Mineral Mountain Resources Ltd. is pleased to announce gold assays from its ongoing exploratory drilling campaign in the Pine Centre Area of its Straw Lake Project, situated about 50 km north of Fort Frances.
Drilling assays for the ongoing Phase I campaign at the Pine Centre area of the company’s 100 percent-owned Straw Lake Project have been received for an additional 15 drill holes, of which 10 drill holes (PC11-026-PC11-035) targeted the main Pine Center zone.
The remaining five (PC11-036-PC11-041) are interpreted to have tested a parallel structure.
This initial phase of drilling was designed to confirm historically-drilled mineralization and also to test the northeast strike extensions of the gold mineralization hosted in the PCAZ.
Notable intersections include PC-11-032 (1.57 g/t Au over 14 metres), PC-11-033 (1.96 g/t Au over 12 metres), and PC-11-026 (1.65 g/t Au over 13.2 metres).
A drill hole location plan map is available on the company’s website at www.mineralmtn.com
The PCAZ is a tabular, shallowly dipping shear zone hosted in granodioritic rocks and very closely resembles the mineralization characteristic of the Hammond Reef gold deposit near Atikokan, owned by Osisko Mining Corp.
The PCAZ is but one of many known mineralized areas located in the company’s substantial land package.
Current drilling is focused on testing several of these regional targets in an effort to ascertain the potential size of this mineralized system.
“Gold mineralization associated with granodioritic rocks like the Lawrence Lake Batholith offers an exciting new exploration target primarily because that geological setting was largely overlooked by prospectors in the past,” said Nelson W. Baker, president and CEO of Mineral Mountain Resources.
“We are very pleased with the Phase 1 drilling results to date,” he added. “And with the closing of our recent financing, we are currently planning on expanding our drill program for 2012.
“Of importance to Mineral Mountain is the strong support we are receiving from the local Naicatchewenin First Nation and other surrounding communities,” Baker stressed.
Drill core analysis and assaying is being conducted by ALS Canada in Vancouver, B.C. Sample preparation is carried out at ALS facilities in Thunder Bay and Timmins.