1. MINERAL MOUNTAIN RESOURCES LTD.
201-1416 West 8th Avenue
Vancouver, B.C. V6H 1E1
T: 604-714-0111 F: 604-714-1119
MMV.TSX-V
NEWS RELEASE January 11, 2011
No. 2011-02
MINERAL MOUNTAIN INTERSECTS HIGH GRADE GOLD MINERALIZATION
IN THE "COOK PORPHYRY ZONE"
SHINING TREE AREA, ONTARIO
Highlights:
• DDH GH10-38 intersects 4.66 g/t Au over 14.0m including 13.01 g/t
Au over 4.0m.
• Gold mineralization hosted in intrusive alkaline porphyry intrusion,
geologically similar to Creso Exploration's Minto deposit
mineralization nearby and Lake Shore Gold's Thunder Creek deposit
in the Timmins gold camp to the north.
• All historical and present drilling has been shallow. The Cook Zone
offers excellent potential to host a commercial gold resource.
Vancouver, British Columbia, January 11, 2011: Mineral Mountain
Resources Ltd. (MMV.TSX-V) (“Company”) is pleased to report that
positive assays for the first 3 diamond drill holes have been received from
the ongoing drill program which is targeting the Cook Zone on Block A, a
part of the Company's extensive land package totaling 145 sq. km located
in the heart of the emerging Shining Tree gold district. Recently, the
Company purchased Block A from Benton Resources Corp. (BTC.TSX-V)
which is held under option to earn 70% interest from Golden Harp
Resources Inc. (GHR.TSX-V) (see news release of October 26, 2010 on
the Company's website www.mineralmtn.com).
Cook Porphyry Zone
This zone was first discovered in the 1930's and is hosted within silicified
and carbonate altered mafic and ultramafic volcanic rocks that have been
intruded by alkaline porphyry displaying intermittent brecciation and
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2. pervasive alteration associated with strong quartz carbonate veining with
sulphides with up to 3% by volume. This zone has been subject to several
diamond drill campaigns which have intersected significant, wide gold
mineralization from several sub-parallel zones.
Some of the better historical down hole drill intersections prior to the
Benton era (2009-2010) included 52.4 g/t Au over 4.0m (DDH B-04), 5.71
g/t Au over 4.6m (DDH B-06), 5.40 g/t Au over 7.6m (DDH T-14), 10.6 g/t
Au over 3.1m (ORC-01) and 2.7 g/t Au over 13m (DDH KC-12).
Since March 2009, Benton conducted three separate phases of diamond
drilling on the Cook Porphyry Zone confirming that the zone is a strong
mineralizing event. The results for all of the Benton drill phases are
tabulated in Table 2 below.
In December 2010, Mineral Mountain launched a 3500-metre drill program
targeting the southwest extension of the Cook Porphyry Zone at about the
150m level below surface. Three holes, GH 10-36, 37 and 38 were
completed and sampled prior to the holiday period. Mineral Mountain drill
hole GH 10-36 targeted the Benton holes GH 09-04, 05, 06 and 10 while
GH 10-37 and 38 targeted Benton holes GH 09-01, 08 and 09. Table 1
below summarizes the results of the 3 holes completed by Mineral
Mountain. The shapes and dimensions of the areas of gold mineralization
is not yet fully understood, thus true widths of these intersections still
cannot be determined.
Diamond drill crews have resumed drilling of the Cook Porphyry Zone on
January 10, 2011.
Nelson Baker, President and CEO, commented: “Drilling results from the
Cook Porphyry Zone continue to demonstrate that it hosts a very large gold
system with considerable potential to support either a standard high grade
mining or a low-cost bulk mining operation. The core of porphyry
mineralization is similar to those found in world class mines in the Timmins
Camp such as the Hollinger and McIntyre deposits. The excellent near
surface widths and grades intersected provide us with great confidence that
the Cook Porphyry could generate an important gold resource for the
Company.”
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3. QA/QC Program
Mineral Mountain has implemented the following quality assurance/quality
control (QA/QC) procedures for all of the Shining Tree Gold Project drill
programs:
Core was logged then sawed in half, with one side bagged and labeled; the
remaining half was placed in core boxes for a permanent record and stored
on site. All samples were transported to Accurassay preparation laboratory
in Sudbury, after which pulps are shipped to the analytical laboratory in
Thunder Bay, Ontario. All samples sent for analyses were prepared using a
jaw crusher, which was cleaned with compressed air between samples. A
250-gram split of the crushed sample with 70% passing through a 10 mesh
screen was pulverized with 85% passing through a 200 mesh screen. Fire
assays were performed using 50-grams of sample with assays equal to or
greater than 10 g/t calculated gravimetrically, and lower-grade samples
measured by atomic absorption. Multi-element analyses were performed
using 1-gram of sample digested in aqua regia and analyzed by inductively
coupled plasma atomic emission (ICPMS). Accurassay carries out
duplicate assays on every 10th sample. Three Standards (one high grade,
medium grade and one low grade) and one locally sourced Blank were
inserted sequentially at every 20th sample into the drill core samples before
shipment. All the blanks returned no significant gold values. Standards
displayed standard deviations of less than 0.16 g/t and geometric means of
+/- 1% of the known grade.
Core sample size varied from 0.5 to 2.0 metres with an average sample
size of 1.14 metres. Quality control was monitored using a high grade (5.49
g/t) and medium grade (1.019 g/t) and low grade (0.43 g/t) gold standard
from Analytical Solutions Inc, as well as a locally sourced rock blank.
The 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.
About Mineral Mountain
Mineral Mountain is a well-funded explorer and developer of precious
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4. metals with approximately $8 million in its treasury. The Company has four
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
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 bulk tonnage and high grade gold
mineralization. The recently acquired 7 km by 3 km Straw Lake Beach Mine
Property 70 km northeast of the Rainy River deposit offers great potential
to host a Hemlo-style gold deposit.
Table 1: Summary of drill results
Mineral Mountain Resources Cook Porphyry Zone 2010
Hole # From (m) To (m) Length Au g/t
GH10-36 30.0 31.5 1.5 1.224
40.5 45.0 4.5 0.610
55.0 66.0 9.0 0.411
GH10-37 36.75 41.0 4.24 1.432
45.0 54.0 9.0 0.921
99.0 127.0 28.0 0.698
Including 119.0 122.0 3.0 2.548
GH10-38 93.0 107.0 14.0 0.944
113.0 118.0 5.0 2.059
146.0 157.0 11.0 0.787
161.0 175.0 14.0 4.658
Including 161.0 165.0 4.0 13.008
In drill hole GH10-38 a one meter interval from 161 to 162m assayed 40.13
g/t gold, confirming the potential for high grade shoots within the thicker
sections of gold mineralization.
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5. Table 2: Summary of 2009 Benton Drill Results-Cook Zone
Hole Number From To Length Au g/t
H09-01 200.1 233 32.9 1.933
Including 214.1 222.6 8.5 5.027
GH09-02 114.7 135.9 21.2 3.516
Including 130.4 135.9 5.5 11.968
GH09-02 152.0 157.3 5.3 3.04
GH09-03 138.3 139.8 1.5 2.79
216.6 221.6 5.0 1.431
GH09-04 141.1 145.1 4.0 1.260
163.7 169.4 5.7 0.743
GH09-05 248.5 252 3.5 0.556
GH09-06 61.9 72.4 0.5 1.390
174.5 177.5 3.0 21.405
GH09-07 122.0 123.3 1.3 1.500
GH09-08 293.0 297.5 4.5 0.688
GH09-09 51.5 66.0 14.5 0.418
72.0 107.0 35.0 0.838
Including 95.0 99.0 4.0 3.320
121.0 127.78 6.78 1.195
GH09-10 31.0 53.0 22.0 0.622
57.0 84.0 27.0 0.924
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6. MINERAL MOUNTAIN RESOURCES LTD.
Nelson W. Baker, President and CEO
For further information, please contact
Brad Baker, Director
Telephone: (604) 714-0111 Email: bradbaker@shaw.ca
Kin Communications
Telephone: (604) 684-6730 Email: ir@kincommunications.com
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 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.
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