Mountain Boy Minerals Ltd.: Press Release Clarification
12 3월 2011 - 12:37AM
Marketwired Canada
Mountain Boy Minerals Ltd. ("Mountain Boy" or the "Company") (TSX VENTURE:MTB)
reports it has received the final assay results for an additional 18 holes from
the diamond drilling on the high grade gold bearing Montrose zone at its Red
Cliff project in Northwestern British Columbia. The Red Cliff is a gold/copper
property consisting of 8 Crown granted mineral claims situated in the Skeena
Mining division approximately 25 miles north of the town of Stewart, British
Columbia. The property is operated under joint venture and is owned 60% by
Decade Resources Ltd. and 40% by Mountain Boy Minerals Ltd. At present, access
is via drill roads off the paved highway 37A.
Highlights of the drilling include 7.1 m of 8.9 g/t gold in DDH-Mon-52.
Locally fine visible gold is associated with a stockwork of
quartz-chalcopyrite-pyrite stringers occurring along a 30 metre wide shear zone.
Strong disseminated and fracture filled pyrite mineralization as well as
galena-sphalerite-chalcopyrite-visible gold form an envelope to the above
stockwork mineralization.
At the end of the initial drill program, 8 holes labeled UMON1-8 were drilled
near the 2009 drill holes. These holes were subsequently renamed DDH-Mon-27 to
34. Drill holes Mon-29 to 34 were drilled in the area of DDH-UMON-2010-1
(DDH-Mon-27) which intersected 149.2 Grams per tonne gold over 18.45 meters.
Assay results for DDH-Mon 29 to 34 were released in a December 20, 2010 press
release. Drill holes Mon-35 to 38 tested south of the above holes while holes
Mon 39 to 49 tested an area west of the drilling on the Montrose zone. Drill
holes Mon-51 and 52 were in the area of DDH-UMON-2010. The mineralization in the
Montrose zone as outlined by drilling appears to be offset by en echelon
northwest trending shears and narrow fault zones. Narrow quartz-chalcopyrite
stringers oblique to the main mineralization and present just west of the
Montrose zone were tested by holes Mon-39 to 50. No significant mineralization
was encountered in these holes.
Assay results for these additional 24 holes are as follows:
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DDH No. From (m) To (m) Width (m) Au g/t Ag g/t Cu %
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DDH-Mon-29(i) 48.48 56.4 7.9 5.01 2.87 0.66
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DDH-Mon-30(i) 54.27 57.32 3.05 2.77 1.11 0.03
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and 60.37 61.13 0.76 3.61 12.1 1.78
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and 63.41 71.95 8.5 11.05 3.15 0.47
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DDH-Mon-31(i) 60.37 86.38 25.91 10.94 4.52 0.22
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including 81.71 84.76 3.05 68.63 24.9 0.72
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DDH-Mon-32(i) 82.62 85.06 2.44 1.87 1.4 0.243
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DDH-Mon-33(i) 80.18 85.06 4.87 4.28 3.16 0.06
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and 97.26 108.2 10.98 4.91 3.37 0.19
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and 112.5 127.24 15.24 2.94 2.01 0.31
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DDH-Mon-34(i) 58.54 63.87 5.35 4.47 2.69 0.25
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and 66.16 79.88 13.72 2.34 2.01 0.28
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DDH-Mon-35 71.95 73.17 1.22 1.17 2.4 0.08
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and 81.04 84.45 3.05 7.26 2.8 0.114
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DDH-Mon-36 72.56 76.52 3.96 3.66 2.21 0.15
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and 86.67 93.45 7.78 3.96 4.84 0.49
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and 101.5 102.1 0.61 1.59 11.3 1.9
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DDH-Mon-37 77.13 78.66 1.52 5.57 1.7 0.04
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and 81.71 84.76 3.05 1.05 0.5 0.01
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and 88.72 102.7 14.02 5.11 4.71 0.38
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DDH-Mon-38 151.83 154.88 3.05 12 0.03 0.01
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and 165.24 167.07 1.83 2.07 4.37 0.48
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and 171.95 173.17 1.22 2.25 2.5 0.02
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and 174.5 176.2 1.68 1.21 5.6 0.15
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and 178.4 179 0.61 1.1 2.3 0.13
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DDH-Mon-51 5.18 8.23 3.05 14 2.9 0.04
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DDH-Mon-52 21.95 28.96 7.01 8.9 4.17 0.67
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(i) Previously released.
True width of the zones is unknown at this time. The company plans to model the
drilling to date in order to guide any further drilling.
Ed Kruchkowski, P. Geo., a qualified person under National Instrument 43-101, is
in charge of the exploration program on behalf of the company. All samples are
assayed by SGS Canada of Vancouver, BC.
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."
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