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Drilling at Standby Gold project to resume on 6 January

Published by , Editorial Assistant
Global Mining Review,

Mineral Mountain Resources Ltd has announced that after halting for the holiday period, drilling on its Standby Gold Project (USA) is scheduled to resume on 6 January 2020. Since controlled drilling started in early October, a total of 1380 m of drilling has been completed and over 250 samples have been submitted to the laboratory for analysis.

Target 1 (partially drill tested)

Drill hole ST19-011 intersected a well mineralised, quartz flooded shear zone between 373 m - 384 m in hanging wall rocks overlying the Rochford Iron Formation, which hosts the Standby Mine gold deposit.

Numerous variably mineralised, sheared/quartz flooded, brecciated and hydrothermally altered zones were encountered from 374 m through to 682 m down hole depth primarily in hanging wall rocks of the Poverty Gulch Formation Trunk Hole ST19-011. These are interpreted to constitute various anastomosing branches of the target East Limb Shear zone.

Curt E. Hogge, the company's Chief Geologist, who has logged many drill holes in the Rochford and Homestake Mine Districts commented: "The gold/arsenopyrite mineralisation from this mineralised and quartz-flooded shear zone is most unusual and extremely rare because it is hosted in the Poverty Gulch Formation immediately overlying the gold hosted iron formation which is chemically and physically favourable for the formation of Homestake-style deposits. Based on our surface mapping and our Leapfrog software drilling down dip and along strike from this mineralised zone present a very compelling gold target."

Samples have been routinely submitted to ALS Laboratory for fire assay gold and for pathfinder arsenic analyses. Analytical results will be released early in 2020.

Planned Program for 2020

The company plans to drill a series of ‘wedge holes’ off of ST19-011 to test the gold/arsenopyrite mineralisation both down dip and along strike after completing a down hole EM survey of the trunk hole and the continue to drill test the historical high grade gold mineralization referred to as Target 2 at a vertical depth of about 1000 m.

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