A pattern with 9,676 grams per tonne silver additional confirms a high-grade silver zone
Copper-molybdenum porphyry goal mapped and sampled over a 400-metre pattern
Newly discovered gold bearing occurrences sampled over 200 metres
Vancouver, British Columbia–(Newsfile Corp. – October 19, 2021) – Mountain Boy Minerals Ltd. (TSXV: MTB) (OTCQB: MBYMF) (FSE: M9UA) (“Mountain Boy” or the “Firm”) is happy to report outcomes from subject work on its Theia venture. These newest outcomes lengthen beforehand identified mineralized areas, a few of which have been found 30 years in the past however handed over till Mountain Boy consolidated the property in 2020. The outcomes additionally embrace some new discoveries, additional confirming the extremely potential nature of this intensive and well-located venture.
The 9,028-hectare (90 sq. kilometre) Theia property is positioned within the Golden Triangle of British Columbia, 15 km north of the historic Dolly Varden silver mine. There are logging roads inside 10 km of the jap boundary of the claims and the proposed Homestake Ridge Street is 12 km to the west.
Subject work by Mountain Boy in 2021 on the western a part of the venture adopted up on the high-grade silver occurrences that have been recognized within the 1990’s. In 2020, the Mountain Boy geological workforce confirmed the historic occurrences and prolonged the mineralized pattern to 500 metres (see Information Launch March 8th, 2021). This yr’s program produced one other affirmation seize pattern in extra of a kilogram per tonne silver. The spotlight was seize pattern C0033201, that yielded 9,676 g/t silver, 1.59 g/t gold, 13.4% lead, 0.64% copper, 2.75% zinc.
A separate gold-bearing construction was mapped and sampled over an extra 200 metres and yielded three samples that returned 0.58, 0.33, and 0.14 grams per tonne gold, respectively, outlining the potential for a large gold-bearing system.
A brand new discovery was made on a nunatak (a rock publicity surrounded by glacier), additionally on the western a part of the property, the place a number of samples yielded a number of p.c zinc values and anomalous silver. The mineralization is hosted inside the Decrease Hazelton volcanic rocks and characterised domestically as breccia matrix or alternative model. Seize samples embrace:
– 3.24% lead and 27.47 g/t silver
– 3.03% zinc, 52.72 g/t silver, and 0.1% lead
– 1.63% zinc, 12.51 g/t silver, and 0.21% lead
(The reader is cautioned that seize samples are selective by nature and should not signify the true mineralization on the property).
On the jap portion of the claims, the sphere crew investigated the molybdenum-copper porphyry displaying that first attracted explorers to the world. Work by one of many majors within the Nineteen Sixties recognized the porphyry system, however little was completed since then. A number of samples have been taken this yr, together with samples C0034086, C0034085, and C0034081 which assayed 0.24%, 0.20%, and 0.14% molybdenum respectively. These and different samples show molybdenum mineralization over a 400-metre pattern. Latest work along side the sooner work suggests the potential for a large porphyry system.
Additionally on this space, the geological workforce confirmed gold values first recognized in 1991. The gold happens within the neighborhood of the contact between an intrusive unit and the volcano-sedimentary host rocks, a beneficial setting within the area. Float pattern C0034101 yielded 2.59 grams per tonne gold and seize pattern C0034102 yielded 0.83 grams per tonne gold, each taken this yr. Additional work is deliberate to guage the extent of this gold-bearing system.
The Theia venture shares the southern declare boundary with Hecla’s Kinskuch property, which in response to Hecla’s web site (https://www.hecla-mining.com/kinskuch/) hosts potential for the invention of epithermal silver-gold, gold-rich porphyry and volcanogenic huge sulfide (VMS) deposits. Teuton Sources and Silver Grail’s Konkin Silver property shares the northern declare boundary, the place drilling was just lately carried out (http://teuton.com/properties/konkin-silver-property).
Lawrence Roulston, President and CEO commented: “The geological workforce is doing an impressive job, constructing on historic outcomes and making new discoveries. In a area as fertile because the Golden Triangle, these outcomes level to the potential for sizable mineral occurrences. Whereas we stay centered on our extra superior tasks, Theia is rising as one other necessary venture for Mountain Boy.”
The technical disclosure on this launch has been learn and accepted by Andrew Wilkins, B.Sc., P.Geo., a professional particular person as outlined in Nationwide Instrument 43-101.
About Mountain Boy Minerals
Mountain Boy has six lively tasks spanning 604 sq. kilometres (60,398 hectares) within the prolific Golden Triangle of northern British Columbia.
The flagship American Creek venture is centered on the historic Mountain Boy silver mine and is simply north of the previous producing Purple Cliff gold and copper mine (through which the Firm holds an curiosity). The American Creek venture is highway accessible and 20 km from the deep-water port of Stewart.
On the BA property, 178 drill holes have outlined a considerable zone of silver-lead-zinc mineralization positioned 4 km from the freeway.
Shock Creek is interpreted to be hosted by the identical potential stratigraphy because the BA property and hosts a number of occurrences of silver, gold and base metals.
On the Theia venture, work by Mountain Boy and former explorers has outlined a silver bearing mineralized pattern 500 metres lengthy, highlighted by a latest seize pattern that returned 39 kg per tonne silver (1,100 ounces per ton).
Southmore is positioned within the midst of among the largest deposits within the Golden Triangle. It was explored within the Eighties via the early Nineties, and largely neglected till Mountain Boy consolidated the property and confirmed the presence of a number of occurrences of gold, copper, lead and zinc.
The Telegraph venture was consolidated by Mountain Boy in Might 2021 and covers 23,600 hectares. Earlier work reveals that it has an identical geological setting to main gold and copper-gold deposits within the Golden Triangle and is now seeing the primary complete exploration program.
Outcomes are pending from a geophysical program on Southmore and from latest drilling on BA and American Creek.
On behalf of the Board of Administrators:
President & CEO
For additional data, contact:
Company Communications/Media Relations
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This information launch might include sure “ahead trying statements”. Ahead-looking statements contain identified and unknown dangers, uncertainties, assumptions and different components that will trigger the precise outcomes, efficiency or achievements of the Firm to be materially totally different from any future outcomes, efficiency or achievements expressed or implied by the forward-looking statements. Any forward-looking assertion speaks solely as of the date of this information launch and, besides as could also be required by relevant securities legal guidelines, the Firm disclaims any intent or obligation to replace any forward-looking assertion, whether or not on account of new data, future occasions or outcomes or in any other case.
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