Mineral Mountain Resources Ltd. is pleased to provide an update on its Pipestone Project (formerly referred to as the “Straw Lake Project”) located 50 km north of Fort Frances.
An initial Phase I diamond drilling program has been approved by the company for the newly-acquired Straw Lake West Occurrences, which are a series of surficial gold showings hosted in greenstone rocks adjacent to the Pipestone-Manitou Stretch Deformation Zone.
The drill program is scheduled to begin in mid-January.
This area has never been diamond drilled nor systematically explored by modern methods, and also covers the newly-acquired “Stahn” Property, which is a key parcel of ground that covers very favorable geology and structural elements.
The Straw Lake Occurrence (SLO) is characterized by a linear series of gold showings over an 800-metre-long strike length hosted in porphyritic dikes with accessory quartz veining.
From a structural perspective, the SLO is situated in a prime location as it occurs at a major structural intersection between the Pipestone-Manitou Stretch Deformation Zone and the Helena-Pipestone Deformation Zone, of which the latter ultimately can be traced over 55 km to the same litho-tectonic setting that hosts the Rainy River Gold Project.
A plan map illustrating the relationship of the geology and gold showings is available on the company’s website at www.mineralmtn.com
The Pipestone-Manitou Stretch Deformation Zone and its associated splays is a vastly under-explored, gold-bearing fault system which has a strike length in excess of 250 km, stretching from the Ontario-Manitoba border east through the company’s Pipestone Project before finally terminating near the town of Dryden.
This tectonic zone has countless historical and newly-discovered gold occurrences, including the Cameron Lake deposit owned by Coventry Resources Limited and also the Gaffney Prospect, which currently is being explored by Manitou Gold Inc.
“In the past, we, as explorers, did not target the Wabigoon Sub-Province for large-scale deposits,” noted Nelson W. Baker, president and CEO of Mineral Mountain Resources.
“The Rainy River Gold Project is testament that the Pipestone-Manitou Stretch Deformation Zone could host major deposits, and we fully intend to make this area our principal focus and systematically evaluate this potential,” he stressed.