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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

Post by shawshank666on Jan 17, 2024 8:43am
219 Views
Post# 35830787

Now we know

Now we knowNow we know why the share price is down. The results have just been released to the public so it seems like some people knew about the results before they were releaed to the public. That's not right. 
Getting back to the results. Hole number 3. You have to look at the wording of the release and then the table in the release. They say 21 meters of 0.68% Cu Eq. This incudes Au, AG,Mo, and Cu. If you look at the table the Cu% over the 21 meters is only 0.23%. The 8.6 meters of 0.57 % Cu Eq shows the Cu% to be 0.46%. Less bad. 
I will quote from the news release for hole 2.
The drill hole mainly intersected the sedimentary-volcanic host rocks and did not intersect any fertile intrusive units, which are an important contributor to increased copper values.

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