MMV-TSX-V
MNRLF-OTCQB
M8M-FRANKFURT
VANCOUVER, March 30, 2020 /CNW/ - Mineral Mountain Resources
Ltd. ("Mineral Mountain" or the "Company") (TSXV:
"MMV") is pleased to report that the Company is still in the
process of receiving and compiling gold assays from the Q4 2019 –
Q1 2020 portion of its drilling program at the Standby Trend
Target, and then integrating these results with the previously
released 2018 Standby Target and historical drilling results,
within and near the Standby Gold Trend. The assays and
interpretation will be published on April
9th, 2020.
Current work is focused on compiling, categorizing and
displaying all historical drill-core gold intersections in
gram-meters Au values, as well as in grams / tonne gold
concentrations. Utilizing Leapfrog Geo software the Company is able
to present the results in 3D images. Geologic updates, including
new intersections of iron formation, and penetrations of the East
Limb Shear Zone structure, are also being added to, and integrated
into, the 3D geologic model.
The Company is integrating pathfinder elements, such as
Au-related arsenopyrite mineralization, and alteration intensity,
including quartz veining, hydrothermal chlorite alteration, and
remobilized gold-related pyrrhotite alteration, into it's 3D model.
The Company thus has an integrated method for recognizing and
targeting drilling vectors toward increased gold
mineralization.
This type of exploration approach seeking gold - associated
hydrothermal alteration in addition to just gold values, had proven
very successful for Homestake Mining Company during their
exploration and development programs. These programs resulted in
the discovery of the 15-Ledge gold mineralization within the
Homestake Mine complex, and the Homestake North Ledge
discovery several kilometers northwest of the mine complex.
COVID-19 initiatives
At this time, the Company is complying with governmental orders
and advice, and internal company protocols on travel restrictions,
social distancing, and allowable business activities during the
ongoing COVID-19 pandemic in order to keep Company personnel,
contractors and local community contacts safe during this uncertain
period. We will continue to assess the timing of when active
drilling and fieldwork can be resumed. Currently, all Company
personnel are working remotely but in regular voice and data
communications as we progress the compilation and targeting.
On Behalf of the Board of Directors
MINERAL MOUNTAIN RESOURCES LTD.
"Nelson W. Baker", President and CEO
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as such term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
Forward looking information
This release includes certain statements that may be deemed
to be "forward-looking information" under Canadian securities laws.
All statements in this release, other than statements of historical
facts, that address events or developments that the Company expects
to occur, constitute forward looking- information. Forward looking
information consists of statements that are not historical facts
and are generally, but not always, identified by the words
"expects", "plans", "could" or "should" occur. Although the Company
believes the expectations expressed in such forward-looking
information are based on reasonable assumptions, such information
does not constitute guarantees of future performance and actual
results may differ materially from those in forward- looking
information. Factors that cause the actual results to differ
materially from those in forward-looking information include gold
prices, results of exploration and development activities,
regulatory changes, defects in title, availability of materials and
equipment, timeliness of government approvals, continued
availability of capital and financing and general economic, market
or business conditions. The Company cautions the foregoing list of
important factors is not exhaustive. Investors and others who base
themselves on the Company's forward-looking information should
carefully consider the above factors as well as the uncertainties
they represent and the risk they entail. The Company believes that
the expectations reflected in the forward-looking information are
reasonable, but no assurance can be given that these expectations
will prove to be correct. Please see the public filings of the
Company at www.sedar.com for further information.
SOURCE Mineral Mountain Resources Ltd.