Business
Mineral Mountain Announces Annual General Meeting Results and Termination of Holy Terror Option Agreement
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 23, 2016) - Mineral Mountain Resources Ltd. ("Mineral Mountain" or the "Company") (TSX VENTURE:MMV) is pleased
About this update from Badlands Resources Inc
[{"type":"text","content":"VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 23, 2016) - Mineral Mountain Resources Ltd. (\"Mineral Mountain\" or the \"Company\") (TSX VENTURE:MMV) is pleased to announce that at the Company's Annual General Meeting of shareholders on November 21, 2016 (the \"Meeting\"), the Company's shareholders approved all items of business before the Meeting and elected Nelson Baker, Barry Coughlan, James Clark, Marshall Bertram, Bradley Baker and Trevor Thomas as the Company's Board of Directors. The Company also announces that it has received a notice of default from Holy Terror Mining Company (\"HTMC\") in respect of the property option agreement dated May 30, 2012, as amended (the \"Holy Terror Option Agreement\"), between the Company and HTMC pursuant to which HTMC granted the Company an option to earn up to a 75% interest in and to the Holy Terror property in the Keystone Mining District, South Dakota. The Company did not fulfill the requirements under the Holy Terror Option Agreement to earn an initial 60% interest in the Holy Terror property and as such, the agreement has been terminated. The Company's focus over the past year has been its Rochford Gold Project. As noted in the Company's news release of November 8, 2016, the Company has identified large-scale ledge-type high grade gold targets with estimated extensive down plunge lengths of up to 3.0 kilometers in the Standby Mine Trend and the Cochrane South Trend and the Company has engaged the services of FMG Engineering based in Rapid City, South Dakota, to initiate the permitting process to drill 20,000 meters of core drilling to test both targets. About Mineral Mountain Resources and the Rochford Gold Project 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 situated along the highly prospective Homestake Gold Belt in the Black Hills of South Dakota, U.S.A. The Rochford Project covers approximately 7,500 acres and straddles three major trends of structurally thickened auriferous iron formation that host ledge-type gold mineralization. Since 2013, the Company has continued to expand its land position in the Rochford Gold District by professional claim staking and also by purchasing strategically located private proper...