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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 approximately 580 square kilometers 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
Comment by jensen383on Jul 17, 2012 5:40pm
110 Views
Post# 20123409

RE: Drill Results?

RE: Drill Results?

The insiders have not seen any assays that have not been released...although they did see the drill cores. The assays will not be picked up from the assay office until the private placement closes and is approved by the exchange. While there is a requirement for companies to release assays on a timely basis, there is no requirement for them to actually get the assay prepared withinn a specific time frame.

Legally it would be too risky for management to get the assays and not release them, and if they did pick them up and released them (assuming good), then the exchange may make them reprice the PP higher. They made that big mistake with a PP in 2009 and will not do it again.

There are over 40 holes that have been drilled todate and not reported on. By the time the PP closes that number will be higher so we will see weekly or bi-weekly assays results after that..

Bullboard Posts