Business & Finance
Tue, June 1, 2010Mon, May 31, 2010Fri, May 28, 2010Thu, May 27, 2010Wed, May 26, 2010Tue, May 25, 2010Mon, May 24, 2010Sun, May 23, 2010Fri, May 21, 2010Mountain Boy Minerals Ltd.: Red Cliff Drilling Started
//business-finance.news-articles.net/content/201 .. boy-minerals-ltd-red-cliff-drilling-started.html
Published in Business and Finance on Wednesday, May 26th 2010 at 8:50 GMT by Market Wire🞛 This publication is a summary or evaluation of another publication
STEWART, BRITISH COLUMBIA--(Marketwire - May 26, 2010) - Mountain Boy Minerals Ltd. (TSX VENTURE:MTB) ("Mountain Boy or the "Company") is pleased to report that the company has been informed by Decade Resources Ltd that the necessary government permits for the 2010 exploration program on the Red Cliff property have been received. Over the weekend, a 7,000 metre drill program commenced in accordance with an independent NI 43-101 report.
The program recommends the following:
- Diamond drilling to extend the Montrose zone both to the south and in the area of 2009 drilling particularly DDH-2009-MON 1 to 11.
- Diamond drilling to extend the Red Cliff zone above and west of the Red Cliff underground workings.
- Diamond drilling below the south extension of the Montrose zone.
- Diamond drilling between the Montrose and Red Cliff zones to check for continuity of the zones in talus covered areas.
At present, the drilling has started to the west of the Red Cliff workings on a drill pad constructed in 2009. Previous assays from the 2007 drill program on the Red Cliff zone include:
| Hole Number | Meters | AU (g/t) | AG (g/t) | Cu (%) |
| RC-10 | 6.8 | 5.34 | 20.36 | 1.45 |
| RC-16 | 3.05 | 5.66 | 39.3 | 4.01 |
| RC-17 | 3.66 | 4.63 | 32.2 | 4.17 |
| RC-55 | 11.9 | 0.3 | 22.1 | 2.66 |
| RC-56 | 10.73 | 1.76 | 20.24 | 3.61 |
The area of the Montrose zone is still under snow cover and drilling will commence on this zone later in the field season. The Company does not have permitting for any further road construction at present so the drilling in the Montrose area will use existing trails. Previous assays from the 2009 drill program on the Montrose zone include:
| Hole Number | Meters | AU (g/t) |
| DDH-2009-MON-1 | 32.5 | 7.5 |
| DDH-2009-MON-2 | 48.48 | 4.17 |
| DDH-2009-MON-3 | 28.4 | 7.3 |
| DDH-2009-MON-4 | 28.17 | 5.78 |
| DDH-2009-MON-5 | 39.63 | 4.75 |
| DDH-2009-MON-6 | 24.7 | 20.87 |
A total of 7,000 metres of drilling in 50 holes has been recommended between both zones.
The Company has a 60% interest in the property and has entered into a joint venture agreement with Decade Resources Ltd. to facilitate the 2010 exploration.
Ed Kruchkowski, P. Geo., a qualified person under National Instrument 43-101, is in charge of the exploration program on behalf of the company. All samples are assayed by Assayers Canada of Vancouver, BC.
About Mountain Boy Minerals:
Mountain Boy Minerals Ltd. is a Canadian based mineral exploration company with diverse property and resource holdings around the Stewart region in British Columbia's golden triangle. It owns 30% of the Silver Coin project, a gold-silver-base metals project with a 43-101 defined 944,000 ounces gold in the measured and indicated category and 1,400,000 ounces in the inferred category. The Company is also is exploring silver-base metals on its American Creek and Bear Valley properties as well as copper-gold in their Stewart area claims.
ON BEHALF OF THE BOARD
Ed Kruchkowski, director
"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."
"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."
