Mountain Boy Minerals Ltd.

October 14, 2010 16:49 ET

Mountain Boy Minerals Ltd.: Drilling Intersects 55m Grading 8.42 g/t Gold Including 7m Grading 32.89 g/t at Silver Coin

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 14, 2010) - Mountain Boy Minerals Ltd. (TSX VENTURE:MTB) has been notified by its joint venture partner, Jayden Resources Inc.,that assays from drill hole SC10-311 returned 55 metres averaging 8.42 grams per tonne (0.246 oz/ton) gold and 12.53 grams per tonne (0.366 oz/ton) silver, including 7.0 metres of 32.89 grams per tonne (0.960 oz/ton) gold.

Assay Highlights

Hole ID   From (metres)   To (metres)   Intercept Length (metres)   Au (g/t)   Au (oz/t)   Ag (g/t)   Ag (oz/t)   Zn (ppm)
SC10-311   73.0   128.0   55.0   8.42   0.246   12.53   0.366   3967
including   76.0   83.0   7.0   32.89   0.960   45.36   1.32   11224
including   99.0   103.0   4.0   18.21   0.532   22.40   0.653   7498
including   110.0   116.0   6.0   11.64   0.340   10.40   0.304   4568

Drilling Program

To date the program has completed 18 holes totaling 2697 metres as part of the planned 2010 program, which has addressed two key objectives:

  • Infill holes to aid in ongoing resource studies and confirmation of the grade and continuity of the mineralization
  • Step-out holes to explore for continuation of the mineralization to the north

Drill intersections were calculated using a cutoff of 0.30 g/t Au, and are reported as drilled thicknesses. Work to determine true thicknesses of mineralization is ongoing. Individual samples below the stated cutoff grade of 0.30 g/t Au are occasionally included in the calculated drill intersections, but only to the extent that the average grade in any two adjacent samples remains above the cutoff. Drill samples were assayed by Inspectorate Exploration and Mining Services Ltd. (ISO9001:2008) in Richmond, B.C. for gold by fire assay of a 30 gram (1 assay ton) charge with an AA finish, or if over 10.0 g/t were re-assayed and completed with a gravimetric finish. For these samples, the gravimetric data were utilized in calculating gold intersections. QA/QC included the insertion and continual monitoring of numerous standards and blanks into the sample stream. Samples were also analyzed for a 32-element geochemical suite using ICP-MS.

E. Kruchkowski, P. Geo., a qualified person under National Instrument 43-101, has reviewed this release on behalf of the Company. 

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 30% of the Silver Coin project, a gold-silver-base metals project with a 43-101 defined 835,700 ounces gold in the measured and indicated category and 655,200 ounces in the inferred category. The Company is also is exploring silver-base metals on its American Creek and Bear Valley properties as well as copper-gold in their Stewart area claims.


Ed Kruchkowski, Director

"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."

Contact Information

  • Mountain Boy Minerals Ltd.
    Investor Relations
    Mountain Boy Minerals Ltd.
    Ed Kruchkowski
    250-636-9233 (FAX)