Saturday 24th June 2017

Resource Clips


Posts tagged ‘Mountain Boy Minerals Ltd (MTB)’

Mountain Boy Minerals drills more visible gold at B.C.’s Golden Triangle

June 21st, 2017

by Greg Klein | June 21, 2017

With two rigs busy, Mountain Boy Minerals TSXV:MTB intersected visible gold above historic underground workings on northwestern British Columbia’s Red Cliff property. Assays are still pending, but one of the holes that intersected a sheared, mineralized intrusive on the Montrose zone showed the welcome sight of yellow within numerous galena stringers. The company added that mineralization within the two most recent holes resembles a previously reported hole from the same zone that graded 14.53 g/t gold and 0.27% copper over 30.64 metres.

Mountain Boy Minerals drills more visible gold at B.C.’s Golden Triangle

The sight of gold attracts Mountain Boy Minerals
more than Red Cliff’s rugged scenery.

Work continues to test an approximately 200-metre vertical distance between the previous holes and the past-producer’s workings.

About 900 metres south of Montrose, meanwhile, the other rig targets the Red Cliff zone, where quartz with chalcopyrite, pyrite and sphalerite has been found in zones up to five metres in width.

The program also intends to confirm previous results from the property’s Waterpump zone, a goal that will require a drone and possibly climbers to find a 1988 mountainside drill collar.

Mountain Boy has a 35% stake in the project, with JV partner Decade Resources TSXV:DEC holding the remainder.

In deals re-negotiated with Great Bear Resources TSXV:GBR earlier this month, Mountain Boy increased its options on two other Golden Triangle properties, Surprise Creek and BA, from 50% to 100%. Other northwestern B.C. interests include a 100% stake in the MB project, with historic, non-43-101 polymetallic estimates; a 50% stake in the George property, with non-43-101 copper-silver-gold estimates; a 20% stake in Silver Coin, with a gold-silver-base metals resource; the American Creek and Bear Valley silver-base metals projects; as well as copper-gold claims. In southern B.C., Mountain Boy prepares to begin PEA studies on its Manuel Creek zeolite project.

Read more about Mountain Boy Minerals.

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.

Mountain Boy advances B.C. polymetallic, industrial minerals projects

March 30th, 2017

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.

Mountain Boy advances B.C. polymetallic, industrial minerals projects

Rugged terrain and high grades
characterize the former Montrose mine.

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.

Mountain Boy Minerals reports barite-polymetallic results from NW B.C.

February 2nd, 2017

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)
Mountain Boy Minerals reports barite-polymetallic results from NW B.C.

A helicopter lands at the BA project,
part of the same JV with Surprise Creek.

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)
Mountain Boy Minerals reports barite-polymetallic results from NW B.C.

An aerial view of the MB project.

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.

From B.C.’s Golden Triangle

February 14th, 2013

Teuton Resources and Rotation Minerals report gold-silver-polymetallic assays

by Greg Klein

Next Page 1 | 2

Initial drill results from the 4-Js property represent Teuton Resources’ TSXV:TUO “third successful” 2012 exploration program in northwestern British Columbia, the company states. The first set of assays, from near-surface drilling by optionee Rotation Minerals TSXV:ROT, were released February 14:

  • 0.61 grams per tonne gold, 71.66 g/t silver, 0.19% copper, 1.06% antimony, 1.9% lead and 5.4% zinc over 7.62 metres
  • (including 1.29 g/t gold, 140.5 g/t silver, 0.39% copper, 2.61% antimony, 3.23% lead and 11.93% zinc over 2.44 metres)
  • 0.3 g/t gold, 39 g/t silver, 0.1% copper, 0.32% antimony, 1.53% lead and 4.12% zinc over 9.15 metres
  • (including 0.43 g/t gold, 69.5 g/t silver, 0.23% copper, 0.66% antimony, 3.01% lead and 7.03% zinc over 3.05 metres)
  • 0.53 g/t gold, 41.5 g/t silver, 0.19% copper, 0.66% antimony, 1.83% lead and 4.48% zinc over 3.05 metres
  • 0.53 g/t gold, 30.7 g/t silver, 0.07% copper, 0.64% antimony, 2.4% lead and 3.44% zinc over 7.93 metres
  • 0.47 g/t gold, 89.3 g/t silver, 0.18% copper, 0.63% antimony, 1.79% lead and 5.74% zinc over 6.1 metres
  • 0.7 g/t gold, 156.5 g/t silver, 0.3% copper, 1.1% antimony, 2.5% lead and 9.43% zinc over 3.05 metres
  • 0.28 g/t gold, 39.5 g/t silver, 0.05% copper, 0.1% antimony, 1.5% lead and 3.76% zinc over 6.1 metres.
Teuton Resources and Rotation Minerals report gold-silver-polymetallic assays

The terrain is foreboding but northwestern B.C.
has given up some world-renowned reserves.

True widths weren’t available. Intercepts started at seven metres, with the deepest stopping at a down-hole depth of 27 metres. Still pending are assays from 17 more holes of the 1,345-metre program.

Targets were chosen following trenching that showed massive mineralization consisting of bournonite (copper-lead-antimony sulphide), tetrahedrite (copper-antimony-sulphide), sphalerite (zinc sulphide) and galena (lead sulphide) six metres wide and 30 metres long, the company stated. Underlying the mineralization is a strong EM anomaly stretching at least 700 metres. Along trend with the EM anomaly are float boulders carrying bournonite, sphalerite and galena, which the company said could potentially extend the mineralization at least 300 metres from the drill targets.

Four-Js is one of over 25 properties held by Teuton, the Golden Triangle’s largest landholder according to the company’s IR rep, Gary Assaly. Speaking to ResourceClips, he says the company’s flagship “currently is the High property, which is right next door to Pretium. We did some work last year on High North and High South and we came up with some good numbers on High North.” The High property is immediately northwest of 4-Js.

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Decade, Mountain Boy report BC Gold Results of 7.91 g/t over 13.7m

February 9th, 2012

Resource Clips - essential news on junior gold mining and junior silver miningDecade Resources Ltd TSXV:DEC in joint venture with Mountain Boy Minerals Ltd TSXV:MTB announced assays from the Upper Montrose Zone of their Red Cliff Project in northwest BC. Results include

7.91 g/t gold over 13.7 metres
9.99 g/t over 5 metres
4.47 g/t over 10.2 metres
12.26 g/t over 2 metres
4.42 g/t over 3.1 metres
3.25 g/t over 3.1 metres
3.16 g/t over 3.1 metres

Based on 2011 expenditures, Decade has now earned a 65% interest while Mountain Boy holds the remaining 35%. Red Cliff is a gold/copper property consisting of eight Crown-granted claims 25 miles north of the town of Stewart.

View Company Profile

Contact:
Decade Resources Ltd
John Van Duzen
Investor Relations
604.681.0710

Mountain Boy Minerals Ltd
Ed Kruchkowski
Director
250.636.9232

by Greg Klein

Decade, Mountain Boy reports BC Gold Assays up to 16.5 g/t over 8.8m

January 26th, 2012

Resource Clips - essential news on junior gold mining and junior silver miningDecade Resources Ltd TSXV:DEC in joint venture with Mountain Boy Minerals Ltd TSXV:MTB announced results from the Upper Montrose zone of its Red Cliff project in northwestern BC. Assays include

10.9 g/t gold over 10.2 metres
6.98 g/t over 2.2 metres
4.52 g/t over 11.3 metres
18 g/t over 1.2 metres
16.1 g/t over 1.2 metres
16.5 g/t over 8.8 metres
7.43 g/t over 6.6 metres
9.3 g/t over 3.5 metres

Mountain Boy has a 40% interest in the Red Cliff project, Decade has a 60% interest and is the project operator. Red Cliff consists of eight Crown-granted mineral claims located approximately 25 miles north of the town of Stewart.

View Company Profile

Contact:
Decade Resources Ltd
John Van Duzen
Investor Relations
604.681.0710

by Ted Niles

Decade, Mountain Boy report BC Gold Assays as high as 18.01 g/t over 14.2m

November 24th, 2011

Resource Clips - essential news on junior gold mining and junior silver miningDecade Resources Ltd TSXV:DEC in joint venture with Mountain Boy Minerals Ltd TSXV:MTB announced assay results from the Upper Montrose zone of the Red Cliff project in northwestern BC. Highlights include

5.05 g/t gold over 13.5 metres
67.4 g/t over 2 metres
3.97 g/t over 9.1 metres
4.7 g/t over 15.2 metres
18.01 g/t over 14.2 metres
10.2 g/t over 15.9 metres
6.02 g/t over 19.8 metres
9.3 g/t over 3.5 metres
14.6 g/t over 30.6 metres

Mountain Boy has a 40% interest in the Red Cliff project, Decade has a 60% interest and is the project operator. Red Cliff consists of eight Crown-granted mineral claims located approximately 25 miles north of the town of Stewart.

View Company Profile

Contact:
Andrew Bowering
Investor Relations
604.681.0710

by Ted Niles

Decade, Mountain Boy reports BC Gold Assays as high as 12.04 g/t over 15.9m

November 3rd, 2011

Resource Clips - essential news on junior gold mining and junior silver miningDecade Resources Ltd TSXV:DEC in joint venture with Mountain Boy Minerals Ltd TSXV:MTB announced assays from the Upper Montrose zone of its Red Cliff project in northwestern BC. Results include

6.9 g/t over 1.5 metres
12.04 g/t over 15.9 metres
1.99 g/t over 3.1 metres
2.06 g/t over 2.59 metres
3.1 g/t over 3.5 metres
3.26 g/t over 6.4 metres
2.1 g/t over 7.6 metres
5.22 g/t over 22.7 metres
2.1 g/t over 6.1 metres

Mountain Boy has a 40% interest in the Red Cliff project, Decade has a 60% interest and is the project operator. Red Cliff consists of eight Crown-granted mineral claims located approximately 25 miles north of the town of Stewart. Drilling is expected to continue until freeze up.

View Company Profile

Contact:
Andrew Bowering
Investor Relations
604.681.0710

by Ted Niles

Decade, Mountain Boy report BC Gold Assays as high as 10.06 g/t over 13m

October 6th, 2011

Resource Clips - essential news on junior gold mining and junior silver miningDecade Resources Ltd TSXV:DEC in joint venture with Mountain Boy Minerals Ltd TSXV:MTB announced drill results from the Upper Montrose zone of the Red Cliff project in northwestern BC. Highlights include

2.21 g/t gold over 1.2 metres
3.24 g/t over 3.8 metres
10.06 g/t over 13 metres
4.46 g/t over 9.3 metres
11.01 g/t over 6.9 metres

Mountain Boy has a 40% interest in the Red Cliff project, Decade has a 60% interest and is the project operator. Red Cliff consists of eight Crown-granted mineral claims located approximately 25 miles north of the town of Stewart. The current drill program is expected to run until November.

View Company Profile

Contact:
Decade Resources Ltd
Investor Relations
604.681.0710

by Ted Niles