Business
Standby Gold Zone Considered to Be a Homestake-Style Discovery: Major Volume of Untested Gold Potential Corridor Requires Both In-Fill Drilling and Continued Exploration Drilling Down Dip and Down Plunge
Standby Gold Zone Considered to Be a Homestake-Style Discovery: Major Volume of Untested G...
About this update from Badlands Resources Inc
[{"type":"text","content":"\n\n\n\nStandby Gold Zone Considered to Be a Homestake-Style Discovery: Major Volume of Untested Gold Potential Corridor Requires Both In-Fill Drilling and Continued Exploration Drilling Down Dip and Down Plunge\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, April 9, 2020\n\n\n\nMMV: TSXVMNRLF: OTCQBM8M: FRANKFURT\n VANCOUVER, April 9, 2020 /CNW/ - Mineral Mountain Resources Ltd. and Mineral Mountain Resources (SD) Inc. (\"Mineral Mountain\" or the \"Company\") (TSXV: \"MMV\") are pleased to report that Standby Gold Project represents a new Homestake-style gold discovery, 25 kilometres south of the Homestake Mine, that shares the critical characteristics of the Homestake Gold System, including predictability and grade of gold mineralization, structural control of mineralization along late near-vertical shear zones which cut complexly folded and thickened iron formation, and a style of mineralization characterized by hydrothermal chlorite alteration, quartz veining and silicification, remobilized pyrrhotite, and coarse grained euhedral arsenopyrite that is broadly correlated with gold mineralized intervals.\nUpper Tail Gold Zone\nThe Standby Mine Gold Zone, mined historically in the early 1900's, considered to be upper-tail type gold mineralization has now been extended to a plunge length of 850 metres (2,788 feet) as a result of drilling during the 2018 and Q4-2019-Q1-2020 campaigns that extended the mineralized trend an additional 400 metres (1312 feet). Within this gold-bearing corridor 4 drill holes, BLG-UG3 (81.93 gram-metres Au), ST18-006 (39.84 gram-metres Au), ST18-003 (21.10 gram-metres Au) and SM86-01 (26.18 gram-metres Au), are considered to be well within an underground grade threshold of 16.00 gram-metres Au. (See Figure 1 below). The Company believes that these concentrations of gold mineralization are indicative of upper tail-type gold mineralization transitioning down plunge to the upper portion of an ore centroid.\nA program of in-fill drilling is planned to intersect the Standby Mine Gold Zone at 40-metre centres testi...