Mountain Boy Minerals Ltd. - Drilling is Proceeding on Three Different properties
September 06 2007 - 10:55AM
PR Newswire (US)
Trading Symbol: TSX-MTB Frankfurt-M9U.F OTC-MBYMF STEWART, BC,
Sept. 6 /PRNewswire-FirstCall/ -- Mountain Boy Minerals Ltd.
announces that drilling is proceeding on three different
properties; namely the BA, Red Cliff and MB. BA Property: A drill
has been mobilized to the BA property and a system of close spaced
holes 15 meters on a grid pattern apart will be completed in order
to provide the data for a resource calculation. An excavator has
been flown into the property in order to build trails along the
grid, build drill pad locations and move the drill between set ups.
The BA property hosts a zone representing a portion of a
Kuroko-type VMS system composed of an exhalite horizon with related
zinc-lead-silver mineralization in felsic rocks. Drilling is
concentrating on the southwest portion of this system where
drilling in 2006 indicated 10.31 meters of 152.19 g/t silver 4.67 %
lead and 4.05 % zinc. The main exhalite horizon is 40 to 50 meters
wide and can be traced for over 1 kilometer of width. Geological
Survey of Canada Open File 2931 indicates that the favorable
horizon occurs within a syncline that is up to 3 kilometers across.
At present, this mineralized horizon is being drill tested on the
west limb of the above syncline. Redcliff Zone: this zone contains
2,300 m of underground development on 5 levels from 4 portals over
a height of several hundred meters with limited Cu-Au production
reported in 1910-12 and 1973. From 1910 - 12 production from the
Redcliff zone amounted to approximately 1,136 tonnes estimated to
average 5% Cu. In 1972 some 3,776 tonnes of ore was sent to a local
mill. The only reserve estimate reported for the Redcliff Zone was
in 1912 showing a total of 18,900 tonnes averaging 3.19% Cu and
2.86 grams per tonne gold. This estimate was only for broken
mineralized material within a stope on one of the levels in the
mine. This estimate is historical and is not 43-101 compliant and
is used for reference purposes only. Drilling during 2007 has
extended the earlier defined zones well below the lowest working
from the previous work as well as indicating that 4 separate zones
of copper -gold mineralization are present. Phase II drilling is
concentrating to the west and at depth to the early underground
work as well as Phase I drilling (see September 4, 2007 press
release) MB Property: Between 1929 and 1938, the MB property
produced 60 tons of hand cobbed material that yielded an average
546.8 oz/ton silver, 3.2 % copper and 3.15 % lead per ton of ore.
In 1940, mining extracted 3.08 tons grading an average 0.09 oz/to
gold, 248 oz/ton silver, 2.2 % copper, 4.9 % lead and 5.8 % zinc.
In 1999, Mountain Boy Minerals extracted a 13.6 tonne (15 ton)
sample from the High Grade vein with results from the smelter
indicating a value of 18,854-grams/tonne silver (550 oz/ton), 1.1 %
zinc and 2.5 % lead for this shipment. Drilling in 2006 yielded
5.18 meters of 5258.0 g/tonne silver in DDH-2006-10. E.
Kruchkowski, P. Geo. is the qualified person under National
Instrument 43-101 and is in charge of the exploration programs on
behalf of the company. Mountain Boy Minerals Ltd is a Canadian
based mineral exploration company whose activities are in the
Stewart and McKenzie area of BC. It is actively exploring for
gold-silver-base metals on the Silver Coin project, silver-base
metals on their American Creek properties, copper-gold in the
Stewart area, porphyry molybdenum in the Stewart and McKenzie areas
and copper-nickel-platinum group metals in the McKenzie area. ON
BEHALF OF THE BOARD "Ed Kruchkowski" Ed Kruchkowski, Director
CONTACT: visit the website at http://www.mountainboyminerals.ca/
DATASOURCE: Mountain Boy Minerals Ltd. CONTACT: visit the website
at http://www.mountainboyminerals.ca/
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