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TSX.V: MMV
ROCHFORD GOLD PROJECT
In the +60 Million oz Homestake Gold Belt
South Dakota, USA
Exploring for a Tier 1 Gold System
October 31st, 2017
www.mineralmountain.com
TSX.V: MMV
125 years of operation*
+40 M oz Au production from 152 Mt @ 8.4 gpt Au
Open below 8500 foot level
Richest, deepest iron formation hosted gold deposit in the world
2 The Target: Another Homestake Mine
*Homestake was discovered in 1876, and closed in 2001 due to gold price; did not run out of ore
TSX.V: MMV
Dominant land position: 7516 acres (30.4 km2), 100% MMV controlled; First time majority of District is under one control
First time comprehensive (~$20M), historical, proprietary, multi-company drilling (3D) and geological / structural / geochemical database has been assembled, along with first helicopter mag-VTEM, to focus exploration at District scale
Management & technical team has deep geological and operational expertise in Rochford District, Homestake deposit geology and other iron-formation hosted gold deposits
High potential to host Tier 1 gold system: +40 M oz Homestake District is 25 km to north
5 target trends in Rochford District with high-grade gold; each with potential to host multi-million oz, 8-10 gpt Au, Homestake - type “Ledge” gold deposits
Rochford District is vastly under-explored: Only Standby Trend has (limited) deep drilling; other trends tested only to shallow depths, or else not drilled
Black Hills is pro-mining: Operating gold mine (Wharf), skilled workforce, excellent infrastructure, year-round access, and supportive State and Federal permitting
De-Risked, District-Scale Opportunity 4
TSX.V: MMV 7 Management Team
Directors & Management
Nelson Baker Director – President and CEO
Barry Coughlan Director – Executive Chairman
Trevor Thomas Director – Independent
Marshall Bertram Director – Independent
Brad Baker Director – VP Corporate Development
Gary Clark Director – Independent
Maribel Jordan Chief Financial Officer
TSX.V: MMV 8 Technical Team & Advisors
Technical Team and Advisors – Proven Ore Finders
• Robert Brozdowski, Ph.D., P. Geo., VP Exploration
• Robert has over 30 years of diverse global minerals exploration experience in iron formation-hosted gold deposits, base metals,
magmatic sulfides and uranium for a wide range of clients. With Western Mining Corporation from 1992-98, he co-managed
their Joint Venture with Homestake Mining Corp. targeting iron formation-hosted gold deposits in the Black Hills, South Dakota,
focused on the Rochford District, from 1991-95.
• Curt E. Hogge, M.Sc., Chief Geologist
• Curt has over 30 years of diverse mineral exploration experience, with an extensive background in iron formation-hosted gold
deposits including Proterozoic Homestake-type in the Black Hills, South Dakota and Archean-type in the Wyoming Province of
Montana and Wyoming; and Proterozoic Lake Superior-type in the North-Central US. He managed Noranda’s Rochford Gold
District project from 1986-1992, and worked later in the District with Naneco Resources, Genesis Gold Ltd. and BHB Partners.
• Kevin W. Leonard, B.Sc., P. Geo., Project Manager
• Kevin has over thirty-three years diversified mineral exploration experience in gold and base metal projects globally, including
exploration management for Royal Oak Mines (US), and global property acquisitions and economic evaluations for LAC Minerals,
American Barrick, St. Joe Canada, HudBay Exploration, Royal Oak Mines (US) and Urangesellschaft Canada. Since 2012, Kevin is
Project Manager for Mineral Mountain, including in the Keystone Gold District about 35 km south of the Rochford Gold Project,
where he managed a US $6.9M drill program for iron formation-hosted gold in the Holy Terror Project. Kevin has dual US and
Canadian citizenship, and his very strong leadership and personal skills make him an ideal on-site ambassador for the Company.
TSX.V: MMV 9 Technical Team & Advisors
Technical Team and Advisors – Proven Ore Finders
• David Shaw, Ph.D., P. Geo., Technical Advisor - Geology
• David has nearly 30 years of technical and executive experience in the resource and financial industries, with specific emphasis
on technical and financial due diligence of resource projects, including in the Birimian Gold Belt of West Africa. He serves, and
has served, in an extremely wide variety of Directorships, Senior Management, Finance and Senior Technical roles for numerous
resource and financial companies. Directly relevant to his Technical Advisor - Geology role with Mineral Mountain Resources, he
completed his Ph.D. in Structural Geology from Carlton University, Canada in 1980, and later worked with Chevron Canada
Resources Ltd. as an In-house Structural Consultant on both their metal and hydrocarbon exploration programs.
• Rick Adams, Technical Advisor - Mining
• Former director of the Company June 1, 2012 -September 2016. Mr. Adams is a professional engineer with over 4 decades of
experience. Mr. Adams is a graduate of South Dakota School of Mines and Technology in Rapid City, S.D. and has been involved
in all stages of mining operations and development in Canada and internationally, in capacities ranging from project engineer to
Senior Vice President. He is has been the Chief Operating Officer of Carlisle Goldfields Limited since November 1, 2011.
TSX.V: MMV
www.mineralmountain.com 11 Homestake Closure vs Inflation Adjusted Gold Price
At Mine closure in 2001: Homestake Mine was
2.4 km (1.5 miles) deep Au was $280 USD, it’s
lowest nominal & inflation-adjusted price since the early 1970’s
Rochford District: Homestake explored
Standby Trend 1986-1988, ~$4M spent
However, North Drift discovery 3 miles NW of Homestake Mine took priority; Standby was put on hold, despite early technical successes
Homestake Mine Closure
2001
TSX.V: MMV 9
Current: Added Standby Patents, VCB Lode Claims, and N. Cochrane Claims Total: 7515.81 acres (3014.54 hectares)
April 2016: Added VCA Lode claims Total: 6034.52 acres (2442.08 hectares)
March 2016: Added BHB Lode Claims Total: 5313.2 acres (2150.17 hectares)
2012: Staked Initial VC Lode Claims Total: 4965.3 acres (2009.3 hectares)
Lawrence County
Pennington County
Lawrence County
Pennington County
Lawrence County
Pennington County
Lawrence County
Pennington County
First Mover-Growth of Land Package
TSX.V: MMV 10
~12 early 1900s small high grade mines
Standby Mine down-plunge trend: Historic intercepts include 4.61 gpt Au /
12.19m & 10.29 gpt Au / 3.05m
Cochrane Mine: Non NI 43-101 compliant inferred resource of 268,000 oz @ 6.34
gpt Au; MMV holds down plunge trend
Majority of historic drill holes in District are shallow; no drilling since 1997
At least 5 high priority ledge-style gold
target trends defined to date by MMV Each target trend has space to host a
multi-million-ounce gold resource at 8-10
gpt Au, comparable to a Homestake Mine Ore Ledge
Rochford Gold District Potential
Cochrane
Standby
TSX.V: MMV 11 Homestake Gold Ore Ledges
Gold ore host is grunerite- siderite-chert-pyrrhotite iron formation
Ore ledges occur in thickened synclinal fold hinges, where these are cut by late, sub-parallel, steep brittle-ductile deformation zones
Centroids of ore ledges occur where plunges of F2 folds flatten
Ore - associated alteration includes anomalous Au & As, with late extensional quartz veins exhibiting well-developed chlorite selvages
Upper Tail
4850 LEVEL
#4 SHAFT
ROSS SHAFT
Homestake Iron Formation
Centroid
Lower Tail Homestake Mine
MAIN LEDGE Longitudinal Section
composited orebody projections metres
0 1000
TSX.V: MMV
Stratigraphy: Basalt, graphitic & sulfidic pelite, iron formation, meta-clastics
Metamorphic Grade: Biotite-garnet isograd transects both districts
Folding: Key tight to isoclinal SSE-plunging F2 folds
Shear Zones: NNW-trending, near-vertical, brittle-ductile deformation zones: 2 at
Homestake, 5 at Rochford:
Au Target Trends (Ore Ledge Locations) are intersections of deformation
zones with thickened iron formations in F2 synclines
Gold Ore Host Rock: Chert-grunerite-siderite-pyrrhotite iron formation
Alteration: Arsenopyrite; extensional Au-bearing quartz veins with chlorite selvages
Gold Endowment: > 40M oz. @8.4 gpt Au in 152 Million tonnes at Homestake
*At Homestake most gold orebodies are within a 1km wide metamorphic transition zone; siderite & grunerite co-exist
www.mineralmountain.com 12 Homestake/Rochford: Shared Characteristics
TSX.V: MMV www.mineralmountain.com 13
Plunge section of Homestake 9-Ledge vs. known Standby Deposit gold mineralization, at same scale
• Shallow Au mineralization at Standby is comparable to an “Upper Tail” position in the 9-Ledge at
the Homestake Mine
• Goal is to follow and extend Standby Mine gold mineralization down plunge to discover a
Homestake Ledge-Type Ore Centroid in Rochford District
• Currently defined Au mineralization at Standby is on MMV controlled ground, and is open down-
plunge
• A number of historic gold intersections from Homestake’s drilling provide direct evidence for
significant Au mineralization, and justify exploring the Standby trend down-plunge
Homestake 9-Ledge / Standby Analogy
STANDBY MINE GOLD DEPOSIT (currently known extent)
SSE HOMESTAKE DEPOSIT 9-LEDGE NNW SM86-1 - 2.02 gpt Au/14m
SM87-3A - 10.29 gpt Au/3.05m
SM86-1B - 2.46 gpt Au/3.35m
BLG-UG3 – 4.61 gpt Au/12.19m
TSX.V: MMV www.mineralmountain.com 14 3D High-Mag Outlining Drill Targets
See October 24,2017 Press on Winter Drill Program
1st Magnetic body has the volume
required to host a large gold resource
Standby Mine 1st Target 1000 ft. Wide 3500 ft. Long 4500 ft. Deep
Standard Mine 2nd Target
New Northern 3rd Target
TSX.V: MMV www.mineralmountain.com 15 3D High-Mag Outlining 1st Drill Target
Standby Mine 3D 1st Target 1000 ft. Wide 3500 ft. Long & 4500 ft.Deep
In 1982, Getty Oil drilled hole S-1 intersecting the gold zone at the 600 ft. level: Here, the Standby gold zone was 123.0 ft. wide (37.5 m) with locally quartz-flooded, heavily mineralized iron formation and visible gold noted in four areas along the core
Surface sampling averaged 10.0 grams per tonne Au across 10 meters A Shaft was sunk to the 425-foot level and underground channel sampling (consecutive series) assayed 6.0 grams per ounce per tonne Au over (33 ft)11.1 meters
Mineral Mountain’s winter drill program will re-drill the Getty Oil S-1 hole with visible gold and then complete 8 more drill holes down plunge to about the 1200 ft. level to determine the grade and width of this unique gold target.
TSX.V: MMV
Ledge-type gold targets are controlled by the intersection of steep NNW-SSE deformation zones with iron formation in structurally thickened F2 synclinoral fold axes.
Lack of major offsets by these NNW-SSE structures and sub-parallel elongated expression of high-magnetic bodies along these structures suggests many of the interpreted structures are nearly parallel to F2 folds.
Geophysical Interpretation Zones of Interest are outlined where interpreted iron formation units (high-mag and analytical signal) may be structurally thickened and steepened (parallel to sub-parallel to interpreted steep fold axes).
Mineral Mountain delineated target trends
Geophysical Interpretation Zones of-Interest
16 Geophysical Zones of Interest from Magnetics
TSX.V: MMV 20 Homestake 9-Ledge / Cochrane Analogy
Plunge section of Homestake 9-Ledge vs. known Cochrane Deposit gold mineralization, at same scale
Shallow Au mineralization at Cochrane is comparable to an “Upper Tail” position in the 9-Ledge at
the Homestake Mine
Goal is to follow and extend Cochrane gold mineralization down plunge to discover a Homestake
Ledge-Type Ore Centroid in Rochford District
Currently defined Au mineralization in Cochrane Trend plunges into MMV controlled ground; open
down-plunge
MMV Claims
TSX.V: MMV 19
Section through Cochrane Deposit on patented claims
268,000 oz @ 6.34 g/tonne Au (non-43-101 compliant resource)
Up plunge from MMV claims
7.99 gpt/10.67m
CR88-2
GCM83-2
4.46 gpt/6.10m CR88-7
9.94 gpt/7.62m
CR89-28 CR89-27
6.96 gpt/13.72m
Cochrane Grid Section 10,000N
8.26 gpt/7.16m
6.24 gpt/7.74m
Legend
Undiff. Metasediments
Iron Formation
Zebra Phyllite
Felsic Intermediate Volcanics
TSX.V: MMV
Drill Standby Mine Gold Deposit Down Plunge 3,200m drilling planned; approximately 9 DDHs from 3 sites; planned Q3
drilling start Drilling Permit has been approved; allows for up to 10 holes from each of 12
sites Plan to use Homestake Gold Mine DDH strategy, which has been proven
successful Expand historic high grade Ledge-type gold deposit down plunge from
Standby Mine Homestake Mining Company concluded Standby Mine Trend had “9-Ledge”
potential (i.e. 9 million ounces Au), but left Rochford District to focus on a new discovery accessible from the Homestake Mine
Progress Rochford District-Scale Work Geologic mapping, sampling and permitting on Bloody Gulch, Lookout and
Standard Mine trends
5 2017 Plans
TSX.V: MMV www.mineralmountain.com 20
Proposed Budget - Q3 & Q4 2017
Standby Mine Target: Test down-plunge for major ore ledge Prove Homestake Model applies in Rochford District 3,200m in 9 holes (3 sites, 3 holes per set-up)
Proposed Budget: US Funds Core Drilling…..……………………………………………………3,200 m at $200/m….. $640,000 Core Analysis; 3,200m at $11/m …………………………………………………………… 35,200 Core cutting and core storage…………………………………………………………....... 30,000 3D interpretation from Airborne Geophysics…………………………………………. 75,000 Geological Mapping and Sampling ………………………………………………………… 50,000 Additional land consolidation ……………………………………………………………….. 250,000 Property Option Payments ……………………………………………………………………. 215,000 Annual maintenance fees (Lawrence and Pennington Counties) …………… 100,000 Drill Permitting on US Forest Service Lands………………………………………….... 100,000 G & A (12 months) ……………………………………………………………………………….. 310,000 Contingency, 10% …………………………………………………………………………………. 180,500
Total (US Funds) …………………………………………………………………………………… $1,985,700 Total (CDN Funds) …………………………………………………………………………………. $2,382,840
Proposed Budget 2017
TSX.V: MMV 4
Listing (July 2010 IPO) TSX-V: MMV
Issued and Outstanding 51,915,172
Warrants 8,410,762 *2.62 mil @ $0.60 yr 1 and $0.90 yr 2 (Sept 2016 financing) *3.948 mil 2 $0.40 yr 1 and $0.55 yr 2 (March 2017 financing) * 1.925 mil @ $0.45 expires March 2019
Options 4,710,000 (3.97 @ 0.30)
Fully Diluted 65,035,934
Cash ~ $200,000
Market Capitalization ~ $12.5 million
as of: September 25th 2017
Share Structure
Homestake Iron Formation gold ore
TSX.V: MMV
www.mineralmountain.com 22 Rochford Gold Project: Poised for Discovery!
Rochford Project: Exploration Stage
TSX.V: MMV
This presentation may contain certain information that constitutes forward-looking statements.
Forward-looking statements are frequently characterized by words such as “plan,” “expect,” “project,” “intend,” “believe,” “anticipate,” and other similar words, or statements that certain events or conditions “may” or “will” occur. Forward-looking statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. These factors include inherent risks involved in the exploration and development of mineral properties, the uncertainties involved in interpreting drilling results and other geological data, fluctuating metal prices and other factors described above and in the Company’s public filings which can be found at www.sedar.com. The Company disclaims any obligation to update or revise any forward-looking statements if circumstances or management’s estimates or opinions could change. The reader is cautioned not to place undue reliance on forward-looking statements. Most information with respect to resources and assays are historical in nature and the Company makes no representation as to its accuracy.
23 Forward Looking Statement
TSX.V: MMV
ROCHFORD GOLD PROJECT
Homestake Gold Belt Black Hills, South
Dakota, USA
Brad Baker
401-1195 West Broadway
Vancouver, BC V6H 3X5
Tel: 778-383-3975
Fax: 604-714-1119
Email: [email protected]
www.mineralmtn.com
MMV-TSX.V
MNRLF-OTCQX
23
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