MMV-TSX-V
MNRLF-OTCQB
M8M:FRANKFURT
VANCOUVER, BC, June 28, 2021 /CNW/ - Mineral Mountain
Resources Ltd. ("Mineral Mountain" or the "Company")
(TSXV: MMV) (MNRLF: OTCQX) (FRANKFURT: M8M) is pleased to announce
that, following a successful mapping and sampling program conducted
last month by the Company's Chief Geologist, Jeff Hrncir, about 4.8 kilometers southwest of
the Company's main gold target, the Standby Mine, a 2.5 km long
north-northwest trending band of well mineralized, metamorphosed
and folded chert-grunerite of the Rochford Formation recording some
of the highest grade gold values sampled in the Rochford District to date has recently been
staked by Mineral Mountain. A total of 15 unpatented BLM claims
totaling approximately 280 acres were staked to cover the 2.5 km
length of this mineralized trend which includes three historical
high-grade gold producers; the Black Eagle situated at the
southern end of this trend, and the King of the West and
Yellow Bird Deposits both near the north end. This
new mineralized trend in the district has seen little modern
exploration despite the significant potential to outline large
volumes of high-grade mineralized iron formation beginning at
surface.
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The King of the West Mine was discovered in 1900 and
explored sporadically until 1936 through a shaft 45 m deep with 69 m
of drifts and numerous small open cuts and test pits. The mine
reportedly produced 1,547 ounces of gold at an average
recovered grade of 7.78 g/t Au (0.25 opt Au) from ores
averaging from 10.89 g/t Au to 13.06 g/t Au (0.35 to 0.42
opt Au) head grade. Gold mineralization is hosted in
sulfide-rich (pyrrhotite-pyrite-arsenopyrite) cummingtonite-facies
iron formation within a small parasitic fold hinge on a larger
anticlinal fold structure. Channel sampling at the bottom of the
main open cut at the King of the West Mine by Homestake Mine
geologists in 1926 (Geological Survey Bulletin 1332-A) recorded a
value of 8.09 g/t Au across 9.10m (0.26 opt Au across 29.85 ft.).
On the 75-foot (23 m) level two
separate ore shoots graded 8.40 g/t Au over 4.88 m and 29.85 g/t Au over 2.74 m. Shallow rotary holes drilled between
1978 and 1984 to maximum depths of just 90
m from surface intercepted significant gold grades including
5.88 g/t Au over 6.10 m, 8.02 g/t
Au over 3.05 m and 5.85 g/t Au over
9.14 m.
The nearby Yellow Bird Mine is located 210 m northwest of the King of the West. Its
history is poorly documented but the mine reportedly produced
significant gold in the 1890's, at least 1,900 ounces, from a
series of shallow open cuts in sulfide-rich ore. The structural
setting of the mine is unclear due to poor outcrop but is evidently
located within a northeast-striking shear zone cutting the east
limb of a small anticline in the Rochford iron formation. The King of the
West-Yellow Bird area is marked by a strong arsenic soil anomaly
extending for over 400 m along strike
containing values greater than 3,500 ppm As, reflecting the
presence of highly oxidized arsenopyrite-rich mineralization.
The Black Eagle Mine is located on the west limb of a
significant synclinal fold in the Rochford iron formation. The mine was
developed historically through five shafts ranging from 23 to
37 m deep, a 244-m adit and
120-150 m of drifts and crosscuts
spread out over a strike length greater than 300 m. Although ore was found in numerous places
in these workings assaying from 10.85 to 18.66 g/t Au, the
ores were unoxidized and very poor recovery of gold values from the
sulfide-rich ores curtailed production and further development. A
shallow rotary hole drilled in 1978 at the Black Eagle intercepted
11.82 g/t Au over 1.83m
(0.38 opt Au over 6.00 ft.) from 27.4 to 29.3 m and 8.40 g/t Au over 1.83m (0.27 opt Au over 6.0 ft) from 32.9 to
34.8 m. Noranda explored the property
from 1986-1988, producing a strong arsenic-in-soil anomaly
measuring 150 by 230 m across, with
internal gold anomalies. Trenching within this zone produced highly
encouraging gold mineralization, including 4.45 g/t Au over
2.74m (0.143 opt Au over 8.99
ft.) and 4.73 g/t Au over 1.53m (0.152 opt Au over 5.02 ft.). A single
reverse circulation (RC) hole, BC-89-6, intercepted more than
60 m of Rochford iron formation with the structurally
thickened hinge region of the Black Eagle syncline. A cherty gossan
associated with a felsic tuffaceous horizon above the Rochford iron formation is also mineralized
for at least 1,070 m along strike a
few hundred meters west of the Black Eagle trend. Rock chip samples
along this gossan contain values of 500 ppb to 1,000 ppb Au and
this zone has never been systematically explored or drilled.
Jeff Hrncir, the Company's Chief
Geologist commented: "The newly staked Black Eagle-King of the
West trend further demonstrates the uniquely underexplored but
highly prospective nature of the Rochford District. The recognition of the
trend stems from ongoing technical studies of the Rochford District that highlighted the
potential of this area for near-surface high-grade gold
mineralization, which has been confirmed through recent sampling
and mapping efforts. Exploration at the Black Eagle and King of the
West-Yellow Bird Mines has been minimal to maximum depths of just a
few hundred meters, with almost no exploration outside the historic
mines, and no previous company has cohesively explored this
trend as a single exploration target. The 10 km stretch of
Castle Creek downstream of the Black Eagle-King of the West belt of
mineralized Rochford Formation was one of the largest placer gold
areas of the Black Hills (estimated production of as much as
several hundred thousand ounces) and supported the only floating
dredge in the region. Castle Creek gold is notably coarse and
nuggety and may have been derived from high-grade veins and shoots
within the iron formation in the vicinity of the Black Eagle-King
of the West mines. Previous drilling has demonstrated that the
Black Eagle, in particular, has the potential to host extremely
large volumes of mineralized Rochford iron formation within the large-scale
syncline structure."
About Mineral Mountain Resources and the Rochford Gold
Project
Mineral Mountain Resources Ltd., through its wholly owned
subsidiary Mineral Mountain Resources (SD) Inc., with a strong
technical and highly experienced team, is focused on the
exploration and, if warranted, development of its
100%-owned Rochford Gold Project physically
situated 26 kilometers south of the world's richest and largest
orogenic gold deposits, the Homestake Mine, within the highly
prospective Homestake Gold Belt in the Black Hills
of South Dakota, U.S.A.
With the staking of the Black Eagle-King of the West-Yellow Bird
Trend, the Rochford Project now covers 7,835 acres, covering
four major trends of structurally thickened auriferous iron
formation comparable to the ledge-type gold mineralization
developed at the Homestake Mine. The Standby Mine Target, the
Company's flagship project is the most advanced gold exploration
target within the Rochford Gold Project is believed to possess the
requisite volume of altered and gold-mineralized iron formation
needed to contain a large, economic gold resource.
Since 2013, the Company has continued to expand its land
position in the Rochford gold
district by professional claim staking and by purchasing
strategically located private properties that fall along two of the
major sub-parallel structural trends that host Ledge-type gold
mineralization. The Company now owns 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
several district scale gold discoveries.
On Behalf of the Board of Directors
MINERAL MOUNTAIN RESOURCES LTD.
"Nelson W. Baker",
President and CEO
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.
SOURCE Mineral Mountain Resources Ltd.