MOUNTAIN BOY MINERALS -TSX.V MTB - FSE M9U - MBYMF OTC

Valuable Golden Triangle Properties

New Management Team - Latest Results

Corporate Update, Claim Acquisition and New Mineral Discovery -

MTB - TSX.V hit its 52 week high of $0.105 in August 2017. Other companies exploring in the same region have skyrocketed in value.

GGI TSX.V and  MTS TSX.V are both up 10 fold in the past year. Take a close look at MTB.

With a superior management team in place and diverse property holdings within the Stewart region located in the very prolific area of British Columbia’s Golden Triangle.

 Rockstone Research Report - A Must Read




Fact Sheet  Financial Statements  Website  Value Added As Mining Stocks Soar In Golden Triangle Exploration - Rick Rule On Gold

High Gold Values Intersected on Waterpump Zone on Red Cliff project with 10.41 g/t gold over 22.87 m in DDH-2017-MON-40

STEWART, British Columbia, Jan. 22, 2018 (GLOBE NEWSWIRE) -- Mountain Boy Minerals Ltd (TSX-V:MTB) (Frankfurt:M9U) (“Mountain Boy”) is pleased to report the final gold assay results for the 2017 drill program on Waterpump Zone at the Red Cliff property. The Red Cliff property is located in the “Golden Triangle” area of British Columbia, 2.5 km from a paved highway and the power grid.

Exploration during the 2017 field season indicates that the Red Cliff property hosts a large mineralized system that has been traced over 2 kilometres. Exploration in 2017 has consisted of drilling, mapping, sampling and assaying additional core from the 2007-2012 programs. In the 2017 drill program, 5 holes were completed on the Red Cliff zone, 35 on the Montrose zone and 11 holes on the Waterpump zone. Results for the drilling on Red Cliff and Montrose zones were released on September 27, 2017, October 26, 2017 and January 9, 2018 (see SEDAR for details).

Highlights of the latest gold assays on the Waterpump Zone include:

  • Intersection of 13.88 g/t gold over 7.5 m in DDH-17-M0N-37.
  • Intersection of 10.41 g/t gold over 22.87 m in DDH-17-M0N-40.
  • Intersection of 7.21 g/t gold over 7.16 m in DDH-17-M0N-41.

Drill hole collar locations and elevations for all drilling has been completed by a surveyor. A data base with GPS locations for all holes as well as the elevations is presently being established. This data in conjunction with all the drill hole assays will be used to create a new model that shows gold grade shells. In addition all additional assays from previous holes will be entered into the data base. The Company will also use the existing 2007-2012 and 2016-2017 data to prepare a preliminary resource calculation for the Montrose zone, including the Waterpump zone.

Drill results are summarized below for holes on the Waterpump zone as follows:

DDH No. From(m) To(m) Width(m) Gold g/t
DDH-MON-36 57.59 59.63 2.04 19.70
DDH-MON-37 69.21 71.19 1.98 2.40
and 73.38 80.85 7.50 13.88
DDH-MON-38 32.62 35.67 3.05 2.64
and 63.11 63.93 0.82 3.41
and 67.68 87.32 14.63 1.97
and 84.45 89.18 4.72 4.18
DDH-MON-40 88.41 116.46 22.87 10.41
DDH-MON-41 67.16 68.29 1.13 3.42
and 84.45 93.60 7.16 7.21
and 97.56 98.78 1.22 3.0
DDH-MON-42 62.50 64.79 2.29 2.97
DDH-MON-43 72.65 73.11 0.46 8.10
DDH-MON-44 83.08 84.45 1.37 10.96
and 105.79 107.07 1.28 2.23
DDH-MON-45 108.23 108.64 0.46 6.06
and 121.04 130.18 9.1 2.50
DDH-MON-46 101.37 102.99 1.62 9.49
and 139.33 142.38 3.05 11.60

These holes were drilled at angles of -45 to -70 degrees.  Truth widths are not yet determined.

Drilling was off several panels located 25 m and 50 m south of the surface expression of the zone located along the Lydden Creek canyon. Drilling tested above the surface expression of the zones which is located 150 m vertically below the drill pads. Numerous post mineral diabase dykes were intersected within the zone.

The Red Cliff project is held in a joint venture with Decade Resources Ltd. (65% - Mountain Boy 35%) and the claims are located in the Skeena Mining Division of British Columbia.

Ed Kruchkowski, P. Geo., a qualified person under National Instrument 43-101 is responsible for the contents of this release.

About Mountain Boy Minerals Ltd.

Mountain Boy Minerals Ltd. is a Canadian based mineral exploration company with a diverse property portfolio within the Stewart region located in the very prolific area of British Columbia’s Golden Triangle. It owns 20% of the Silver Coin project, a gold-silver-base metals project that has a NI43-101 compliant resource estimate. Mountain Boy is also exploring silver-base metals on its American Creek and Bear Valley properties, as well as copper-gold on its Stewart area claims. For a complete listing of the Company assets and developments, visit the Company website at www.mountainboyminerals.ca.  For investor information please call 604-687-3520.

ON BEHALF OF THE BOARD OF MOUNTAIN BOY MINERALS LTD.

Mark T. Brown, Chief Executive Officer

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.

This news release contains forward–looking statements related to the anticipated closing of the royalty purchase. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties, including risks related to receipt of required regulatory approval and general transaction closing risk. Actual results may differ materially from those currently anticipated in such statements. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities laws.



Mountain Boy Announces Final 2017 Gold Assays from Montrose Zone on the Red Cliff Gold Project, Golden Triangle, B.C.
  • 6.6 g/t Gold over 11.19 m in DDH-17-MON-31
  • 13.9 g/t gold over 2.04 m and 13.7 g/t gold over 3.05 m, both in DDH-17-MON-31
  • Area of mineralization has been increased.
  • Future plans to complete initial gold resource in 2018                         

VANCOUVER, British Columbia, Jan. 09, 2018 (GLOBE NEWSWIRE) -- Mountain Boy Minerals Ltd (TSX-V:MTB) (Frankfurt:M9U) (“Mountain Boy”) reports on the final results for the Montrose zone on the north side of Lydden Creek from the 2017 drill program. The Red Cliff property is located in the “Golden Triangle” area of British Columbia. Exploration during the 2017 field season indicates that the Red Cliff property hosts a large mineralized system that has been traced for over 2 kilometers. Exploration to date has consisted of drilling, mapping, sampling and assaying additional core from the 2007-2012 programs. In the 2017 drill program, 5 holes were completed on the Red Cliff zone, 35 on the Montrose zone and 11 holes on the Waterpump zone, Results for the Red Cliff drilling and some of the holes on the Montrose zone were released on September 27, 2017 and October 26, 2017 (see SEDAR for details). Three holes of the 35 on the Montrose zone were terminated after rod and bit loss in the holes due to faulting. Assay results are for drill holes that were not cut in numerical order. Results are being disseminated as received (see press release from October 26, 2017).

Highlights of the latest assays received include:

  • Numerous gold bearing zones within the Montrose structure as seen in DDH-2017-7.
  • Intersection of 14.6 g/t gold over 2.20 m in DDH-17-MON-8.
  • Intersection of 13.9 g/t gold over 2.04 m in DDH-17-MON-31.
  • Intersection of 13.7 g/t gold over 3.05 m in DDH-17-MON-31.

Complete assay results for the Waterpump zone have not been received. Once those have been received and tabulated, results will be released.

Drill hole collar locations and elevations have been completed by a surveyor. A data base with GPS locations for all holes as well as the elevations will be established. This data in conjunction with all the drill hole assays will be used to create a new model that shows gold grade shells. All additional assays (cutting extra core) from previous holes will be entered into the data base. The Company will also use the existing 2007-2012 and 2016-2017 data to prepare a preliminary resource calculation for the Montrose zone.

Drill results are summarized below for holes on the Montrose zone as follows:

DDH No. From (m) To (m) Interval (m) Gold (g/t)
DDH-MON-7 228.66 230.03 1.37 2.78
and 237.5 239.02 1.52 10.20
and 251.83 256.86 5.03 5.88
and 264.39 265.91 1.52 10.40
DDH-MON-8 229.42 230.85 1.43 2.78
and 241.01 243.20 2.20 14.60
and 249.7 251.83 2.13 1.39
DDH-MON-9 227.74 228.81 1.07 3.79
DDH-MON-12 42.38 42.84 0.46 5.34
DDH-MON-13 29.42 32.01 2.59 2.03
and 45.27 48.17 2.90 5.28
DDH-MON-29 82.77 90.85 8.08 2.62
and 96.85 106.10 9.15 7.05
and 112.20 121.34 9.15 2.06
DDH-MON-30 105.79 107.01 1.22 3.88
DDH-MON-31 352.44 355.49 3.05 5.75
and 374.79 385.98 11.19 6.60
Including 374.79 376.83 2.04 13.90
Including 382.93 385.95 3.05 13.70
and 395.12 396.6 1.52 4.71
DDH-MON-32 190.85 192.93 2.07 2.07

Drill hole azimuths vary from 240 to 320 degrees based on drill pad sites available on a steep hillside so true widths are not yet determined.

The Red Cliff project is held in a joint venture with Decade Resources Ltd. (65% - Mountain Boy 35%) and the claims are located in the Skeena Mining Division of British Columbia.

Ed Kruchkowski, P. Geo., a qualified person under National Instrument 43-101 is responsible for the contents of this release.

About Mountain Boy Minerals Ltd.

Mountain Boy Minerals Ltd. is a Canadian based mineral exploration company with a diverse property portfolio within the Stewart region located in the very prolific area of British Columbia’s Golden Triangle. It owns 20% of the Silver Coin project, a gold-silver-base metals project that has a NI 43-101 compliant resource estimate. Mountain Boy is also exploring silver-base metals on its American Creek and Bear Valley properties, as well as copper-gold on its Stewart area claims. For a complete listing of the Company assets and developments, visit the Company website at www.mountainboyminerals.ca. For investor information please call 604-687-3520.

ON BEHALF OF THE BOARD OF MOUNTAIN BOY MINERALS LTD.

Mark T. Brown, Chief Executive Officer

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.

This news release contains forward-looking statements related to the anticipated closing of the royalty purchase. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties, including risks related to receipt of required regulatory approval and general transaction closing risk. Actual results may differ materially from those currently anticipated in such statements. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities laws.




Mountain Boy appoints new directors

VANCOUVER, British Columbia, Dec. 15, 2017 (GLOBE NEWSWIRE) -- Mountain Boy Minerals Ltd. (TSX-V:MTB) (Frankfurt:M9U) is pleased to announce that Mr. Lawrence Roulston and Mr. Mark T. Brown have been appointed to the Board of the Company effective today. The Board has also appointed Mark T. Brown as President & CEO, and Winnie Wong, as CFO and Corporate Secretary.

The Board has also accepted the resignations of Mr. Edward Kruchkowski and Mr. Randy Kassum and wishes to thank them both for their valuable services to the company for many years. Mr. Kassum and Mr. Kruchkowski have helped to build and guide the Company for many years and will continue to advise Mountain Boy in non-board roles as the Company seeks to advance its gold and base metals exploration projects in the Golden Triangle of British Columbia.

Mr. Roulston is a well-known mining industry executive with over 35 years of diverse experience in the mining industry. Mr. Roulston is currently the managing director of WestBay Capital Advisors which provides business advisory and capital markets expertise to the mining industry. Mr. Roulston is frequently asked to speak at mining industry conferences to provide his views on industry issues. Mr. Roulston has previously worked with major and junior mining companies in British Columbia with a focus on exploration. He has graduate-level training in business and holds a BSc in geology. Mr. Roulston is also a director and advisor to a group of select resource companies.

Mr. Brown is a mining industry financial executive with over 25 years of financial and mining experience. Mr. Brown is a Chartered Professional Accountant, CA, and qualified at PriceWaterhouseCoopers in Vancouver BC. Mr. Brown founded Rare Element Resources Ltd. and built it into a $500 million company, listing it on the NYSE Amex Stock Exchange. Mr. Brown has also been active in the several successful exploration companies and invests actively in companies with his team at Pacific Opportunity Capital Ltd.

Ms. Wong is also a mining industry financial executive and acts at the Chief Financial Officer and Director of select mining industry companies. Ms. Wong is also a Chartered Professional Accountant, CA, and qualified while working with Deloittes. Ms. Wong is also Vice President of Pacific Opportunity Capital Ltd. based in Vancouver BC.

Mr. Rene Bernard, Director of Mountain Boy, commented that “We have been seeking a group to assist in growing the Company and the financial and operational discipline that Lawrence, Mark and Winnie will bring to the Company, along with their industry experience and contacts, will help take Mountain Boy to the next level."

Mountain Boy Minerals Ltd. is a Canadian based mineral exploration company with diverse property and resource holdings within the Stewart region located in the very prolific area of British Columbia’s Golden Triangle. It owns 20% of the Silver Coin project, a gold-silver-base metals project that has a 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. For a complete listing of the Company assets and developments, visit the Company website at www.mountainboyminerals.ca.  For investor information please call Sandrine Lam 604-687-3520.



New Significant High-Grade Gold Discovery at Silver Coin Project Yielding Strong Intercepts: 8.63g/t Au over 7.7m Including 22.88g/t Au over 2.20m

STEWART, British Columbia, Nov. 28, 2017 (GLOBE NEWSWIRE) -- Mountain Boy Minerals Ltd. (TSX-V:MTB) (Frankfurt:M9U) (“Mountain Boy”) is pleased to announce that the Company has received assays on an additional 6 holes from the 2017 drill program at its Silver Coin project in northwestern British Columbia. Results indicate a new significant high-grade gold discovery zone in an unexplored area located 550 metres to the northeast of the main Silver Coin deposit. The Silver Coin project is an advanced stage gold-silver property located about 25 kilometers north of Stewart within the Golden Triangle in northwestern British Columbia. Mountain Boy owns a 20% carried interest in the property.

Drill Hole SC17-452, recently completed in this untested area intersected a new gold-bearing zone grading 8.63 g/t Au over 7.7 metres, from 16.5 to 24.2 metres, including several higher-grade intervals up to 37.1 g/t Au.  This gold bearing structure is hosted in andesite and is characterized by a quartz-sericite-chlorite altered breccia zone exhibiting quartz stringers with visible gold grains, 5-6% sphalerite, up to 1% galena and 7-8% pyrite mineralization. Further down this drill hole, additional zones of siliceous breccia returned 6.5 g/t Au over 1.5 metres between 77.82 and 79.32 metres and 8.25 g/t Au over 1.0 metre between 88.97 and 89.97 metres.

The hole was drilled to test for shallow dipping gold-bearing breccias east of the flagship Silver Coin deposit. Six holes were drilled from three separate pads spaced approximately 100-150 metres apart along strike of a favorable lithological unit with assays for the remaining four holes still pending.

Results from drilling within the NW Extension area of Silver Coin’s main breccia zone continue to support a high success ratio with almost all holes encountering significant mineralization, resulting in extensions of known zones beyond historical limits.

New Drilling Highlights are as follows:

  • SC17-444: Intersected continuity of main breccia zone at depth to the north-northwest.
  • SC17-445: Intersected a new modest gold zone at surface approximately 70 metres to the NE of the main breccia body and a broad continuation of the main zone at depth.
  • SC17-446: Intersected a northerly extension of the main zone at depth.  
  • SC17-448: Drilled to test the westerly extension of the main breccia body, this hole intersected modest gold grades.
  • SC17-452: Intersected a new high-grade sub-surface gold zone 550 metres to the northeast of the current Silver Coin resource area suggesting a shallow dipping mineralized breccia package.
  • The 2017 drill program is now complete with 14 drill holes totalling 7300 feet. The Company has logged and sampled all holes. Holes SC17-447 and SC17-449 were lost due to poor ground conditions and Hole SC17-450 reported no significant results. Assays are still pending for 4 drill holes.
                 
Hole #   From
(m)		 To (m) Width
(m)		 Au
(g/t)		 Ag
(g/t)		 Au
(oz/t)		 Ag
(oz/t)
SC17-
444		   94.03 96.03 2.00 8.08 4.70 0.24 0.14
  Incl. 94.03 95.03 1.00 13.70 5.91 0.40 0.17
                 
 SC17-
445		   35.00 38.00 3.00 5.12 91.30 0.15 2.66
                 
    146.20 153.50 7.30 5.38 17.07 0.16 0.50
  Incl. 148.13 153.50 5.37 6.21 12.06 0.18 0.35
  Incl. 148.13 150.41 2.28 10.00 17.46 0.29 0.51
  Incl. 148.13 148.63 0.50 11.40 23.90 0.33 0.70
  Incl. 149.41 150.41 1.00 15.50 17.10 0.45 0.50
  Incl. 153.00 153.50 0.50 10.70 18.00 0.31 0.53
                 
SC17-
446		   103.60 105.40 1.80 5.90 45.32 0.17 1.32
  Incl. 104.60 105.40 0.80 8.62 42.60 0.25 1.24
                 
    131.20 132.20 1.00 14.60 52.50 0.43 1.53
                 
SC17-
448		   46.00 48.00 2.00 3.17 8.58 0.09 0.25
                 
SC17-
452		   16.46 24.18 7.72 8.63 11.99 0.25  0.35
  Incl. 19.98 23.18 3.20 17.69  23.00 0.52 0 .67
  Incl. 20.98 23.18 2.20 22.88  23.27 0.67 0.68 
  Incl. 20.98 21.48 0.50 23.50 25.20 0.69 0.74
  Incl. 21.48 21.98 0.50 37.10 19.80 1.08 0.58
  Incl. 21.98 22.68 0.70 21.70 31.50 0.63 0.92
  Incl. 22.68 23.18 0.50 9.69 13.30 0.28 0.39
                 
    77.82 80.32 2.50 4.86 5.68 0.14 0.17
  Incl. 77.82 79.32 1.50 6.46 6.22 0.19 0.18
  Incl. 77.82 78.32 0.50 11.6 9.39 0.34 0.27
                 
    88.97 89.97 1.0 8.25 AP 0.24 AP

Stated lengths are core width as drilled, true widths vary and average between 60 and 80 percent of drilled widths. Core axis angles of the intersection contacts and surrounding rock units average 40 to 70 degrees. Some assay results for silver grades on Hole SC17-452 are still pending and will be reported in the Company’s next release.

The 1,470 hectare Silver Coin gold project features a zone of faulting and brecciation with accompanying mineralization up to 300 meters wide that has been traced for 2.5 kilometers. 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.

The total inferred mineral resource estimate for the 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% Zn, 0.25% Pb, and 0.04% Cu [calculated in accordance with National Instrument 43-101 standards, at a 2 g/t Au cut-off by Mining Plus Canada - August, 2013].

At the 0.3 gpt cut-off grade the estimated Measured and Indicated resource is 24.13 million tonnes grading 1.08 gpt gold for a total of 842,416 ounces of gold, 4.45 million ounces of silver and 91.17 million pounds of zinc. The estimated Inferred resources comprise an additional 813,273 ounces of gold, 6.69 million ounces of silver, and 128 million lbs of zinc (report available on www.sedar.com). Estimates do not include 109 drill holes from the 2011 drilling as well as the recent 2017 drilling.

Mineralization is characterized as epithermal to mesothermal gold-silver with sulfide-bearing breccias and veins similar to those mined at the Silbak-Premier Mine, located just 4 kilometers to the south. Over its mine life, the Silbak-Premier Mine produced 4.7 million tonnes yielding approximately 2 million ounces gold, 43 million ounces silver, 4 million pounds copper, 55 million pounds lead and 20 million pounds zinc.

Technical information in this press release was reviewed by Ed Kruchkowski, P.Geo., recognized as a Qualified Person under the guidelines of National Instrument 43-101.

Drill core is split, with half sent for assay at Activation Laboratories Ltd. located in Kamloops, BC. The other half is secured and retained on site.  A program of blank and standard insertion into the sample stream is also conducted.  The samples are processed using fire assay with an AA finish. Gravimetrics are performed on samples with assays of 10 g/t or higher.

 

INTERPRETATION OF VTEM SURVEY TO ASSIST IN THE POTENTIAL DISCOVERY OF VMS ZONES ON THE EXPANSIVE BA AND SURPRISE CREEK PROPERTIES 

Stewart, BC – Mountain Boy Minerals Ltd (“Mountain Boy”) reports that it has started an interpretation of an airborne survey consisting of 1564 line km of VTEM and magnetic data over the Surprise Creek and BA mineral tenures. These tenures are located 30 km east and northeast of Stewart within the “Golden Triangle” area of British Columbia. Paved highway 37A passes through the middle of the two properties which are contiguous. The properties host the same stratigraphic horizon in which the famous Eskay Creek mine was located. The properties host silver-lead-zinc mineralization, part of an exhalative volcanogenic massive sulfide (VMS) style as well as base and precious metal mineralization systems.  

Ed Kruchkowski, president of the Company states: “The Company considers the 100 % owned BA and Surprise Creek properties key in its mandate to find and develop economic ore bodies.  Based on exploration success obtained by other companies using geophysical surveys as an exploration tool, the Company decided to conduct a geophysical interpretation of previous VTEM and magnetic data for the Surprise Creek and BA properties. These properties have overburden and snow cover that obscures much of the underlying geology. The two properties are large with 9500 ha at Surprise Creek and 7412 ha at the BA property. The geophysical interpretation will allow for a more focused exploration effort. This data by Geotech Airborne from previous exploration has not been closer analyzed and has now been sent to Liberty Lake, WA for geophysical interpretation. VTEM is useful for delineating conductors (veins, massive sulfide lenses, etc.) down to 400m below surface. A total of 3327 line kilometres of survey spaced at 200m was flown over the 2 claim blocks. Results of the interpretation are expected within 2 to 3 weeks”. 

The Surprise Creek and BA properties cover an area of approximately 30 km of known VMS style mineralization.  In addition, folding within the Surprise Creek claims has resulted in repeat sections of the prospective VMS horizons. There are at least 10 separate VMS boulder trains or showings; 4 on the BA property and 6 on the Surprise Creek property. The Company website at www.mountainboyminerals.ca shows the location of the VMS style of mineralization. 

Abundant barite is common on the Surprise Creek property. It is a common constituent of Kuroko style VMS systems forming layers above the base metal-silver mineralization. To date only 4 short drill holes have tested the barite rich portion of the Ataman zone at the headwaters of surprise Creek. 

On the BA property the main BA zone is part of an exhalative system with associated zinc -lead - silver mineralization. The main exhalite horizon is up to 50 metres wide and can be traced for at least one kilometre. The BA property has been tested by 28,341m of drilling in 178 holes. The main BA zone is open along strike and to depth. Highlights of previous drilling include:

 

·         51.93m of 140.44 g/t Ag, 1.66% Pb and 2.51 % Zn in DDH-BA-2007-1

·         6.1m of 119 g/t Ag, 0.74% Pb and 6.28 % Zn in DDH-BA-2010-78

·         5.76m of 229.3 g/t Ag, 2.19% Pb and 0.81 % Zn in DDH-BA-2010-82

·         15.24m of 117.5 g/t Ag, 1.18% Pb and 2.81 % Zn in DDH-BA-2010-147

 

Immediately north of the above 2007-2010 drilling, channel sampling at the edge of the glacier yielded 7.50 m of 5.31% Zn, 1.97% Pb and 132 g/t Ag within 15.0 m of 3.84% Zn, 1.25% Pb and 108 g/t Ag. 

Ed Kruchkowski, P. Geo., a qualified person under National Instrument 43-101, is in charge of the exploration programs on behalf of the Company and is responsible for the contents of this release. E. Kruchkowski is not independent of Mountain Boy as he is the president of the Company.

 Mountain Boy Minerals Ltd. is a Canadian based mineral exploration company with diverse property and resource holdings within the Stewart region located in the very prolific area of British Columbia’s Golden Triangle. It owns 20% of the Silver Coin project, a gold-silver-base metals project that has a 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. For a complete listing of the Company assets and developments, visit the Company website at www.mountainboyminerals.ca.  For investor information please call 250-636-2264 or Gary Assaly at 604-377-7969.

 




Mountain Boy Minerals: 14.93 g/t Gold over 8.38 m in DDH-17-MON-18 @ Montrose Zone/ Red Cliff project

STEWART, British Columbia, Oct. 26, 2017 (GLOBE NEWSWIRE) -- Mountain Boy Minerals Ltd (TSX-V:MTB) (Frankfurt:M9U) (“Mountain Boy”) reports that the 2017 drill program is ongoing on the Red Cliff property located in the “Golden Triangle” area of British Columbia. Exploration during the 2017 field season indicates that the Red Cliff property hosts a large mineralized system that has been traced for several kilometres. Exploration to date has consisted of drilling, mapping, sampling and assaying additional core from the 2007-2012 programs. To date 5 holes were completed on the Red Cliff zone and 35 on the Montrose zone, approximately 1.2 km north from the first 5 holes. Results for the Red Cliff drilling and first 5 holes on the Montrose zone were released on September 27, 2017 (see SEDAR for details). Three holes out of the 35 on the Montrose zone were terminated after rod and bit loss in the holes due to faulting.

Highlights of the latest assays received include:

  • Intersection of 14.93 g/t gold over 8.38 m in DDH-17-M0N-18.
  • Intersection of 9.5 g/t gold over 10.98 m in DDH-17-M0N-27.

The drill has been moved from the north side of Lydden Creek and drilling of 8 to 10 holes will be completed on the Waterpump zone. In addition, a surveyor is creating a database with GPS locations for all holes as well as the elevations. This data in conjunction with all the drill hole assays will be used to create a new model that shows gold grade shells. The Company will also use the existing 2007-2012 and 2017 data to prepare a preliminary resource calculation that has never been done for the Montrose zone.

Drill results are summarized below for holes on the Montrose zone as follows:

DDH No. From(m) To(m) Width(m) Gold g/t
DDH-MON-14 81.71 84.76 3.96 4.95
DDH-MON-15 14.63 17.28 2.74 3.8
and 21.65 23.78 2.13 3.31
and 29.27 31.40 2.13 6.12
DDH-MON-16 5.79 14.94 9.14 6.63
DDH-MON-17 17.38 26.52 9.15 6.21
and 28.81 29.57 2.59 7.01
DDH-MON-18 35.98 43.90 7.93 4.95
and 49.70 58.08 8.38 14.93
DDH-MON-26 258.54 261.59 3.05 4.93
DDH-MON-27 290.15 298.48 10.98 9.50

Assay results for another 20 holes completed to date will be released once the Company receives them and tabulates the results. Results have not been received for holes prior to DDH-2017-MON-14 as well as holes drilled after DDH-2017-MON-18.

Ed Kruchkowski, president of the Company, states: “Results continue to indicate a large and extensive mineralized zone that has a length of at least 600 m, a depth of 600 m and widths up to 40 m. The Company is excited to be conducting the first ever resource calculation for this property located 2 km from power and a paved highway.”

Ed Kruchkowski, P. Geo., a qualified person under National Instrument 43-101, is in charge of the exploration programs on behalf of the Company and is responsible for the contents of this release. E. Kruchkowski is not independent of Mountain Boy as he is the president of the Company.

Mountain Boy Minerals Ltd. is a Canadian based mineral exploration company with diverse property and resource holdings within the Stewart region located in the very prolific area of British Columbia’s Golden Triangle. It owns 20% of the Silver Coin project, a gold-silver-base metals project that has a 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. For a complete listing of the Company assets and developments, visit the Company website at www.mountainboyminerals.ca.  For investor information please call 250-636-2264 or Gary Assaly at 604-377-7969.

ON BEHALF OF THE BOARD OF MOUNTAIN BOY MINERALS LTD





Mountain Boy Minerals: Update on Company Drill Programs - New High-Grade Sub-Surface Zone Identified at Silver Coin Gold Project, NW, BC

STEWART, British Columbia, Oct. 12, 2017 (GLOBE NEWSWIRE) -- Mountain Boy Minerals Ltd (TSX-V:MTB) (Frankfurt:M9U) (“Mountain Boy”) reports that 3 different drill programs are ongoing on its properties located in the “Golden Triangle” area of British Columbia. Drill programs are underway on three properties which Mountain Boy Minerals Ltd has an interest, including a 20% carried interest in the Silver Coin, a 35% interest in the Red Cliff and a 100% of the BA/Surprise Creek property.

Silver Coin

The Company has completed, logged and sampled 10 diamond drill holes to date on the 2017 program. Focus is 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 sub-parallel zones to the east. Historical total inferred mineral resource estimate for the high-grade core at Silver Coin 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% Zn, 0.25% Pb, and 0.04%. This was calculated in accordance with National Instrument 43-101 standards, at a 2 g/t Au cut-off by Mining Plus Canada - August, 2013 and filed on SEDAR by the operator. A qualified person has not done sufficient work to classify the historical estimate as current mineral resources. The Company is not treating the historical estimate as current mineral resources.

2017 Drilling Highlights are as follows:

  • SC17-442: Intersected a new high-grade zone at surface and continuity of main zone at depth.
  • SC17-443: Intersected a new high-grade zone at surface and a broad westerly extension of the main breccia zone at depth.
  • The Program has completed 10 holes to date with a total of 5,300 feet drilled.
  • Drilling targets are complete on the NW extension of the Silver Coin property and focus has now moved on to parallel mineralized trends to the East.

Hole #           From
(m)		     To
(m)		     Width
(m)		     Au
(g/t)		     Ag
(g/t)		     Au
(oz/t)		     Ag
(oz/t)		  
SC17- 442          

28.71		    

30.21		    

1.5		    

31.02		    

28.5		    

0.90		    

0.83		  
      incl.     28.71     29.41     0.7     56.3     30.7     1.64     0.90  
      incl.     29.41     30.21     0.8     8.9     26.6     0.26     0.78  
                                                   
            55.54     56.74     1.2     6.97     38.3     0.20     1.12  
                                                   
            64.21     65.21     1     11.6     31.7     0.34     0.92  
                                                   
SC17- 443          

15.28		    

17.8		    

2.5		    

22.95		    

13.1		    

0.67		    

0.38		  
      incl.     17.3     17.8     0.5     108.0     51.0     3.15     1.49  
                                                   
            71.34     77.56     6.2     8.44     20.4     0.25     0.60  
      incl.     72.34     77.56     5.2     9.22     23.6     0.27     0.69  
      incl.     72.34     73.59     1.5     15.5     42.2     0.45     1.23  
      incl.     75.89     77.56     1.7     12.37     23.72     0.36     0.69  


-  Stated lengths are core width as drilled, true widths vary and average between 60 and 80 percent of drilled widths. Core axis angles of the intersection contacts and surrounding rock units average 40 to 70 degrees.
-  A plan map outlining the 2017 target areas and drill section associated with this news release will be posted on the Company website when available.
-  Actlabs in Kamloops BC analyzed the core.

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.

The 1,470 hectare Silver Coin gold project features a zone of faulting and brecciation with accompanying mineralization up to 300 meters wide that has been traced for 2.5 kilometers. 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 sulfide- bearing breccias and veins similar to those mined at the Silbak-Premier Mine, located just 4 kilometers to the south. Over its mine life, the Silbak-Premier Mine produced 4.7 million tonnes yielding approximately 2 million ounces gold, 43 million ounces silver, 4 million pounds copper, 55 million pounds lead and 20 million pounds zinc.

The program underway will consist of approximately 2000 m 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 sub-parallel zone to the East.

Surprise Creek

On the Ataman zone, 2 holes in the 2017 drill program have been completed in order to test and sample the large barite-sulphide zone within the Kuroko type VMS horizon. The Ataman zone has been defined over 600 m of height, 600 m of width and over 250 m of length. Both holes have intersected a wide zone of barite-sulphide mineralization. The drilling was designed to only test the SE portions of this wide zone. The second drill hole has intersected 2 different sulphide rich zones as well as the wide barite-sulphide zone. Core is being logged and cut and subsequently sent to Actlabs in Kamloops BC.

Red Cliff

Exploration to date has consisted of drilling, mapping, sampling and assaying additional core from the 2007-2012 programs. Drilling has been aimed at checking for extensions of the copper rich Red Cliff zone as well as extending the Montrose gold-copper zone. To date 5 holes were completed on the Red Cliff zone and 31 holes on the Montrose zone, approximately 1.2 km north from the first 5 holes. The Company plans to drill one to two holes on the Montrose zone north of Lydden Canyon and 8 holes on the Waterpump zone. Drilling, logging of core and cutting is ongoing and is expected to continue for at least the next month. To date assays have been received for only 5 holes from the Red Cliff zone and 5 holes from the Montrose zone.

Samples for the 2017 exploration program are cut in half with a diamond saw, with one- half placed in sealed bags and shipped to ActLabs in Kamloops, B.C., for sample preparation and for gold and multielement ICP analysis. A quality control/quality assurance program, including the insertion of standards and blanks, has been implemented.

Ed. Kruchkowski, P. Geo., a qualified person under National Instrument 43-101, is in charge of the exploration programs on behalf of the Company and is responsible for the contents of this release. E. Kruchkowski is not independent of Mountain Boy as he is the president of the Company.

Mountain Boy Minerals Ltd. is a Canadian based mineral exploration company with diverse property and resource holdings within the Stewart region located in the very prolific area of British Columbia’s Golden Triangle. It owns 20% of the Silver Coin project, a gold-silver-base metals project that has a 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. For a complete listing of the Company assets and developments, visit the Company website at www.mountainboyminerals.ca. For investor information please call 250-636-2264 or Gary Assaly at 604-377-7969.

ON BEHALF OF THE BOARD OF MOUNTAIN BOY MINERALS LTD

“Ed Kruchkowski”
Ed Kruchkowski, President

“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.”
“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.”


Source: GlobeNewswire (October 12, 2017 - 9:30 AM EDT) 
MORE BELOW

Corporate Update, Claim Acquisition and New Mineral Discovery


STEWART, British Columbia, Sept. 11, 2017 (GLOBE NEWSWIRE) -- Mountain Boy Minerals Ltd (TSX-V:MTB) (Frankfurt:M9U) (“Mountain Boy”) reports that exploration programs are ongoing on properties located in the “Golden Triangle” area of British Columbia. The Company also is pleased to announce that final approval from the TSX Venture Exchange has been received for the acquisition of the remaining 50% interest in and to each of the BA and Surprise Creek joint ventures. This will allow the Company to have a 100% interest in the above joint ventures and associated properties. Ed Kruchkowski, president of the Company states: “Acquisition of the properties allows the Company to aggressively explore for VMS deposits as well as gold-silver bearing zones indicated in historic programs. Both properties have zones of high grade zinc-lead-silver as well as zinc-copper-silver. Based on belief that approval would be granted, the Company has been actively exploring the Surprise Creek and BA properties, prior to the formal approval.”

To date, the Company has conducted exploration programs on the following properties:

MB Silver
The Company sampled several chalcopyrite rich structures located west and above the previously explored High Grade vein. Mineralization is located along replacement zones within the Betty Creek formation. Samples were collected from two different zones located several hundred metres apart during this sampling program. Bedrock samples were taken and have been sent for assay.

West George Copper
The Company has struck an option agreement whereby it can earn a 60-per-cent interest in West George Copper in return for the use of assessment work credits. The property consists of 288 hectares adjacent to the Company’s 100% owned George Copper project. The project has a silica cap over highly sericite altered andesitic rocks containing sulphide bearing quartz stockworks. High copper values with 2-3 g/t gold have been obtained on the talus slopes below the silica cap. A geological crew with the capability to sample the steep slopes is presently working on the property. Samples are being collected from the main alteration zone during this sampling program. Bedrock samples that are taken will be sent to the lab for assay shortly.

Surprise Creek
The Company has conducted exploration along the south edge of the claims and has discovered a new zone of gold-silver mineralization associated with a quartz stockwork containing tetrahedrite, pyrite, arsenopyrite and chalcopyrite. Gold assays are up to 3 g/t with associated 324 g/t silver assays. Follow up work is planned for this area to determine the extent of this mineralization.

On the Ataman zone, sampling is continuing north of the latest drilling to map and sample the large barite zone within the Kuroko type VMS zone. Further sampling is being carried out to define other areas of VMS mineralization indicated in historic sampling. The Company has permits in place and drilling on the Ataman zone is planned for later in September. Rock sampling is ongoing.

BA Property
The Company has sampled an area just north of 2016 channel sampling that indicated 7.50 m of 5.31% Zn, 1.97% Pb and 132 g/t Ag within 15.0 m of 3.84% Zn, 1.25% Pb and 108 g/t Ag. The Company has outlined drill locations to test the north extension as well as to depth.

Red Cliff
Drilling is continuing on the Red Cliff property, to depth as well as testing for north extensions. A total of 25 holes have been completed. The Company is awaiting check assays prior to releasing results for this drilling.

The Company has sampling crews that are obtaining samples from the Lydden Creek canyon on both the Waterpump as well as Lower Montrose zone. On receipt of assays from the Waterpump zone, the Company plans to conduct a drill program to test it. Historic numbers indicate 12 g/t gold over 8 metres along a trench sampling program. These numbers have not been verified by any Company sampling and are used for reference purpose.

In addition, the Company has added to the claim holdings by participating in a joint venture on claims to the SE of the Red Cliff Crown Granted claims.  The joint venture can earn an 80% interest with the Company interest being 28% (35% interest in the Red Cliff JV).

Ed. Kruchkowski, P. Geo., a qualified person under National Instrument 43-101, will be in charge of the exploration programs on behalf of the Company and is responsible for the contents of this release. E. Kruchkowski is not independent of Mountain Boy as he is the president of the Company.

The Company is presently in the midst of a $1,000,000 financing with non flow through shares priced at $0.08 and flow through shares priced at $0.10 with each having an attached 2 year full warrant. Two thirds of the financing has been completed with management participation and closing is expected shortly.

Mountain Boy Minerals Ltd. is a Canadian based mineral exploration company with diverse property and resource holdings within the Stewart region located in the very prolific area of British Columbia’s Golden Triangle. It owns 20% of the Silver Coin project, a gold-silver-base metals project that has a 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. For a complete listing of the Company assets and developments, visit the Company website at www.mountainboyminerals.ca.  For investor information please call 250-636-2264 or Gary Assaly at 604-377-7969.

ON BEHALF OF THE BOARD OF MOUNTAIN BOY MINERALS LTD

“Ed Kruchkowski”
Ed Kruchkowski, President

“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.”
“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.

About MiningNewsReporter.com : 

MiningNewsReporter.com is a subsidiary of Target Publishing Inc, and is a leading publisher of todays market and investment news, commentary, proprietary research and videos from seasoned journalists, analysts and contributors covering the financial markets and global economies. Leveraging our extensive distribution network and social media presence, we have cultivated a valuable audience of engaged market enthusiasts, which in turn delivers a variety of unique opportunities for industry partnerships, corporate communications, market exposure and investment. We have been paid cash only for this report . We do not take shares in payment for our work .

A complete disclaimer can be viewed HERE