Interpretation of VTEM Survey to Assist in the Potential Discovery of VMS Zones on the Expansive BA and Surprise Creek Proper...
16 November 2017 - 3:01PM
Mountain Boy Minerals Ltd (“Mountain Boy”) (TSX.V:MTB)
(Frankfurt:M9U) reports that it has started an interpretation
of an airborne survey consisting of 1564 line km of VTEM and
magnetic data over the Surprise Creek and BA mineral tenures. These
tenures are located 30 km east and northeast of Stewart within the
“Golden Triangle” area of British Columbia. Paved highway 37A
passes through the middle of the two properties which are
contiguous. The properties host the same stratigraphic horizon in
which the famous Eskay Creek mine was located. The properties host
silver-lead-zinc mineralization, part of an exhalative volcanogenic
massive sulfide (VMS) style as well as base and precious metal
mineralization systems.
Ed Kruchkowski, president of the Company,
states: “The Company considers the 100% owned BA and Surprise Creek
properties key in its mandate to find and develop economic ore
bodies. Based on exploration success obtained by other
companies using geophysical surveys as an exploration tool, the
Company decided to conduct a geophysical interpretation of previous
VTEM and magnetic data for the Surprise Creek and BA properties.
These properties have overburden and snow cover that obscures much
of the underlying geology. The two properties are large with 9500
ha at Surprise Creek and 7412 ha at the BA property. The
geophysical interpretation will allow for a more focused
exploration effort. This data by Geotech Airborne from
previous exploration has not been closer analyzed and has now
been sent to Liberty Lake, WA for geophysical interpretation. VTEM
is useful for delineating conductors (veins, massive sulfide
lenses, etc.) down to 400m below surface. A total of 3327 line
kilometres of survey spaced at 200m was flown over the 2 claim
blocks. Results of the interpretation are expected within 2 to 3
weeks”.
The Surprise Creek and BA properties cover an
area of approximately 30 km of known VMS style
mineralization. In addition, folding within the Surprise
Creek claims has resulted in repeat sections of the prospective VMS
horizons. There are at least 10 separate VMS boulder trains or
showings; 4 on the BA property and 6 on the Surprise Creek
property. The Company website at www.mountainboyminerals.ca shows
the location of the VMS style of mineralization.
Abundant barite is common on the Surprise Creek
property. It is a common constituent of Kuroko style VMS systems
forming layers above the base metal-silver mineralization. To date
only 4 short drill holes have tested the barite rich portion of the
Ataman zone at the headwaters of surprise Creek.
On the BA property the main BA zone is part of
an exhalative system with associated zinc -lead - silver
mineralization. The main exhalite horizon is up to 50 metres wide
and can be traced for at least one kilometre. The BA property has
been tested by 28,341m of drilling in 178 holes. The main BA zone
is open along strike and to depth. Highlights of previous drilling
include:
- 51.93m of 140.44 g/t Ag, 1.66% Pb and 2.51 % Zn in
DDH-BA-2007-1
- 6.1m of 119 g/t Ag, 0.74% Pb and 6.28 % Zn in
DDH-BA-2010-78
- 5.76m of 229.3 g/t Ag, 2.19% Pb and 0.81 % Zn in
DDH-BA-2010-82
- 15.24m of 117.5 g/t Ag, 1.18% Pb and 2.81 % Zn in
DDH-BA-2010-147
Immediately north of the above 2007-2010
drilling, channel sampling at the edge of the glacier yielded 7.50
m of 5.31% Zn, 1.97% Pb and 132 g/t Ag within 15.0 m of 3.84% Zn,
1.25% Pb and 108 g/t Ag.
Ed Kruchkowski, P. Geo., a qualified person
under National Instrument 43-101, is in charge of the exploration
programs on behalf of the Company and is responsible for the
contents of this release. E. Kruchkowski is not independent of
Mountain Boy as he is the president of the Company.
Mountain Boy Minerals Ltd. is a Canadian based
mineral exploration company with diverse property and resource
holdings within the Stewart region located in the very prolific
area of British Columbia’s Golden Triangle. It owns 20% of the
Silver Coin project, a gold-silver-base metals project that has a
43-101 compliant resource calculated. The Company is also exploring
silver-base metals on its American Creek and Bear Valley properties
as well as copper-gold on their Stewart area claims. For a complete
listing of the Company assets and developments, visit the Company
website at www.mountainboyminerals.ca. For investor
information please call 250-636-2264 or Gary Assaly at
604-377-7969.
ON BEHALF OF THE BOARD OF MOUNTAIN BOY MINERALS LTD
Ed Kruchkowski”Ed Kruchkowski, President
Neither the TSX Venture Exchange nor its
regulation services provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
This news release contains forward–looking
statements related to the anticipated closing of the royalty
purchase. Forward-looking statements address future events and
conditions and therefore involve inherent risks and uncertainties,
including risks related to receipt of required regulatory approval
and general transaction closing risk. Actual results may differ
materially from those currently anticipated in such statements. The
Company expressly disclaims any intention or obligation to update
or revise any forward-looking statements whether as a result of new
information, future events or otherwise except as otherwise
required by applicable securities laws.
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