Oct 28 2010
Mineral Mountain Resources Ltd. (TSX VENTURE:MMV) has reported that, as a result of an on-going reconnaissance-scale rock, soil and silt sampling program being conducted by the Company this field season, numerous high-priority reconnaissance level exploration targets have been delineated.
Highlights:
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Gold-Arsenic Anomaly 1000 metres long, up to 36.98 g/t Au in grab samples, 8 g/t Au in soils
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Impressive gold values ranging from 4.0 g/t Au to 13 g/t Au and 100 g/t Ag to 200 g/t Ag in soils
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Excellent potential to host sediment-hosted gold deposit
Out of all of the numerous targets, three kilometric-scale target areas (Butte Bonanza, Black Warrior Area and Silver Leaf Ridge) contain highly anomalous gold, silver, arsenic anomalies that represent strong drill targets. The Kootenay Arc Property is the largest, contiguous claim block covering an area 70 km long by 15 km wide located 65 km southeast of Revelstoke, B.C.
The Kootenay Arc property hosts a wide variety of well-mineralized lower to mid-Paleozoic sedimentary and volcanic rocks deposited on the edge of ancestral North America and intruded by batholiths and syenite dikes. At the turn of the century, prospectors focused on numerous high grade silver vein systems up to 10 metres wide grading up to 6000 grams per tonne silver and up to 15 grams per tonne of gold. Some of these vein systems, like the Butte Bonanza, can be traced geochemically and by prospecting for a kilometre strike length.
In July 2010, the Company launched a systematic program consisting of stream and soil sampling complimented by geological mapping, prospecting and rock sampling. In the first ten weeks, with a helicopter supported six-man field crew, Mineral Mountain's field crews discovered seven new showings and detected twenty-five new soil and rock geochemical anomalies along several parallel mineral trends within the Kootenay Arc Property. To date, over 3450 soil and 667 rock samples have been collected from the property and sent in for analysis. Results have been received for 2750 soil samples and 417 rock samples.
Favourable structural and stratigraphic settings within the Kootenay Arc Property, combined with the widespread nature of gold mineralization indicate that it has excellent potential to host a new style of bulk-tonnage, sediment-hosted gold deposit in the area. The Butte Bonanza, the Black Warrior and the Silver Leaf zones hosting, in some cases, kilometre-scale gold, arsenic, bismuth and antimony are significant new exploration targets. Mineral Mountain plans to complete surface geological mapping and sampling on the above three projects and other new anomalies in preparation for the first planned drilling program scheduled for the 2011 field season.
Nelson W. Baker, P.Eng, is the qualified person for this project and responsible for the contents of this news release.
Source: Mineral Mountain Resources Ltd.