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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

Bullboard Posts
Post by tiengongon Jun 28, 2012 12:51am
684 Views
Post# 20062456

Story of Aurelian Resources

Story of Aurelian Resources

This is how Aurelian got its financing to drill deep holes, it all started with just one spectacular assay:

Aurelian spent 3 years drilling in the basin at the down stream of Fruta Del Norte and delineated insignificant gold resources.  A geologist Steven Leary joined Aurelian in March, 2005 and traced the alluvial gold upstream to a place called Fruta Del Norte.  Initial few shallow holes immediately yield gold grade much like that of Mountain Boy. So he set targets for deep hole drilling and the first deep hole yield long core length of high grade gold.  Share price went viral, surging from 15 cents to 5 dollars.  Financial market also went viral and offered Aurelian $25 million financing for the placement of just a few million units.  Subsequent deep hole drilling yielded longer and much higher old grade, then the financial market offered Aurelian $75 million financing for a few million units.  With more spectacular core length and bonanza gold grades, share price continued to surge to $40 from May to November in just 6 months.  In 2007 shares were splitted 1 to 4, from 35 million shares to 140 million shares and share price was converted from $40 to $10.  In 2008 Kinross offered to buyout Aurelian at $8 per share in a $1.2 billion deal.

Bullboard Posts