- Contract for 2200 line kilometer Aero TEM and Mag survey signed
- Black Warrior Trend - High Priority Exploration Target
- 8 km long 75 m wide with impressive grab samples up to 15 g/t Au and 12,187 g/t Ag.
- Numerous high grade silver and gold soil anomalies along the 8 km trend.
Vancouver, British Columbia: Mineral Mountain Resources Ltd. (MMV.TSX-V) (“Company”) is pleased to report that, based on the encouraging results of 6260 soil, silt and rock samples taken in the 2010 field season, the Company has approved a $2.5 million program consisting of an airborne AeroTem and Mag survey, geochemical sampling, detailed surface geological mapping and 3,000 metres of diamond drilling targeting the four highest priority kilometric-scale gold and silver soil anomalies, including the Black Warrior Trend, defined from the 2010 field program conducted over the 100%-owned 88,000 hectare Kootenay Arc Project located about 65 km southeast of Revelstoke, British Columbia (see news release of October 28, 2010 on the Company’s website www.mineralmtn.com).
Black Warrior Trend (8 km long and open)
The Black Warrior occurrence, which has never been drill tested historically, is central to an 8 km trend of mineralized occurrences that average 75 metres in thickness consisting of a quartz-sulphide vein at or near the contact between limestone and graphitic argillite. The average thickness of this highly mineralized bed is 75 metres. At the main Black Warrior occurrence, where some historical mining took place, there are intersecting vertical and horizontal veins containing massive galena, some chalcopyrite and sphalerite, and variable amounts of high grade silver and gold. The zone is centered on a near vertical, mineralized quartz vein which is exposed for a strike length exceeding 100 m. Here, the vein is 0.60 -2.40 metres wide and is localized between limestone and graphitic schist. It is typically mineralized with quartz, coarse grained galena, pyrite with minor sphalerite and chalcopyrite. A grab sample collected of the Black Warrior vein returned 15.0 g/t gold, 12,187 g/t silver.
- Black Warrior Historical Results
Channel sample over 1.90 m of Main Vein graded 20.30% Pb, 0.22% Zn, 844.8 g/t Ag, 1.0 g/t Au, 0.15% Cu
Another grab sample from a 1 m wide zone of quartz-carbonate stockwork in limestone graded 0.08% Pb,9.39% Zn, 65.8 g/t Ag, 15.1 g/t Au, 5.16% Cu 50m south of the Adit.
Other channel samples taken from the Black Warrior Occurrence ran 28.40% Pb, 0.13% Zn, 1920.7 g/t Ag 2.1 g/t Au 1.00% Cu over 0.90 m., 25.39% Pb, 1.93% Zn, 1663.2 g/t Ag 11.0 g/t Au 21.45% Cu over 0.90 m., 85.31% Pb, 0.96% Zn, 3908.6 g/t Ag 0.07 g/t Au 0.29% Cu over 0.23 m., and 0.35% Pb , 16.23% Zn, 55.2 g/, Ag, 3.77 g/t Au, 5.78% Cu over 1.50 m.
Importantly, detailed soil sampling in the vicinity of the Black Warrior Occurrence confirmed a very strong geochemical anomaly 80-90 m from the vein system associated with a recessive bed of graphitic argillite in contact with the mineralized limestone. The highest soil value recorded from the 2010 geochemical sampling program was 190 g/t Ag and 5.6 g/t Au.
Three Other Drill Targets
Within the 88,000 hectare property several highly anomalous Au, Ag, Pb, Zn, Cu, As geochemical target area that are kilometric-scale. In addition to the Black Warrior Trend scheduled for drill testing this coming field season four other targets are scheduled for drill testing:
- Butte Bonanza: 950 m gold in soil anomaly
- SEDIMENT-HOSTED GOLD POTENTIAL
- AU, AG, AS
- GOLD IN SOILS UP TO 36.98 G/T AU
- POTENTIAL CARLIN-STYLE TARGET
- PULLEY CREEK: 9.5 KM LONG AND OPEN
- AG IN ROCK SAMPLES UP TO 2776 G/T AG
- MULTIPLE HIGH GRADE AG, AU VEINS
- UNTIED KENO-TYPE TARGET
- SPINE MOUNTAIN: 12 KM LONG AND OPEN
- HUGE UNTESTED GOSSAN
- MULTIPLE 200-300 M WIDE AG, CU SOIL ANOMALIES
- AG, CU
- Butte Bonanza: 950 m gold in soil anomaly
The Black Warrior, Butte Bonanza, Pulley Creek and Spine Mountain Trends are significant new exploration targets, particularly for their gold and silver potential. In preparation for the first planned diamond drill program this coming field season, the Company has signed a contract with Aerotem Airborne to complete a 2200 line kilometer Aero TEM and Mag survey over the Company’s prime target areas and plan to conduct additional geochemical sampling and mapping on the property.
Wally Rayner, P. Geo., the Company’s Vice President of Exploration, has verified the contents of this press release and is the Qualified Person for this project.
About Mineral Mountain
Mineral Mountain is a well-funded explorer and developer of precious metals with approximately $8 million in its treasury. The Company has four major gold projects that meet Mineral Mountain’s long term objectives of becoming a strong mid-tier resource group. In south eastern British Columbia, the Company’s 100%-owned 88,000-hectare, 70 km by 15 km Kootenay Arc Project is believed to have a geological environment for sediment-hosted precious metal deposits similar to those found in the Carlin Trend of Nevada and in the Selwyn Basin of Yukon. In the emerging Shining Tree gold mining camp 100 km south of Timmins, Ontario, the Company, through its joint venture with Golden Harp Resources Inc. has become a key explorer in the district. The 145 km_ Golden Harp Main Block (60%) and Block A (70%) options host large gold systems that offer above average potential to host both bulk tonnage and high grade gold mineralization. The recently acquired 11 km by4 km Straw Lake Beach Mine Property and the Whetstone Mineral claims 70 km northeast of the Rainy River deposit offers great potential to host either a Hemlo-style gold or a Hammond Reef-style bulk tonnage gold deposit models.
On Behalf of the Board of Directors of
MINERAL MOUNTAIN RESOURCES LTD.
“Nelson W. Baker”, President and CEO
For further information, please contact
Brad Baker, Vice-President Corporate Development & Director
Telephone: (604) 714-0111
The TSX Venture Exchange has not reviewed and does not accept the responsibility for the adequacy and accuracy of this news release.
This release includes certain statements that may be deemed to be “forward-looking statements”. All statements in this release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward looking statements. Forward looking statements are 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 statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Factors that cause the actual results to differ materially from those in forward-looking statements 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 statements 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 those forward-looking statements 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.