Mineral Mountain Resources Ltd. is pleased to announce that it has closed the non-brokered unit private placement announced previously on August 20, 2020 and has issued 2,916,667 Units at a price of C$ 0.30 for raised gross proceeds of C$875,000. A finder's fee of 7% was paid to arm's length third parties in connection with the Private Placement [...]
Mineral Mountain Resources is pleased to announce that it has closed the second tranche of this non-brokered unit private placement. The Company has raised gross proceeds of C$875,000 to date. A finder's fee of 7% was paid to arm's length third parties in connection with the Private Placement. Previously, Mineral Mountain announced to issue up to [...]
Mineral Mountain is pleased to announce that due to investor demand it has increased the size of its private placement previously announced on August 20, 2020. Mineral Mountain now proposes to issue up to 4,266,666 units of the Company for aggregate proceeds of up to $1,280,000. Each Unit consists of one common share of the Company and one common [...]
Mineral Mountain Resources is pleased to announce that it has arranged a non-brokered private placement of up to 2,500,000 units of the Company to be sold at a price of C$0.30 per Unit to raise gross proceeds of up to C$750,000. Each Unit consists of one common share of the Company and one common share purchase warrant , with each warrant entitling [...]
Mineral Mountain Resources Ltd. and Mineral Mountain Resources Inc. 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 [...]
Mineral Mountain Resources Ltd. reports that, at the request of IIROC, the Company wishes to clarify specific deficiencies in its April 22, 2020 release. The title of the Company's April 22, 2020 news release "Standby Gold Zone" - An exceptional gold system capable of hosting a multimillion ounce resource extending 1800 meters down plunge from the [...]
Mineral Mountain Resources Ltd. and Mineral Mountain Resources Inc. are pleased to report that, including historical drilling and the Company's two phases of drilling, a grand total of 45 drill holes totalling 16,361.29 metres have been drilled in the Standby project area. The Company defined a 200m average width of the Standby Gold Zone surface to [...]
Mineral Mountain Resources Ltd. and Mineral Mountain Resources Inc. are pleased to report that Standby Gold Project represents a new Homestake-style gold discovery, 25 kilometres south of the Homestake Mine, that shares the critical characteristics of the Homestake Gold System, including predictability and grade of gold mineralization, structural [...]
Mineral Mountain Resources Ltd. is pleased to report that the Company is still in the process of receiving and compiling gold assays from the Q4 2019 Q1 2020 portion of its drilling program at the Standby Trend Target, and then integrating these results with the previously released 2018 Standby Target and historical drilling results, within and [...]
Mineral Mountain Resources Ltd. is pleased to report that it will be again attending the annual PDAC Conference, PDAC 2020 and invite all attendees to visit our team at Booth #2812. Commented Nelson W. Baker, president and CEO of Mineral Mountain: "As a lifetime member of the PDAC, and, not having missed the annual convention in over 30 consecutive [...]
Defined A "New" Cluster Of Six Homestake-style Gold Targets Using Proprietary Airborne Acoustic EM Geophysical Modeling 2km Along The Main Standby Shear Zone. Highlights: Including "Trunk Hole" ST19-011, which reached a total depth of 1050 m down plunge along the Standby Shear Zone, seven holes totaling 2544.12m have been completed as of February [...]
Highlights: Recent drilling on Standby Target continues to intersect and define intense hydrothermal alteration including complex brecciated quartz veining and Homestake-style mineralization over down hole intervals of up to 259 meters 2 holes completed, a third hole ST20-012, designed to undercut ST19-011B is in progress Over 200 core samples have [...]
