Press Release
Mineral Mountain Resources Ltd. of Vancouver has begun preliminary exploration of the Straw Lake Beach Gold Mine, located north of Fort Frances.
The company has signed an agreement with Shotgun Exploration, a private company based in Atikokan, to earn a 75 percent interest in Shotgun’s 100 percent-owned Straw Lake Beach Gold Mine.
A former gold and silver producer, it was forced to shut down early in its mine life due to the lack of power needed to extract the ore from the deeper levels and the onset of World War II.
Starting last Wednesday, Mineral Mountain Resources engaged the services of Grassroots Syndicate Inc., a Winnipeg-based group, to provide a two-man professional prospecting party to begin traversing and rock sampling in the eastern part of the Straw Lake property, searching for both new and historical gold showings within its limits.
As well, grid lines are planned for the area straddling the original Straw Lake Beach Gold Mine zone.
Gold mineralization in the Straw Lake area occurs in four different geological environments supporting a hydrothermal origin.
The property lies roughly 70 km northeast from Rainy River Resources’ 5 Moz gold deposit in Richardson Township, and about 100 km northwest from Brett Resources’ 6.9 Moz Hammond Reef deposit in the Kenora mining district.
The Straw Lake property consists of four patented mining claims which cover the mine shaft and 16 unpatented mining claims totalling about 1,706 hectares (4,215 acres).
