Mountain Boy Minerals is a Canadian listed (MTB-TSX-V) exploration
company whose activities are in the Stewart and MacKenzie area of BC. It
is actively exploring for gold-silver-base metals on the Silver Coin project,
silver-lead-zinc on the massive sulfide horizon within the BA project, silver-base
metals and gold-silver on their American Creek properties, copper-gold in the
Bear Pass area of Stewart, porphyry molybdenum in the Stewart and MacKenzie areas
and copper-nickel-platinum group metals in the MacKenzie area.
The company has been highly successful in outlining further gold-silver-base
metal resources at the Silver Coin project, completing a drill program at the
BA claims that is defining a large resource of silver-lead-zinc mineralization,
extending the copper-gold mineralized horizon at George Copper, successfully
testing the High Grade vein at the MB property and outlining a new high grade
epithermal gold-silver vein on the FR property.
Highlights of the 2006 activities on these properties are
as follows:
SILVER COIN PROJECT - The new mineral resource has been
significantly increased and improved since the last resource estimate published
in March 2006, which only referred to inferred resources. MineFill was
able to upgrade roughly 40 percent of the resources from Inferred to Measured
and Indicated. The new resource estimate includes 947,988 ounces of
gold in the inferred category and 423,002 ounces of gold in the measured and
indicated category. This updated resource includes an additional 182
surface diamond drill holes completed in 2005 and 2006 and 417 historical drill
holes of which 288 were drilled from underground. The resource is based
on drilling along 700 meters of strike length within a mineralized zone that
has been identified over a distance of at least 2500 meters that remains open
to the south, east and north.
MB SILVER PROJECT - An indicated resource totaling 105,555
tonnes grading 0.064% Cu, 0. 68% Pb, 2.01% Zn, 208.9 g/t Ag and 13.59% BaSO4
has been outlined in 3 different veins.
GEORGE COPPER PROJECT - Two different horizons have been
defined on the property; one consisting of a massive sulfide zone carrying chalcopyrite,
pyrrhotite and pyrite and the second consisting of replacement veins along a
dacite unit with banded jasper, chalcopyrite and barite. The first horizon
has been traced for 5 kilometers across the property while the second horizon
has been traced for over 1 kilometer. Historical resources on a small
portion of the second horizon have been reported to total (indicated and inferred)
180,000 tonnes grading 2.0% Cu, 17.1 g/t Ag and 2.1 g/t Au. Unclassified
resources were reported to be 453,550 tonnes grading 17.1 g/t Ag, 2.0 g/t Au
and 2.0% Cu.
BA PROJECT - Drilling tested a volcanogenic massive sulphide
(VMS) horizon located in the upper parts of Bear Glacier within the same stratigraphic
horizon as that which hosts the Eskay Creek deposit. Company geologists
believe that the zone represents a portion of a Kuroko-type VMS system composed
of an exhalite horizon with related zinc-lead-silver mineralization. The
main exhalite horizon is 40 to 50 meters wide and can be traced for over 1 kilometer
of strike length. This mineralized horizon being drill tested is on the
west limb of a syncline. Float sampling in 2005 found similar mineralization
on the east limb of the syncline approximately 3 kilometers east of the horizon
being tested. Drilling has intersected high grade-silver-lead-zinc values
over significant widths over several different horizons within the exhalite
unit.
FR PROJECT - A new epithermal vein system has been discovered
approximately 600 meters long with quartz veins carrying chalcopyrite, galena,
sphalerite and pyrite mineralization associated with siderite and manganese
minerals in a stockwork zone up to 4-5 meters wide. High gold values are
generally closely associated with enhanced copper values. The zone has
been traced over a strike length of at least 600 meters through talus prospecting
with only several outcrop exposures. Grab sampling of mineralized outcrop
and float boulders has yielded up to 236.6 g/t gold and 8108 g/t silver.
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