by Greg Klein | March 30, 2017
Among other plans announced March 30, Mountain Boy Minerals TSXV:MTB intends to conduct metallurgical studies for its Surprise Creek joint venture in northwestern British Columbia. Tests will evaluate one interval of drill core reported in February that shows barite, silver, copper and zinc. Barite is mainly used as an ingredient in drilling mud for oil and gas exploration.
Metallurgical results will guide further Surprise Creek exploration, expected to include surface sampling and drilling. Mountain Boy acts as operator on the 7,472-hectare property in a 50/50 JV with Great Bear Resources TSXV:GBR.
In southern B.C., Mountain Boy has begun discussions with the Lower Similkameen Indian Band prior to PEA studies on the Manuel Creek zeolite project acquired last December. With numerous agricultural uses for the commodity, this 1,062-hectare project holds the advantage of location in the Okanagan farming region.
Back in the province’s northwest, two companies have surface sampling and drilling planned this year for Red Cliff, held 35% by Mountain Boy and 65% by Decade Resources TSXV:DEC. Amid mountainous terrain, plans call for a drone and climbers to locate a 1988 drill collar to sample the zone and confirm previous results from the former gold-copper mine.
Underground drilling will test above and below the property’s 1,000 mine level, which has previously revealed several high-grade intercepts. Some examples include:
- 37.26 g/t gold and 6.07% copper over 0.91 metres
- 21.94 g/t gold and 0.76% copper over 4.42 metres
- 29.93 g/t gold and 1.57% copper over 1.9 metres.
Additional drilling will help define the property’s Montrose zone. Even higher values have been found here:
- 5.18 g/t gold and 0.43% copper over 12.65 metres
- 43.91 g/t gold and 1.46 % copper over 7.47 metres
- 14.53 g/t gold and 0.27% copper over 30.64 metres
Metallurgical studies will also take place.
From 1939 to 1941, mining at Montrose extracted 65 tons averaging 2.45 ounces per ton gold, 2.95 ounces per ton silver, 0.91% copper, 3.5% lead and 4.41% zinc.
Mountain Boy and Great Bear also share the nearby BA VMS project, from where they reported high-grade polymetallic samples in January.
Along with 80% partner Jayden Resources TSXV:JDN, Mountain Boy holds a 20% interest in another property in B.C.’s Golden Triangle, Silver Coin. Using a 0.3 g/t gold cutoff, the project’s 2011 resource shows a measured and indicated total of 842,416 ounces gold, 4.46 million ounces silver and 91.17 million pounds zinc. The inferred category comes to 813,273 ounces gold, 6.69 million ounces silver and 128 million pounds zinc.
Mountain Boy’s regional portfolio also includes the MB project, with historic, non-43-101 estimates for copper, lead, zinc, silver and barite. Grab samples from last year assayed as high as 31,192 g/t silver. The company additionally holds a 50% stake in the George property, which has historic, non-43-101 estimates for copper, silver and gold.
In mid-March the company closed a private placement totalling $231,619.