August 24, 2016 2:20 PM ET

Metals and Mining

Company Overview of Mineral Mountain Resources Ltd.

Company Overview

Mineral Mountain Resources Ltd., a mining company, acquires, explores for, and develops mineral properties in North America. The company explores for gold and precious metal deposits. It holds interests in the Rochford gold project that covers an area of approximately 5,447 acres located in the Black Hills of South Dakota; and Holy Terror project that includes 19 patented mineral claims and 273 unpatented lode claims located in the Keystone Mining District, Pennington County, South Dakota. Mineral Mountain Resources Ltd. was incorporated in 2006 and is headquartered in Vancouver, Canada.

1195 West Broadway

Suite 401

Vancouver, BC V6H 3X5

Canada

Founded in 2006

Phone:

604-714-0111

Fax:

604-714-1119

Key Executives for Mineral Mountain Resources Ltd.

Chief Executive Officer, President and Director
Age: 73
Total Annual Compensation: C$105.0K
Chief Financial Officer, Director and Member of Audit Committee
Age: 67
Total Annual Compensation: C$58.0K
Compensation as of Fiscal Year 2015.

Mineral Mountain Resources Ltd. Key Developments

Mineral Mountain Resources Ltd. Auditor Raises 'Going Concern' Doubt

Mineral Mountain Resources Ltd. filed its Annual on Jul 28, 2016 for the period ending Mar 31, 2016. In this report its auditor, Dale Matheson Carr-Hilton, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

Mineral Mountain Resources Ltd. Continues to Expand its Land Position in the Rochford Gold District, Black Hills, South Dakota

Mineral Mountain Resources Ltd. announced that the company increased its 100%-owned land position in the Rochford Gold District to 5,447 acres (2,179 hectares) by staking an additional 37 unpatented lode mineral claims totaling 606 acres (242 hectares). In all, the company now owns a contiguous land position located in Lawrence and Pennington Counties totaling 345 unpatented lode mineral claims. The northern boundary of the company's land holdings is located 18 km (11 mi.) south of the Homestake Mine deposit. The close similarities between the Homestake Mine and the Rochford District in host rock composition, structural style, metamorphic grade, and gold mineralization suggest that the Rochford District has the potential to contain a large gold resource. The property covers four high priority gold targets that are situated within two structural corridors that host Homestake Ledge-type gold mineralization associated with banded iron formation documented by Noranda, Newmont, Western Mining and Homestake between 1982 and 1996. All four priority targets, if traced systematically down the limb fold plunge by diamond drilling are considered to be above average for the discovery of Ledge-type gold deposits. The four gold targets, three along the 5.5 km long Standby-South Standby-Lookout Mine Trend and the fourth along the 1 km long Cochrane Trend, require a well-planned drill program initially totaling 9,000 meters of drilling.

Mineral Mountain Resources Ltd., Annual General Meeting, Nov 02, 2015

Mineral Mountain Resources Ltd., Annual General Meeting, Nov 02, 2015., at 10:00 Pacific Standard Time. Location: Suite 401, 1195 West Broadway. Agenda: To receive the audited financial statements of the Company for the fiscal year ended March 31, 2015 together with the report of the auditors; to fix the number of directors at seven; to elect directors; to appoint the auditors and to authorize the directors to fix their remuneration; to consider and re-approve the Company's amended and restated stock option plan and to reserve for the grant and issuance of incentive stock options of up to a maximum of 10% of the currently outstanding shares of the Company as of the date of grant, as more particularly described in the accompanying Circular; and to transact such further or other business as may properly come before the Meeting or any adjournment or adjournments.

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Recent Private Companies Transactions

Type
Date
Target
Private Placement
August 16, 2016
--
Merger/Acquisition
March 7, 2016
South Standby and Cochrane South Properties
Private Placement
December 14, 2015
--
 

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