Mountain Boy Minerals Ltd.
TSX VENTURE : MTB

December 09, 2010 13:39 ET

Mountain Boy Minerals Reports 3.2 g/t Gold Over 15.2m and 1.7 g/t Gold Over 33.5m and Extends Gold Mineralization 160m to the North at Silver Coin

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 9, 2010) - Mountain Boy Minerals Ltd., ("Mountain Boy" or "the Company") (TSX VENTURE:MTB) has been notified by its joint venture partner Jayden Resources Ltd. (TSX VENTURE:JDN) ("Jayden") that results from extension drilling to the north of previous drilling have extended the footprint of gold mineralization at Silver Coin by 160 metres. Mineralization remains open to the north and northwest of the existing resource. Highlights from this drilling include:

Hole ID From (metres) To (metres) Intercept Length (metres) Au (g/t) Au (oz/t) Ag (g/t) Ag (oz/t) Zn (%)
SC10-320 45.1 48.0 2.9 10.77 0.314 45.36 1.32 1.31
including 46.5 48.0 1.5 19.94 0.582 81.80 2.39 2.42
  107.5 124.0 16.5 3.12 0.091 18.29 0.53 0.35
including 110.5 115.2 4.7 9.27 0.271 48.92 1.43 0.96
  133.0 165.0 32.0 1.05 0.031 12.11 0.35 0.33
  202.5 211.5 9.0 1.73 0.051 4.38 0.13 0.06
SC10-321 36.0 51.2 15.2 3.20 0.093 10.08 0.29 1.00
SC10-322 8.2 41.8 33.5 1.70 0.050 6.25 0.18 0.37
including 32.6 38.7 6.1 6.15 0.180 17.39 0.51 1.79

Highlights limited to intervals exceeding 1.0 g/t Au
Hole SC10-327 had no reportable intercepts

The stepout drilling to the north has demonstrated that the mineralization persists in this direction, and remains open. Exploration targets to the south and west of the resource are also being developed for drill testing. For a drill hole location map and a complete tabulation of the 2010 drill results, please click:

http://www.jaydenresources.com/silver-coin/silver-coin-project-drilling-2010.html

This release represents the final holes of the 2010 Silver Coin drill program, which consisted of 18 holes totalling approximately 2,800 metres. 16 of the 18 holes contained reportable intersections of gold mineralization, and most of those included intervals well in excess of the average grade of the current resource.

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.

ON BEHALF OF THE BOARD

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
    604-681-0710
    or
    Mountain Boy Minerals Ltd.
    Ed Kruchkowski
    250-636-9232
    250-636-9233 (FAX)
    www.mountainboyminerals.ca