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MTB Metals Corp V.MTB

Alternate Symbol(s):  MBYMF

MTB Metals Corp is a Canadian mineral exploration company. The Company has six active projects spanning 670 square kilometers (67,587 hectares) in the prolific Golden Triangle of northern British Columbia. Its projects include Telegraph, American Creek, Red Cliff, BA property, Theia and Southmore. The Telegraph project is located in the vicinity of four porphyry deposits being advanced by mining companies: Galore (Teck / Newmont), Schaft (Teck), Saddle (Newmont) and the operating Red Chris copper-gold mine (Newcrest / Imperial Metals). The American Creek project is centered on the historic Mountain Boy silver mine. The project is road accessible and 20 kilometers (km) from the deep-water port of Stewart. Red Cliff is a past producing gold and copper mine in which the Company holds a 35% interest. The BA property is a silver-lead-zinc mineralization located approximately four km from the highway. The Southmore is in the midst of some of the deposits in the Golden Triangle.


TSXV:MTB - Post by User

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Post by dudediligenton Oct 06, 2009 10:28am
290 Views
Post# 16365797

News

News

Mountain Boy starts processing 2008 drill holes at BA

2009-10-06 07:08 PT - News Release

Mr. Ed Kruchkowski reports

PROCESSING OF 2008 DRILL HOLES FROM THE BA PROPERTY HAS STARTED

Mountain Boy Minerals Ltd. confirms that processing of the 38 holes completed in 2008 on the BA property has started. Processing involves photographing the core, logging, RDQ measurements, specific gravity determinations for the various mineralized rock types, core cutting and assaying. Drill hole collar surveying and topographic mapping were completed in 2008 for all 90 drill holes completed to date.

The company believes that the property hosts a mineralized zone representing the upper portion of a Kuroko-type volcanogenic massive sulphide (VMS) system composed of an exhalite horizon with related zinc-lead-silver mineralization. In the drill area, this mineralization consisting of finely bedded sphalerite and pyrite with minor galena and chalcopyrite occurs below the main exhalite (red jasper/green to grey chert) horizon and is located within mudstones, mudstone breccias and dacite Bedded sphalerite (zinc sulphide) is generally present within mudstones while the dacite breccia carries higher silver values particularly within hematite altered sections with barite. For previous drill results, visit the Mountain Boy website.

Drilling to date has only tested approximately 500 meters of strike length of a mineralized horizon exposed over 800 meters in the immediate area of holes completed to date.

Surface work in 2008, approximately 400-500 meters north of the present drilling has indicated another 3 to possibly 4 different exhalite-mudstone and/or dacite horizons within an andesite sequence of flows and breccias. Work has shown sphalerite-galena-pyrite-chalcopyrite mineralization within mudstones in this area. Hydrozincite stain (hydrated zinc carbonate) has also been noted on rock walls along these mudstone sequences. Each of these new zones appears to be in excess of 30 meters in width in a bench area measuring 500 meters by 500 meters.

The BA claims are well located approximately 30 km east of Stewart in the Skeena mining division approximately 3 kilometers south of a power line and paved Highway 37A.

The company has received government permits for the Dunwell Gold project allowing the company to commence surface and drill preparation programs. Drilling will test south of portal #1 and in the area of portal #4 to explore for vein extensions, this property can be drilled in the winter, it is at approx.1500 feet elevation and has no avalanche issues.

E. Kruchkowski, P. Geo., a qualified person under National Instrument 43-101, is in charge of the exploration program on behalf of the Company. Drill core and surface samples will be assayed by Assayers Canada of Vancouver, BC.

We seek Safe Harbor.

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