Results In From Shining Tree Project Sampling
Mineral Mountain Resources Ltd. (MMV.TSX-V) has reported that the final results have now been received from a combined 64-hole reverse circulation (RC) drilling program and a 292 shovel pit sampling program covering both the Main Block and Block “A” held under option from Golden Harp Resources Inc. (GHR.TSX-V).
This till sampling program was conducted and supervised by Overburden Drilling Management Limited, leading global experts with a unique expertise in tracing gold grains in till covered terrain up-ice to their source or sources. This RC sampling technique has proven to be highly effective in identifying and pinpointing the best gold zones within large gold systems. The RC portion of the above program was largely focused on Block “A” where till thickness was the greatest. This program succeeded in identifying a very fertile N-S gold corridor located in the northern part of Block A that is up to 5 km long ranging from 200 to 600m wide. The gold corridor may be host to a cluster of new, yet-to-be discovered gold zones. Emanating from the 5 km long corridor are two, long, persistent gold dispersal trains (i.e. Decker and Hydro Creek dispersal trains).
Within the N-S fertile gold corridor, 11 RC drill holes intersected gold-anomalous, fuchsite-rich quartz-carbonate veined komatiite, basalt and feldspar/syenite bedrock. The RC program indicates that the fertile gold corridor lies of the east side of a regional-scale fault that is bordered to the west by Temiskaming-type rocks. Seven diamond drill sections spaced 0.5 km apart totaling 28 holes for 7,000 m are recommended to properly test the 5 km long prospective corridor.
Nelson Baker commented: “The strong, extensive gold grain anomaly in the till, especially in an area not previously explored, represents potentially a significant new gold horizon hosting multiple gold zones. Having used this RC sampling technique successfully with Rainy River Resources Limited, we are planning to aggressively drill test this corridor”.
Mineral Mountain has also announced that pursuant to the terms set out in the agreement between Benton Resources Corp. and Golden Harp Resources Inc. dated June 1, 2009 and the subsequent agreement between Mineral Mountain and Benton Resources dated October 25, 2010, the Company has fulfilled all the option obligations for the Second Option by spending CDN$1,000,000 prior to 2014 and has earned a total undivided 70% interest in Block A. Going forward, a joint venture will be formed whereby Mineral Mountain will have an initial interest of 70% and Golden Harp will have an initial interest of 30%.
Posted September 1, 2011
