Business & Finance
Business and Finance
Business and Finance
Sat, July 17, 2010
Fri, July 16, 2010 Mountain Boy Minerals Ltd.: Drill Mobilized to Test Bonanza Gold Bearing Montrose Zone
VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 16, 2010) - Mountain Boy Minerals Ltd. (TSX VENTURE:MTB) ("Mountain Boy" or the "Company") announces that the Company has completed drilling in the area of the Red Cliff zone as well as testing several gossaned zones south of Lydden creek. Assay results for drill holes testing the Red Cliff zone are pending.
The drill has now been mobilized to test the bonanza gold bearing Montrose zone in the area of DDH-2009-Mon-1-11.
Highlights of some of the 2009 drilling include the following results:
DDH | From (m) | To (m) | Interval Length (m) | Au g/t |
| Mon-2009-1 | 29.98 | 62.50 | 32.52 | 7.53 |
| Including | 35.77 | 38.72 | 2.95 | 14.89 |
| including | 59.60 | 62.50 | 2.90 | 45.77 |
| Mon-2009-2 | 57.62 | 106.10 | 48.48 | 4.17 |
| Including | 100 | 106.10 | 6.10 | 13.32 |
| Mon-2009-3 | 46.04 | 53.96 | 7.93 | 3.1 |
| and | 74.39 | 102.74 | 28.35 | 7.3 |
| including | 93.6 | 97.26 | 3.66 | 24.05 |
| Mon-2009-4 | 23.17 | 51.59 | 28.41 | 5.78 |
| Mon-2009-5 | 38.72 | 78.35 | 39.63 | 4.75 |
| and | 87.50 | 96.18 | 8.68 | 1.67 |
| Mon-2009-6 | 53.66 | 108.84 | 55.18 | 9.64 |
| Including | 53.66 | 78.36 | 24.7 | 20.87 |
| Including | 53.66 | 57.32 | 3.66 | 38.71 |
| Including | 69.36 | 71.49 | 2.13 | 142.2 |
Drilling will test for extensions to the gold bearing Montrose zone below the drill holes in the above table and above DDH-2009-Mon-11. Drilling will also test for extensions along strike to the north and south.
Locally fine visible gold is associated with a stockwork of quartz-chalcopyrite-pyrite stringers occurring along a 30 metre wide shear zone. Strong disseminated and fracture filled pyrite mineralization as well as galena-sphalerite-visible gold form an envelope to the above stockwork mineralization.
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 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"
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."
