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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