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VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 03/14/13 -- Mineral Mountain Resources Ltd. (TSX VENTURE: MMV)(OTCQX: MNRLF) -
Highlights:-- HT-13-030 intersects 4.1 g/t (0.12 oz/t) over 12.19m including 10.36 g/t (0.30 oz/t) gold over 3.93m approx. 230m below surface-- HT-13-017 intersects 4.84 g/t (0.14 oz/t) over 9.49m including 10.0 g/t (0.29 oz/t) gold over 3.20m-- HT-13-015W intersects 5.11 g/t (0.15 oz/t) gold over 4.00m-- High grade gold zones expand the Bismarck Mine and remain untested to depth and along strike
Mineral Mountain Resources Ltd. ("Mineral Mountain" or the "Company") is pleased to report assays from part of the 2013 Phase II drilling program at its Holy Terror Project (HTP) located 55 kilometres southeast of the formerly producing Homestake Mine in South Dakota, USA. Since the Phase II drilling began on January 15, 2013, a total of eighteen drill holes were completed totaling 3,230.4 metres. Sixteen drillholes are included in this release totalling 2,698 metres and all were drilled at the Bismarck Mine area. The remaining two holes targeted the Egyptian Mine gold zone approximately 200 metres to the southeast and the North Keystone Mine horizon about 500 metres to the southeast and the results for these holes are still pending. A vertical longitudinal section to accompany this release is posted on the Company's website: www.mineralmtn.com.
Phase II Bismarck Mine Drilling
The Phase II drilling program was focussed solely at the Bismarck Mine and designed to both confirm and expand the known high grade, shallow gold mineralization. Down dip continuity of the main zone was demonstrated by drillhole HT-13-030 which intersected 10.36 g/t (0.30 oz/t) gold over 3.93m approx. 90m below the bottom of the Bismarck Mine shaft. This mineralization was hosted in a larger shear zone carrying 4.1 g/t (0.12 oz/t) gold over 12.19m. HT-13-016 confirmed this zone expansion at a vertical depth of approx. 175m, having successfully intersected 8.39 g/t (0.24 oz/t) gold over 2.03m.
Designed to infill gaps in the existing drill pattern, HT-13-017 intersected 10.0 g/t (0.29 oz/t) gold over 3.20m within a wider zone hosting 4.84 g/t (0.14 oz/t) gold over 9.49m and HT-13-015W intersected 5.11 g/t (0.15 oz/t) gold over 4.00m. Detailed drillhole composites are presented in Table 1.
Commentary
Nelson W. Baker, President and CEO of Mineral Mountain, comments:
"Our Phase II drilling program at the Bismarck Mine has been very successful in not only demonstrating the excellent continuity of gold mineralization from hole to hole but also proving that the mineralized zones continue to depth and that the overall gold grade remains consistent."
TABLE 1: LENGTH-WEIGHTED DRILLHOLE GOLD COMPOSITES. GOLD ASSAY TOP CUTTING HAS NOT BEEN APPLIED. DRILL HOLE INTERSECTIONS DO NOT REPRESENT TRUE WIDTHS, AS THERE IS INSUFFICIENT INFORMATION TO DETERMINE THE TRUE WIDTH OF THE DRILL HOLE INTERCEPTS AT THIS TIME. VERTICAL DEPTH FROM TO LENGTH AU AUHOLE-ID (M) (M) (M) (M) (G/T) (OZ/T)---------------------------------------------------------------------------HT-13-015W 55 87.02 91.02 4.00 5.11 0.15HT-13-015W 61 96.12 97.28 1.16 4.96 0.14HT-13-015W 81 125.58 129.34 3.76 4.78 0.14HT-13-016 169 201.95 203.98 2.03 8.39 0.24HT-13-016 177 212.00 213.07 1.07 4.74 0.14HT-13-017 62 94.06 103.55 9.49 4.84 0.14INCLUDING 65 100.35 103.55 3.20 10.00 0.29HT-13-018 133 156.75 157.70 0.95 9.37 0.27HT-13-019 ABANDONEDHT-13-020 76 115.34 116.31 0.97 3.52 0.10HT-13-020 96 143.51 148.59 5.08 3.95 0.12HT-13-021 ABANDONEDHT-13-022 126 156.26 159.30 3.04 1.29 0.04HT-13-023 ABANDONEDHT-13-024 77 105.62 106.57 0.95 1.98 0.06HT-13-024 90 122.12 126.41 4.29 4.10 0.12INCLUDING 91 124.04 126.41 2.37 6.27 0.18HT-13-024 110 150.05 153.00 2.95 1.04 0.03HT-13-025 NO SIGNIFICANT ASSAYSHT-13-026 ABANDONEDHT-13-027 38 46.01 59.10 13.09 1.41 0.04INCLUDING 37 48.55 53.50 4.95 2.81 0.08HT-13-028 NO SIGNIFICANT ASSAYSHT-13-029 NO SIGNIFICANT ASSAYSHT-13-030 215 218.24 230.43 12.19 4.10 0.12HT-13-030 217 223.45 227.38 3.93 10.36 0.30---------------------------------------------------------------------------Note: Drillhole HT-13-19 was abandoned because the hole deviated toosteeply to pass through the Bismarck structure/mineralization and drillholeHT-13-21 was terminated at 36.27 metres due to drill rods twisting andbreaking in the hole. In addition, HT-13-23 was abandoned at a depth of 6.3metres due to unstable ground and the rig was moved forward to HT-13-24.Drillhole HT-13-26 and HT-13-28 were abandoned at 16.76 metres and 78.2metres because they intersected the Bismarck Shaft and an underground drift.
