February 07, 2012
Mineral Mountain Reports Final 2011 Drillhole Results on Pipestone Project
VANCOUVER, BC - Mineral Mountain Resources Ltd. ("Mineral Mountain" or the "Company")
(TSX-V:MMV) (OTCQX:MNRLF) is pleased to provide final diamond drill hole assay results from the 2011
exploration drilling campaign on its 100% owned Pipestone Project located 50 kilometers north of Fort Frances, Ontario.
2011 Exploratory Drilling Results
Final diamond drilling assay results have been received for a total of 21 drill holes from the Pine Centre and Pine East Areas.
These holes were exploratory in nature and designed to test historical gold showings in the Lawrence Lake Granitoid Batholith.
Weak gold values over narrow widths were intersected and are highlighted in Table 1.
A plan map illustrating the locations of the drill holes is available on the Company website at
www.mineralmtn.com
Discussion
The drilling program was designed to test regional historical gold showings and assess the potential for the area to host bulk tonnage open-pittable near surface gold resources.
Tremendous success has been achieved in the Pine Centre area (refer to Company press release dated 18 October 2011) with drill hole intersections such as PC-11-032 (1.57 g/t Au over 14.00 metres), PC-11-033 (1.96 g/t Au over 12.00 metres), and PC-11-026 (1.65 g/t Au over 13.20 metres).
Drilling was continued along strike to the northeast (Pine Centre Extension), but with only sporadic narrow gold intersections encountered.
Given the valuable information gained from the drilling about the geology, the Company has interpreted a strike-slip fault structure that has truncated the northeastern end of the mineralized zone. The Pine Centre Zone is still untested down dip and also along strike to the southwest and remains an area of significant exploration potential.
Current Operations Update
One diamond drill is currently operating on the Straw Lake Occurrence (refer to Company press release dated 30 November 2011).
The drill is targeting a linear, 800 meter long corridor of gold occurrences lying proximal to the Pipestone-Manitou Stretch Fault and defined by geological sampling from the Companys 2011 summer mapping program.
This area has never been drilled and represents a very exciting gold target near the regional Pipestone-Manitou Deformation Zone.
To date, including the 2011 drilling program, the Company has completed a total of 9,515 meters.
Since mid-January, the Company has completed three drill holes totaling 882 meters along the Straw Lake
Occurrence.
Qualified Persons
The Pipestone Project is managed by Kevin Leonard, P.
Geo., and is supervised Wally Rayner, P.
Geo., the Companys Vice President of Exploration, and has verified the contents of this press release.
Wally Rayner, P.Geo., is the qualified person for this project.
Table 1: LENGTH WEIGHTED GOLD AVERAGES FROM 2011 DRILLING AT PINE CENTRE AND PINE EAST AREAS.
CORE LENGTHS EQUAL APPROXIMATELY 90-100% OF TRUE THICKNESSES.
DRILL HOLES PC11-042 THROUGH TO PC11-0.52 ARE NOT INTERPRETED TO LIE ON THE PINE CENTRE ZONE (NSA - NO SIGNIFICANT ASSAYS).
HOLE-ID |
FROM (M) |
TO (M) |
CORE LENGTH(M) |
AU (G/T) |
AREA |
|
|
|
|
|
|
PC11-042 |
22.00 |
25.00 |
3.00 |
1.33 |
PINE CENTRE EXTENSION |
PC11-043 |
|
|
|
NSA |
PINE CENTRE EXTENSION |
PC11-044 |
|
|
|
NSA |
PINE CENTRE EXTENSION |
PC11-045 |
|
|
|
NSA |
PINE CENTRE EXTENSION |
PC11-046 |
96.00 |
97.00 |
1.00 |
1.17 |
PINE CENTRE EXTENSION |
PC11-047 |
|
|
|
NSA |
PINE CENTRE EXTENSION |
PC11-048 |
|
|
|
NSA |
PINE CENTRE EXTENSION |
PC11-049 |
|
|
|
NSA |
PINE CENTRE EXTENSION |
PC11-050 |
|
|
|
NSA |
PINE CENTRE EXTENSION |
PC11-051 |
|
|
|
NSA |
PINE CENTRE EXTENSION |
PC11-052 |
|
|
|
NSA |
PINE CENTRE EXTENSION |
PE11-053 |
16.00 |
17.00 |
1.00 |
1.69 |
PINE EAST |
PE11-053 |
55.64 |
56.37 |
0.73 |
1.22 |
PINE EAST |
PE11-054 |
|
|
|
NSA |
PINE EAST |
PE11-055 |
45.60 |
48.85 |
3.25 |
0.73 |
PINE EAST |
PE11-056 |
|
|
|
NSA |
PINE EAST |
PE11-057 |
117.00 |
117.76 |
0.76 |
1.30 |
PINE EAST |
PE11-058 |
|
|
|
NSA |
PINE EAST |
PE11-059 |
121.00 |
122 |
1 |
0.764 |
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