Mountain Boy Minerals Ltd.: Mineral Claims Acquired Around the Historic Dunwell Mine Workings
23 2월 2011 - 1:36AM
Marketwired
Mountain Boy Minerals Ltd. (TSX VENTURE: MTB) ("Mountain Boy" or
the "Company") is pleased to report the acquisition of a 100%
interest in 4 claims totaling 162.88 hectares surrounding its
wholly owned Dunwell property. The claims cover an area of
potential structure extension of the Dunwell gold mine to the north
as well as being the source of high grade gold-silver bearing
boulders found on the Dunwell property. The consideration being
paid for the four claims is $25,000.
Since the start of drilling last month, 11 holes directed at
expanding the zones of mineralization, established in 2009 and
2010, have been completed in two different panels. Holes to date
have intersected pyrite, sphalerite, galena and chalcopyrite
mineralization within quartz breccia and brecciated argillite zones
next to altered weakly mineralized dyke rocks. Mineralization forms
zones ranging from 3 to 9 metres in width. Drilling is intersecting
these zones between 170 and 260 metres below the gold mine's No. 4
level, the lowest level on which mining occurred during previous
operations. This drilling has extended the zone 75 metres along
strike over a dip extent of 260 metres. The mineralized zone is
open in all directions.
The Dunwell Gold Mine is a former producing gold mine, located
7.5 kilometres northeast of Stewart BC, 2 kilometres off paved
highway 37A. The property has excellent infrastructure as it at a
low elevation which allows for exploration year round.
Significant results from some of the 2010 drilling are as
follows:
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From To Length
DDH No. (m) (m) (m) Au g/t Ag g/t Pb % Zn % Cu %
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D4-10-09 215.55 222.26 6.71 14.27 37.81 0.25 0.63 0.02
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D4-10-10 216.77 221.95 5.18 5.31 62.4 0.52 0.80 0.03
---------------------------------------------------------------------------
D4-10-11 217.07 222.93 5.85 4.74 55.88 0.09 0.72 0.02
---------------------------------------------------------------------------
D4-10-12 218.35 225.0 6.64 7.68 37.40 0.33 0.90 0.02
---------------------------------------------------------------------------
D4-10-15 208.84 213.14 4.3 15.62 42.0 0.04 0.40 1.44
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Core intersection widths are interpreted as being true width
given the dip of the mineralized zone. Core is being logged and
assay results will be released upon receipt.
Ed. Kruchkowski, P. Geo., a qualified person under National
Instrument 43-101, is in charge of exploration on behalf of the
company. All assaying is being carried out by SGS Mineral Services
in their Vancouver facilities.
About Mountain Boy Minerals
Mountain Boy Minerals Ltd. is a Canadian based mineral
exploration company with diverse property and resource holdings
around the Stewart region in British Columbia's golden triangle. It
owns 30% of the Silver Coin project, a gold-silver-base metals
project that is having a new 43-101 compliant resource calculated.
The Company is also exploring silver-base metals on its American
Creek and Bear Valley properties as well as copper-gold on their
Stewart area claims.
ON BEHALF OF THE BOARD
Ed Kruchkowski, Director
"This news release may contain forward-looking statements.
Forward-looking statements address future events and conditions and
therefore involve inherent risks and uncertainties. Actual results
may differ materially from those currently anticipated in such
statements."
"Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release."
Contacts: Mountain Boy Minerals Ltd. Investor Relations
604-681-0710 Mountain Boy Minerals Ltd. Ed Kruchkowski 250-636-9232
250-636-9233 (FAX) www.mountainboyminerals.ca
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