MTB Metals Corp V.MTB

Alternate Symbol(s): MBYMF

Metals & Mining Industrial Metals & Minerals

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

MTB Metals Corp

Bullboard Posts

Post by tiengongon Jun 30, 2012 6:26pm

114 Views

Post# 20072733

Red Cliff overall gold grade = 0.27 oz./tonne

Red Cliff property Assays
			L	G
June 8 2012
DDH No.	From (m)	To (m)	Width (m)	Au g/t
DDH-2012-MON-3	67.07	71.34	4.27	62.38

June 5 2012					L x G	L
DDH No.	From (m)	To (m)	Width (m)	Au g/t	width x g/t (m-g/t)	width (m)
DDH-2012-MON-1	66.16	69.82	3.65	12.8	46.72	3.65
DDH-2012-MON-2	53.96	55.49	1.52	2.06	3.1312	1.52
and	63.11	64.63	1.52	2.17	3.2984	1.52
DDH-2012-MON-3	67.07	71.34	4.27	8.4	35.868	4.27
DDH-2012-MON-4	72.47	73.17	0.7	7.54	5.278	0.7
and	104.57	106.1	1.52	2.9	4.408	1.52
DDH-2012-MON-5	72.56	73.93	1.37	2.26	3.0962	1.37
and	75.61	78.35	2.74	1.26	3.4524	2.74
DDH-2012-MON-6	77.13	81.71	4.57	3.04	13.8928	4.57
DDH-2012-MON-7	73.93	82.32	8.38	4.66	39.0508	8.38
and	91.62	92.68	1.07	6.13	6.5591	1.07
and	100	100.41	4.1	7.62	31.242	4.1
DDH-2012-MON-8	96.95	98.48	1.52	1.02	1.5504	1.52

March 5 2012
	From (m)	To (m)	Width (m)	Au g/t
DDH-MON-11-30	49.39	60.37	10.35	5.37	55.5795	10.35
and	75.61	85.52	9.91	5.84	57.8744	9.91
and	90.85	103.05	12.2	2.81	34.282	12.2
DDH-MON-11-39	96.95	103.05	6.1	6.76	41.236	6.1
and	112.8	115.24	2.44	2.37	5.7828	2.44
and	121.34	124.39*	3.05	1.51	4.6055	3.05

February 9 2012
No.	From (m)	To (m)	Width (m)	Au g/t
DDH-MON-11-20	23.78	27.13	3.35	3.33	11.1555	3.35
and	48.17	51.22	3.05	3.16	9.638	3.05
and	142.68	145.73	3.05	3.25	9.9125	3.05
DDH-MON-11-23	49.24	54.27	5.03	9.99	50.2497	5.03
and	55.18	56.71	1.53	3.7	5.661	1.53
and	57.32	58.99	1.67	3.2	5.344	1.67
and	62.35	72.56	10.21	4.47	45.6387	10.21
DDH-MON-11-28	102.9	104.88	1.98	12.26	24.2748	1.98
and	112.2	125.91	13.71	7.91	108.4461	13.71
and	150.91	153.81	3.05	4.42	13.481	3.05

November 23 2011
No.	From (m)	To (m)	Width (m)	Au g/t
DDH-MON-11-18	74.09	87.65	13.54	5.05	68.377	13.54
DDH-MON-11-19	23.63	25.61	2.02	67.4	136.148	2.02
and	72.67	82.01	9.14	3.97	36.2858	9.14
DDH-MON-11-21	54.27	69.51	15.24	4.7	71.628	15.24
DDH-MON-11-22	53.66	67.84	14.18	18.01	255.3818	14.18
DDH-MON-11-24	17.68	33.54	15.86	10.2	161.772	15.86
and	66.46	86.28	19.82	6.02	119.3164	19.82
DDH-MON-11-27	96.49	100	3.51	9.3	32.643	3.51
and	102.9	133.54	30.64	14.6	447.344	30.64

October 11 2011
No.	From (m)	To (m)	Width (m)	Au g/t
DDH-MON-11-7	115.2	116.6	1.4	3.9	5.46	1.4
DDH-MON-11-8	126.8	134.9	8.1	8.08	65.448	8.1
DDH-MON-11-9	131.7	140.6	8.9	28.1	250.09	8.9
DDH-MON-11-10	83.5	86.4	2.9	2.7	7.83	2.9
DDH-MON-11-11	138.6	146	7.4	43.7	323.38	7.4

October 5 2011
	From (m)	To (m)	Width (m)	Au g/t
DDH-MON-11-1	162.8	164.02	1.21	2.21	2.6741	1.21
and	167.07	172.01	3.81	3.24	12.3444	3.81
DDH-MON-11-2	173.17	186.13	13	10.06	130.78	13
DDH-MON-11-5	147.1	156.71	9.3	4.46	41.478	9.3
DDH-MON-11-6	121.8	128.66	6.85	11.01	75.4185	6.85
					2924.5078	314.43
					EXACT OVERALL GRADE =
					sum of all L x G divided by
					sum of all L =	9.30	g/t

EXACT OVERALL GRADE FROM ALL 28 DRILL CORES
= TOTAL WEIGHT OF GOLD FROM ALL DRILL CORES / TOTAL WEIGHT OF ALL DRILL CORES
= 9.3 g/t = 0.27 ounce per tonne of ores

For each 10 million tonne of ores, there are 2.7 million ounces of gold = $4.05 billion at gold price of $1,500

Mountain Boy's share = 35% x $4.05 billion = $1.41 billion for each 10 million tonnes of ores
Decade Resources's share = 65% x $3.6 billion = $2.63 billion for each 10 million tonnes of ores

Investors are not impressed with short interval of good grade gold, only long core lengths make headline
With high grade gold even in shallow holes, it is very likely that long core length of spectacularly
high grade gold exists in the depth. Such assay result has caused euphoria
in the financial market by Unigold's (UGD.V) assays and by former Aurelian Resources.
Deep hole drilling (400 meters to 1000 meters) is warranted which may yield Aurelian style discovery:

https://www.youtube.com/watch?v=4vLwL5sOl04


References:

Decade Resources website:
https://www.decaderesources.ca/s/News.asp

Mountain Boy Minerals website:
https://www.mountainboyminerals.ca/s/Home.asp


Mathematics:

TOTAL WEIGHT OF GOLD FROM ALL DRILL CORES
= sum of (1/4 x 3.1416 x D^2 x L x S x G) in each drill core
where D is the diameter of the core in meter, D^2 is square of D
L is the width or length of each core in meter
S is the density of the core in tonnes per cubic meter
G is the mineral grade in each drill core

TOTAL WEIGHT OF ALL DRILL CORES
= 1/4 x 3.1416 x D^2 x S x (sum of all core width or length)

EXACT OVERALL GRADE FROM ALL 28 DRILL CORES
= TOTAL WEIGHT OF GOLD FROM ALL DRILL CORES / TOTAL WEIGHT OF ALL DRILL CORES
= sum of all (L x G) / sum of all L
= (L1 x G1 + L2 X G2 + …… + Ln x Gn) / (L1 + L2 +……..+ Ln)