- 12 high grade bedrock grab samples collected from 120-metre long Black Warrior Anomaly averaged 3455.9 g/t Ag (122.0 opt).
- Bedrock source is in graphitic argillite beds.
- High grade mineralization appears to be stratabound and due to silver-sulfosalts.
VANCOUVER, BRITISH COLUMBIA: Mineral Mountain Resources Ltd. (MMV.TSX-V)(“Company”) is pleased to report that a 3,000-metre drill program, designed to drill test three kilometric-scale, high grade gold and silver anomalies defined during our 2010 field program, has begun. As previously indicated in a news release dated March 24, 2011, the Company has prioritized the gold-silver anomalies based on the highly encouraging results recorded from a combination of 6260 soil, silt and rock samples collected from the 2010 field program, detailed geological mapping and on the recent completion of a 2200-line kilometer AeroTEM and Magnetic survey flown over the Butte Bonanza and Spine Mountain mineral trends (Black Warrior flown in 2008). The Company has now increased the size of its 100%-owned Kootenay Arc Project to 101,000 hectares up from 88,000 hectares reported previously.
Priority 1 Drill Target – Black Warrior Ag-Au-Pb-Cu Anomaly
Systematic soil sampling, rock sampling and limited hand trenching has defined a 120-meter long Ag-Au-Pb-Cu anomaly associated with a band of graphitic argillite 80-90 meters north and parallel to the historical Black Warrior adit, one of the highest grade historical silver-lead producers in the area. Detailed follow-up by Mineral Mountain’s technical team confirmed that the graphitic argillite beds and not the limestone units were the likely source of spectacular grades of silver up to 12,187 g/t Ag (355.5 opt), gold up to 15 g/t gold and impressive lead, copper and zinc values. Out of 54 rock samples collected along the 120-meter long anomaly, 12 of the samples averaged an impressive 3455.9 g/t Ag (120.0 opt).
The Black Warrior anomaly occurs 4.6 km from a logging road at an elevation of 1740 meters. A minimum of 3-300 meter drill holes are scheduled to test target,
Priority 2 Drill Target – Butte Bonanza Trend (Au, Ag, As)
The 950-meter long Butte Bonanza gold-silver-arsenic anomaly is readily accessible by logging road and at the lowest level of all our proposed drill targets. Gold in soils up to 36.98 g/t Au were recorded during the 2010 file season. Rock samples collected along the 950-meter long anomaly recorded a number of grab samples exceeding a gram per tonne gold with the highest sample returning 16.6 g/t Au. Since this target is readily accessible by logging road from Trout Lake, B.C., this excellent Au-Ag target will be drill tested first. A total of 3-300 meter drill holes have been planned to test this anomaly.
Priority 3 Drill Target –Spine Mountain Trend (Ag, Cu, Au)
A prominent, 300-meter wide gossan carrying highly anomalous Ag-Cu-Au values in soil and grab samples is hosted in a conductive graphitic phyllite horizon that can be traced by AeroTem and by magnetics for 12.5 kilometers. Due to the extreme width in the mineralized gossan and its bulk tonnage potential, this target is considered to be a high priority one.
Terralogic Exploration, an experienced consulting firm based in Cranbrook, British Columbia, have been engaged by the Company to implement all phases of this drill program. Wally Rayner, the Company’s Vice President of Exploration, has verified the contents of this press release and is the Qualified Person for this project.
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 Email: email@example.com
Kin Communications (604) 684-6730 Email: firstname.lastname@example.org
“Neither TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this 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.