MMV: TSXV
MNRLF: OTCQB
M8M: FRANKFURT
VANCOUVER, April 28, 2020 /CNW/ - Mineral Mountain Resources
Ltd. ("Mineral Mountain" or the "Company") (TSXV:
"MMV") reports that, at the request of IIROC, the Company
wishes to clarify specific deficiencies in its April 22, 2020 release. The title of the
Company's April 22, 2020 news release
"Standby Gold Zone" - An exceptional gold system capable of hosting
a multimillion ounce resource extending 1800 meters down plunge
from the mine workings" is overly promotional and is misleading as
the Company has not defined a mineral resource on its Standby Gold
Project. The Company hereby retracts the statement in the
title that "Standby Gold Zone is an exceptional gold system
capable of hosting a multimillion ounce resource".
The disclosure in the Table reports "Gram-Meters (Au g/t x Width
(m)" - The Company does not have sufficient data and
information to calculate a true width of the drill intersections,
as a result the disclosure of the table reporting "Gram-Meters Au
(Au g/t x Width (m))" is misleading and the Company retracts all
disclosure of Gram-Meters Au (Au g/t x Width (m)). The
Company does not have sufficient data and information to calculate
a true width of the drill intersections, as a result the statement
"Company's Phase I and II drilling has confirmed a very broad gold
system which matches or exceeds the early exploration drilling
results of many of the deposits located at the Homestake Mine" is
misleading. The Company hereby retracts this disclosure.
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.
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.