximately 600 m beyond the end of these two h oles, leaving
considerable room for further exploration. A large, sub‐surface magnetic feature situated
approximately 400 m northeast of hole CH‐009 may be an intrusio n, potentially related
to mineralization.
- Holes CH‐001, CH‐002 and CH‐003 in the Stockwork Zone encounter ed narrow intervals
of anomalous mineralization. Miramont sees limited potential fo r broader zones of
mineralization in this area. Similar short intervals of anomalous mineralization were
encountered in holes CH‐007 and CH‐008 targeting the Carbonate Replacement Zone,
indicating limited potential in this area.
- Miramont is currently undertaking a thorough review of results from drilling at Cerro
Hermoso with the intent of determining the best path forward.
Dr. Quinton Hennigh, Miramont's Chairman said: "First pass dril ling has confirmed the
presence of a large mineralized system at Cerro Hermoso. Minera lization within the Central
Breccia Zone appears open to the northeast, east and southeast as well as at depth. A nearby
magnetic anomaly suggests the system is driven by a buried intrusion. Over the coming weeks
we plan to compile, review and interpret all data from the latest program."
The table below presents anomalous intercepts in all nine diamond drill holes completed at Cerro
Hermoso. Some intercepts from holes CH‐001 through CH‐006 were previously reported in a news
release dated March 28, 2019.
Hole ID From (m) To (m)
Length
(m) Au (gpt) Ag (gpt) Zn (%) Pb (%) Cu (%)
Au eq
(gpt)
CH‐001 31.80 35.30 3.50 0.02 8.5 0.03 0.12 0.12 0.39
CH‐002 2.40 5.20 2.80 0.01 39.2 0.05 0.05 0.03 0.60
CH‐003 1.30 3.30 2.00 <0.01 67.7 0.06 0.17 0.01 0.97
32.90 34.10 1.20 0.02 7.3 0.05 0.33 0.07 0.41
107.00 111.00 4.00 <0.01 21.3 0.13 0.06 0.01 0.40
CH‐004 17.00 51.00 34.00 0.05 4.2 0.07 0.04 0.01 0.18
121.00 125.00 4.00 0.88 3.4 0.16 0.40 0.02 1.25
141.80 143.70 1.90 0.11 216.6 0.04 0.01 0.01 2.82
156.70 159.60 2.90 1.15 3.1 0.10 0.16 0.03 1.38
CH‐005 35.00 39.00 4.00 0.19 3.7 0.09 0.06 <0.01 0.33
73.00 75.00 2.00 0.47 1.2 0.06 0.07 <0.01 0.56
95.00 105.00 10.00 0.19 0.9 0.10 0.05 0.01 0.31
129.00 133.00 4.00 0.15 0.9 0.21 0.08 0.01 0.36
174.50 178.50 4.00 0.01 0.6 0.07 0.17 <0.01 0.15
228.00 232.00 4.00 0.11 0.9 0.15 0.08 0.01 0.28
256.00 262.00 6.00 0.05 1.5 0.15 0.08 <0.01 0.21
378.00 423.00 45.00 0.03 1.5 0.40 0.48 0.02 0.58
CH‐006 34.00 36.00 2.00 0.13 10.4 0.11 0.11 0.02 0.42
96.40 98.00 1.60 0.14 110.0 0.16 0.27 0.04 1.79
308.00 316.50 8.50 2.74 1.4 0.14 0.17 0.02 2.97
includes 315.00 316.50 1.50 14.75 6.1 0.61 0.58 0.11 15.69
CH‐007 125.80 172.00 46.20 0.02 0.5 0.10 0.05 <0.01 0.12
184.00 190.00 6.00 0.02 <0.5 0.32 0.11 <0.01 0.30
200.00 202.15 2.15 0.36 1.4 0.04 0.02 0.13 0.62
265.70 267.70 2.00 0.33 2.6 0.40 0.67 0.05 1.03
CH‐008 90.20 91.80 1.60 0.56 56.3 0.04 0.03 0.02 1.33
134.80 136.00 1.20 0.22 350.0 0.16 0.30 0.36 5.33
CH‐009 21.80 85.00 63.20 0.18 2.0 0.12 0.08 0.01 0.34
103.00 352.00 249.00 0.26 6.2 0.34 0.17 0.02 0.68
includes 153.55 155.50 1.95 17.65 658.0 1.11 1.22 1.04 28.70
393.50 452.50* 59.00 0.02 1.1 0.37 0.29 0.01 0.44
* End of hole
Au eq calculated using 81.25 gpt Ag = 1 gpt Au, 1.4237% Zn = 1 gpt Au, 2.1518% Pb = 1 gpt Au, 0.6485% Cu = 1 gpt Au)
Analytic Protocols and QA/QC
Assays were completed first by SGS and then by ALS Laboratories in Peru. Future samples will be
analyzed by ALS as primary labor atory. Miramont follows rigorou s sampling and analytical
protocols that meet industry standards. Core samples are stored in a secured area until transport
i n b a t c h e s t o e i t h e r S G S o r A L S p r e p l a b s i n A r e q u i p a , P e r u . S ample batches include certified
reference materials, blanks, and duplicate samples are then pro cessed 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 ro ck geochemistry), while gold is analyzed by AA24 and GRA22
when values exceed 10 gpt. Over limit silver, copper, lead and zinc are analyzed using the OG‐62
procedure. SGS samples 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., 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, Chairman
For more information, please contact the Company at:
Telephone: (604) 398‐4493
Facsimile: (604) 815‐0770
www.miramontresources.com
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