Mr. Lawrence Roulston reports
NEW GOLD-SILVER DISCOVERIES ON SURPRISE CREEK
Mountain Boy Minerals Ltd. has released further new discoveries on the Surprise Creek project, located in the Golden Triangle of British Columbia, 35 kilometres northeast of the deepwater port of Stewart, B.C. Results from the first batch of prospecting samples from the summer field program have extended the known mineralized zones and identified additional zones of interest in this emerging VMS district.
Highlights:
-
Assays from the Grunwald zone assaying up to 6.1 grams per tonne gold and 196 g/t silver as well as base metal values of up to 0.111 per cent copper, 1.49 per cent lead and 15.1 per cent zinc.
- Extension of the Ataman base metal-barite zone 700 m to the south (upper Ataman), with up to 0.3 per cent copper, 5.46 per cent lead, 1.24 per cent zinc, 147 g/t silver and 1.04 g/t gold.
- Two new base metal zones north of the Ataman zone with up to 17.3 per cent lead, 6.45 per cent zinc and 126 g/t silver.
The Surprise Creek property encompasses 100 square km, beginning three km north of Highway 37. The historic high-grade silver Goat mine borders the property to the south. Exploration by multiple companies over a period of decades has identified numerous silver-gold-base metal occurrences on the property. Work by the Mountain Boy geological team over the past year, along with input from a leading authority in this type of geology (Dr. Bruce Gemmell), supports a geological model of an extensive volcanogenic massive sulphide district encompassing the Surprise Creek property as well as Mountain Boy's extensive BA property, located south of the highway.
The Surprise Creek and the BA properties are underlain by Jurassic lower Hazelton intermediate and felsic volcanic rocks and upper Hazelton clastic sedimentary rocks. VMS horizons and related feeder zones have been identified on the property and consist of barite, pyrite, sphalerite, galena, chalcopyrite, with significant silver and gold values. Mineralization has been traced along a north-trending zone for eight kilometres extending from the historic Goat mine in the south, through the Grundwald, upper Ataman and Ataman showings, and the newly discovered showings located on the next two ridges to the north.
The showings are believed to be hosted in the same package of rocks as the historic Eskay Creek deposit located 70 km to the northwest, which exploited a stratiform VMS deposit at the base of the Salmon River formation and produced 2.18 million tonnes of ore with an average grade of 46 g/t Au and 2,267 g/t Ag (B.C. geological survey 2008). The contact between the Salmon River formation and the underlying Mount Dillworth formation has been mapped on the Mountain Boy property.
SELECT ROCK SAMPLES
Sample No. Zone Au (ppb) Ag (g/t) Cu (ppm) Pb (ppm) Zn (ppm) Hg (ppm)
DG19-016R Grunwald 6,100 44.4 1,110 835 59,000 1,220
DG19-012R Grunwald 5,400 20.5 502 80.3 239 400
DG19-011R Grunwald 978 196.0 776 3,260 151,000 1,350
AW19-007 Grunwald 732 69.4 784 577 191 230
KD19-049R Grunwald 582 0.65 9.1 28.9 17.8 300
KD19-070R Grunwald 142 125.0 303 4,330 26,800 >10,000
LT19-097R Grunwald 53 54.3 232 12,300 1,730 5,240
LT19-089R Grunwald -2 25.4 76 14,900 149 170
AW19-021 Upper Ataman 1,040 3.25 119 503 2,460 40
AW19-017 Upper Ataman 155 19.8 131 3,230 11,200 3,550
AW19-023 Upper Ataman 131 147.0 189 54,600 11,800 8,830
AW19-016 Upper Ataman 44 2.92 69.8 47.7 12,400 630
AW19-018 Upper Ataman 38 2.84 38.9 491 11,200 1,810
DG19-021R Upper Ataman 12 39.1 57.5 8,000 10,400 2,590
DG19-023R Upper Ataman 8 106.0 147 29,900 4,210 1,370
DG19-022R Upper Ataman -2 31.8 2,990 133 375 1,850
DG19-005R New discovery 126 121.0 190 2,110 12,100 >10,000
DG19-007R New discovery 82 162.0 63.2 173,000 64,500 >10,000
DG19-006R New discovery 43 76.8 109 12,800 30,900 4,280
LT19-011R New discovery -2 41.8 61.9 14,700 9,860 >10,000
DG19-009R New discovery 2 36 82.4 1,150 11,800 122 1,210
AW19-002 Jagiello -2 57.4 63.2 324 40.1 560
Assays are still pending for 82 rocks samples.
The Surprise Creek project is drill ready with identified targets and a drilling permit in place.
The technical disclosure in this release has been read and approved by Andrew Wilkins, BSc, PGeo, a qualified person as defined in National Instrument 43-101.
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