VANCOUVER, March 30, 2020 /CNW/ - Mineral Mountain Resources Ltd. ("Mineral Mountain" or the "Company") (TSXV: "MMV") is pleased to report that the Company is still in the process of receiving and compiling gold assays from the Q4 2019 – Q1 2020 portion of its drilling program at the Standby Trend Target, and then integrating these results with the previously released 2018 Standby Target and historical drilling results, within and near the Standby Gold Trend. The assays and interpretation will be published on April 9th, 2020.
Current work is focused on compiling, categorizing and displaying all historical drill-core gold intersections in gram-meters Au values, as well as in grams / tonne gold concentrations. Utilizing Leapfrog Geo software the Company is able to present the results in 3D images. Geologic updates, including new intersections of iron formation, and penetrations of the East Limb Shear Zone structure, are also being added to, and integrated into, the 3D geologic model.
The Company is integrating pathfinder elements, such as Au-related arsenopyrite mineralization, and alteration intensity, including quartz veining, hydrothermal chlorite alteration, and remobilized gold-related pyrrhotite alteration, into it's 3D model. The Company thus has an integrated method for recognizing and targeting drilling vectors toward increased gold mineralization.
This type of exploration approach seeking gold - associated hydrothermal alteration in addition to just gold values, had proven very successful for Homestake Mining Company during their exploration and development programs. These programs resulted in the discovery of the 15-Ledge gold mineralization within the Homestake Mine complex, and the Homestake North Ledge discovery several kilometers northwest of the mine complex.
At this time, the Company is complying with governmental orders and advice, and internal company protocols on travel restrictions, social distancing, and allowable business activities during the ongoing COVID-19 pandemic in order to keep Company personnel, contractors and local community contacts safe during this uncertain period. We will continue to assess the timing of when active drilling and fieldwork can be resumed. Currently, all Company personnel are working remotely but in regular voice and data communications as we progress the compilation and targeting.
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.
For further information: Brad Baker, Vice-President Corporate Development & Director, (778) 383-3975, [email protected]; Or visit our website: www.mineralmountainresources.com