Business & Finance
Mon, June 14, 2010Sun, June 13, 2010Fri, June 11, 2010Thu, June 10, 2010Wed, June 9, 2010Tue, June 8, 2010Mon, June 7, 2010Sun, June 6, 2010Sat, June 5, 2010Fri, June 4, 2010Mountain Boy Minerals Ltd.: Drilling on Red Cliff Intersects 11.74 g/t Gold Over 7.93 m
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Published in Business and Finance on Wednesday, June 9th 2010 at 8:10 GMT by Market Wire🞛 This publication is a summary or evaluation of another publication
VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 9, 2010) - Mountain Boy Minerals Ltd. ("Mountain Boy" or the "Company") (TSX VENTURE:MTB) is pleased to announce assays from the first five holes of the Company's 2010 exploration program on the Red Cliff property.
Drilling is being conducted at the south end of the property in the area of the Red Cliff underground workings, 1.5 km from 2009 discovery holes DDH-MON-2009-1 to DDH-2009-Mon-11. The holes are being drilled off a drill station that has been created at the top of cliffs approximately 100 metres west of and 200 metres above the underground workings. All holes have intersected zones varying from 3 to 17.68 metres long, some of which contain chalcopyrite-pyrite-fine visible gold mineralization in quartz veins and veinlets that appear to be identical to the Montrose mineralization intersected in discovery holes DDH-2009-Mon-1 to DDH-2009-Mon-11.
The Montrose zone and the latest intersections in the area of the Red Cliff zone carry distinctive white-pink quartz veinlets with sparse chalcopyrite. Pictures of the intersected mineralization can be viewed on the company's website.
Based on surface exploration conducted early this year, the Company believes that the Red Cliff zone initially trends northwest in the area of the workings but flexes into a north trending zone and is part of a 1.5 km zone that includes the Montrose zone to the north. Rusty outcrop exposures which occur approximately midway between the two previously explored portions of the mineralized zone are believed to be surface expressions of the gold bearing zone. Further exploration will consist of detailed sampling of these rusty outcrops.
Significant results obtained in the first five holes are as follows:
| DDH | From (m) | To (m) | Width (m) | Au g/t | Cu % |
| RC-2010-1 | 76.98 | 80.79 | 7.93 | 11.74 | 0.44 |
| and | 108.70 | 109.70 | 1.0 | 1.32 | 2.88 |
| RC-2010-2 | 47.56 | 49.09 | 1.53 | 1.14 | 0.30 |
| and | 53.65 | 54.89 | 1.22 | 1.08 | 0.88 |
| RC-2010-4 | 58.47 | 63.41 | 4.94 | 3.0 | 0.72 |
| RC-2010-5 | 66.46 | 74.24 | 7.78 | 12.19 | 1.44 |
DDH-2010-RC-2 & 3 were drilled at -45 and -50 degrees from the same set-up as DDH-2010-RC-1. The holes intersected quartz-pyrite-sparse chalcopyrite veins and veinlets with low gold values. The intensity of copper mineralization with associated fine visible gold increases with depth. DDH-2010-RC-4 was drilled at -55 degrees; DDH-2010-RC-1 was drilled at –60 degrees while DDH-2010-RC-5 was drilled at -65 degrees. All holes are surveyed with a down hole instrument to obtain an accurate azimuth and dip for possible future resource calculations. Surface collars will be surveyed once all 2010 drilling is complete.
Ed. Kruchkowski, P. Geo., a qualified person under National Instrument 43-101, is in charge of the exploration program on behalf of the company.
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."
