PHASE III DEEP DRILLING PROGRAM PLANNED TO EXPAND GOLD ZONE News Today- Going Deep
https://mineralmountainresources.com/phase-iii-deep-drilling-program-planned-to-expand-gold-zone-another-900-meters-down-plunge/
(Vancouver, May 4, 2020): Mineral Mountain Resources Ltd. and Mineral Mountain Resources (SD) Inc. (“Mineral Mountain” or the “Companies”) (TSXV: “MMV”) reports that a Phase III deep drill program has been finalized for its Standby Gold Project and is scheduled to start when the COVID-19 restrictions are relaxed. Phase III is designed to expand the prospective gold zone at least 900 meters down plunge from Target 1.
PHASE III PROGRAM
Using different permitted drill sites, the Company has devised a plan to drill 4 holes (2 “trunk” holes each with a “wedge” hole) totaling 5,000 m designed to intersect the width of the gold corridor spaced at about 200 meters apart down plunge from Target 1 and Homestake’s high grade gold intersection recorded in SM87-3A grading 10.29 grams per tonne Au over 3.1 meters, along the 900 meter down plunge distance. (see attached Figure and link to video https://mineralmountainresources.com/media/). All 4 drill holes will be completed as soon as the COVID-19 restrictions are lifted and will attempt to intersect the Standby gold corridor across its width. At the completion of each “trunk” hole, the hole will be surveyed with Borehole EM which has proven to be useful in detecting nearby (i.e. within 200 m of the trunk hole) conductive bodies usually representing heavier concentrations of pyrrhotite and graphite that define the location of the shear zone and help constrain the extent of the target iron formation. Borehole EM is especially useful in determining if there is potential for mineralization encountered in a drill hole to expand either down dip or down plunge.