Miramont Resources Corp. (CSE: MONT) (OTCQB: MRRMF) (FRA: 6MR ) is pleased to announce it has received final assays from Phase II drilling at its Cerro Hermoso gold-polymetallic project in southern Peru. The program consisted of 1862.7 metres in four diamond drill holes. Three of the four holes encountered intervals of anomalous polymetallic mineralization (see nearby table of results). In particular, hole CH-013 encountered an aggregate of 303.35 m of anomalous mineralization consisting of eight separate intervals beginning at the start of bedrock at approximately 56.6 m and continuing to near the end of the hole at 450 m.
Summary of Phase II Drilling:
Dr. Quinton Hennigh, Miramont’s Executive Chairman said: “Phase II drilling has yielded strong indications we are dealing with a deeper, possible porphyry target at Cerro Hermoso. We think the best approach for shareholders is to consider a joint venture partner for this project. Miramont is currently well-funded, and we have begun a review of several high-quality, drill-ready gold and gold-polymetallic exploration opportunities in Peru. The Company is also committed to advancing the Lukkacha copper porphyry project in southern Peru and is currently awaiting issuance of the supreme decree.
The table below presents results from the four diamond drill holes completed at Cerro Hermoso as part of Phase II drilling.
Hole ID | From (m) | To (m) | Length (m) | Au (ppm) | Ag (ppm) | Zn (%) | Pb (%) |
CH-010 | 311.00 | 313.00 | 2.00 | 0.07 | 8.5 | 0.91 | 0.64 |
319.00 | 321.00 | 2.00 | 0.01 | 0.9 | 0.28 | 0.29 | |
466.00 | 467.90 | 1.90 | 0.01 | 1.0 | 0.68 | 0.37 | |
489.80 | 493.00 | 3.20 | 0.01 | 0.5 | 0.28 | 0.17 | |
521.70 | 523.20 | 1.50 | 0.01 | 0.5 | 0.33 | 0.31 | |
CH-011 | 52.00 | 53.20 | 1.20 | 0.18 | 13.5 | 0.26 | 0.16 |
112.00 | 114.00 | 2.00 | 0.29 | 4.0 | 0.16 | 0.08 | |
218.00 | 219.50 | 1.50 | 0.01 | 1.6 | 0.24 | 0.06 | |
CH-013 | 56.60 | 67.00 | 10.40 | 0.11 | 3.6 | 0.32 | 0.20 |
72.05 | 76.00 | 3.95 | 0.19 | 6.2 | 0.54 | 0.28 | |
88.00 | 90.00 | 2.00 | 0.15 | 1.7 | 0.26 | 0.12 | |
96.00 | 165.00 | 69.00 | 0.06 | 2.9 | 0.11 | 0.07 | |
189.00 | 241.00 | 52.00 | 0.08 | 3.7 | 0.16 | 0.11 | |
251.00 | 321.00 | 70.00 | 0.13 | 3.1 | 0.19 | 0.11 | |
including | 279.00 | 309.00 | 30.00 | 0.20 | 3.4 | 0.14 | 0.26 |
331.00 | 419.00 | 88.00 | 0.17 | 1.8 | 0.13 | 0.08 | |
including | 339.00 | 341.00 | 2.00 | 0.69 | 3.5 | 0.37 | 0.19 |
including | 351.00 | 385.00 | 34.00 | 0.25 | 2.7 | 0.15 | 0.09 |
433.00 | 441.00 | 8.00 | 0.14 | 0.6 | 0.14 | 0.08 |
Analytic Protocols and QA/QC
Assays were completed first by SGS and then by ALS Laboratories in Peru. Miramont follows rigorous sampling and analytical protocols that meet industry standards. Core samples are stored in a secured area until transport in batches to either SGS or ALS prep labs in Arequipa, Peru. Sample batches include certified reference materials, blanks, and duplicate samples are then processed under the control of ALS or SGS. ALS samples are analyzed using the ME-ICP61 (a technique that provides a comprehensive multi-element overview of the rock geochemistry), while gold is analyzed by AA24 and GRA22 when values exceed 10 g/t. Over limit silver, copper, lead and zinc are analyzed using the OG-62 procedure. SGS samples are analyzed using the ICP 40B method while gold is analyzed by FAA515. Over limit silver, copper, lead and zinc are analyzed using the AAS41B procedure.
National Instrument 43-101 Disclosure
The technical content of this news release has been reviewed and approved by Dr. Quinton Hennigh, P.Geo., Executive Chairman of Miramont and a Qualified Person as defined by National Instrument 43-101.
About Miramont Resources Corp.
Miramont is a Canadian based exploration company with a focus on acquiring and developing mineral prospects within world-class belts of South America. Miramont’s two key projects are Cerro Hermoso and Lukkacha, both located in southern Peru. Cerro Hermoso is a diatreme-hosted copper dominant polymetallic prospect. Lukkacha is a classic copper-porphyry prospect.
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