MMV: TSXV
MNRLF: OTCQB
M8M: FRANKFURT
VANCOUVER, May 4, 2020 /CNW/ - Mineral Mountain
Resources Ltd. and Mineral Mountain Resources (SD) Inc.
("Mineral Mountain" or the "Companies") (TSXV: "MMV")
reports that a Phase III deep drill program has been finalized for
its Standby Gold Project and is scheduled to start when the
COVID-19 restrictions are relaxed. Phase III is designed to expand
the prospective gold zone at least 900 meters down plunge from
Target 1.
PHASE III PROGRAM
Using different permitted drill sites, the Company has devised a
plan to drill 4 holes (2 "trunk" holes each with a "wedge" hole
totaling 5,000 m designed to
intersect the width of the gold corridor spaced at about 200 meters
apart down plunge from Target 1 and Homestake's high grade gold
intersection recorded in SM87-3A grading 10.29 grams per tonne
Au over 3.1 meters, along the 900 meter down plunge distance.
(see attached Figure and link to video
https://mineralmountainresources.com/media/). All 4 drill holes
will attempt to intersect the Standby gold corridor across its
width. At the completion of each "trunk" hole, the hole will be
surveyed with Borehole EM which has proven to be useful in
detecting nearby (i.e. within 200 m
of the trunk hole) conductive bodies usually representing heavier
concentrations of pyrrhotite and graphite that define the location
of the shear zone and help constrain the extent of the target iron
formation. Borehole EM is especially useful in determining if there
is potential for mineralization encountered in a drill hole to
expand either down dip or down plunge.
A fifth hole, designated planned hole #5 on the attached figure,
will to be completed after the 4 proposed deep holes described
above. Hole #5 is designed to test the down dip extension of the
Target 1 area.
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
Mineral Mountain Resources Ltd., through its wholly owned
subsidiary Mineral Mountain Resources (SD) Inc., is an exploration
and development Company with a strong management and technical team
which has many years of experience in the Homestake area. The
parent Company, Mineral Mountain Resources Ltd., is based in
Vancouver, B.C.
The Company now owns one of the largest land package in the
Rochford Gold District located in the Black Hills of South Dakota, U.S.A. about 26 kilometers south
of the richest and largest gold deposits in the world, the
Homestake Mine gold system, which produced over 42 million ounce of
gold! The Rochford District is
situated within the most prospective exploration regions for gold
in the United States.
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.