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Resource World - September 2013

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Terror option agreement, which encompasses approximately 5,000 acres, the company has added 229 mineral claims through staking totaling 4,400 acres in the Rochford gold district which is situated midway between the Homestake gold mine and the Holy Terror Project along this gold trend, The 100%-owned Rochford Project encompasses eight former past producing gold mines. Mineral Mountain is now the majority land holder in these historical mining districts and along the Homestake gold trend. To date, during 2012 and 2013, the company completed 32 diamond drill holes totaling 6,793 metres in the first two phases of exploration. This drilling targeted various areas, including the Bismark, Keystone, Bullion and Holy Terror mines that confirmed the known mineralization, expanded the mineralized horizons and demonstrated the depth potential of the gold mineralization. Some of the encouraging drill results reported by Mineral Mountain include 5.54 g/t gold over 6.92 m, 7.02 g/t over 2.97 m, 7.14 g/t over 4.82 m, 10.02 g/t over 3.90 m, 17.07 g/t over 5.00 m, 24.00 g/t over 3.00 m and 10.04 g/t over 8.0 m. Many of the other holes had equally encouraging assays. Between 1993 and 1996 Energy Fuels prepared a probable and possible reserve estimate (non NI 43-101 compliant) using historic mine data and diamond drilling assays. The figures total 292,800 tons grading 10.63 g/t gold (0.310 oz/ton) of probable reserves and 330,000 tons grading 10.29 g/t gold (0.300 oz/ton) of possible reserves. Kevin Leonard, Project Geologist, left, and Nelson Baker, President and CEO of Mineral Mountain Resources, examine diamond drill core from the Holy Terror gold project in South Dakota. Photo courtesy Mineral Mountain Resources Ltd. Mineral Mountain recently completed another sampling program and is currently making plans for a Phase III exploration program with the objective of defining a resource estimate compliant with NI 43-101 standards. The exploration program will include a surface diamond drilling program of just under 10,000 metres. There is no doubt that the Holy Terror Project hosts a great deal of high-grade gold mineralization which displays many similarities with the Homestake ores and Mineral Mountain is taking the necessary steps to delineate its extent and grade. n The world's leading environmental consultancy in Deep-Sea Mine Tailings Placement (DSTP) ENABLING OUR CLIENTS TO UNDERSTAND AND MITIGATE THE RISKS INVOLVED IN INDUSTRY INTERACTION WITH THE MARINE ENVIRONMENT. DSTP Consultancy • Feasibility studies • Best practice and mitigation advice • General and specific guidelines • Policy development • Stakeholder engagement Survey Services • Ecological surveys • Tailings characterisation • Seafloor mapping • Oceanographic surveys • Sediment and water quality • Ecotoxicology testing • Vessel and equipment hire • Baseline survey • Environmental Impact Assessment • Key ecological indicators • Environmental monitoring SAMS Research Services Ltd (SRSL) – Scottish Marine Institute,Oban,UK, PA37 1QA – T:+44 (0)1631559470 E: info@samsrsl.co.uk W: www.samsrsl.co.uk SEPTEMBER 2013 www.resourceworld.com 41

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