MMV.TSX-V
N EWS RELEASE
N O. 2011 – 08
APRIL 27, 2011
Mineral Mountain Drills 16 Metres Grading 3.27 g/t Gold
Including 4.0 Metres of 8.38 g/t Gold
Highlights:
Commercial grade gold mineralization in GH11-45 is the deepest intersection to
date and the first hole to test the sub-300m level
Expands to Depth (-300 metres) and Along Strike (300 metres)
Drill program increased to 10,000 metres, second drill added
Zone remains opens in ALL directions
Vancouver, British Columbia, April 27, 2011: Mineral Mountain Resources Ltd. (MMV.TSXV) (“Company”) is pleased to report that more robust gold assays have been received from the
ongoing drill program which is targeting the Cook Zone on Block A, a significant part of the
Company's extensive land package totalling 145 sq. km located in the heart of the emerging
Shining Tree gold district. As at March 31st, 2011, the Company has completed 11 drill holes for
a total of 3,635 metres and, as a result of the encouraging results to date, the drill program has
now been expanded to 10,000 metres. Final assays have been received for three additional drill
holes, GH11-45, 46 and 47, the first of which undercuts, by 25 metres, the previously reported
intersection of 6.9 metres grading 5.17 g/t Au in hole GH11-44 drilled on section 10150 E and
the other two holes, GH11-46 and 47 drilled along section 10125E, a 25-metre step out to the
northwest. All results are summarized in Table 1 below.
The images associated with this release can be viewed on the Company’s website at
www.mineralmtn.com.
In October 2010, the Company acquired the right to earn a 70% interest in Block A by assuming
all obligations of an option that Benton Resources Corp. (BTC.TSX-V) had originally signed
with Golden Harp Resources Inc. (GHR.TSX-V) (see news release of October 26, 2010). Recent
3D modeling of the Cook Zone drilling indicates a steep north-westerly plunge. Earlier
interpretations suggested the zone plunged to the southwest.
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Cook Porphyry Zone
The Cook Zone lies proximal to the Tyrrell Shear Zone (TSZ) and is hosted within silicified and
carbonate altered mafic and ultramafic volcanic rocks that have been intruded by alkaline
porphyry displaying intermittent brecciation and pervasive alteration associated with strong
quartz carbonate veining with pyrite as the main sulphide mineral. Drilling continues to intersect
significant, wide gold mineralization from several sub-parallel zones near surface. The higher
grade mineralization lies in a zone proximal to a northwest striking diabase dyke intersected in
all holes drilled to date. The gold grade of this lower zone has good continuity and appears to
improve at depth.
“We are encouraged that the Cook Zone is so robust at the -300 m level and with its unusual
continuity. The overall width and grade of this gold system provides significant potential for a
commercial grade gold deposit,” said Nelson Baker, President of Mineral Mountain Resources
Ltd.
QA/QC Program
Mineral Mountain has implemented quality assurance/quality control (QA/QC) procedures for
all of the Shining Tree Gold Project drill programs the details were described in our first news
release dated Jan. 11, 2011 and can be found on the Mineral Mountain Resources Ltd website.
The Shining Tree Project is managed by Joerg Kleinboeck P.Geo. and the drill program is
supervised by Wally Rayner, P. Geo., the Company's Vice President of Exploration who has
verified the contents of this press release and is the Qualified Person for this project.
Drill Program Increased to 10,000 metres
A second drill rig has been secured from Bradley Bros and will begin testing the Copper
Hill/Brunet Zone located on the main block this week. Mineralization of the copper hill zone
consists of chalcopyrite-rich quartz-carbonate veins that occur in and proximal to the red dome
rhyolite. They are interpreted as late-stage veins, mineralized with copper remobilized from the
copper-rich red dome rhyolite contemporaneous with diabase dyke emplacement.
About Mineral Mountain
The Company is a well-funded explorer and developer of precious metals with approximately $7
million in its treasury. The Company’s portfolio consists of three major gold projects that should
meet Mineral Mountain's long term objective of becoming a strong mid-tier resource group. First
in south eastern British Columbia, the Company's 100%-owned 89,000-hectare, 70 km by 15 km
Kootenay Arc Project hosts a geological environment that is favourable for sediment-hosted
precious metal deposits similar to those found along the Carlin Trend of Nevada and in the
Selwyn Basin of Yukon. Secondly, in the emerging Shining Tree gold district 100 km south of
Timmins, Ontario, the Company, through its joint venture with Golden Harp Resources Inc. , has
become a key explorer in the district. The 145 km² Main Block (60%) and Block A (70%) host a
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number of regional scale gold-bearing shear zones, one of which hosts the Cook Zone (Tyrrell
Shear Zone) that offer above average potential to host both commercial grade bulk tonnage and
underground grade gold mineralization. Finally, the recently acquired 11 km by 4 km Straw
Lake Gold Property 70 km northeast of the Rainy River deposit, geologically is located at the
intersection of two regional faults, the Manitou-Stretch and the Pipestone Faults, an ideal setting
to host a Hemlo-style high grade deposit or a Hammond Reef-style large volume, bulk tonnage
gold deposit.
Table 1 Summary of drill results
Cook Zone 2011
Hole #
From
(m)
To
(m)
Length
(m)
Au
g/t
GH11-45
177.0
251.0
74.0
0.15
314.5
353.5
39.0
1.95
including
348.0
353.5
5.5
2.05
including
319.0
335.0
16.0
3.27
including
329.0
333.0
4.0
8.38
including
348.0
353.5
5.5
2.05
GH11-46
185.3
198.5
13.2
1.22
213.5
215.0
1.5
4.99
272.5
311.4
38.9
0.81
286.0
292.0
6.0
1.08
300.1
311.4
11.3
1.67
including
306.5
311.4
4.9
2.45
GH11-47
187.5
318.0
130.5
0.57
including
187.5
190.5
4.0
2.50
including
232.6
237.5
4.9
2.19
including
297.0
298.3
1.3
2.09
including
304.7
315.95
11.25
2.96
including
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including
304.7
310.0
5.3
4.09
*All intervals in Table I represent core lengths and not true widths
On Behalf of the Board of Directors of
MINERAL MOUNTAIN RESOURCES LTD.
“Nelson W. Baker”, President and CEO
For further information, please contact
Brad Baker, Vice-President Corporate Development & Director
Telephone:
(604) 714-0111
Email: [email protected]
Kin Communications (604) 684-6730
Email: [email protected]
Reader Advisory
The TSX Venture Exchange has not reviewed and does not accept the responsibility for the adequacy and
accuracy of this news release.
This release includes certain statements that may be deemed to be "forward-looking statements". All
statements in this release, other than statements of historical facts, that address events or developments
that the Company expects to occur, are forward looking statements. Forward looking statements are
statements that are not historical facts and are generally, but not always, identified by the words
"expects", "plans", "could" or "should" occur. Although the Company believes the expectations
expressed in such forward looking statements are based on reasonable assumptions, such statements are
not guarantees of future performance and actual results may differ materially from those in forward
looking statements. Factors that cause the actual results to differ materially from those in forwardlooking statements include gold prices, results of exploration and development activities, regulatory
changes, defects in title, availability of materials and equipment, timeliness of government approvals,
continued availability of capital and financing and general economic, market or business conditions. The
Company cautions the foregoing list of important factors is not exhaustive. Investors and others who base
themselves on the Company's forward-looking statements should carefully consider the above factors as
well as the uncertainties they represent and the risk they entail. The Company believes that the
expectations reflected in those forward-looking statements are reasonable, but no assurance can be given
that these expectations will prove to be correct. Please see the public filings of the Company at
www.sedar.com for further information.
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