Business
Mineral Mountain Continues to Expand Its Land Position in the Rochford Gold District, Black Hills, South Dakota
VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 22, 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 - June 22, 2016) - Mineral Mountain Resources Ltd. (\"Mineral Mountain\" or the \"Company\") (TSX VENTURE:MMV) is pleased to announce that the Company has increased its 100%-owned land position in the Rochford Gold District to 5,447 acres (2179 hectares) by staking an additional 37 unpatented lode mineral claims totaling 606 acres (242 hectares). In all, the Company now owns a contiguous land position located in Lawrence and Pennington Counties totaling 345 unpatented lode mineral claims. The northern boundary of the Company's land holdings is located 18 km (11 mi.) south of the Homestake Mine deposit. The close similarities between the Homestake Mine and the Rochford District in host rock composition, structural style, metamorphic grade, and gold mineralization suggest that the Rochford District has the potential to contain a large gold resource. The property covers four high priority gold targets that are situated within two structural corridors that host Homestake Ledge-type gold mineralization associated with banded iron formation documented by Noranda, Newmont, Western Mining and Homestake between 1982 and 1996. All four priority targets, if traced systematically down the limb fold plunge by diamond drilling are considered to be above average for the discovery of Ledge-type gold deposits. The four gold targets, three along the 5.5 km long Standby-South Standby-Lookout Mine Trend and the fourth along the 1 km long Cochrane Trend, require a well-planned drill program initially totaling 9,000 meters of drilling. (see release dated March 7, 2016) The Rochford Gold District Despite the similarities to Homestake, and compelling evidence for gold mineralization, the Rochford District has remained under explored. The Rochford Gold District is located approximately 26 kilometers south of the world's largest banded iron formation hosted gold deposit, the Homestake Mine, which produced nearly 40,000,000 ounces of gold averaging about 10.89 g/t Au (0.350 opt) over the life of the mine from 1876 to 2001. The geology of the Rochford District is remarkably similar to that at the Homestake Mine with gold hosted in multiple deformed Proterozoic carbonate facies and local sulfide-facies iron formation that has typically been metamorphosed to cummingtonite/grunerite phyllites/schists and chlorite schi...