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Mining Firm Defines Sizable New Target at Project in South Dakota
News Update

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Mineral Mountain Resources continues to hit, with the drill bit, wide intervals of Homestake-style mineralization.

In a news release, Vancouver-based Mineral Mountain Resources Ltd. (MMV:TSX.V) provided an update on its in-progress Phase 2 drill program targeting the Shear zone at its Standby gold project in South Dakota.

As of Feb. 15, 2020, the company drilled seven holes covering 2,522 meters (2,522m). The four holes that tested the downdip extension of Target #1 encountered "wide, quartz flooded and mineralized intervals showing strong hydrothermal chlorite alteration accompanied by 515% pyrrhotite and 5% arsenopyrite mineralization within sheared cummingtonite-chlorite-chert Rochford Iron Formation," the release noted. The holes intersected the downdip extension to a vertical depth of about 600m.

"The last and deepest hole to test Target #1, ST20-014, intersected a 60.56m interval of highly altered, sheared and mineralized Rochford Iron Formation, one of the better looking mineralized holes drilled to date!" President and CEO Nelson W. Baker said in the release.

Also of note, through airborne acoustic electromagnetic geophysical modeling, Mineral Mountain defined a new, large target that accounts for 5760% of the Homestake deposit size. Part of it is in the Shear zone.

As for Target #2, which is located a further 750m downplunge, Mineral Mountain will test it, from site #10, with three drill holes, one trunk and two wedge, covering 3,600m.

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5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article until three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Mineral Mountain Resources Ltd., a company mentioned in this article.




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