by Greg Klein | February 2, 2017
An explorer with extensive assets in northwestern British Columbia’s Golden Triangle, Mountain Boy Minerals TSXV:MTB announced a “major base metal-silver-barite zone” at the Surprise Creek property. The company acts as project operator on the 50/50 JV with Great Bear Resources TSXV:GBR.
Of two holes sunk late last year, one missed a polymetallic VMS-related occurrence called the Ataman zone. But DDH-SC-2 returned the following intercepts, announced February 2:
- 0.12 g/t gold, 28 g/t silver, 1.21% zinc, 0.03% lead, 0.31% copper and 46.73% barite over 18.94 metres, starting at 58.26 metres in downhole depth
- (including 0.11 g/t gold, 44.75 g/t silver, 4.31% zinc, 0.05% lead, 0.33% copper and 67% BaSo4 over 4.58 metres)
- (which includes 0.09 g/t gold, 70.7 g/t silver, 6.49% zinc, 0.09% lead, 0.56% copper and 60.48% BaSo4 over 2.14 metres)
True widths weren’t available. The hole appeared to end in mineralization but drilling stopped due to weather.
Further work this year “will target this extensive barite horizon,” Mountain Boy stated. The Ataman zone has been traced across approximately 1.2 kilometres of strike. The 7,472-hectare Surprise Creek property sits immediately north of a highway.
Barite is used as a drilling mud in the oil and gas industry. Imports to Canada and the U.S. come to about 400,000 tonnes of industrial-grade barite and 3.6 million tonnes of oilfield barite, the company stated.
The JV also covers the nearby BA VMS project. Some highlights from samples reported last month from a three-by-two-kilometre area of the Big Red target showed:
- 14.3% lead and 1,080 g/t silver
- 32.4% lead and 417 g/t silver
- 20.3% zinc, 6.73% lead, 255 g/t silver and 100 ppb gold
- 33.1% zinc, 1.57% lead and 192 g/t silver
- 4.41% copper and 142 ppb gold
Big Red has additional exploration planned this year, but the BA property’s eponymous BA zone remains the project’s primary focus. In December Mountain Boy released channel sample results from the zone, with some highlights showing:
- 3.84% zinc, 1.25% lead and 107.65 g/t silver over 15 metres
- (including 5.31% zinc, 1.97% lead and 132.44 g/t silver over 7.5 metres)
- 2.42% zinc, 0.55% lead and 99.41 g/t silver over 12 metres
- (including 3.2% zinc, 0.72% lead and 119.68 g/t silver over 6 metres)
- (which includes 5.12% zinc, 0.83% lead and 102.85 g/t silver over 3 metres)
Another Mountain Boy asset in B.C.’s Golden Triangle is the MB project. Grab samples taken last year from the property’s High Grade zone assayed as high as 31,192 g/t silver, with averages of 4,795.16 g/t silver, 3.35% zinc, 0.837% lead and 1.38% copper.
Sampling from MB’s Mann zone averaged 750.48 g/t silver, 9.02% zinc, 2.61% lead and 0.303% copper.
MB has an historic, non-43-101 indicated estimate for three veins totalling 105,555 tonnes averaging 0.064% copper, 0.69% lead, 2.01% zinc, 208.9 g/t silver and 13.59% barite.
The company’s portfolio includes a 20% interest in the Silver Coin project, in which Jayden Resources TSXV:JDN holds the remainder. A 2011 resource gave the project a measured and indicated total of 842,416 ounces gold, 4.46 million ounces silver and 91.17 million pounds zinc. The inferred category came to 813,273 ounces gold, 6.69 million ounces silver and 128 million pounds zinc. Further drilling is planned this year.
Mountain Boy also holds a 35% interest in Decade Resources’ (TSXV:DEC) Red Cliff project, which has modelling and additional drilling slated for 2017.
Just west of the BA project, Mountain Boy’s 50%-held George property has historic, non-43-101 estimates for copper, silver and gold.
In December Mountain Boy announced the purchase of the 1,062-hectare Manuel Creek zeolite and pozzolan property in southern B.C.’s Okanagan region, where work on a resource estimate should start in early spring. The company noted that zeolite is used in applications such as soil amendments and hydroponics, water filtration, livestock feed enhancement and waste management.
The company offered a private placement of up to $1.2 million in December.