Tuesday 21st November 2017

Resource Clips


Posts tagged ‘barite’

Update: Mountain Boy Minerals hits visible gold, high-grade assays up to 14.93 g/t over 8.38 metres in NW B.C.

October 31st, 2017

Update: On October 31, Mountain Boy Minerals announced visible gold had been intersected on Red Cliff’s Waterpump zone, described as a faulted extension of the Montrose zone. Four holes had been completed so far at Waterpump, with at least four to six more to come. The company expects to release more Montrose assays soon.

by Greg Klein | October 26, 2017

With one of three drill campaigns vying for attention this season, Mountain Boy Minerals TSXV:MTB moves the Red Cliff project in British Columbia’s Golden Triangle closer to a maiden resource. The latest assays “continue to indicate a large and extensive mineralized zone that has a length of at least 600 metres, a depth of 600 metres and widths up to 40 metres,” said president Ed Kruchkowski. Highlights included 14.93 g/t gold over 8.38 metres and 9.5 g/t over 10.98 metres.

Mountain Boy holds a 35% interest in the project through a JV that has recently acquired additional claims.

Assays for the project’s Red Cliff and Montrose zones, about 1.2 kilometres apart, were released late last month. The current batch comes from Montrose:

Hole DDH-MON-14

  • 4.95 g/t gold over 3.96 metres, starting at 81.71 metres in downhole depth
Mountain Boy Minerals hits more NW B.C. high grades with 14.93 g/t gold over 8.38 metres

A rig tests the Red Cliff project’s Montrose zone.

DDH-MON-15

  • 3.8 g/t over 2.74 metres, starting at 14.63 metres

  • 3.31 g/t over 2.13 metres, starting at 21.65 metres

  • 6.12 g/t over 2.13 metres, starting at 29.7 metres

DDH-MON-16

  • 6.63 g/t over 9.14 metres, starting at 5.79 metres

DDH-MON-17

  • 6.21 g/t over 9.15 metres, starting at 17.38 metres

  • 7.01 g/t over 2.59 metres, starting at 28.81 metres

DDH-MON-18

  • 4.95 g/t over 7.93 metres, starting at 35.98 metres

  • 14.93 g/t over 8.38 metres, starting at 49.7 metres

DDH-MON-26

  • 4.93 g/t over 3.05 metres, starting at 258.54 metres

DDH-MON-27

  • 9.5 g/t over 10.98 metres, starting at 290.15 metres

True widths weren’t provided.

Still to come are assays for 20 other holes. The program drilled five holes on the Red Cliff zone and 35 on Montrose, with a highlight from the latter zone showing 19.9 g/t gold over 4.12 metres. The company now has a crew building a road to move the rig to the Waterpump zone for another eight to 10 holes.

Earlier this week Mountain Boy announced metallurgical results on two composite core samples from a single Red Cliff hole produced recoveries of 94.8% and 97.6% gold, additionally showing potential for lead and copper byproducts.

Also this week Mountain Boy and 65% JV partner Decade Resources TSXV:DEC stated they would buy the Red Cliff vendor’s 1% NSR on a pro rata basis. Mountain Boy’s share will cost $3,500 and 171,428 shares.

Two weeks ago the company released assays from its 20%-held Silver Coin, another Golden Triangle project that had completed 10 holes totalling 1,616 metres out of a 2,000-metre program. Results came in as high as 22.95 g/t gold and 13.1 g/t silver over 2.5 metres; along with 31.02 g/t gold and 28.5 g/t silver over 1.5 metres.

Assays are also pending from the season’s third drill campaign, which consisted of two holes sunk on a barite-sulphide area of Mountain Boy’s 100%-held Surprise Creek project.

The company closed a $586,400 private placement last month.

Read Isabel Belger’s interview with Mountain Boy Minerals chairperson René Bernard.

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

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

October 12th, 2017

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.

Mountain Boy Minerals hits high-grade gold as drills turn on three B.C. properties

September 28th, 2017

by Greg Klein | September 28, 2017

With initial results in from one of Mountain Boy Minerals’ (TSXV:MTB) three current drill programs at British Columbia’s Golden Triangle, assays show some of the grades that make the region so attractive. So far 33 holes have been completed at the Red Cliff property, 28 on the Montrose zone and five on the Red Cliff zone. The first batch of assays covered five holes from each zone, with Montrose hitting as high as 19.9 g/t gold over 4.12 metres and 9.98 g/t over 3.35 metres. Drilling extended Montrose at depth and along strike, showing the campaign’s best results:

Hole DDH-MON-3

  • 1.53 g/t gold over 3.05 metres, starting at 227.44 metres in downhole depth
Mountain Boy Minerals hits high-grade gold as drills turn on three B.C. properties

  • 1.06 g/t over 0.46 metres, starting at 231.55 metres

  • 9.98 g/t over 3.35 metres, starting at 248.48 metres

DDH-MON-4

  • 2.61 g/t over 2.28 metres, starting at 244.97 metres

  • 19.5 g/t over 0.76 metres, starting at 256.25 metres

  • 5 g/t over 2.13 metres, starting at 264.33 metres

DDH-MON-5

  • 2 g/t over 5.74 metres, starting at 279.73 metres

  • 1.07 g/t over 0.74 metres, starting at 310.52 metres

  • 19.9 g/t over 4.12 metres, starting at 311.28 metres

True widths weren’t provided. Two selected chip samples from Lower Montrose excelled with grades of 390 g/t and 35.7 g/t gold.

Five other holes targeted the Red Cliff zone, about 1.2 kilometres south. Highlights showed:

RC-17-3

  • 6.4 g/t gold and 3.37% copper over 0.61 metres, starting at 53.23 metres

RC-17-4

  • 1.6 g/t gold and 4.89% copper over 0.46 metres, starting at 37.01 metres

Again, true widths weren’t provided. Two other Red Cliff zone holes showed low values, the company stated.

At the project’s Waterpump zone, meanwhile, a grab sample returned 11.6 g/t gold and a chip sample graded 19.2 g/t.

Mountain Boy considers Montrose, Lower Montrose and Waterpump to be a single zone that was displaced by faulting. Expected to continue another six weeks, the Red Cliff program has several holes slated at depth on Montrose and to the west, as well as six to eight others for Waterpump.

Mountain Boy holds a 35% interest in Red Cliff in a joint venture that has recently acquired additional claims.

The Silver Coin project’s current drill program calls for about 2,000 metres to extend and upgrade lenses of high-grade gold mineralization within the Main Breccia zone to the northwest and to test targets along strike to the south and east.

Using a 2 g/t gold cutoff, a 2013 resource for Silver Coin’s four zones totals:

  • indicated: 702,000 tonnes averaging 4.46 g/t gold, 17.89 g/t silver, 0.88% zinc, 0.33% lead and 0.07% copper

  • inferred: 967,000 tonnes averaging 4.39 g/t gold, 18.98 g/t silver, 0.64% zinc, 0.25% lead and 0.04% copper

Mountain Boy holds a 20% interest in Silver Coin, with the remainder held by JV partner Jayden Resources TSXV:JDN.

And the third drill program has just begun, as the Ataman zone on Mountain Boy’s 100%-held Surprise Creek undergoes 500 to 600 metres to test and sample barite, a mineral essential to oil and gas exploration. Last July the company announced production of a barite concentrate exceeding American Petroleum Institute standards.

Earlier this week Mountain Boy closed a private placement of $586,400.

Read Isabel Belger’s interview with Mountain Boy Minerals chairperson René Bernard.

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

Drilling, sampling, optioning: Mountain Boy Minerals updates B.C. activities

September 13th, 2017

by Greg Klein | September 13, 2017

Demonstrating that a diverse portfolio doesn’t necessarily mean idle properties, Mountain Boy Minerals TSXV:MTB updated several projects in northwestern British Columbia’s Golden Triangle.

Drilling has just resumed at Silver Coin, held 20% by Mountain Boy and 80% by joint venture partner Jayden Resources TSXV:JDN. Acting as operator is Sprott Mining Inc on a campaign of about 6,000 metres mostly focusing on stepouts. The agenda also calls for regional exploration on the 1,470-hectare property.

Silver Coin hosts a 2013 43-101 resource that uses a 2 g/t gold cutoff to show a total for four zones:

  • indicated: 702,000 tonnes averaging 4.46 g/t gold, 17.89 g/t silver, 0.88% zinc, 0.33% lead and 0.07% copper

  • inferred: 967,000 tonnes averaging 4.39 g/t gold, 18.98 g/t silver, 0.64% zinc, 0.25% lead and 0.04% copper
Drilling, sampling, optioning: Mountain Boy Minerals updates B.C. activities

Mountain Boy awaits assays from Red Cliff,
where core from five holes has revealed visible gold.

Drilling continues at the Red Cliff property, where 25 holes have been completed so far with assays pending. In July Mountain Boy reported visible gold in the program’s first five holes. Red Cliff also has sampling underway at the Lower Montrose and Waterpump zones. The latter has drilling planned, once sampling assays arrive.

Mountain Boy has a 35% interest in Red Cliff, with JV partner Decade Resources TSXV:DEC holding the rest. The ownership gets more complicated, however, now that the two companies have teamed up on additional claims to the southeast. The acquisition gives the JV an earn-in total of up to 80% of the extension, with 28% to be held by Mountain Boy and 52% by Decade. The size of neither the original Red Cliff property nor the additional claims was reported. Mountain Boy and Decade share overlapping management and directors.

TSXV approval came through earlier this month for Mountain Boy’s 100% options on the Surprise Creek and BA properties, both formerly 50/50 JVs with Great Bear Resources TSXV:GBR. Over $12 million of exploration has gone into the nearby projects over the last 10 years, revealing zones of high-grade zinc, lead and silver, as well as zinc, copper and silver.

Prior to a drill program expected later this month, the 7,472-hectare Surprise Creek has sampling underway on a large barite zone and on areas of VMS mineralization revealed by historic sampling. In July the company announced successful production of a barite concentrate that surpassed American Petroleum Institute standards. The mineral is considered essential to oil and gas exploration.

Additional sampling has taken place on the 9,489-hectare BA VMS project, just north of a 2016 channel sample result that returned 3.84% zinc, 1.25% lead and 108 g/t silver over 15 metres. That included a sub-interval of 5.31% zinc, 1.97% lead and 132 g/t silver over 7.5 metres.

Mountain Boy also optioned 60% of West George, a 288-hectare copper property adjacent to the company’s George copper project that the company now holds 100%. The original George has non-43-101 copper-silver-gold estimates. West George has sampling underway.

Meanwhile assays are pending for recent sampling from MB Silver, a project with historic, non-43-101 polymetallic estimates. In southern B.C., Mountain Boy plans to begin PEA studies on its 100%-held Manuel Creek zeolite project.

The company expects to soon close a private placement of up to $1 million.

Read Isabel Belger’s interview with Mountain Boy Minerals chairperson René Bernard.

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

Mountain Boy Minerals chairperson René Bernard points out the added potential of barite on a polymetallic B.C. project

August 17th, 2017

…Read more

René Bernard of Mountain Boy Minerals pursues industrial minerals as well as base and precious metals in B.C.

August 10th, 2017

…Read more

Barite concentrate from Mountain Boy Minerals’ B.C. project surpasses industry standards

July 18th, 2017

by Greg Klein | July 18, 2017

It’s a commodity essential to oil and gas drilling and one that the North American industry relies mostly on imports. But Mountain Boy Minerals TSXV:MTB has found barite on its Surprise Creek property in northwestern British Columbia’s Golden Triangle. Now metallurgical tests have produced a concentrate that far exceeds standards of the American Petroleum Institute, the company announced July 18.

Barite concentrate from Mountain Boy Minerals’ B.C. project surpasses industry standards

Mountain Boy explores the Golden Triangle for base
and precious metals, as well as industrial minerals.

“We are talking about a mineral which, according to the 2016 USGS report on barite, sells for an average of $198 f.o.b. mill with industry relying on imports for 78% of its needs,” said chairperson René Bernard. “With this knowledge in hand we can now promote our location within short trucking distance to deep water port, infrastructure, metal credits and proximity to key markets to attract industry partnerships. Our goal is to have a 43-101 industrial mineral resource later this year after all drilling is completed.”

Flotation tests were applied to a VMS-mineralized intercept that assayed 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. The hole remained open as drilling was suspended due to bad weather.

Flotation first separated copper and zinc, producing a concentrate of 26.2% copper at 70.5% recovery and 53.8% zinc at 89.1% recovery in an open cycle batch test. Higher recovery would be anticipated in a closed circuit test, the lab reported.

The tailings then underwent open circuit flotation, producing 91.6% BaSO4 at 83.2% recovery. The lab estimated that locked cycle tests could bring barite recovery closer to 90%.

The core comes from a drill hole on the Ataman zone, which extends over 1,200 metres of strike and comprises one of a number of the 100%-optioned property’s VMS zones. Last year’s surface work found a 25-metre-wide barite zone with significant base metals values 120 metres west of the hole, Mountain Boy stated. “Surface work also indicated barite zones extending to the mountaintop.”

This year’s Surprise Creek plans include further definition of sulphide/sulphide-barite zones and natural barite veins, along with additional metallurgical work on 2017 drill core, as well as the 43-101 resource.

Reporting on another northwestern B.C. project earlier this month, Mountain Boy announced the third hole in a row showing visible gold from its 35%-held Red Cliff property.

The company’s Golden Triangle portfolio also includes a 100% option on the BA project; a 20% stake in Silver Coin, a gold-silver-base metals project with a resource estimate; the MB property, with historic, non-43-101 polymetallic estimates; a 50% stake in the George property, with non-43-101 copper-silver-gold estimates; the American Creek and Bear Valley silver-base metals projects; as well as copper-gold claims. In southern B.C., Mountain Boy plans to begin PEA studies on its Manuel Creek zeolite project.

Read Isabel Belger’s interview with Mountain Boy Minerals chairperson René Bernard.

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

Three in a row as another hole hits visible gold for Mountain Boy Minerals

July 5th, 2017

by Greg Klein | July 5, 2017

The first three holes testing the Montrose zone of Mountain Boy Minerals’ (TSXV:MTB) Red Cliff project have all revealed yellow-tinged core. With assays still to come, the company announced visible gold in galena-sphalerite stringers at depths lower than expected, showing up at core lengths of 163 metres, 227 metres and 229 metres in a wide mineralized intrusive. Two weeks earlier Mountain Boy reported similar results for the second hole of the Phase I underground program in northwestern British Columbia’s Golden Triangle.

Three in a row as another hole hits visible gold for Mountain Boy Minerals

While assays are pending, the core looks
pleasing to Mountain Boy Minerals.

Another three holes have been completed on the property’s Red Cliff zone, about 900 metres south of Montrose. Findings so far indicate a mineralized zone five to six metres wide with strong chalcopyrite-pyrite within quartz veins and silicified intrusive, Mountain Boy stated.

Mountain Boy has a 35% interest in the joint venture, while Decade Resources TSXV:DEC holds the rest. Adjacently north, Decade works towards a 100% interest on the Silver Crown 6 claim. North of Silver Crown 6, Mountain Boy holds a 100% interest in the MB property, with historic, non-43-101 polymetallic estimates. Decade’s 100%-held Red Cliff Extension claim sits along the east side of Silver Crown 6.

Mountain Boy’s other Golden Triangle interests include a 20% stake in Silver Coin, with a 2011 gold-silver-zinc resource; 100% options on the Surprise Creek base metal-silver-barite project and BA silver-lead-zinc project; a 50% stake in the George property, with non-43-101 copper-silver-gold estimates; the American Creek and Bear Valley silver-base metals projects; as well as copper-gold claims. In southern B.C., meanwhile, the company’s Manuel Creek zeolite project has PEA studies slated to begin.

Read Isabel Belger’s interview with Mountain Boy Minerals chairperson René Bernard.

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

A cornucopia in B.C.

June 30th, 2017

Isabel Belger discusses precious and base metals, industrial commodities with René Bernard of Mountain Boy Minerals

 

Isabel Belger discusses precious and base metals, industrial minerals with Rene Bernard of Mountain Boy Minerals

Isabel Belger

Isabel: I would like to introduce the new chairman of Mountain Boy Minerals TSXV:MTB, René Bernard. Hi René, it is a pleasure to talk to you again and congratulations on becoming chairman. Tell us a little bit about your background, and the decision for you to become chairman of Mountain Boy Minerals.

René: Thank you Isabel, it is always a pleasure to talk to you. Several years ago, I researched a number of junior exploration companies to invest in. I came across Mountain Boy Minerals and was attracted by their 20% carried interest in the Silver Coin property, a 43-101 resource next to a mature mining camp, and their ownership in several other properties with high-grade gold and silver mineralization. After my initial investment, I started talking to management and had an opportunity to visit the properties. As my share position grew over time I offered the company experience I had gained as CEO, president and director of several listed companies in the mineral resource sector. When I agreed to be a director, I was asked by the board to be chair and to actively help with their vision to advance the company’s mining assets.

Isabel: Mountain Boy Minerals projects are all in British Columbia. Could you give a little overview of your properties?

René: Ed [Kruchkowski], our president and CEO, has worked as a geologist in the Golden Triangle of northwestern B.C. for decades. This has allowed him to acquire over time some of the most promising properties. All of our properties, from the gold-rich Silver Coin and Red Cliff claim blocks to the MB Silver, which hosts Bonanza-grade silver mineralization, to the two large VMS zones present on the BA and Surprise Creek properties, have the potential to be operating mines. Not to take away from our precious and base metal assets, we also find industrial metals in our properties which could be profitably mined due to the proximity of roads, power and a deep water port within 30 to 40 kilometres. Earlier this year, we acquired a zeolite property in southern B.C. which is also close to the markets this mineral targets for its use.

Isabel: What have been the highlights so far?

René: There are many, but what comes to mind is the 43-101 report on the Silver Coin showing a large gold resource, our continued success in drilling into high-grade gold mineralization at Red Cliff, and our recent acquisition of the 50% interest in the BA and Surprise Creek properties.

Isabel: Cobalt and lithium have gained a lot of attention within the last year or so. MTB owns properties with the interesting commodities barite and zeolite. Could you explain to the readers what these two (maybe not so well known) commodities are used for and shed some light on why they are interesting?

Isabel Belger discusses precious and base metals, industrial minerals with Rene Bernard of Mountain Boy Minerals

René Bernard took up Mountain Boy
Minerals’ board leadership in May.

René: There would be no oil and gas exploration as we know it today without barite. It is a heavy non-metal mineral which is used as a weighing agent in drilling fluids to control pressure. There are no real alternatives to the use of this mineral. It is deemed a critical mineral as there is not enough local supply to meet demand. As per USGS, 78% of the North American demand was met through imports in 2016, mostly from China, India and Morocco. The USGS quotes the average value per ton as $198 f.o.b. mill. Our situation is unique in that we identified … barite within a large VMS system. The embedded barite zones also carry significant base and precious metal values, as observed by surface sampling and drilling, which adds value in the processing stage. The property is within eight kilometres of a B.C. Hydro transmission line and within 30 minutes’ trucking distance to the deep water port of Stewart.

At our zeolite property we have large zeolite beds with similar favourable infrastructure. Zeolite is called the mineral of a thousand uses. You will see its application in agriculture, water filtration, municipal wastewater treatment, oil spill and soil remediation, and much more.

Isabel: What‘s your strategy and your next steps with the two projects, maybe relating to how much easier it is to produce these in comparison to gold, and how that could help to make revenue—which could be used for developing the other projects?

René: On the barite project, we need to establish a 43-101 resource through systematic drilling. We have submitted material to an analytical lab to show metal recovery and barite specification through gravity and flotation treatment. Later in the year we will have to perform larger-scale testing to show that the process will work in a large operation. We will soon seek to engage industry partners in this exciting discovery.

At the zeolite property we are in the process of conducting several studies which will help us to get the support of the provincial government and local First Nations stakeholders in applying for a quarry licence in the future. We will also need to block out significant volumes through drilling and trenching, and submit samples for testing. The idea has been floating within the company to engage an engineering firm to test for processes to create a slow-release fertilizer. A value-added product like this could be marketed in large quantities and add great value for the company.

Isabel: What is the most exciting thing happening right now at Mountain Boy?

Isabel Belger discusses precious and base metals, industrial minerals with Rene Bernard of Mountain Boy Minerals

An intercept from late last year on the Ataman zone of Mountain Boy’s
50%-held Surprise Creek project showed 4.31% zinc, 44.75 g/t silver,
0.33% copper and 67% barite over 4.58 metres.

René: Our current drill program on the Red Cliff property, which started a couple of weeks ago, and getting ready to do work on the Ataman zone, a 600-metre-wide VMS system we discovered recently on the Surprise Creek property.

Isabel: What are the plans for the rest of 2017?

René: To do good work in advancing our properties with a focus on near-production opportunities. On the corporate side, we will focus on showing our shareholders and potential shareholders the value we see in our different properties. We will reach out to the mining and petroleum industry to attract potential equity partners. These partners would offer more to us than just money; their experience with commodities such as gold, silver, zinc, as well as barite and zeolite, and how to mine them and bring them to market. The company will be in early consultation with provincial and local government and the representatives of First Nations communities.

Isabel: How much money do you have in the bank?

René: Money is always a rare commodity with junior mineral explorers as we are tasked to spend it in developing our properties as soon as we receive it. We are contacting potential industry partners for financial participation and will work with the investment industry and individual shareholders to secure the funds necessary.

Isabel: How much of Mountain Boy is held by the management?

René: Management owns approximately 40% of the outstanding shares. We want to show our investors and co-owners that we truly believe in the value of our assets.

Isabel: What do you like about the mineral exploration business?

René: It is exciting and highly rewarding once an economic resource has been discovered and developed.

Isabel: What is your favourite commodity and why?

René: I like gold; though we all like gold (laughs). I favour silver and zinc to be champions due to depleting stockpiles and ever-increasing uses. I like the practical applications industrial minerals such as barite and zeolite are sought for and how fast they can be brought into production with minimal investments, creating much-desired cash flow.

Isabel: Where do you see the gold price?

René: Somewhere within $1,100 and $1,400 from the understanding I have about the markets and what drives supply and demand.

Read more about Mountain Boy Minerals here and here.

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

Mountain Boy Minerals increases B.C. Golden Triangle presence with two 100% options

June 2nd, 2017

by Greg Klein | June 2, 2017

Mountain Boy Minerals increases B.C. Golden Triangle presence with two 100% options

Home to major deposits as well as earlier-stage exploration, the rugged
terrain of B.C.’s Golden Triangle has Mountain Boy Minerals intrigued.

Encouraging results have prompted Mountain Boy Minerals TSXV:MTB to up its stake in two northwestern British Columbia projects from 50% to 100% options. The company signed the agreement with Great Bear Resources TSXV:GBR, up to then a 50/50 JV partner on both properties, Surprise Creek and BA.

Together, the two nearby projects have undergone over $12 million of exploration spending over the last decade.

As project operator in February, Mountain Boy announced a major base metal-silver-barite zone at Surprise Creek, where one hole on the 7,472-hectare property revealed these intercepts:

  • 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 provided.

Sample results released in January from the 9,489-hectare BA VMS project 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

Subject to approvals, the option lets Mountain Boy take Great Bear’s 50% of both projects by paying $1.3 million and issuing 10 million shares in stages by August 20, 2020. On achieving certain milestones, additional cash payments to Great Bear could total $3.7 million should both properties go into production.

Mountain Boy’s Golden Triangle portfolio includes a 20% stake in the Silver Coin gold-silver-base metals project with a resource estimate, the American Creek and Bear Valley silver-base metals projects, as well as copper-gold claims.

Read more about Mountain Boy Minerals.

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