- Gold-Arsenic Anomaly 1000 metres long, up to 36.98 g/t Au in grab samples, 8 g/t Au in soils
- Impressive gold values ranging from 4.0 g/t Au to 13 g/t Au and 100 g/t Ag to 200 g/t Ag in soils
- Excellent potential to host sediment-hosted gold deposit
Mineral Mountain Resources Ltd. (TSX VENTURE:MMV - News; “Company”) is pleased to report that, as a result of an on-going reconnaissance-scale rock, soil and silt sampling program being conducted by the Company this field season, numerous high-priority reconnaissance level exploration targets have been delineated. Out of all of the numerous targets, three kilometric-scale target areas (Butte Bonanza, Black Warrior Area and Silver Leaf Ridge) contain highly anomalous gold, silver, arsenic anomalies that represent strong drill targets. The Kootenay Arc Property is the largest, contiguous claim block covering an area 70 km long by 15 km wide located 65 km southeast of Revelstoke, B.C.
The Kootenay Arc property hosts a wide variety of well-mineralized lower to mid-Paleozoic sedimentary and volcanic rocks deposited on the edge of ancestral North America and intruded by batholiths and syenite dikes. At the turn of the century, prospectors focused on numerous high grade silver vein systems up to 10 metres wide grading up to 6000 grams per tonne silver and up to 15 grams per tonne of gold. Some of these vein systems, like the Butte Bonanza, can be traced geochemically and by prospecting for a kilometre strike length.
In July 2010, the Company launched a systematic program consisting of stream and soil sampling complimented by geological mapping, prospecting and rock sampling. In the first ten weeks, with a helicopter supported six-man field crew, Mineral Mountain’s field crews discovered seven new showings and detected twenty-five new soil and rock geochemical anomalies along several parallel mineral trends within the Kootenay Arc Property. To date, over 3450 soil and 667 rock samples have been collected from the property and sent in for analysis. Results have been received for 2750 soil samples and 417 rock samples.
Favourable structural and stratigraphic settings within the Kootenay Arc Property, combined with the widespread nature of gold mineralization indicate that it has excellent potential to host a new style of bulk-tonnage, sediment-hosted gold deposit in the area. The Butte Bonanza, the Black Warrior and the Silver Leaf zones hosting, in some cases, kilometre-scale gold, arsenic, bismuth and antimony are significant new exploration targets. Mineral Mountain plans to complete surface geological mapping and sampling on the above three projects and other new anomalies in preparation for the first planned drilling program scheduled for the 2011 field season.
Nelson W. Baker, P.Eng, is the qualified person for this project and responsible for the contents of this news release.
About Mineral Mountain
Presently, Mineral Mountain has over $4 million in the treasury. Mineral Mountain has identified four major gold projects that meet the Company’s objectives:
- In south eastern British Columbia, the Company has identified the 80,600-hectare Kootenay Arc Project as having a geological environment that could host hypogene, sediment hosted precious metal deposits similar to those found in the Carlin Trend of Nevada and in the Selwyn Basin of Yukon.
- The 145 km2 Golden Harp Main Block and Block A options in the emerging Shining Tree mining camp hosts four known gold occurrences (Golden Sylvia, Copper Hill, Cook and MC Zone) that are all drill ready gold targets.
- The recently acquired Straw Lake Beach Mine Property that hosts Hemlo- style gold mineralization.
MINERAL MOUNTAIN RESOURCES LTD.
Nelson W. Baker, President and CEO
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.
The TSX Venture Exchange has not reviewed and does not accept the responsibility for the adequacy and accuracy of this news release.
Mineral Mountain Resources Ltd.
(604) 714-1119 (FAX)