Friday 19th December 2014

Resource Clips


Their legacy lives on

Mineral Mountain believes South Dakota’s past-producers have more gold to offer

by Greg Klein

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South Dakota’s Holy Terror project comes with eight past-producing mines and lots of history. Mineral Mountain Resources TSXV:MMV, on the other hand, is a newcomer to the property. But after assembling the land package last year, the company believes it has potential far beyond previous operations. Phase II drilling, with both infill holes and down-dip expansion, brought more high grades in gold assays released March 14. Highlights include:

Mineral Mountain believes South Dakota’s past-producers have more gold to offer

Drilling shows South Dakota’s gold rush
history left yellow metal unearthed.

  • 4.1 grams per tonne gold over 12.19 metres
  • 10.36 g/t over 3.93 metres
  • 4.84 g/t over 9.49 metres
  • (including 10 g/t over 3.2 metres)
  • 5.11 g/t over 4 metres
  • 3.95 g/t over 5.08 metres
  • 8.39 g/t over 2.03 metres
  • 4.78 g/t over 3.76 metres
  • 1.41 g/t over 13.09 metres
  • (including 2.81 g/t over 4.95 metres)
  • 4.1 g/t over 4.29 metres
  • (including 6.27 g/t over 2.37 metres).

True widths weren’t provided. The interval closest to surface began at a down-hole depth of 46 metres while the deepest ended at 231 metres down hole.

The March 14 results come from 16 holes totalling 2,698 metres at the project’s former Bismarck mine area. Still pending are assays for two more holes, 200 metres and 500 metres southeast, at two other former mines. Phase I, which wrapped up late last year, tested Bismarck as well as three other mines with both exploration drilling and confirmation of historic work dating to the 1980s and ’90s.

“There are approximately 100 historic, non-43-101 holes on the property, so we had tremendous confidence coming in,” Mineral Mountain director/VP of corporate development Brad Baker tells ResourceClips. “Our drilling has supported that confidence and our theory that these deposits could run much deeper than ever previously known. The past mining was shallow. We believe these deposits can be very deep-seated, akin to the Homestake mine along that belt.”

Located 55 kilometres northwest of Holy Terror, Homestake produced about 40 million gold ounces before its 2002 shutdown. Mineral Mountain moved into the neighbourhood last May when it optioned 75% of a property with the privately held Holy Terror Mining Co. Through purchase and claim-staking, the partners have since expanded the property to a 1,600-hectare package comprising eight past-producers.

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