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Mountain Boy Minerals Ltd (2)
Symbol MTB
Shares Issued 34,910,382
Close 2019-09-30 C$ 0.23
Recent Sedar Documents

Mountain Boy samples 6.1 g/t Au at Surprise Creek

2019-09-30 12:46 ET - News Release

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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