Mineral Mountain Resources Ltd. and its subsidiary Mineral Mountain
Resources (SD) Inc. (“
Mineral Mountain” or the
“
Companies”) (TSX.V: “MMV”) (“OTCQX: MNRLF”)
report that drill hole
ST18-007 was terminated at
a depth of 510 meters (1,673.2 ft.) and was successful in
intersecting multiple intervals of highly contorted, folded,
mineralized iron formation with variable concentrations of
pyrrhotite, pyrite and arsenopyrite mineralization. The deepest
interval was between 461.77 – 483.11 meters down hole, a 21m (68.89
ft.) wide highly deformed zone in iron formation, interpreted to be
the
East Limb Structure, interpreted to be the
down plunge extension of the steeply plunging high grade shoot
intersected in
ST18-006 previously reported in a
news release dated August 9, 2018. The deepest interval of
mineralized iron formation is 230 m (754.5 ft.) down plunge of
ST18-006. Core samples have been submitted to ALS Chemex in
Vancouver for analysis.
Drill hole ST18-008 was started on August 25,
2018 and is designed to intersect a strong EM response that falls
within the high grade gold shoot that hosts the historical drill
hole BLG-UG3 (3.36 g/t Au over 24 m (78.74 ft.)
and Mineral Mountain’s ST18-006 (2.12 g/t Au over 20
m (65.6 ft). The total depth of
drill hole ST18-008 is expected to be 300 m (984.2 ft). (see target
pierce point in longitudinal section, a cross section, and a 3D
Isometric View of the EM conductor posted on the Company’s website
(www.mineralmtn.com).
Nelson Baker, President and CEO for the Company,
commented: “With seven holes now completed we have intersected
significant intervals of Homestake-style gold mineralization in 6
out of 7 drill holes completed in this campaign.”
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, P.Eng. the President and CEO of
Mineral Mountain Resources Ltd. and a Qualified Person for this
project. All exploration activities at the Rochford Project
are carried out under the strict supervision of Kevin Leonard,
P.Geo. also a Qualified Person for this project.
About Mineral Mountain Resources and the
Rochford Gold Project
Mineral Mountain Resources Ltd., through its
wholly owned subsidiary Mineral Mountain Resources (SD) Inc., is
focused on the exploration of its 100%-owned Rochford Gold
Project situated along the highly prospective
Homestake Gold Belt in the Black Hills of South
Dakota, U.S.A. The Rochford Project covers approximately
7,500 acres and straddles three major trends of structurally
thickened auriferous iron formation that host ledge-type gold
mineralization.
Since 2012, the Company, through its wholly
owned subsidiary Mineral Mountain Resource (SD) Inc., has spent
over $10 million US in gold exploration in the Black Hills of South
Dakota, controls the largest land position in the Rochford
greenstone belt and now possesses by far the largest and most
comprehensive database for the district in modern day exploration
history! The Rochford Project is vastly under-explored and has the
potential to host district scale gold discoveries.
On Behalf of the Board of Directors
MINERAL MOUNTAIN RESOURCES LTD.
“Nelson W. Baker”, President and CEO
For further information, please contact:
Brad Baker, Vice-President Corporate Development
& Director (604) 714-0111
info@mineralmtn.comOr visit our
website:
www.mineralmtn.com
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 labour 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.
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