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Mountain Boy Minerals Ltd
Symbol MTB
Shares Issued 141,562,982
Close 2017-09-12 C$ 0.09
Market Cap C$ 12,740,668
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Mountain Boy JV partner Jayden gets B.C. drill permits

2017-09-12 10:58 ET - News Release

Mr. Ed Kruchkowski reports

Mountain Boy Minerals Ltd.'s joint venture partner, Jayden Resources Inc., has obtained the requisite permits for a surface drilling program at its Silver Coin property in northwestern British Columbia. Silver Coin is an advanced stage gold-silver property located about 25 kilometres north of Stewart, B.C., within the Golden Triangle in northwestern British Columbia. Mountain Boy owns a 20-per-cent carried interest in the property.

Jayden has secured a drilling contract, prepared the camp and has mobilized a drill to the site along with the geological team. The program will consist of approximately 6,000 feet of drilling and will focus on extending and upgrading lenses of known high-grade gold mineralization within the Main Breccia zone to the northwest as well as testing additional targets along strike to the south and potential subparallel zone to the east. The total inferred mineral resource estimate for high-grade core at Silver Coin already consists of 967,000 tonnes grading 4.39 g/t Au, 18.98 g/t Ag (Au equivalent of Ag -- 4.64 g/t), 0.64 per cent Zn, 0.25 per cent Pb and 0.04 per cent Cu (calculated in accordance with National Instrument 43-101 standards, at a two g/t Au cut-off by Mining Plus Canada -- August, 2013).

2017 drilling objectives are as follows:

Drill stepout holes to the north-northwest of existing resource to test for continuity and extensions of the gold mineralization. Drill a panel of holes within the southeastern portion of the Main Breccia zone to test for possible southern extensions of high-grade gold mineralization. (Note: The southernmost hole from the 2010 drilling campaign, hole SC10-311, intersected 55 metres grading 8.42 g/t Au as reported in Jayden's news release dated Oct. 14, 2010.) Test strike and depth extension of the Terminus showing located 500 metres east of the Main Breccia zone where trench 1a returned values of 8.4 g/t Au and 23.9 g/t Ag over 12.1 metres as reported in Jayden's news release dated Feb. 22, 2005.

In conjunction with the 2017 drilling campaign, crews are conducting regional exploration work to define additional drill targets out of the current area of focus. Sprott Mining Inc. will be acting as operator for the program.

Sprott Mining is a private company focused on acquiring, building and managing a diversified portfolio of producing mining assets in North America. The senior management team has significant transaction, finance and operating experience and is dedicated to finding and investing in exceptional mining projects.

About Silver Coin

The 1,470-hectare Silver Coin gold project features a zone of faulting and brecciation with accompanying mineralization up to 300 metres wide that has been traced for 2.5 kilometres. Significant exploration potential remains to the north, northwest and south of the existing resource at Silver Coin, and will be tested in this year's drilling. Mineralization is characterized as epithermal to mesothermal gold-silver with sulphide-bearing breccias and veins similar to those mined at the Silbak-Premier mine, located just four kilometres to the south. Over its mine life, the Silbak-Premier mine produced 4.7 million tonnes yielding approximately two million ounces gold, 43 million ounces silver, 4 million pounds copper, 55 million pounds lead and 20 million pounds zinc.

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