Banded iron formation-hosted gold deposits are attractive exploration targets thanks to their potential for large, district-scale mining and rank highly as unique exploration targets. In the
- Historically the Rochford and Homestake districts were adjacent. Restoration of a 14 km offset along the regional Homestake shear zone directly juxtaposes the two camps and connects their hosting camp-scale antiforms into a single structure
- In both camps, gold mineralization is hosted in lithologically similar iron formation
- Although the iron formations are different in age in the two camps, the age of the gold mineralization and overall structural controls to ore bodies, are identical.
Currently, the Company controls a significant land position consisting of 7,858 acres consisting of 476 unpatented BLM lode claims renewed to
STANDBY
Mineral Mountain's proposed 2021 drilling program will focus on the Standby
- Target Area One: Several additional holes around MMV hole ST18-006, which cut 43.5 m @ 1.21 g/t Au.
- This hole was near historic drill hole BLG-UG-03 that cut 25.91 m @ 3.19 g/t Au, including 10.67 m @ 5.14 g/t Au.
- These intercepts were 100-150 m below surface and represent the opportunity to outline a near-surface high grade ore shoot in the Upper Tail environment.
- Target Area Two:
- Down dip and down-plunge of a near massive intersection of arsenopyrite in the Poverty Gulch Formation intersected in MMV hole ST19-011 (6.09 m @ 1.81 g/t Au.
- Mineralization of this type is rare and unusual and likely represents structurally controlled leakage from a better gold zone.
- Where the arsenopyrite-rich shear zone cuts the underlying iron formation is potentially a high-grade Ore Centroid drill target.
- Target Area Three:
- Drill test the down-plunge area between Target Two and 3.05 m @ 10.23 g/t Au intersected 1,000 and 1800 m down plunge,
Finally, the
On Behalf of the Board of Directors
"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.
SOURCE
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