MB Silver

Opportunity: A past producing silver mine with recent drill holes confirming the presence of a high-grade silver occurrence. The drilling encountered intervals of multi-kilo silver values. While the presently known extent of the veins is limited, the exceptionally high-grade nature of the silver mineralization provides the scope for a potentially economic deposit. Recently established road access to the mine site greatly improves the access for future exploration and development.

Location: The MB Silver project located in the “Golden Triangle” area of the Skeena Mining Division of British Golden; 22 kilometres north of Stewart and 7 kilometres from Highway 37A.

Size: The 1,025-hectare property covers the past producing mining area and nearby occurrences.

Ownership: 100% interest

Overview: The Mountain Boy area was explored from 1902 by way of tunnels developed along the high-grade silver veins. Several tonnes of material were transported by pack horses from the mine at plus 900 metres elevation to the valley and then ~20 kilometres  to Stewart, for shipment to a smelter. Mountain Boy acquired the property in 2005 and conducted drilling in 2006 and 2007. Results of the drilling included DDH-MB-2006-10 which yielded 5.18 metres of 5258 grams per tonne silver and DDH-MB-2006-19 which yielded 6.10 metres of 2260 grams per tonne silver along with credits of lead, zinc and copper.

Replacement-type mineralization on the property consists of at least seven main and four minor replacement zones tested with trenches, previous open cuts, limited diamond drilling and/or adits in the past. The mineralization occurs along wide bodies that are up to 15 metres thick consisting of mainly barite, quartz, jasper, carbonates and sulphides with local native silver. Acanthite (silver sulphide) and stromeyerite (silver-copper sulphide) occur as veinlets, stringers and lenses in the high-grade and No. 3 vein, giving rise to bonanza-style grades.

Exploration during summer 2018 examined the area for the first time with a view to understanding the geological setting. That work provided invaluable insights which will provide a solid basis for the next phase of work, which is intended to include further drilling to quantify the extent of the known zones and to test for further zones.