Mountain Boy Minerals Ltd.
TSX VENTURE : MTB

November 02, 2016 09:30 ET

Mountain Boy Minerals Ltd.: 12.0 m of 5.24% Zn, 1.59% Pb and 30 g/t Ag at BA Project

STEWART, BRITISH COLUMBIA--(Marketwired - Nov. 2, 2016) - Mountain Boy Minerals Ltd. (TSX VENTURE:MTB) (Mountain Boy) has been informed by its joint venture partner, Great Bear Resources Ltd., on initial BA property trench sampling results. The property which is in the Stewart area of the Golden Triangle district of British Columbia is 50 percent owned by Mountain Boy with Great Bear as operator. At the BA project, the BA zone represents the surface exposure of a large VMS system that has been previously drilled-tested over 1.5 kilometres of strike. The zone is located between 2.5 and 4 kilometres from paved highway 37A, the main access route to Stewart, British Columbia, and remains open to extension.

Highlights of the work program results received to date include:

  • Trench "C2" - 12.0 m of 5.09% Zn, 1.81% Pb and 20 g/t Ag within 39.0 m of 3.76% Zn, 2.26% Pb and 30 g/t Ag
  • Trench "C" - 1.5 m of 6.64% Zn, 2.71% Pb and 21 g/t Ag within 19.5 m of 3.92 % Zn, 1.55% Pb and 44 g/t Ag
  • Trench "D" - 12.0 m of 5.24% Zn, 1.59% Pb and 30 g/t Ag within 19.5 m of 3.96% Zn, 1.05% Pb and 20 g/t Ag.
  • Glacial retreat since 2010 has exposed strike extensions of the zone which have now been sampled
  • Re-logging of historical drill core has revealed a high-grade sulphide-carbonate overprint of the stacked volcanogenic massive sulphide system (VMS), comprising a core of enhanced grade that is traceable along strike at surface.

Channel samples reported herein are from surface exposures of semi-massive to massive sulphide that are traceable at surface along the exposed length of the zone.

Samples from four additional trenches as well as re-sampled drill core are currently in the lab for processing. Once the company has received all results, a comprehensive 3D geological model will be created to assist with planning for the 2017 exploration program at the BA project.

The channel sampling program targeted prospective zones of zinc-silver-lead VMS bearing stratigraphy. The work included a comprehensive re-logging and sampling program of historical drill core as well as re-interpretation of the geological model. The new modeling confirms the presence of a "stacked" VMS system along with significant zones of higher grade sulphide-carbonate enrichment, generally containing several percent combined zinc and lead plus associated silver. Sampling has also identified strike extensions of the mineralized zones into areas where glacial cover has melted since the last drilling on the project which was completed in 2010.

The BA zone is part of a horizon identified over a strike length of at least 30 km, stretching from the BA property to the headwaters of Surprise Creek.

E Kruchkowski, P.Geo, president for Mountain Boy, is the Qualified Person as defined by National Instrument 43-101 responsible for the accuracy of technical information contained in this news release

ABOUT MOUNTAIN BOY MINERALS LTD.

Mountain Boy Minerals Ltd. is a Canadian-based mineral exploration company with diverse property and resource holdings around the Stewart region in 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 Surprise Creek, 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.

ON BEHALF OF THE BOARD OF DIRECTORS

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 may contain forward-looking statements. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements."

Contact Information

  • Mountain Boy Minerals Ltd.
    Investor Information
    250-636-2264

    Mountain Boy Minerals Ltd.
    Investor Information
    Gary Assaly
    604-377-7969
    www.mountainboyminerals.ca