Mineral Mountain Resources Ltd.
TSX VENTURE : MMV
OTCQX : MNRLF

Mineral Mountain Resources Ltd.

November 07, 2011 07:00 ET

Mineral Mountain Resources Ltd. Announces Drilling Results From Kootenay Arc Project, British Columbia and Provides Exploration Update

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 7, 2011) - Mineral Mountain Resources Ltd. (TSX VENTURE:MMV)(OTCQX:MNRLF) -

Highlights:

  • Butte Bonanza drilling intersects 9.0 g/t Au and 8.0 g/t Ag over 0.64 meters and
    0.9 g/t Au and 14.1 g/t Ag over 3.44 meters
  • Black Warrior vein sets yield 1.0 g/t Au, 182.0 g/t Ag, 1.33% Zn over 1.0 meters and
    0.1 g/t Au, 47.0 g/t Ag over 5.0 meters

Mineral Mountain Resources Ltd. ("Mineral Mountain" or the "Company") is pleased to announce that final drilling results have been received from the Phase 1 drilling campaign on its Kootenay Arc Project located 45 kilometers southeast of Revelstoke, B.C.

A total of 18 drill holes were drilled on the Kootenay Project totaling 2,940 meters. Two areas were the focus of the campaign – Butte Bonanza (12 holes totaling 1,772 meters) and Black Warrior (6 holes totaling 1,168 meters). Plan maps illustrating the diamond drill hole locations can be found at http://www.mineralmtn.com/.

Butte Bonanza

The Butte Bonanza area is characterized by a succession of vertically dipping phyllites and argillites crosscut by a narrow, shallowly dipping stacked faults which are host to gold-silver bearing quartz carbonate vein sets. Highlights from this first pass of exploratory drilling include drill hole BB11006 which intersected 9.0 g/t Au and 8.0 g/t Ag over 0.64 meters and BB11011 which intersected 0.9 g/t Au and 14.1 g/t Ag over 3.44 meters.

Black Warrior

The Black Warrior area is a series of historical polymetallic Ag-Pb showings hosted proximal to the vertically dipping Black Warrior limestone. This exploratory drill program was successful in intersecting the Black Warrior carbonate vein sets with highlights comprising BW11001 (1.0 g/t Au, 182.0 g/t Ag, 1.33% Zn over 1.0 meters) and BW11004 (0.1 g/t Au, 47.0 g/t Ag over 5.0 meters). Length weighted averages for all drill holes are presented in Table 1.

TABLE 1: LENGTH WEIGHTED DRILLHOLE COMPOSITES FOR BUTTE BONANZA AND BLACK WARRIOR DRILLHOLES. CORE LENGTHS REPRESENT APPROXIMATELY 80-100% OF TRUE WIDTHS.

HOLE-ID FROM
(M)
TO
(M)
CORE
LENGTH
(M)
AU
(G/T)
AG
(G/T)
CU
(%)
PB
(%)
ZN
(%)
BB11001 NO SIGNIFICANT ASSAYS
BB11002 NO SIGNIFICANT ASSAYS
BB11003 47.63 48.15 0.52 0.2 5.0 0.01 0.00 0.23
BB11004 NO SIGNIFICANT ASSAYS
BB11005 29.19 32.31 3.12 0.0 9.3 0.01 0.01 0.02
48.39 49.25 0.86 0.0 6.0 0.02 0.01 0.07
55.78 57.30 1.52 0.0 5.0 0.03 0.01 0.06
74.55 78.55 4.00 0.0 6.5 0.01 0.01 0.11
BB11006 41.50 42.14 0.64 9.0 8.0 0.01 0.01 0.03
BB11007 23.39 24.38 0.99 0.0 5.0 0.07 0.00 0.49
BB11008 23.30 34.62 11.32 0.0 4.4 0.02 0.00 0.15
38.79 61.57 22.78 0.0 4.3 0.01 0.00 0.08
BB11009 NO SIGNIFICANT ASSAYS
BB11010 30.07 31.57 2.20 0.1 10.6 0.01 0.33 0.07
BB11011 92.75 96.19 3.44 0.9 14.1 0.03 0.14 1.88
INCL 92.75 93.33 0.58 0.7 28.0 0.05 0.71 2.39
AND 95.33 96.19 0.86 3.1 35.0 0.08 0.02 5.82
BB11012 106.53 108.54 2.01 0.3 6.5 0.02 0.09 1.21
BW11001 72.90 74.52 1.62 0.0 6.0 0.00 0.00 0.00
110.72 112.22 1.50 0.0 25.0 0.01 0.49 0.00
142.74 143.17 0.43 1.0 182.0 0.09 0.99 1.33
BW11002 32.20 33.70 1.50 0.0 3.0 0.01 0.01 1.36
42.57 43.59 1.02 0.0 8.0 0.01 0.00 0.00
141.12 142.57 1.45 0.0 11.0 0.00 0.27 0.00
147.10 148.63 1.53 0.0 9.0 0.00 0.00 0.00
157.66 159.17 1.51 0.0 8.0 0.00 0.19 0.03
BW11003 113.70 114.52 0.82 0.0 6.0 0.01 0.08 0.26
137.08 138.52 1.44 1.5 0.0 0.00 0.00 0.00
142.09 142.95 0.86 0.0 12.0 0.01 0.29 0.09
BW11004 155.60 160.60 5.00 0.1 47.0 0.01 0.32 0.17
INCL 157.59 158.60 1.01 0.1 182.0 0.04 0.25 0.25
AND 159.60 160.60 1.00 0.2 41.0 0.00 1.19 0.36
BW11005 113.50 115.00 1.50 0.1 15.0 0.01 0.01 0.19
BW11006 22.44 23.94 1.50 0.0 7.0 0.01 0.00 0.01

Exploration Update

The 2011 drilling campaign was a part of the larger exploration program performed by the Company this season. A property scale soils and rock sampling program has been underway since April 2011 with over 2500 samples having been collected. Assessment and interpretation of this data will continue over the winter months with emphasis on generating drill targets for the 2012 Phase 2 drilling program.

Commentary

Nelson W. Baker, President and CEO of Mineral Mountain Resources comments, "This is the first time that these turn of the century showings have been drill tested in a systematic manner. The sheer number of showings distributed throughout the entire land package is testament to the widespread distribution of precious metals over the length of our 65 kilometer Kootenay Project and its potential to host a large polymetallic resource."

Qualified Persons

Wally Rayner, P.Geo., the Company's Vice President of Exploration, has verified the contents of this press release and is the Qualified Person for the project.

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, including statements about the Offering. 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.com for 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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