Mineral Mountain Resources Ltd. is pleased to announce it has signed an option agreement to acquire the mineral rights for 10 contiguous patented mining claims, totalling roughly 110 hectares (272 acres), from Larry O. Stahn, a private owner residing in Emo.
The newly-acquired property, designated the West Straw Lake Property, straddles the Manitou Stretch Fault (a regional scale structure).
It adjoins the western limits of the original Straw Lake gold occurrence—a 610-metre long by 4.5-metre wide gold-bearing porphyry that originally was discovered in 1934 but never drill-tested.
Stahn has held the mineral patents for 26 years and no historical exploration was recorded on the newly-acquired property.
“Regionally, the Manitou Stretch-Pipestone Lake Fault represents an important exploration target for both high-grade and bulk tonnage gold mineralization,” said Mineral Mountain president and CEO Nelson W. Baker.
“We feel that the West Straw Lake Property is an important addition to our overall land position in the area,” he added.