Business
Mineral Mountain Resources Announces Summer Drilling Program
VANCOUVER, June 3, 2019 /CNW/ - Mineral Mountain Resources Ltd. ("Mineral Mountain" or the "Company") (TSXV: "MMV") is pleased to announce that it has received
About this update from Badlands Resources Inc
[{"type":"text","content":" VANCOUVER, June 3, 2019 /CNW/ - Mineral Mountain Resources Ltd. (\"Mineral Mountain\" or the \"Company\") (TSXV: \"MMV\") is pleased to announce that it has received the core hole permits drill its Standby Project. All sites approved are in all-year drilling locations and the Company intends to use \"low impact\" environmentally friendly practices. The coring program is set up to drill in excess of 4,000 meters. The Standby Project summer program will focus on a mineralized gold zone previously drilled by Mineral Mountain (2018) and by Homestake Mining Company (historical drilling) at depths from surface to a vertical depth 950 meters (2945 feet). Within the 30 meter (93 feet) wide gold bearing formation, assayed grades from these past core hole programs ranged from 2.3 g/t Au to over 10.0 g/t Au. These past core holes were from near to surface to a vertical depth of 1300 meters (4030 feet). The summer drill program will sample the gold bearing formation from 400 meters (1240 feet) to 1000 meters (3100 feet) total vertical depth. These are similar depths to the Homestake Mine 26 kilometers to the northwest. Of the 40 million ounces produced at the Homestake Mine, 30 million ounces of gold were produced at these depths. The first drill hole will go to a vertical depth of 950 meters using directional drilling for control and will include down hole DHEM geophysics. Stated Nelson W. Baker, President and CEO of Mineral Mountain Resources Ltd.: \"Our Phase 1 drill program completed late last season and the Company's comprehensive database provide strong report that the 30 meter wide gold structure, which hosts the surface workings of the Standby Mine deposit, Mineral Mountain's technical data indicates this structure to be part of a large, deep, thickened of gold hosted iron formation, similar to the host rocks of the Homestake Mine, that plunge south-southeast.\" Mineral Mountain has reworked its field data including drilling data from 2018 and has concluded there are two other similar sized magnetic features considered to be strong gold targets all located within a 5- kilometer area. Mineral Mountain Resources Ltd. (\"Mineral Mountain\" or the \"Company\") (TSXV: \"MMV\") announces that it is continuing its a non-brokered private placement (the \"Private Placement\") on the same terms announced in the Company's press released ...