VANCOUVER, BC, Dec. 29, 2021 /CNW/ - 2021 has been an
exceptional year in so many ways for all of us. Here, at Mineral
Mountain, much has taken place that will have all of us looking
forward to 2022.
I am passionate in my belief that our Company is on track to
discover multiple deposits in the Rochford Gold District of
South Dakota rivalling the famous
Homestake Mine. Research completed in 2021, by your Company,
identified it as the most underexplored orogenic gold province in
Our prospects for a major gold discovery in 2022 are beaming
Several things to brighten your year-end and to look forward
to in 2022:
- The Rochford Gold District occurs within the world's richest
banded iron formation (BIF) indicative of district-scale.
- The geology and scale-potential at Standby is exceptional;
additionally, we have identified several gold targets within our
Rochford District holdings that
are capable of hosting major gold resources.
- In July,2020, SRK Consulting (Canada) Inc. was commissioned to complete a
regional structural geological interpretation of electromagnetic
and magnetic data acquired from the Company's two helicopter-borne
geophysical surveys. We received this detailed report in
February 2021 and followed up on its
- Premier gold ore host in banded iron formations (BIF) with
significant along strike continuity;
- Economic ore bodies are localized within thickened synclinal
fold hinges intersected by regional-scale NW trending shears;
- Magnetic response at Standby can be identifies in depth slices
as deep as 2,000 meters below the Standby Mine shaft and there is a
south plunge to the BIF.
- The Rochford District is an
equivalent of the Homestake Mine District. At one time, the two
gold districts were adjacent and connected in a single structure.
Homestake consisted of hundreds of individual mineable bodies
occupying a broad mineralized zone called a "ledge". Each "Ledge"
at Homestake and at Standby is characterized by "upper tail",
"ore centroid" and "lower tail" high grade gold
zones. Based on our database, we believe Standby to
be equivalent to Homestake's #9 "ledge" which hosted a
deposit of 9.5 million ounces of gold.
- The Company has drilled the upper tail at Standby and, compared
to historical records, the results recorded by your Company,
are significantly better than the early drilling
results at Homestake.
- The proposed Phase 3 drill program represents a continuation of
the systematic drilling strategy to follow the gold mineralization
down plunge to a high grade "Ore Centroid".
- The Company's most advanced gold target, the Standby BIF
Target, has been identified as two hundred metres wide and has been
intersected for 1800 metres down plunge (1,000 metres vertical
depth) and remains open at depth, yielding massive
potential. Other prospective targets such as the Cochrane, Standard and Lookout properties all have the
potential to host similar large-scale deposits.
- In November we announced a Private Placement funding of
USD $5 million with anticipated
closing in the new year and launching of a 9,000-metre drill
program in the first quarter of 2022. This program is to identify
the Ore Centroid at Standby which would be a potential game
changing discovery for the Company.
I thank you, the Shareholders, for your trust, loyal support,
and faith that you have placed in us over the years. I am pleased
to say that never in all my years as a professional geologist have
I ever been so confident and excited about where we are as a
Company and with the huge rewards that lie ahead for you the
shareholder in 2022.
My thanks and congratulations to all our directors, management
team, field personnel, and contractors who have worked diligently
to get us to this exciting period in the Company's evolution.
With that I wish you all the very best for the remainder of this
year and the very best for all of you and your loved ones in 2022.
Stay safe and COVID free.
SOURCE Mineral Mountain Resources Ltd.