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Miramont Resources Corp
Symbol C : MONT
Shares Issued 54,814,795
Close 2019-04-11 C$ 0.125
Recent Sedar Documents

Miramont drills 249 m of 0.68 g/t AuEq at Cerro Hermoso

2019-04-12 07:36 ET - News Release

Dr. Quinton Hennigh reports

MIRAMONT ENCOUNTERS SIGNIFICANT MINERALIZATION AT CERRO HERMOSO

Miramont Resources Corp. has received final assays from its 3,679-metre diamond drill program at its Cerro Hermoso polymetallic project located in southern Peru. Results include 249 metres of 0.68 gram per tonne gold equivalent including 1.95 m of 28.4 g/t Au equivalent in hole CH-009 (please refer to a table of results and a plan map on the company's website which shows the location of drill holes).

Highlights:

  • Drilling tested three principal targets, the Central breccia zone (holes CH-004, CH-005, CH-006 and CH-009), the Stockwork zone (holes CH-001, CH-002 and CH-003) and the carbonate replacement zone (holes CH-007 and CH-008).
  • Significant mineralization was encountered in the Central breccia zone. Hole CH-009, drilled eastward, encountered 249 m of 0.68 g/t Au equivalent beginning at 103 m including 1.95 m of 28.4 g/t Au equivalent beginning at 153.55 m and a second interval of 59 m of 0.44 g/t Au equivalent beginning at 393.5 m and continuing to the end of the hole. Hole CH-005, situated approximately 100 m north of and parallel to CH-009, encountered 45 m of 0.58 g/t Au equivalent beginning at 378 m. Hole CH-006, situated approximately 250 m southeast of CH-009 and drilled westward, encountered 8.5 m of 2.97 g/t Au equivalent beginning at 308 m including 1.5 m of 15.69 g/t Au equivalent beginning at 315 m. Collectively, holes CH-009, CH-005 and CH-006 demonstrate the presence of a mineralized system within the diatreme that appears open to the northeast, east and southeast under an area of postmineral cover. The eastern margin of the diatreme lies approximately 600 m beyond the end of these two holes, leaving considerable room for further exploration. A large, subsurface magnetic feature situated approximately 400 m northeast of hole CH-009 may be an intrusion, potentially related to mineralization.
  • Holes CH-001, CH-002 and CH-003 in the Stockwork zone encountered narrow intervals of anomalous mineralization. Miramont sees limited potential for broader zones of mineralization in this area. Similar short intervals of anomalous mineralization were encountered in holes CH-007 and CH-008 targeting the carbonate replacement zone, indicating limited potential in this area.
  • Miramont is currently undertaking a thorough review of results from drilling at Cerro Hermoso with the intent of determining the best path forward.

Dr. Quinton Hennigh, Miramont's chairman, said: "First-pass drilling has confirmed the presence of a large mineralized system at Cerro Hermoso. Mineralization within the Central breccia zone appears open to the northeast, east and southeast as well as at depth. A nearby magnetic anomaly suggests the system is driven by a buried intrusion. Over the coming weeks we plan to compile, review and interpret all data from the latest program."

The associated table presents anomalous intercepts in all nine diamond drill holes completed at Cerro Hermoso. Some intercepts from holes CH-001 through CH-006 were previously reported in a news release dated March 28, 2019.


Hole ID         From        To   Length         Au       Ag       Zn      Pb          Cu      AuEq
                 (m)       (m)      (m)      (g/t)    (g/t)      (%)     (%)         (%)     (g/t)

CH-001         31.80     35.30     3.50       0.02      8.5     0.03    0.12        0.12      0.39
CH-002          2.40      5.20     2.80       0.01     39.2     0.05    0.05        0.03      0.60
                                         less than
CH-003          1.30      3.30     2.00       0.01     67.7     0.06    0.17        0.01      0.97
               32.90     34.10     1.20       0.02      7.3     0.05    0.33        0.07      0.41
                                         less than
              107.00    111.00     4.00       0.01     21.3     0.13    0.06        0.01      0.40
CH-004         17.00     51.00    34.00       0.05      4.2     0.07    0.04        0.01      0.18
              121.00    125.00     4.00       0.88      3.4     0.16    0.40        0.02      1.25
              141.80    143.70     1.90       0.11    216.6     0.04    0.01        0.01      2.82
              156.70    159.60     2.90       1.15      3.1     0.10    0.16        0.03      1.38
                                                                               less than
CH-005         35.00     39.00     4.00       0.19      3.7     0.09    0.06        0.01      0.33
                                                                               less than
               73.00     75.00     2.00       0.47      1.2     0.06    0.07        0.01      0.56
               95.00    105.00    10.00       0.19      0.9     0.10    0.05        0.01      0.31
              129.00    133.00     4.00       0.15      0.9     0.21    0.08        0.01      0.36
                                                                               less than
              174.50    178.50     4.00       0.01      0.6     0.07    0.17        0.01      0.15
              228.00    232.00     4.00       0.11      0.9     0.15    0.08        0.01      0.28
                                                                               less than
              256.00    262.00     6.00       0.05      1.5     0.15    0.08        0.01      0.21
              378.00    423.00    45.00       0.03      1.5     0.40    0.48        0.02      0.58
CH-006         34.00     36.00     2.00       0.13     10.4     0.11    0.11        0.02      0.42
               96.40     98.00     1.60       0.14    110.0     0.16    0.27        0.04      1.79
              308.00    316.50     8.50       2.74      1.4     0.14    0.17        0.02      2.97
includes      315.00    316.50     1.50      14.75      6.1     0.61    0.58        0.11     15.69
                                                                               less than
CH-007        125.80    172.00    46.20       0.02      0.5     0.10    0.05        0.01      0.12
                                                  less than                    less than
              184.00    190.00     6.00       0.02      0.5     0.32    0.11        0.01      0.30
              200.00    202.15     2.15       0.36      1.4     0.04    0.02        0.13      0.62
              265.70    267.70     2.00       0.33      2.6     0.40    0.67        0.05      1.03
CH-008         90.20     91.80     1.60       0.56     56.3     0.04    0.03        0.02      1.33
              134.80    136.00     1.20       0.22    350.0     0.16    0.30        0.36      5.33
CH-009         21.80     85.00    63.20       0.18      2.0     0.12    0.08        0.01      0.34
              103.00    352.00   249.00       0.26      6.2     0.34    0.17        0.02      0.68
includes      153.55    155.50     1.95      17.65    658.0     1.11    1.22        1.04     28.70
              393.50   452.50*    59.00       0.02      1.1     0.37    0.29        0.01      0.44

* End of hole.
AuEq calculated using 81.25 g/t silver equals one g/t gold, 1.4237 per cent zinc equals one 
g/t Au, 2.1518 per cent lead equals one g/t Au, 0.6485 per cent copper equals one g/t Au.

Analytic protocols and quality assurance/quality control

Assays were completed first by SGS and then by ALS Laboratories in Peru. Future samples will be analyzed by ALS as primary laboratory. 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, including 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 multielement overview of the rock geochemistry), while gold is analyzed by AA24 and GRA22 when values exceed 10 g/t. Overlimit 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. Overlimit 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, PGeo, chairman of Miramont and a qualified person as defined by National Instrument 43-101.

About Miramont Resources Corp.

Miramont is a Canada-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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