Monday 11th December 2017

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Mountain Boy Minerals releases high gold grades from B.C.’s Golden Triangle

by Greg Klein | October 12, 2017

Impressive assays came with the news released by Mountain Boy Minerals TSXV:MTB as it updated three current drill campaigns in northwestern British Columbia. The Silver Coin property has seen 10 holes totalling 1,616 metres so far out of a planned 2,000-metre program. With assays available from two holes, the company said SC17-442 found a new high-grade zone at surface as well as continuity of the main zone at depth. Results show:

  • 31.02 g/t gold and 28.5 g/t silver over 1.5 metres, starting at 28.71 metres in downhole depth
  • (including 56.3 g/t gold and 30.7 g/t silver over 0.7 metres)
  • (and including 8.9 g/t gold and 26.6 g/t silver over 0.8 metres)
Mountain Boy Minerals releases high gold grades from B.C.’s Golden Triangle

Geology grants the Golden Triangle
spectacular scenery as well as mineral riches.

  • 6.97 g/t gold and 38.3 g/t silver over 1.2 metres, starting at 55.54 metres

  • 11.6 g/t gold and 31.7 g/t silver over 1 metre, starting at 64.21 metres

Hole SC17-443 also hit a new high-grade zone at surface and extended the main breccia zone at depth, with intercepts showing:

  • 22.95 g/t gold and 13.1 g/t silver over 2.5 metres, starting at 15.28 metres
  • (including 108 g/t gold and 51 g/t silver over 0.5 metres)

  • 8.44 g/t gold and 20.4 g/t silver over 6.2 metres, starting at 71.34 metres
  • (including 9.22 g/t gold and 23.6 g/t silver over 5.2 metres)
  • (which includes 15.5 g/t gold and 42.2 g/t silver over 1.5 metres)
  • (and including 12.37 g/t gold and 23.72 g/t silver over 1.7 metres)

True widths were estimated between 60% and 80%.

The campaign intends to extend and upgrade lenses of high-grade gold within the project’s main breccia zone and test targets along strike to the south and a potential sub-parallel zone to the east, Mountain Boy stated. The company holds a 20% stake in the 1,470-hectare project.

Drilling, mapping and sampling continues at Red Cliff, where five holes have been completed on the Red Cliff zone and another 31 on the Montrose zone, about 1.2 kilometres north. Late last month the company released assays from five holes on each zone, with a standout intercept from Montrose grading 19.9 g/t gold over 4.12 metres. Plans also call for one or two holes on Montrose north of Lydden Canyon and eight on the Waterpump zone. Mountain Boy holds a 35% interest in the Red Cliff joint venture and a partial interest in additional claims.

At its 100%-held Surprise Creek project, Mountain Boy has assays pending from two holes sunk on a barite-sulphide area of the Ataman zone.

The company closed a $586,400 private placement in September.

Read more about Mountain Boy Minerals here and here.

See an infographic about B.C.’s Golden Triangle.

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