Vancouver, British Columbia–(Newsfile Corp. – April 23, 2019) – Miramont Resources Corp. (CSE: MONT) (OTCQB: MRRMF) (FSE: 6MR) (“Miramont” or the “Company”) is pleased to announce it will undertake Phase II diamond drilling at its Cerro Hermoso gold-polymetallic project in southern Peru. The Company anticipates drilling to commence in early May.
In a news release dated April 12, 2019, Miramont announced final results from a nine-hole program conducted earlier this year. Hole CH-009, drilled in the north central part of the targeted diatreme complex, encountered several intervals of significant mineralization. This drill hole was highlighted by 249m of 0.68 gpt Au equivalent, including a high grade sub-interval of 1.95 m of 28.7 gpt Au equivalent. Miramont believes this mineralization remains open to the southeast, east, northeast and at depth.
Nine diamond drill holes, each averaging approximately 400 m deep, are planned to follow up mineralization encountered within the diatreme complex.
Dr. Quinton Hennigh, Miramont’s Executive Chairman, said: “Phase I drilling at Cerro Hermoso provided sufficient encouragement to allow our board to unanimously approve a similarly sized Phase II drill program. We are hopeful that the nine planned drill holes will expand the footprint mineralization within the diatreme complex, a pipe-like body of rock that was at one time the throat of a volcano. We are also hopeful that we might see increasing grades within areas that remain open. Volumetrically, there is considerable room left to explore within the diatreme. Phase II drilling is designed to more thoroughly evaluate the potential for a large, disseminated body of gold-polymetallic mineralization by maximizing the footprint of exploration.”
Drilling is expected to be complete within approximately two months of commencement. Miramont will provide regular updates on progress during Phase II drilling.
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 gold – polymetallic prospect. Lukkacha is a classic copper-porphyry prospect.
On behalf of the Board of Directors,
MIRAMONT RESOURCES CORP.
Quinton Hennigh, Chairman
This news release may contain statements which constitute “forward-looking information”, including statements regarding the plans, intentions, beliefs and current expectations of the Company, its directors, or its officers with respect to the future business activities of the Company. The words “may”, “would”, “could”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” and similar expressions, as they relate to the Company, or its management, are intended to identify such forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future business activities and involve risks and uncertainties, and that the Company’s future business activities may differ materially from those in the forward-looking statements as a result of various factors, including, but not limited to, fluctuations in market prices, successes of the operations of the Company, continued availability of capital and financing and general economic, market or business conditions. There can be no assurances that such information will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. The Company does not assume any obligation to update any forward-looking information except as required under the applicable securities laws.
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