Mineral Mountain Significantly Expands Its Land Position in the Holy Terror Project Area
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 25, 2012) - Mineral Mountain Resources Ltd. ("Mineral Mountain" or the "Company") (TSX VENTURE:MMV)(OTCQX:MNRLF) is pleased to announce that, as a result of the major structural trends and the distinct magnetic anomalies identified in the high resolution airborne magnetic survey and the LIDAR survey completed over the Holy Terror Project area and previously reported in a news release dated August 23, 2012, the joint venture has staked an additional 70 unpatented federal lode mining claims encompassing approximately 1,400 acres (560 hectares) which nearly quadruples the size of the original land package at the Holy Terror Project. With the acquisition of the new staking, the Holy Terror Project now totals approximately 4375 acres (1,770 hectares) in size and encompasses an area 14 kilometres long by 1.5 kilometres wide.
"Our recently completed high resolution airborne Tri-Axial magnetic survey has provided a never before seen look at the structural and geological setting of this significant gold system that underlies the Holy Terror Project in the Keystone Mining District," said Nelson Baker, President and CEO of Mineral Mountain. "The surveys have outlined numerous geophysical and structural features that we interpret to be the southern extension of the Homestake Gold Trend which hosts the Bismarck, Keystone and Bullion historical producers all associated with the gold-bearing mineralized systems."
The surveyed property contains many high-amplitude magnetic anomalies trending northwesterly and considered to be extensions of known units of braided bands of iron formation that, locally, are favorable hosts for replacement-style mineral systems carrying high grade gold mineralization. The survey results suggested the potential for identifying several buried gold systems that are present outside the "core" of the Holy Terror Project. The new staking covers both the structural and magnetic anomalies that are considered to be high priority exploration targets.
The technical information in this news release has been prepared in accordance with Canadian regulatory requirements set out in NI 43-101 and reviewed and approved by Nelson W. Baker, P. Eng., President and CEO of Mineral Mountain Resources Ltd., and a Qualified Person. The exploration activities for the Holy Terror Project is being supervised by Wally Rayner, a Professional Geologist, and are being managed by Kevin Leonard, a Professional Geologist.
On Behalf of the Board of Directors
MINERAL MOUNTAIN RESOURCES LTD.
Nelson W. Baker, President and CEO
This release includes certain statements that may be deemed to be "forward-looking information" under Canadian securities laws. All statements in this release, other than statements of historical facts, that address events or developments that the Company expects to occur, constitute forward looking-information. Forward looking information consists of statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "could" or "should" occur. Although the Company believes the expectations expressed in such forward-looking information are based on reasonable assumptions, such information does not constitute guarantees of future performance and actual results may differ materially from those in forward-looking information. Factors that cause the actual results to differ materially from those in forward-looking information include gold prices, results of exploration and development activities, regulatory changes, defects in title, availability of materials and equipment, timeliness of government approvals, continued availability of capital and financing and general economic, market or business conditions. The Company cautions the foregoing list of important factors is not exhaustive. Investors and others who base themselves on the Company's forward-looking information should carefully consider the above factors as well as the uncertainties they represent and the risk they entail. The Company believes that the expectations reflected in the forward-looking information are reasonable, but no assurance can be given that these expectations will prove to be correct. Please see the public filings of the Company at www.sedar.com for further information.
FOR FURTHER INFORMATION PLEASE CONTACT:
Mineral Mountain Resources Ltd.
Vice-President Corporate Development & Director