VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 03/27/13 -- Mineral Mountain Resources Ltd. (TSX VENTURE: MMV)(OTCQX: MNRLF) -
-- Keystone North target area returns 10.47 g/t (0.31 oz/t) Au over 6.00 metres-- Bullion Mine target intersects 5.00 g/t (0.15 oz/t) Au over 10.52 metres-- Bismarck Mine returns 4.46 g/t (0.13 oz/t) Au over 3.00 metres, including 11.80 g/t (0.34 oz/t) Au over 1.00 metres-- High grade gold now intersected over a strike length of 600 metres
Mineral Mountain Resources Ltd. ("Mineral Mountain" or the "Company") is pleased to report final assays from the 2013 Phase II drilling program at its Holy Terror Project (HTP) located 55 kilometres southeast of the Homestake Mine, a world-class gold deposit and the deepest mine in the Western Hemisphere, located in South Dakota, USA. The Phase II drill program was prompted by the Company's excellent drill results from its 4,072-metre Phase I program released on November 28, 2012 and on January 16, 2013. Since the Phase II drilling began on January 15, 2013, a total of twenty drill holes were completed totaling 3,713 metres. The first 16 drillholes totaling 3,230 metres, all testing the Bismarck Mine zone, was released on March 14, 2013. The final two drillholes of Phase II are included in this release totalling 483 metres and were drilled at the Bismarck Mine as well as the Bullion and Keystone Mines approximately 550 metres to the southeast. Vertical longitudinal sections to accompany this release are posted on the Company's website: www.mineralmtn.com. Length weighted drillhole composites are detailed in Table 1 in this release.
Phase II Keystone North and Bullion Mine
Drillhole HT-13-032 was designed to test the northwestern extension (25 metre step-out) near surface Bullion Mine gold horizon and also to extend the Keystone North gold zone 25 metres to the northwest at the same level as defined by historical drillhole (1994 Energy Fuels Corporation), KG94-70 which intersected 16.88 g/t (0.49 oz/t) Au over 3.35 metres. HT-13-032 successfully confirmed this mineralization having intersected 10.47 g/t (0.31 oz/t) Au over 6.00 metres.
The surface expression of the Bullion Mine horizon was also tested by the same drillhole (HT-13-32) returning 5.00 g/t (0.15 oz/t) Au over 10.52 metres. This intersection expands the Bullion Mine zone and remains open to the northwest and to depth.
Both the Bullion Mine and the Keystone North target area are located approximately 550 metres southeast of the Bismarck Mine within the complexly and structurally deformed geologic terrain that bears remarkable similarities to the Homestake Mine geology.
Phase II Bismarck Mine Drilling
Drillhole HT-13-031 was targeted at the southeastern extension of the Bismarck Mine and demonstrated mineralization continuity having intersected 4.46 g/t (0.13 oz/t) Au over 3.00 metres, including 11.80 g/t (0.34 oz/t) Au over 1.00 metres. Gold mineralization at the Bismarck Mine has now been traced for a strike length of 175 metres and to a vertical depth of 255 metres below surface. The Bismarck Mine gold mineralization as well as the Keystone North and Bullion Mine zones remains open in all directions.
Nelson W. Baker, President and CEO of Mineral Mountain comments: