Drillholes HT-12-012 and HT-12-013 were both abandoned holes. HT-12-012 intersected a stope between 1100' the 1200' level of the Holy Terror Mine and HT-12-013 (the parent hole of HT-12-013W) was cancelled due to poor ground conditions in the hanging wall rocks just above the Holy Terror Mine horizon.
While not designed as the primary targets, both the Bullion shear and also the Keystone shear were intersected by the aforementioned drillholes. Although encouraging anomalous gold values were intersected as well as the locations and widths of the hosting shear zones were confirmed, the actual mineralized corridors as defined by previous operators drilling campaigns were not intersected in this drilling phase. Follow-up drilling of these important areas will be a focus for 2013.
New Gold Mineralization Discovered Between Keystone and Holy Terror
The Company's policy of sampling all drilled core has generated the discovery of a new gold bearing horizon that occurs midway between the Keystone and Holy Terror Mines. HT-12-013W intersected three separate intervals grading 4.76 g/t Au over 1.0 metres, 1.90 g/t Au over 6.0 metres and 3.20 g/t Au over 2.0 metres. This new mineralized horizon is open in all directions and has never been drill tested by any previous operators.
Corporate Update
The Company is well financed and has budgeted for 2013 an initial 3,000+ metre Phase II diamond drilling program which is designed to now expand the known mineralization at the Bismarck, Holy Terror, Keystone and Bullion Mines. Approximately 400 drillholes have been permitted on patented lands.
Commentary
Nelson W. Baker, President and CEO of Mineral Mountain comments:
"We are incredibly pleased with our extremely aggressive initial drillhole HT-12-013W. To intersect not only the Holy Terror Mine stratigraphy as planned but also a significant gold intersection 260 metres below the deepest mine workings is truly testament to the potential size, grade, predictability and depth potential of what we believe to be a major gold system. The gold grades and widths that we are witnessing with the initial confirmatory shallow drilling at the Bismarck Mine are equally impressive and we are very eager to aggressively test the depth and strike potential of this prize target."
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 CORE DEPTH FROM TO LENGTH AU AUHOLE-ID (M) (M) (M) (M) G/T OZ/T AREA---------------------------------------------------------------------------HT-12-007 33 27.00 45.00 18.00 4.71 0.14 BISMARCKINCLUDING 32 31.00 39.00 8.00 10.04 0.29 BISMARCKINCLUDING 33 34.00 39.00 5.00 14.05 0.41 BISMARCKHT-12-007 52 57.00 58.00 1.00 2.47 0.07 BISMARCKHT-12-007 167 170.00 196.00 26.00 1.51 0.04 HWINCLUDING 174 190.00 194.00 4.00 6.46 0.19 HWHT-12-007 185 202.45 203.40 0.95 5.17 0.15 HW---------------------------------------------------------------------------HT-12-008 33 32.00 42.00 10.00 2.04 0.06 BISMARCKINCLUDING 32 35.00 37.00 2.00 4.80 0.14 BISMARCKHT-12-008 58 65.50 66.50 1.00 2.12 0.06 HWHT-12-008 141 157.00 162.00 5.00 0.99 0.03 HW---------------------------------------------------------------------------HT-12-009 88 124.00 129.00 3.12 4.03 0.12---------------------------------------------------------------------------HT-12-010 98 138.00 144.00 6.00 1.24 0.04---------------------------------------------------------------------------HT-12-011 95 144.00 145.53 1.53 3.73 0.11---------------------------------------------------------------------------HT-12-012 17 17.00 18.00 1.00 1.90 0.06 BULLIONHT-12-012 221 252.00 253.00 1.00 1.12 0.03 KEYSTONEHT-12-012 332 HOLE ABANDONED AT 404 METRES HT STOPE---------------------------------------------------------------------------HT-12-013 26 24.20 30.15 5.95 1.46 0.04 BULLIONHT-12-013 373 385.88 392.00 6.12 0.89 0.03 KEYSTONEHT-12-013 562 HOLE ABANDONED AT 601 METRES HT FAULT---------------------------------------------------------------------------HT-12-013W 482 509.00 510.00 1.00 4.76 0.14 NEW ZONEHT-12-013W 532 563.00 569.00 6.00 1.90 0.06 NEW ZONEHT-12-013W 531 563.00 565.00 2.00 3.20 0.09 NEW ZONEHT-12-013W 592 633.00 646.00 13.00 1.79 0.05 HT ZONEINCLUDING 592 634.00 637.00 3.00 4.18 0.12 HT ZONEINCLUDING 592 635.00 637.00 2.00 5.31 0.15 HT ZONE---------------------------------------------------------------------------
