RE:old newsStewart Rising: Mountain Boy Minerals' and Decade Resources' Joint Venture Improving Port Town's Gold Prospects V.MTB | April 18, 2013 Stewart Rising: Mountain Boy Minerals' and Decade Resources' Joint Venture Improving Port Town's Gold Prospects SOURCE: VantageWire.com - Located near the shores of the Pacific Ocean, the Stewart mining district in northern BC has undergone a turbulent history of gold exploration. Today the region represents one of the largest undeveloped gold/copper districts in the world. With its 2012 drilling program returning high-grade gold results this past month, Mountain Boy Minerals [MTB:CA] has partnered with Decade Resources [DEC:CA] to join a list of companies that are seeing the untapped potential in the region that's once again on the rise. With two management teams that have familiarity in the district dating back to 1969, Mountain Boy has been a player in the region since 1999 when it was incorporated. The company acquired its Red Cliff property in 2007. The acquisition's timing was preceded by foresight that predicted the culmination of three important factors that have led to the region's resurgence: Port, Power, and Price. The town's port activity has been sustained for decades with logging traffic, combined with shipping of asbestos and copper concentrates, but previous attempts to produce gold were either cut short or halted entirely by lack of power, and a less than favourable price. Today, gold prices are more than profitable to work under, and the port is still capable of handling more traffic. The introduction of accessible power has allowed Stewart to finally complete the trifecta of requirements needed to get projects off the ground. Construction of multiple hydroelectric operations has made the Stewart region viable once again. Investment is returning in droves, including a private Chinese investment of $100 million into a joint venture with Selwynn Resources [SWN:CA] to develop its Howard's Pass Project to feasibility. With recent high-grade results that include 16.82 over 2.74 metres, Mountain Boy is further encouraged to drill out its property and contribute to Stewart's latest boom. Building off of historical data that includes 2,385 metres of underground development on 5 levels that produced copper/gold between 1910-12, and in 1972-73, the Mountain Boy/Decade alliance are looking to be the ones that develop Red Cliff once and for all. THE RED CLIFF PROPERTY The first mineral property developed in the area was the Red Cliff Project, which was established in 1908. Production took place between 1910-12, producing approximately 1,136 tonnes of ore estimated to average 5% Cu with gold credits. When it was first established, there was a railway built from the project to tide water, which they would use to ship copper ore to a smelter in Prince Rupert. After a few shipments with less-than-expected grades, the activity was terminated, however the railway was left in place. The property went dormant for several decades before a return of interest was made in the early 1970s. In 1972, another attempt was made that extracted 3,776 tonnes of ore, which was sent to a local mill. Despite two significant undertakings in two separate eras, data from the era needed much more sampling to meet today's standards of resource calculations. The only reserve estimate to date was in 1912, showing a total of 18,900 tonnes that averaged 3.19% Cu, and 2.86 g/t gold. However, this estimate was derived only from broken mineralized material within a stope on only one of the five levels in the mine, and is really only relevant for reference purposes only. Through a purchase made in 2007, Mountain Boy was able to acquire 100% of the project. Since then the company has entered into a joint venture with Decade Resources (Mountain Boy 35%, Decade Resources 65%). A brief look of management and directors on both companies will reveal the pervasive inter-company integration shared amongst the two. A common highlight on both company's roll calls is the presence of Stewart veteran, Ed Kruchkowski, who has been active in the region since 1969. Kruchkowski's familiarity led to the interest of both companies identifying the Red Cliff as a flagship-worthy project to undertake. In total, the project consists of eight claims along the Lydden Creek, and contains three main mineralization types: Fine pyrite, veins carrying coarse pyrite, and intensely silicified rocks. To date, the joint venture team have identified four distinct gold bearing zones called the Red Cliff, Upper Montrose, Lower Montrose and Waterpump within the claims. The project's latest results (released on April 11, 2013) pertained specifically to the namesake Red Cliff portion of the project, which showed 22 g/t over 0.92 meters, 16.82 g/t over 2.74 meters, and 15.61 g/t over 3 meters. These all came from the last 12 holes that the company drilled in 2012. A number of holes have been drilled on the property both since Mountain Boy entered, and prior. A few of the prior holes were drilled on the Upper Montrose, a couple on the Water Pump, and then also on the Red Cliff Zone. Though it's difficult to get at, the Water Pump zone returned 8.5m of 12g/t gold, which are located in a canyon. Drilling on the property has also intercepted very high-grade gold (5.69 g/t over more than 15 metres). Overall 11 holes were drilled into the Upper Montrose Zone, yielding great results along the way. Roads were built to increase access by the previous owner, which is now ThunderMin [THR:CA], prior to more drilling, and the selling to Mountain Boy. Combining both the Red Cliff and Upper Montrose makes for a sizeable resource estimate. Further drilling by the Mountain Boy/Decade teams led to the discovery that the Water Pump was in actuality an extension of the Upper Montrose. The work that was completed at the end of 2012 indicated what was declared a structure that was a pure zone of 2km in length. Overall, there is potential for over a million ounces of gold mineralization through three different types of mineralization. INFRASTRUCTURE The property is approximately 24 km from port, and less than 2 km off of a paved highway (Highway 37A). Thanks to the latest rounds of hydroelectric development, a power line runs directly beside the property. Port access to the region enhances the chances of finding a buyer, as trade routes between BC's west coast and East Asia are already well established; Much of the buying for gold ore for the world is done out of China or India. Should Mountain Boy do some metallurgical work ahead of time, they could feasibly end up with a copper concentrate worthy of shipping. This isn't hard to project, as the Red Cliff portion of the property alone runs 1-2% copper. If those kinds of concentrations run throughout the project's others areas they will definitely be worth shipping. The port is large enough to handle most tasks. It showed recently that it could handle the hauling in of turbines to be hooked into the Northwest Transmission Line. With all of the added boosts being made to the power system, the region is now brimming with power and ready to go. It's worth noting that Red Cliff is within only 6km of the newest dam facility. THE BOTTOM LINE The Red Cliff is not the only property worth mentioning in the Mountain Boy portfolio, but it holds the most gold potential. The company is also developing a sizeable silver deposit only 30km away from Stewart, called the BA Property. The massive VMS deposit is believed to have the potential for 30 to 50 million ounces of silver. However, it requires a lot more drilling at this stage, and followers of the Mountain Boy story will have more to delve into for the Red Cliff before BA gets equal amounts of attention. On Red Cliff, the next step for Mountain Boy and Decade is to go underground, get closer to the Red Cliff zone's true potential, and continue drilling. Like the Upper Montrose, the company could feasibly take the Red Cliff down to 700 meters of depth, with expectations of at least 22 meters of width in gold-bearing mineralization. It's going to require the drilling of some pretty deep holes, thanks to the unforgivable topography. However, under the surface, the geology is ripe for some large mineralization. Compared to the Upper Montrose, it's likely that Red Cliff will be more difficult. However, it also holds a lot more potential. In the meantime, investors with the company on their radar have an upcoming 43-101 report due in the near future. Expect the press release to hit the newswire in the next 2-2.5 months. The presence of a 43-101 compliant report will help the tire-kickers better assess what's actually going on under the surface. The port certainly offers a gateway to more markets. It also adds to the enticement for further development, should this project go the distance to production. The location and logistics are fantastic. It's worth noting that the company definitely isn't alone in this district, as Pretivm Resources [PVG:CA] is building up to a 20 million ounce resource on its BruceJack Project. A road is being built into the property, and a power line is being established. When combining all of the projects that we know of in the Stewart district, there is literally 100 million ounces in that general area; Hence the distinction as currently being one of the world's largest undeveloped gold districts. The keys to this area waking up now, compared to previous attempts is that there is now proper access, power, and prices. They had access before, but not the power, nor the high gold prices that we're seeing now. The port is a key part of this community's future. Multiple companies have looked at the port and discussed shipping concentrates out. Up until now, the port has mostly been used for shipping logs to Asia, and shipping copper concentrates from the nearby Huckleyberry, and Eskay Creek Mines. Right now the port is being developed for the possible production on Selwynn Resources' Howard's Pass project. There is a window open in Stewart, and Mountain Boy seems to have foreseen its opening. Further development, and a push towards establishing a resource will bring a healthy news flow for both Mountain Boy and Decade in 2013. Don't be surprised if this resurgence for Stewart is permanent. G. Joel Chury for the Bottom Line Report VantageWire.com Disclaimer: No information in this article should be construed as individualized investment advice. A licensed financial advisor should be consulted prior to making any investment decision. VantageWire makes no guarantee, representation or warranty and accepts no responsibility or liability as to its accuracy or completeness. Expressions of opinion are those of the VantageWire only and are subject to change without notice. VantageWire assumes no warranty, liability or guarantee for the current relevance, correctness or completeness of any information provided within this article and will not be held liable for the consequence of reliance upon any opinion or statement contained herein or any omission. Furthermore, VantageWire assumes no liability for any direct or indirect loss or damage or, in particular, for lost profit, which you may incur as a result of the use and existence of the information, provided within this article. Accesswire IA April 18, 2013 - 1:00 PM EDT Tags: INDUSTRIAL METALS & MINERALS Rate this press release 0 stars v Add to favourites icon Add to favourites 0 Share0 Tweet0 Share0 Related News Stockhouse @ the Bell: TSX little changed, Dow closes above 17,000 2 hours ago 3 stars Microcap Report: Stans Energy (V.HRE) gets break, Condor Resources (V.CN) soars 2 hours ago 3 stars Asian markets remain soft ahead of US jobs report 10 hours ago 3 stars Recent U.S. Press Releases • FBI: Agents tried to dissuade Colorado woman from jihad 26 minutes ago CAPITAL MARKETS | FINANCIAL SERVICES 3 stars • Sonoro provides â??Force Majeureâ? 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