Business
Mineral Mountain Closes Purchase and Sale Agreement With BHB Partners and has Completed the Compilation of Its Comprehensive Historical Database
VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 18, 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 - July 18, 2016) - Mineral Mountain Resources Ltd. (\"Mineral Mountain\" or the \"Company\") (TSX VENTURE:MMV) is pleased to announce that, further to its news release of March 7, 2016, the Company has closed the acquisition of 19 mining claims and a comprehensive historical database of exploration work (the \"Historical Database\") in the Rochford gold district, South Dakota, pursuant to the Purchase and Sale Agreement between the Company and with Larry Berger, Curt Hogge and Ron Berdahl (who are collectively known as BHB Partners) and Tate Berger (collectively, the \"Owners\"), as amended (the \"Agreement\"). The Company has also completed the compilation of the Historical Database, which led to the recent staking of 37 unpatented lode claims located along the Standby-South Standby-Lookout Mine trend which the Company believes has significantly improved the Company's strategic land position in the Rochford gold district. In addition, the Historical Database substantiates several positive geological and mineralogical comparisons between the Homestake Mine district and Rochford gold district and provides an immediate focus for future exploration. Since 2013, the Company has continuously added value to the Rochford Project through land consolidation, acquiring a significant database for the area and conducting what we believe to be the first high resolution helicopter-borne Mag and EM survey ever conducted in the area. Pursuant to the Agreement, the Company has acquired: (1) three strategically located unpatented lode mineral claim groups (the South Standby Property, the Cochrane South Property and the Silver Creek Property totaling 19 claims (approx. 380 acres) (the \"Purchased Claims\")); and (2) the comprehensive Historical Database, dating as far back as 1927, containing results from over $10 million US in historical exploration work conducted in the Rochford Gold District by six major explorers. Including the Purchased Claims, the Company's large contiguous land position in the Rochford gold district cover several Ledge-type synclinal limb folds that host important concentrations of gold mineralization associated with banded iron formation and similar to those produced at the Homestake Mine. The compiled database highlights four high priority gold targets, three along the Standby-Sou...