VANCOUVER, Nov. 19, 2018 /CNW/ - Mineral Mountain Resources Ltd. (MMV-TSX.V) and its wholly-owned subsidiary Mineral Mountain Resources (SD) Inc. ("OTCQX: MNRLF") are pleased to report that the Company has engaged the professional services of Devico AS (www.devico.com), recognized experts in directional core drilling ("DCD"), to partner with our drill contractor, First Drilling (www.firstdrilling.com), to target over 1,130 m (3500 ft) the down plunge length of the East Limb Structure and the previously drilled Homestake (1987) high grade gold zones 967 meters (3,000 ft.) vertically below surface.
Devico has over 30 years of successful DCD experience in more than 50 countries, including North America, and will provide this unique technology, along with borehole planning, as a service to the Company. At the Company's request, Devico has designed a borehole plan for it's 2018 Phase 2 drill program, consisting of a "mother hole" and multiple branch holes targeting the high grade gold zone referred to above.
Using a steerable wireline core barrel, this method significantly reduces the cost by hitting targets quicker and more accurately than traditional methods. By making multiple branches of up to 30 holes from a mother hole that is estimated to be about 1000 meters (3,100 ft.) deep, this DCD technology dramatically reduces both the time spent and the overall costs. A major benefit to directional drilling is that this method is amenable to multiple highly accurate cross cuts off the mother hole to penetrate the main mineralized shear zone down plunge. As in Phase 1, this mother hole will be probed by "state of the art" bore hole EM technology ("BHEM"). This BHEM technology is designed to detect conductive bodies off hole down plunge along the East Limb Structure towards the high grade gold zone. An updated presentation including proposed drill holes has been posted to the companies website.
In addition to the Company's Standby Project, there are a significant number of large-scale magnetic anomalies lying on the Standby-Bloody Gulch-Lookout Trend and other parallel trends that are covered by Mineral Mountain claims in the Rochford District, most of which have not been tested at depth, or have never even been drilled in some cases.
About Mineral Mountain Resources and the Rochford Gold Project
Mineral Mountain Resources Ltd., through its wholly owned subsidiary Mineral Mountain Resources (SD) Inc., is focused on the exploration of its 100%-owned Rochford Gold Project situated along the highly prospective Homestake Gold Belt in the Black Hills of South Dakota, U.S.A. The Rochford Project covers over 7,500 acres and straddles three major trends of structurally thickened auriferous iron formation that host ledge-type gold mineralization.
Since 2012, the Company, through its wholly owned subsidiary Mineral Mountain Resource (SD) Inc., has spent over $10 million US in gold exploration in the Black Hills of South Dakota. It controls the largest land position in the Rochford greenstone belt and possesses by far the largest and most comprehensive database for the district in modern day exploration history! Phase 1 drilling on its Standby Project confirms that Homestake-style mineralization does occur with the Rochford Project area. The Rochford Project is vastly under-explored.
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.
For further information: please contact: Brad Baker, Vice-President Corporate Development & Director, (604) 714-0111, [email protected]; Or visit our website: www.mineralmtn.com