Mountain Boy was well received at Roundup, the Vancouver version of PDAC. This four-day geo-to-geo mining conference featured real rocks, real maps and real people. This was a real treat after two years of virtual reality.
Lucia Theny, three of our top geos, myself and directors Dusty Nicol and Ben Whiting learned about the latest advances in geoscience, caught up on what other companies are doing and updated our industry colleagues on the impressive advances underway on Mountain Boy’s various projects. There was a constant group of people at the Mountain Boy booth as industry people wanted details on our emerging porphyry copper-gold story at Telegraph.
The major mining companies were well represented at Roundup, keen to meet with companies exploring in British Columbia and the Golden Triangle in particular. Newcrest was there in force. Australia’s largest gold producer recently became a prominent force in the BC mining scene with their $3 billion takeover of Pretium, their second major acquisition in the Golden Triangle. Newcrest is clearly following through on their CEO’s stated objective after the announcement on Pretium of further increasing their presence in this mineral rich part of the world. The other majors clearly don’t want to miss out on the enormous potential in this part of the world.
There was a great deal of interest from the majors in MTB’s Telegraph project. We are not interested in a joint venture at this time and so we will try to parlay that interest into some other form of involvement that leaves us with a full interest in the project and completely independent. Having seen the maps and the rocks, many more companies will now be keeping a close eye on this project.
Overall, it was fun and exciting to get facemask-to-facemask with other human beings, to peer at rocks through hand lenses and wave arms over full-sized maps. It’s not quite normal yet, but things are certainly moving in the right direction.
The high level of interest in the Telegraph project from so many people in the mining industry was extremely gratifying and further confirmation that we are onto something very substantial with that project.
Lawrence Roulston
Feb 9, 2022