MMV-TSX-V
MNRLF-OTCQB
M8M:FRANKFURT
VANCOUVER, BC, April 19,
2022 /CNW/ - Mineral Mountain Resources Ltd.
("Mineral Mountain" or the "Company") (TSXV: MMV)
(OTCQB: MNRLF) (FRANKFURT: M8M) is pleased to announce that Mineral
Mountain's structural compilation completed by globally renowned
SRK Consulting and the recently completed Re-Os age dating of
sulfide mineralization by Dr. Holly
Stein of the AIRIE (Applied Isotope Research) program at
Colorado State University confirm a
regional connection between the Rochford and Homestake gold camps (see
Figures 1 and 2 attached). The critical insights are:
- For most of their histories, the Rochford and Homestake Districts were
adjacent
- Restoration of 14 km of offset along the regional Homestake
Shear Zone directly juxtaposes the two camps and connects their
major anticlinoria into a single early structure
- In both camps, gold mineralization is hosted in iron formation
wrapping around these regional antiforms
- Although the iron formations are different in age in the two
camps, the architecture and geology are nearly identical.
- Figure 1
https://3vf9cl49jo8n2mlauk175y9t-wpengine.netdna-ssl.com/wp-content/uploads/2022/04/Xerox-Scan_04182022064005_Page_1.jpg
- Figure 2
https://3vf9cl49jo8n2mlauk175y9t-wpengine.netdna-ssl.com/wp-content/uploads/2022/04/Xerox-Scan_04182022064005_Page_2.jpg
Iron formation-hosted (BIF) gold mineralization in the northern
Black Hills is found in two regions: the Homestake camp around Lead
and Mineral Mountain's 7800-acre Rochford Project. The recognition
of a major shear zone between the two camps has profound
implications for gold exploration within Company
Claims. Restoration of at least 14 kilometers of late-stage
offset along this shear system places the Rochford and Homestake camps in direct
proximity, and links their hosting anticlinoria into a single major
regional scale structure, with older stratigraphy containing the
Homestake iron formation dominating around Lead and younger iron
formations around Rochford.
"Unfolding" the complexly deformed Precambrian rocks in the
northern Black Hills reveals a single major antiform that
controls gold mineralization that is profoundly
well-mineralized and contains the supergiant Homestake camp, the
highly prospective and underexplored Rochford camp, and, also controls the
Tertiary-aged Wharf Mine that contains >8 million ounces of gold
remobilized from older Precambrian iron formation at depth. Most of
the shearing that displaced the Homestake and Rochford districts occurred during a regional
gold mineralization event at ~1735 Ma, which has been recently
confirmed through precise Re-Os sulfide age dating by Mineral
Mountain. This event introduced >70 million ounces of gold into
the Homestake deposit and formed widespread virtually unexplored
gold mineralization in the Rochford District. Given the similarities
between the two camps, Rochford is
interpreted to contain very high potential for multiple
Homestake-type iron formation gold targets. Unpublished age dating
of the Precambrian schists within the Rochford District, combined with the new
structural insights from the SRK study, opens up the possibility
for exposures of older Homestake Mine stratigraphic units,
including the Homestake iron formation itself, within deeply
uplifted structural blocks particularly in the northeastern part of
the district.
Mineral Mountain has assembled a district-scale land position at
Rochford totaling 7,858 acres
through ongoing acquisitions since 2016. Around a dozen historic
mines produced up to 50,000 ounces of gold each from iron
formation-hosted deposits in the Rochford District at Homestake-like average
grades ranging from 4 to 10 g/t Au. Only two of these mines
have been drill-tested in any significant way; Mineral Mountain's
Standby Mine and the Cochrane Mine (of which Mineral Mountain
controls >1,500 meters of down-plunge extent below a depth of
300 meters). Of 184 exploration holes known to have been drilled in
the Rochford District prior to the
entry of Mineral Mountain in 2013 totaling just 29,085 meters, all
but a handful have been limited to depths of less than 250 meters.
Many areas of iron formation with strong gold mineralization at
surface have never been drill tested at all. The new technical
insights at Rochford have enabled
Mineral Mountain's technical team to evaluate and rank the
prospective drill targets.
About Mineral Mountain
Mineral Mountain Resources Ltd., through its wholly owned
subsidiary Mineral Mountain Resources (SD) Inc. 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 7,858 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.
In the coming weeks, Mineral Mountain will be providing exciting
new information pertaining sampling results from our five
strongest gold targets defined to data and details of our fully
permitted 9,000 m drill program to
test the Standby Mine target down-plunge.
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.