VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 05/07/13 -- Mineral Mountain Resources Ltd. ("Mineral Mountain" or the "Company") (TSX VENTURE: MMV)(OTCQX: MNRLF) is pleased to provide an exploration update and summary of activities from the 2013 exploration program at its Holy Terror Project (HTP) located 55 kilometres southeast of the formerly producing Homestake Mine, the deepest and one of the richest gold mines in the Western Hemisphere located in South Dakota, USA. Since the Company acquired the Holy Terror Project in Q2 of 2012 (refer to Company press release dated May 31, 2012), considerable progress has been made by significantly advancing and growing this relatively unexplored area. Since acquiring the Holy Terror Project, the Company has exceeded its first and second anniversary exploration expenditure commitment of US$4,000,000.
The Company's Holy Terror and Rochford Gold Projects are located along the Homestake Gold Trend in the Black Hills of South Dakota and represent above average exploration and development targets for high grade gold given their proximity to the past producing Homestake Mine and also based on the sheer number of turn of the century high grade past producers. Until now, these two areas have essentially been forgotten over time from a development standpoint due to a number of factors. Depressed gold prices and disjointed patented lands consolidation were the major barriers to past development because meaningful consolidated land packages were not assembled to be explored and developed systematically. In total, the Company has patented and unpatented lands that host 8 former high grade gold producers in the Holy Terror district and another 8 shallow high grade producers in the Rochford district. Between the two project areas, the Company now controls approximately 30% of the Homestake Gold Trend.
When the Holy Terror Project was first presented to the Company in March 2012, a total of 450 acres of patented and unpatented lands comprised the project area. Since that time, the Company has consolidated in excess of 5,000 acres of lands in the Holy Terror area through a combination of staking and property purchases. The Rochford Project is 100% owned by Mineral Mountain and represents another 4,400 acres of unpatented mining claims covering 8 former past producers. The Company is currently the majority land holder in these historical mining districts.
Geophysical and LiDAR Surveys
The Company recognized the lack of historical geophysical data available for the two project areas and immediately engaged Fugro Airborne Surveys to perform detailed magnetic and electromagnetic surveys to assist in near mine and regional drill targeting. Because the geology that hosts the high grade gold mineralization is akin to that at the Homestake Mine (hallmarked by strongly magnetic iron formation), the detailed magnetic surveys have proven invaluable in detailing the magnetic iron formation and identifying new areas for drill targeting. In conjunction with the high resolution magnetic survey, the electromagnetic survey successfully identified new areas of conductive rocks, especially in overburden covered areas, that are spatially associated with existing gold mineralization and have identified a plethora of new, previously untested drill targets.
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