Mr. Lawrence Roulston
reports
MTB METALS ANNOUNCES EXPLORATION PROGRAM UNDERWAY ON ITS SOUTHMORE PROJECT IN THE GOLDEN TRIANGLE
MTB Metals Corp.'s exploration program is under way on the Southmore property in British Columbia's Golden Triangle.
The Southmore property is surrounded by numerous mines or developing prospects, including:
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The historic Eskay Creek mine (49 kilometres to the southeast), a high-grade volcanogenic-hosted massive sulphide deposit that produced 3.59 million ounces of gold and 174 million ounces of silver between 1914 and 2008 (Minfile production detail report);
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Galore Creek deposit (36 kilometres to the northwest), an alkalic porphyry deposit with a measured and indicated resource estimate of 1,386 million pounds of copper, 1.43 million ounces of gold and 19.9 million ounces of silver (2023 Galore Creek information sheet, GCMC);
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Shaft Creek deposit (37 kilometres to the north) with a measured and indicated resource of 7.76 billion pounds of copper, 56.97 million ounces of gold, 510 million pounds of molybdenum and 54.3 million ounces of silver.
The Southmore property is within eight kilometres of the Galore Creek access road.
Based on encouraging results from exploration programs in the 1990s and the early 2000s, MTB Metals acquired the property in 2019.
Exploration since 2019 has consisted of geological mapping and prospecting, soil and rock geochemistry, and a SkyTEM airborne geophysical survey and 3-D interpretation. Exploration to date has validated results from earlier exploration and the SkyTEM survey and has identified new targets.
Identified targets include:
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The Mega Gossan zone, consisting of mineralization within a large gossan identified in 1990 that has been traced for 1,300 metres on surface: The gossan is interpreted as a northeast-trending, structurally controlled, hydrothermal alteration conduit consisting of quartz-plus-sericite-plus-pyrite alteration with minor arsenopyrite. Assays of up to 13.6 per cent copper, 6.2 grams per tonne gold, 91 grams per silver, 0.77 per cent lead and 9.7 per cent zinc have been sampled within the gossan. The best gold numbers appear to be associated with pyrite.
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The Magnetic Attraction skarn, a very-high-amplitude magnetic and conductivity anomaly identified in the SkyTEM interpretation: Follow-up prospecting and mapping led to the discovery of a magnetite skarn with chalcopyrite and sphalerite mineralization that is traceable for at least 100 metres. Assays of up to 82.3 grams per tonne silver, 0.4 gram per tonne gold, 1.7 per cent copper and 6.0 per cent zinc have been returned from the zone.
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The Horizon skarn, a magnetite skarn discovered in 2004 with a sample returning 106.9 grams per tonne gold, 59 grams per silver and 2.2 per cent copper: Trenching and channel sampling in the same year yielded 18.69 grams per tonne gold, 15.3 grams per tonne silver and 0.52 per cent copper over three metres. One drill hole was collared the following year but failed to intersect mineralization.
- The Dundee skarns, discovered in 1990, consist of garnet, epidote, quartz, potassium feldspar, carbonate with rare pyroxenes and wollastonite. Mineralization consists of magnetite with variable amounts of pyrite, pyrrhotite, chalcopyrite, sphalerite and gold. The skarns are garnet-rich exoskarns that replace limestone. Assays of up to 3.6 grams per tonne gold, 10.8 per cent copper and 4.5 per cent zinc have been returned from the skarns.
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Additional structurally controlled alteration zones with up to 2,920 parts per billion gold were also mapped in the northern portion of the claims.
The focus of the 2025 fall exploration program will be on the Horizon skarn and surrounding area. The program involves further geological mapping, prospecting and a 3-D induced polarization survey.
About MTB Metals Corp.
MTB is advancing two copper-gold projects in the prolific Golden Triangle of Northern British Columbia:
- Telegraph: MTB controls 350 square kilometres of property located in the vicinity of four notable porphyry deposits being advanced by major mining companies: Galore (Teck/Newmont), Schaft (Teck), Saddle (Newmont) and the operating Red Chris copper-gold mine (Newmont). Fieldwork by MTB, together with earlier results, provides compelling evidence for the presence of one or more porphyries, similar to others in the area. MTB has an option to earn 60 per cent of claims, representing 27 per cent of the property, and controls 100 per cent of the balance of the property.
- Southmore: The 50-square-kilometre property hosts several significant copper and gold occurrences.
MTB also holds royalties on four projects in the Golden Triangle, including two past-producing mines, and it holds 480,072 shares of Dolly Varden Silver.
Qualified person and National Instrument 43-101 disclosure
Andrew Wilkins, PGeo, project geologist on the Southmore project and the responsible officer for Lithos Geological Inc., is the qualified person as defined by NI 43-101 responsible for the accuracy of technical information contained in this news release. Lithos Geological has a permit to practise No. 1004267 with the Association of Professional Engineers and Geoscientists of British Columbia. The technical information from before 2019 is from historic assessment reports, the British Columbia Minfile database and historic news releases, and, although it is believed to be accurate, it has not been verified by Mr. Wilkins.
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