Mineral Mountain Resources Ltd.
TSX VENTURE : MMV

Mineral Mountain Resources Ltd.

May 04, 2011 07:01 ET

Mineral Mountain Intersects 62.5 Metres Assaying 1.45 g/t Gold; Cook Zone Improving With Depth

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 4, 2011) - Mineral Mountain Resources Ltd. (TSX VENTURE:MMV) -

Highlights:

  • DDH GH11-48 intersects higher grade interval of 5.5m grading 4.62 g/t Au.
  • Cook Zone is interpreted to be a shear zone-hosted "mesothermal" gold occurrence with significant depth potential.

Mineral Mountain Resources Ltd. ("Company") is pleased to report more positive gold assays have been received from the ongoing drill program which is targeting the Cook Zone on Block A. Final assays have been received for drill hole GH11-48 that undercut hole GH11-47 on drilled on section 10125 E. These results correlate well with earlier reported holes GH11-44 (6.9m grading 5.17 g/t Au) and GH11-45 (4.0m grading 8.38 g/t Au). The Cook Zone is located along a 4.5 Km extension of the Tyrrell Shear Zone, a regional scale structure, into MacMurchy Township. This mineralization exhibits good continuity typical of Archean mesothermal deposits. All results are summarized in Table 1 below.

The Company acquired the right to earn a 70% interest in Block A by assuming all obligations of an option that Benton Resources Corp. (TSX VENTURE:BTC) had originally signed with Golden Harp Resources Inc. (TSX VENTURE:GHR) (see news release of October 26, 2010 on the Company's website www.mineralmtn.com).

Cook Porphyry Zone

The Cook Zone is hosted within silicified and carbonate altered mafic and ultramafic volcanic rocks that have been intruded by alkaline porphyry displaying pervasive brecciation and alteration associated with strong quartz carbonate veining with pyrite as the main sulphide mineral. Drilling continues to intersect significant, wide gold mineralization. The higher grade mineralization represents the lower zone within the broad interval and it lies proximal to a northwest striking diabase dyke intersected in all holes drilled to date. This lower high grade zone has remarkable continuity and appears to getting higher grade at depth.

"Our modelling confirms that the Cook Zone is improving in width and grade to depth. Going forward, drilling will continue to target the expansion of the higher grade lower zone where positive results in all 13 holes reported by Mineral Mountain Resources demonstrate excellent continuity and grade," said Nelson Baker, President of Mineral Mountain Resources Ltd.

This release covers diamond drill hole GH11-48 (dip-60) drilled on the same section as previously release holes GH11-46 (dip -45), and GH11-47 (dip -50).

QA/QC Program

Mineral Mountain has implemented a quality assurance/quality control (QA/QC) procedures for all of the Shining Tree Gold Project drill programs the details were describe 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 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.

About Mineral Mountain

Mineral Mountain is a well-funded explorer and developer of precious metals with approximately $ million in its treasury. The Company has three major gold projects that meet Mineral Mountain's long term objectives of becoming a strong mid-tier resource group. In south eastern British Columbia, the Company's 100%-owned 89,000-hectare, 70 km by 15 km Kootenay Arc Project is believed to have a geological environment for sediment-hosted precious metal deposits similar to those found in the Carlin Trend of Nevada and in the Selwyn Basin of Yukon. In the emerging new Shining Tree mining camp 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 Golden Harp Main Block (60%) and Block A (70%) options host large gold systems that offer above average potential to host both high grade gold mineralization large bulk tonnage deposits. Finally, the recently acquired 11 km by 4 km Straw Lake Property and the Whetstone Mineral claims 70 km northeast of the Rainy River deposit offers great potential to host both a Hemlo-style gold and a Hammond Reef-style bulk tonnage gold deposit models.

Table 1 Summary of drill results

Mineral Mountain Resources Cook Zone 2011

Hole #From (m)To (m)LengthAu g/t
GH11-48286.2348.762.51.452
including287.5293.05.54.623
including297.8299.01.25.240
including313.0322.09.02.021
including332.0347.715.71.945
including343.5347.74.22.543
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

Reader Advisory

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 forward-looking 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.comfor further information.

"Neither TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."

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