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MTB Metals Corp MBYMF


Primary Symbol: V.MTB

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

Comment by GillRipperon Feb 25, 2021 9:13am
188 Views
Post# 32656396

RE:insider selling

RE:insider sellingMy condolences to you and you're family Rene and thank you for taking the time to address our common concerns.

All the very best to you and you're family and the Mountain Boy Group going forward.

Kind Regards

Gill

From CEO.CA

@renebernard wow,nobody saw this coming. I am aware that several geologists looked @ the core and didn’t spot the absence of silver minerals. There were even samples from the previous high grade drill core which looked identical. I am not trying to make excuses. I feel for our faithful and dedicated shareholders who lost a great amount of their hard earned money today. I have a lot of empathy as we took a 2MM dollar paper loss ourselves. We have been a large shareholder of this company for over 10 years and have seen ups and downs. We are staying committed and take comfort in our large land position in the Golden Triangle and our numerous projects from grassroots to more advanced such as the “Red Cliff” and “BA” properties.Even the “American Creek” property stays highly prospective as the known high grade silver strike is still in place. Some have noticed the insider trades by our family of recent. None of these trades were based on any inside information. We abstained from any trading once we received notice of assays arriving. However ,our recent selling was consistent with historic patterns and helped us to cover the cost of recent private placements. My father ,who was a large shareholder passed away recently and part of the selling was also to cover capital gain estate taxes due at the end of April. I hope this share is not received in bad taste. We will rebound from this setback and I want to thank all the stakeholders for their continued support
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