April 25, 2018 1:09 AM 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 the United States. The company explores for gold. Its principal project is the Rochford gold project that covers an area of approximately 5,447 acres located in the Black Hills of 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.

President & CEO
Age: 74
Total Annual Compensation: C$69.0K
Chief Financial Officer
Total Annual Compensation: C$15.7K
Compensation as of Fiscal Year 2017.

Mineral Mountain Resources Ltd. Key Developments

Mineral Mountain Resources Ltd. Announces Plans of Drilling on its Standby Mine Patents Begins in the Rochford District, South Dakota, USA

Mineral Mountain Resources Ltd. announced that the company’s planned Phase I drill program consisting of a minimum of 12 drill holes totaling approximately 4,300 meters started on February 7th to test the down plunge extension of the 300-meter wide Standby Mine gold structure partially developed from 1891 to 1909 by underground mining from surface to the 425-foot level. 3D Mag modelling suggests that this high priority gold target is a large magnetic body consisting of iron formation-hosted gold mineralization that may have the potential size to have district-scale discovery potential. A total of 12 drill holes ranging between 300m and 400m deep are planned to intersect the wide Standby Mine gold structure down plunge from the Standby Mine 425-foot level. The first drill hole is spotted to intersect this gold structure at about 100 m below the 425-foot level proximal to hole S-1 drilled by Getty Oil in 1982. S-1 intercepted altered and locally quartz flooded iron formation with 3 - 10% pyrrhotite and trace to 5% arsenopyrite from 33.83m – 71.32m (111.0’ – 234.0’) for a core interval of 37.5m (near true width). Visible gold was observed in 4 different relatively short intervals. The entire interval was sampled and much of it had been sampled twice. No historical assay results are available for the remaining one-quarter core, but it is a very impressive looking intercept. Up plunge from hole S-1, an historic underground drill hole, BLG-UG03, designed the test the Standby Mine horizon 75 meters below the 125-foot level, intersected 4.61 grams per tonne across 12.19 meters. A channel sample collected from one of the mineralized gold zones of quartz flooded iron formation on the 425-foot levels assayed 6.22 g/t Au across 10.5m. Between 1986 and 1988, Homestake drilled three separate “widely spaced step out” cross sections down plunge from the Standby Mine shaft. The “step out” cross sections were designed to intersect the major gold bearing fold structure at 750-meter intervals down plunge. Remarkably, in 1987, Homestake SM87-3A, located 1,500 meters laterally and about 560 meters vertically and 1,500m down plunge from the Standby Mine deposit, intersected a broad interval of gold mineralization within a thick unit of iron formation, including a high grade interval grading 10.29 grams per tonne across 3.1 meters. The Standby Mine patents are located approximately 26 kilometers (16 miles) south of the world’s largest, richest iron formation hosted gold deposit, the Homestake Mine, which produced over 40,000,000 ounces of gold from 11 Ledges of ore averaging approximately 10.89 g/t Au (0.350 opt) over the life of the mine from 1876 to 2001.

Mineral Mountain Resources Ltd. Announces Executive Changes

Mineral Mountain Resources Ltd. announced the appointment of Brian Corrall to its Board as an independent director of the company. To accommodate the appointment of the new director, Marshall Bertram will resign from the Board of Directors on March 1, 2018. Mr. Corrall qualified as a Chartered Accountant in the UK and joined the Institute of Chartered Accountants of British Columbia in 1976 to work first for Deloitte then, over 30 years in the forest industry in financial and strategic management positions with MacMillan Bloedel and Weyerhaeuser. Since 2005, he has consulted and worked with start-up companies and projects including President of CWA Consultants Inc., Chief Financial Officer of GB Energy Holdings Inc. and currently as a Controller for the TFN Economic Corporation of the Tsawwassen First Nations. Brian served as an Independent Director of ICN Resources Ltd. (formerly Icon Industries Ltd. And is currently a Director of Quadro Resources Ltd. (QRO-V).

Mineral Mountain Resources Ltd. Announces Board Changes

Mineral Mountain Resources announced the appointment of Brian Corrall to its board as an independent director of the company. To accommodate the appointment of the new director, Marshall Bertram will resign from the board of directors on March 1, 2018. Marshall, is a founder of Mineral Mountain and has played a major role in assembling the company's present property portfolio, its strong technical team and, most recently, a major force in introducing the Company to the Homestake Gold Belt in South Dakota. Mr. Corrall qualified as a Chartered Accountant in the UK and joined the Institute of Chartered Accountants of British Columbia in 1976 to work first for Deloitte then, over 30 years in the forest industry in financial and strategic management positions with MacMillan Bloedel and Weyerhaeuser. Since 2005, he has consulted and worked with start-up companies and projects including president of CWA Consultants Inc., Chief Financial Officer of GB Energy Holdings Inc. and currently as a Controller for the TFN Economic Corporation of the Tsawwassen First Nations. Brian served as an Independent Director of ICN Resources Ltd. and is currently a Director of Quadro Resources Ltd.

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