Sunday 21st October 2018

Resource Clips


Posts tagged ‘Mountain Boy Minerals Ltd (MTB)’

Zimtu’s advantages

January 20th, 2018

Opportunities come calling as Zimtu Capital builds junior companies’ potential

by Greg Klein

With equity holdings in a wide range of juniors, Zimtu Capital TSXV:ZC goes well beyond the prospect generator model to help nurture and grow the companies that comprise its assets. Looking at just a few examples, they can be exploring early-stage minerals projects, progressing an advanced-stage rare earths deposit or generating revenue through disruptive technology. Zimtu helps build the companies with administrative, promotional, technical, legal and financial expertise that ranges from prospectors in the bush to market insiders in Europe and Asia.

Opportunities come calling as Zimtu Capital builds junior companies’ potential

The ZimtuADVANTAGE program additionally offers companies a number of other marketing strategies, including extensive social media coverage and the ZimtuADVANTAGE app. The result is wider exposure and therefore greater investor awareness about each participant.

The breadth of Zimtu’s support brings each company a level of expertise, sophistication and prominence not easily obtained by smaller companies. To further understand the approach, take a look at some Zimtu equity holdings.

 

Meet the ZimtuADVANTAGE companies

 

92 Resources TSXV:NTY—Lithium in the NWT and Quebec, frac sand in B.C.

Metallurgy as well as field work make 92 Resources’ (TSXV:NTY) Hidden Lake hard rock lithium property a standout among early-stage projects. Grab samples from the highway-accessible location 40 kilometres east of Yellowknife have graded as high as 1.86% Li2O, while channel samples on pegmatite outcrops have reached up to 1.58% over 8.78 metres and 2.57% over 0.75 metres. There’s tantalum too, including a sample of 233 ppm Ta2O5 over 1 metre.

Phase I metallurgical tests, meanwhile, produced a high-grade concentrate of 6% to 6.5% Li2O, with recovery rates of 80% to 85% using conventional methods.

In eastern British Columbia, the company holds the Golden frac sand project next door to Northern Silica’s Moberly silica operation. 92 Resources also picked up three Quebec lithium properties. One of them yielded a 7.32% Li2O grab sample on an initial visit.

92 Resources began the new year by closing an oversubscribed private placement of $1.14 million.

Read an interview with 92 Resources CEO Adrian Lamoureux.

 

Arctic Star Exploration TSXV:ADD—Diamonds in Finland, critical minerals in B.C.

The Timantti project attracted Arctic Star Exploration’s (TSXV:ADD) experienced team of diamond explorers to a mining-friendly Finnish region with enviable infrastructure and a geological shield hosting two world-class Russian mines. Previous work showed 111 microdiamonds from 52.7 metres of historically extracted core and another 58 from an 18.9-kilogram sample. In November the company began an ambitious program of geophysics, till sampling and drilling to extract a 500-kilogram core sample from each of two especially promising kimberlites.

Arctic Star’s other diamond interests include its drill-ready Stein project in Nunavut and the Diagras JV in the NWT’s Lac de Gras region. An intriguing departure from gemstones, however, is the company’s Cap property in B.C., home to an exceptionally rare carbonatite-syenite complex that offers potential for several commodities. Assays released last fall from sampling and a single drill hole showed “highly anomalous” niobium, rare earths and phosphate grades.

In late November the company closed oversubscribed private placements totalling $1.69 million.

Read an interview with Arctic Star chairperson Patrick Power.

 

Belmont Resources TSXV:BEA—Lithium in Nevada

Opportunities come calling as Zimtu Capital builds junior companies’ potential

Deep-sensing geophysics will follow
Belmont Resources’ 2017 drill campaign.

Sixty-five kilometres from Clayton Valley, Belmont Resources TSXV:BEA sees encouraging signs of similar geology at its Kibby Basin lithium project. Beginning imminently will be an especially deep-sensing electromagnetics survey to help identify Phase II drill targets.

Last year’s two-hole program extracted core samples grading between 70 ppm and 200 ppm Li2O. Thirteen of 25 samples surpassed 100 ppm, “indicating that the sediments could be a potential source of lithium for the underlying aquifers.”

The company interprets gravity survey data to suggest a closed basin covering 400 hectares and reaching at least 1.5 kilometres in depth, sufficiently large to develop layers that could act as aquifers.

A more recent acquisition, the Mid Corner-Johnson Croft property in New Brunswick comes with historic, non-43-101 sample results for zinc, copper and cobalt. But it hasn’t seen modern geophysics. Belmont’s portfolio also includes a 50% interest in two Saskatchewan uranium properties.

The company closed an oversubscribed private placement of $312,200 In December.

Read an interview with Belmont Resources CFO/director Gary Musil.

 

Castle Silver Resources TSXV:CSR/Canada Cobalt Works—Cobalt in Ontario

Update: Effective February 23, 2018, Castle Silver Resources begins trading as Canada Cobalt Works TSXV:CCW.

Historically, high-grade silver was the attraction but the northern Ontario region of Cobalt got that name for a reason. It’s in and around that area that Castle Silver Resources TSXV:CSR—soon to be renamed Canada Cobalt Works—seeks one of the essential energy metals. Underground mini-bulk sampling at the company’s Castle flagship brought assays up to 3.1% cobalt. More assays are pending from last year’s sampling and 22-hole, 2,405-metre drill campaign at the former mine.

Eighty kilometres southeast, an initial program at the company’s Beaver project collected three hand-cobbed samples, all exceeding 4% cobalt with impressive nickel grades, silver and some gold.

In November Castle Silver signed a provisional milling agreement to locate a plant on its property to process material from Granada Gold Mine’s (TSXV:GGM) project about 200 kilometres away. Additionally Castle Silver sees potential in its Re-2OX proprietary metallurgical process to produce cobalt concentrate.

The company closed a private placement of $1.03 million in mid-January.

 

Commerce Resources TSXV:CCE—Rare earths in Quebec, tantalum-niobium in B.C.

Opportunities come calling as Zimtu Capital builds junior companies’ potential

Amid increasing concern about critical minerals supply,
Commerce Resources’ Ashram rare earths deposit
benefits from geology, metallurgy and location.

An advanced-stage rare earths project endowed with magnet feed elements, amenable to conventional processing and moving towards pre-feasibility in a mining-friendly province—that begins to describe Commerce Resources’ (TSXV:CCE) Ashram deposit in northern Quebec.

Obviously waiting for an update is the 2012 resource, which used a 1.25% cutoff for this near-surface deposit:

  • measured: 1.6 million tonnes averaging 1.77% total rare earth oxides and 7.7% CaF2

  • indicated: 28 million tonnes averaging 1.9% TREO and 5.9% CaF2

  • inferred: 220 million tonnes averaging 1.88% TREO and 4.5% CaF2

The company has sunk about 9,200 metres since then, hitting high grades within carbonatite host rocks containing minerals amenable to well-known processing methods. Showing a superior distribution of magnet feed REOs, Ashram’s metallurgical studies continue to streamline the flowsheet for a high-grade concentrate, also finding potential for a fluorspar byproduct. The REE-hungry world has noticed, with companies like Solvay, Mitsubishi, Treibacher, BASF, DKK, Albemarle, Blue Line and others requesting samples.

Turning to other critical minerals, Commerce’s Blue River/Upper Fir tantalum-niobium deposit in southeastern B.C. reached PEA in 2011 and a resource update in 2013.

Read more about Commerce Resources.

 

Emerita Resources TSXV:EMO—Zinc in Spain, zinc and lithium in Brazil

An acquisitive nature could position this company to take part in zinc’s ascendency. In October Emerita Resources TSXV:EMO joined a 50/50 JV on the Plaza Norte property in northern Spain. The new turf hosts extensions of the past-producing Reocin mine, which gave up 62 million tonnes averaging 11% zinc and 1.4% lead up to 2003. Plaza Norte’s historic, non-43-101 drill results include 9.72% zinc over 18.96 metres and 7.05% over 8.2 metres. As project operator, Emerita has a review underway of the property’s extensive previous data. The company’s JV partner, the Aldesa Group, is a specialized construction and infrastructure firm operating globally.

In Brazil, Emerita holds a 100% option on the Litio project adjacent to the Companhia Brasileira de Litio lithium mine. Emerita’s initial field work has found pegmatite dykes similar to those next door. Other potential acquisitions include the Salobro zinc project in Brazil, along with Paymogo and Aznalcollar, two zinc properties in Spain.

Last month the company closed an oversubscribed private placement totalling $4.24 million, with funds earmarked for Plaza Norte and Salobro.

 

Georox Resources TSXV:GXR—Conventional oil and gas in western Canada

A non-binding LOI signed in December would bring Georox Resources TSXV:GXR a 16,146-hectare Saskatchewan acquisition with 97% oil production and an average working interest of 96.6%. Average daily net production estimates for the first nine months of last year came to 1,415 boe/d. “The oil pools have significant reactivation, waterflood implementation and infill drilling potential,” Georox stated. Subject to due diligence and approvals, the parties expect to consummate by the end of February for a price of $4.5 million.

The company offered a private placement earlier this month of up to $700,000.

 

Glance Technologies CSE:GET—Bringing the newest technology to consumer transactions

Connecting smartphone users with merchants and service providers, Glance Technologies’ (CSE:GET) Glance Pay system goes beyond fast payments to provide marketing, targeted coupons, customer feedback, in-merchant messaging, custom rewards and fraud protection.

At the forefront of blockchain developments, Glance Technologies earlier this month announced a definitive agreement with Cannabis Big Data Holdings to provide technology allowing marijuana retailers and producers to handle cryptocurrency transactions. That’s one example of licensing agreements with the cannabis, fitness and wellness, tourist and foreign student markets.

Late last month Glance Technologies closed a bought deal totalling $11.05 million, boosting the company’s treasury to over $17.4 million.

 

Golden Dawn Minerals TSXV:GOM—Q2 gold-copper production in B.C.

Opportunities come calling as Zimtu Capital builds junior companies’ potential

Having finished dewatering, Golden Dawn prepares to
restart underground operations at southern B.C.’s Lexington mine.

With trial mining set to begin within months, Golden Dawn Minerals TSXV:GOM seeks to revive southern B.C.’s historic Greenwood mining camp. The company holds a cluster of past-producers within 20 kilometres of its Greenwood mill, a 212-tpd facility expandable to 400 tpd that was built in 2007 and put on care and maintenance the following year. The local infrastructure’s condition inspires the company to enter production without de-risking at the feasibility level.

Top priority goes to Lexington, which produced 5,486 ounces of gold, 3,247 ounces of silver and 860,259 pounds of copper in 2008. Two other frontrunners are the Golden Crown gold-copper project and May Mac silver-gold-polymetallic project, both nearby former mines that underwent drilling last year. Meanwhile Golden Dawn continues to expand its portfolio, both in the Greenwood area and farther north.

The company’s most recent financing closed this month on $337,500.

Read more about Golden Dawn Minerals.

 

Kapuskasing Gold TSXV:KAP—Newfoundland copper and zinc

The property’s first drill program since the 1960s barely whetted Kapuskasing Gold’s (TSXV:KAP) appetite for copper exploration at its Lady Pond flagship in northern Newfoundland. Now backed by new intel, the company plans to return for another attack this year. An historic, non-43-101 estimate gives the project’s Sterling prospect about one million tonnes averaging 1% copper that’s open in all directions. Grab samples released in October showed up to 9.03% copper for the Twin Pond prospect, 7.19% copper for Sterling and 1.54% copper with cobalt and silver for the Lady Pond prospect.

Located 94 kilometres by road from a Rambler Mining and Metals TSXV:RAB base metals mill, the Lady Pond project can be reached by logging roads and ATV.

On Newfoundland’s Great Northern Peninsula, Kapuskasing picked up the Daniel’s Harbour property, host to the former Teck mine that produced around seven million tonnes averaging 7.8% zinc from 1975 to 1990. The past-producer’s Mississippi Valley Type deposit suggests the potential for additional resources appearing in clusters.

While in the Great Northern Peninsula, Kapuskasing staked another 1,625 hectares to move in on the burgeoning Gunners Cove gold area play. The company closed private placements totalling $115,000 in August, following a $201,200 placement that closed in June.

Read an interview with Kapuskasing president/CEO Jon Armes.

 

King’s Bay Resources TSXV:KBG—Nickel-cobalt in Labrador, copper-cobalt in Newfoundland

An unexpected benefit of the new Trans-Labrador Highway was recognized by a prospector who sampled roadside copper and cobalt with some nickel and silver. King’s Bay Resources TSXV:KBG moved onto the virgin turf with a more systematic field program, airborne VTEM and last autumn’s initial two-hole program. Although collared over 150 metres apart, each hole found mineralization over wide intercepts, encouraging plans for further drilling following geostatistical and structural analysis.

Meanwhile Phase I field work at the company’s Trump Island project in northern Newfoundland collected 15 grab samples, four of them grading over 1% copper and between 272.3 ppm and 1,213.6 ppm cobalt. One sample underwent an additional ore grade analysis, showing 6.07% copper, 300 ppm cobalt and 14.4 ppm silver. Follow-up exploration is slated for spring.

King’s Bay offered a $250,000 private placement in September that followed financings that closed on $402,000 the previous month.

 

MGX Minerals CSE:XMG—Commodities and technology for energy and industry

As if trying to fuel the energy revolution single-handedly, MGX Minerals CSE:XMG holds a portfolio bursting with nearly three dozen projects. In Alberta and Utah the company counts 20 lithium properties in the exploration state and two more undergoing well-testing. B.C. properties include three silicon projects and eight magnesium projects. Unsated, in November the company opened a satellite office in Chile to evaluate opportunities there.

Some project highlights include the Driftwood Creek magnesium property in B.C., now moving towards a preliminary economic assessment. Paradox Basin in Utah has exploration underway for oil, gas, lithium and other brine minerals. A 2,000-metre drill program has just begun at the company’s 20%-held Case Lake lithium project in Ontario, following a recently completed 5,400-metre campaign.

Among a number of technological developments, MGX claims a breakthrough for zinc-air flow batteries by avoiding dendrite damage, “the single most significant hurdle” in the batteries’ development. With its subsidiary ZincNyx Energy Solutions, the company’s now working on final commercial design for mass production of its scalable 20 kWh zinc-air mass storage battery.

On another technological front, MGX partners with its 46%-held PurLucid Treatment Solutions on a patented process for brine treatment and selective lithium recovery.

Activity like that doesn’t come cheap. In December MGX closed private placements totalling $12.9 million. The previous month MGX and PurLucid won federal/provincial grants totalling up to $8.2 million for their oilpatch water treatment system.

 

Mountain Boy Minerals TSXV:MTB—Exploring the treasures of B.C.’s Golden Triangle

Opportunities come calling as Zimtu Capital builds junior companies’ potential

Rugged but rich terrain attracts Mountain
Boy Minerals to B.C.’s Golden Triangle.

With a stake in several northwestern B.C. properties, Mountain Boy Minerals TSXV:MTB took part in two joint-ventured drill programs last year, along with geophysics on two 100%-held properties. Results so far from the company’s 35%-held Red Cliff gold project show high grades over wide intervals as drilling followed a mineralized system over two kilometres. More assays are pending from the 51-hole program.

Another 14 holes went into Mountain Boy’s 20%-held Silver Coin, hitting high-grade gold and finding a new gold zone. Again, the company’s awaiting further lab results. A 2011 resource gives the project measured and indicated totals of 842,416 ounces gold, 4.46 million ounces silver and 91.2 million pounds zinc. The inferred numbers come to 813,273 ounces gold, 6.7 million ounces silver and 128 million pounds zinc.

Moving closer to the drill stage are two contiguous 100%-held silver-base metals projects, BA and Surprise Creek. Trench assays from late 2016 suggest polymetallic promise with high-grade zinc as well as silver and lead. Following previous drilling, metallurgical tests produced a barite concentrate that exceeds industry standards for this mineral essential to oil and gas exploration.

Mountain Boy offered a private placement of up to $300,000 in October.

Read an interview with Mountain Boy Minerals chairperson René Bernard.

 

ParcelPal Technology CSE:PKG—Online shopping with fast delivery

Opportunities come calling as Zimtu Capital builds junior companies’ potential

ParcelPal’s “Get Anything functionality” adds
fast delivery to shop-by-phone transactions.

Order via smartphone app and get quick delivery at home, work or elsewhere—that’s the disruption ParcelPal Technology CSE:PKG brings to merchants and courier services. Retail, liquor and especially restaurants are currently the partner businesses as ParcelPal expands throughout the Greater Vancouver region. The company says its “Get Anything functionality” allows consumers to “order virtually anything and have it delivered in an hour or less.”

Just six months in operation, the company sees positive business and consumer response, with 3,000 app downloads in October and November, and repeat clients. Future goals include expansion in other major Canadian cities, and eventually the U.S. and abroad.

ParcelPal closed an oversubscribed private placement of $1.65 million in mid-January.

 

Rockcliff Metals TSXV:RCLF—A gold-VMS camp in Manitoba

It might be said that Rockcliff Metals TSXV:RCLF picks up where Hudbay Minerals TSX:HBM leaves off. Rockcliff assembled its portfolio largely by acquiring non-core Hudbay assets in Manitoba’s Flin Flon-Snow Lake region. As a result Rockcliff holds interests in five gold projects, two copper-polymetallic deposits with resource estimates and three zinc deposits with historic, non-43-101 estimates. All lie within trucking distance of two Hudbay processing facilities.

With three projects active last year, Rockcliff updated its Talbot resource in December, announcing an inferred 150 million pounds copper, 130.4 million pounds zinc, 241,000 ounces gold and 3.8 million ounces silver that’s open in all directions.

Recent stepout drilling brought high-grade zinc results from Bur, moving the project from historic towards 43-101 resource stage. Currently the non-43-101 numbers show an indicated 1.05 million tonnes averaging 8.6% zinc and 1.9% copper, along with an inferred 302,000 tonnes averaging 9% zinc and 1.4% copper, as well as some silver and gold.

Polymetallic VMS isn’t Snow Lake’s only attraction. Among Rockcliff’s gold properties is the former Laguna mine, where induced polarization and resistivity found 17 anomalies over a trend that hasn’t been drilled since 1944.

In August Rockcliff closed an oversubscribed private placement of $1.35 million.

Read more about Rockcliff Metals here and here.

 

Saville Resources TSXV:SRE—Niobium-tantalum in Quebec

Strong sample grades with an outstanding 5.9% niobium pentoxide enticed Saville Resources TSXV:SRE onto Commerce Resources’ Eldor property earlier this month. While the latter company focuses on bringing its rare earths project to pre-feasibility, Saville took on a 75% earn-in on the Eldor niobium claims, enthusiastic about their potential for critical minerals.

Out of 64 samples collected by Commerce, 40 exceeded 0.5% Nb2O5, 16 of them surpassing 1%. Assays also showed significant tantalum, phosphate and rare earths numbers. Among previous drill results were 0.46% Nb2O5 over 46.88 metres and 0.55% over 26.1 metres (including 0.78% over 10.64 metres).

Results also show niobium-tantalum occurring within the mineral pyrochlore, the world’s dominant source for those critical elements. Eldor’s pyrochlore shows a relatively course grain size, a positive prognosis for metallurgy.

At Saville’s other northern Quebec asset, Covette’s sampling and geophysics show potential for base and precious metals.

In December the company offered private placements totalling up to $500,000.

Read more about Saville Resources.

 

Voltaic Minerals TSXV:VLT—Lithium from brine and from wastewater too

Voltaic Minerals TSXV:VLT sees three key distinctions to its Green Energy lithium project in Utah. A review of extensive historic oil and gas exploration data indicates the property’s brine to be over-saturated with 40% minerals in 60% water, suggesting potential for a wide range of minerals. The brine also faces immense pressure and high temperature, two factors that would aid extraction. The 1,683-hectare property has proximity to road, rail and power.

But apart from the Green Energy project, Voltaic takes another approach to sourcing lithium. The company has engaged Whittier Filtration, a division of global leader Veolia Water Technologies, to develop marketable processes for extracting lithium from wastewater taken from commercial and industrial sites. The companies expect to report bench scale tests soon.

Mountain Boy Minerals/Decade Resources cut 6.6 g/t gold over 11 metres, 7.05 g/t over 9 metres in NW B.C.

January 9th, 2018

by Greg Klein | January 9, 2018

It’s not just the lure of gold but the high-grade stuff that keeps Mountain Boy Minerals TSXV:MTB and its friends drilling the steep slopes of northwestern British Columbia’s Golden Triangle. A new year batch of assays from the Red Cliff project delivered just that, with several impressive intercepts from the property’s Montrose zone.

Mountain Boy has a 35% stake in the project, with joint venture partner Decade Resources TSXV:DEC holding the remainder. The companies share more complicated ownership of nearby acquisitions.

Mountain Boy Minerals/Decade Resources cut 6.6 g/t gold over 11 metres, 7.05 g/t over 9 metres in NW B.C.

Access roads wind their way to Red Cliff’s lofty heights.

Last year’s work traced a mineralized system over Red Cliff for two kilometres. These results constitute the final assays from Montrose, which underwent 35 holes in 2017. Five more were sunk on the Red Cliff zone and another 11 on Waterpump.

Early assays for Waterpump, where core has revealed visible gold, were released in October. They followed September results from the property’s Red Cliff and Montrose zones. Additional Waterpump assays are pending. Mountain Boy considers the three areas to constitute a single zone that was displaced by faulting.

Some highlights from the final Montrose batch show:

Hole DDH-MON-7

  • 10.2 g/t gold over 1.52 metres, starting at 237.5 metres in downhole depth

  • 5.88 g/t over 5.03 metres, starting at 251.83 metres

  • 10.4 g/t over 1.52 metres, starting at 264.39 metres

DDH-MON-8

  • 14.6 g/t over 2.2 metres, starting at 241.01 metres

DDH-MON-13

  • 5.28 g/t over 2.9 metres, starting at 45.27 metres

DDH-MON-29

  • 2.62 g/t over 8.08 metres, starting at 82.77 metres

  • 7.05 g/t over 9.15 metres, starting at 96.85 metres

  • 2.06 g/t over 9.15 metres, starting at 112.2 metres

DDH-MON-31

  • 5.75 g/t over 3.05 metres, starting at 352.44 metres

  • 6.6 g/t over 11.19 metres, starting at 374.79 metres
  • (which includes 13.9 g/t over 2.04 metres)
  • (and also includes 13.7 g/t over 3.05 metres)

True widths weren’t available.

Recent results will be incorporated with data from 2007 to 2012 to calculate Red Cliff’s maiden resource, expected this year.

In another high-grade Golden Triangle JV, Mountain Boy (20%) and Jayden Resources TSXV:JDN (80%) announced assays last November from a new gold zone northeast of their Silver Coin deposit, following last year’s 14-hole, 2,226-metre campaign.

Mountain Boy’s third 2017 drill program had 500 to 600 metres planned for the 100%-held Surprise Creek property. Forsaking gold this time, the target was barite, a mineral essential to oil and gas exploration. The company also holds the Manuel Creek zeolite project in south-central B.C.’s Okanagan region.

Among new faces joining the company last month, incoming president/CEO/director Mark Brown holds 25 years of financial and mining experience. A chartered accountant, he founded Rare Element Resources and built it into a $500-million company listing on the NYSE Amex exchange. New CFO/corporate secretary Winnie Wong is also a CA with extensive mining company experience.

Joining the BOD is well-known commentator and industry executive Lawrence Roulston. His nearly 40-year career includes executive positions with numerous B.C. exploration companies. He currently acts as managing director of WestBay Capital Advisors.

In October Mountain Boy offered a private placement of up to $300,000.

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

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

Mountain Boy/Jayden hit 8.63 g/t over 7.72 metres in new Golden Triangle gold zone

November 28th, 2017

by Greg Klein | November 28, 2017

Strong assays from a previously unexplored area 550 metres northeast of the Silver Coin deposit indicate a new gold zone on the northwestern British Columbia property, according to the JV partners. With 80% and 20% interests respectively, Jayden Resources TSXV:JDN and Mountain Boy Minerals TSXV:MTB announced the discovery from a recently completed 14-hole, 2,226-metre program.

Highlights from five holes released November 28 include:

Mountain Boy/Jayden hit 8.63 g/t over 7.72 metres in new Golden Triangle gold zone

Magnificent scenery doesn’t distract attention
from high-grade gold at Silver Coin.

Hole SC17-444

  • 8.08 g/t gold and 4.7 g/t silver over 2 metres, starting at 94.03 metres in downhole depth
  • (including 13.7 g/t gold and 5.91 g/t silver over 1 metre)

SC17-445

  • 5.12 g/t gold and 91.3 g/t silver over 3 metres, starting at 35 metres

  • 5.38 g/t gold and 17.07 g/t silver over 7.3 metres, starting at 146.2 metres
  • (including 6.21 g/t gold and 12.06 g/t silver over 5.37 metres)
  • (and including 15.5 g/t gold and 17.1 g/t silver over 1 metre)
  • (and including 10.7 g/t gold and 18 g/t silver over 0.5 metres)

SC17-446

  • 5.9 g/t gold and 45.32 g/t silver over 1.8 metres, starting at 103.6 metres
  • (including 8.62 g/t gold and 42.6 g/t silver over 0.8 metres)

  • 14.6 g/t gold and 52.5 g/t silver over 1 metre, starting at 131.2 metres

SC17-452

  • 8.63 g/t gold and 11.99 g/t silver over 7.72 metres, starting at 16.46 metres
  • (including 17.69 g/t gold and 23 g/t silver over 3.2 metres)

  • 4.86 g/t gold and 5.68 g/t silver over 2.5 metres, starting at 77.82 metres
  • (including 6.46 g/t gold and 6.22 g/t silver over 1.5 metres)

  • 8.25 g/t gold over 1 metre, starting at 88.97 metres

True widths were estimated between 60% and 80%. More assays are pending.

As for the main Silver Coin deposit, using a 2 g/t gold cutoff its 2013 resource shows an inferred category of 967,000 tonnes averaging 4.39 g/t gold, 18.98 g/t silver, 0.64% zinc, 0.25% lead and 0.04% copper.

The 1,470-hectare property hosts a zone of faulting and shearing with mineralization up to 300 metres wide and 2.5 kilometres long, the JV partners stated. They consider Silver Coin to share many characteristics with the former Silbak-Premier mine five kilometres south, which produced an estimated 1.8 million ounces gold, 41 million ounces silver, 4.2 million pounds copper, 62 million pounds lead and 20 million pounds zinc.

Meanwhile Mountain Boy has been reporting high grades and visible gold from another Golden Triangle drill campaign, as the company’s 35%-held Red Cliff project advances towards its maiden resource.

A drill program on two contiguous Golden Triangle properties, Mountain Boy’s 100%-held BA and Surprise Creek silver-base metals projects, awaits analysis of results from an airborne VTEM and magnetic survey.

Having closed a $586,400 private placement in September, the company offered a $300,000 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.

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 an 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.