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Mineral Mountain Confirms Proof of Concept in the Homestake Gold Belt
Standby Drilling Results Has Identified a Classic Homestake-Style, Altered and Mineralized Shear Zone – East Limb Structure Highlights: Wide intervals of Homest
About this update from Badlands Resources Inc
[{"type":"text","content":" Standby Drilling Results Has Identified a Classic Homestake-Style, Altered and Mineralized Shear Zone – East Limb Structure Highlights: Wide intervals of Homestake-style gold mineralization intersected in all three drill holes. The Standby Property hosts an altered/mineralized shear zone in banded iron formation that is part of the Standby Synclinal structure, which has the magnitude to host a Ledge 9-scale gold deposit. Gold is associated with 30 meter wide intervals of chert-grunerite-siderite-pyrrhotite iron formation, with extensional gold bearing quartz veins and chlorite selvages which is classic Homestake-type mineralization. Increasing quartz flooding, hydrothermal chlorite alteration, remobilized pyrrhotite, arsenopyrite percentages and gold grades provide a strong vector both down dip and down plunge from ST18-003. Nine (9) additional drill holes are planned to resume next week first to test down dip under ST18-003 and then to subsequently test the West Limb structure that has never been drill tested historically. VANCOUVER, British Columbia, May 03, 2018 (GLOBE NEWSWIRE) -- Mineral Mountain Resources Ltd. and its subsidiary Mineral Mountain Resources (SD) Inc. (“Mineral Mountain” or the “Companies”) (TSX.V:MMV) (OTCQX:MNRLF) are pleased to report that the analytical results for the initial three (3) of the planned twelve (12) NQ diamond drill holes, ST18-001, ST18-002 and ST18-003 totaling 1,322m have been received on the Companies Standby Mine Target in the Rochford District in the Black Hills of South Dakota. All three holes have only intersected the top 330m of a major southeast trending shear and alteration system measuring 30m wide by greater than1800 m down plunge. Gold mineralization within this 30m wide structure improves from 2.0 g/t Au over 3.2 m in ST18-001, to 1.1 g/t Au over 6.4 m in ST18-002, to 2.8 g/t Au over 6.1m in ST18-003 (see 3D Isometric View and Drill Hole Locations posted on the Company’s website www.mineralmtn.com ). The more than doubling of gold grade over similar widths, along with a substantial increase in arsenopyrite, from ST18-002 to ST18-003, provides a strong vector toward higher grade gold mineralization down dip of this section. (Note: Pictures of arsenopyrite-bearing core from ST18-003 has been posted on the Company’s website www.mineralmtn.com). A planned hole in the current dril...