Mountain Boy Minerals Ltd.: Drilling Extends High Grade Gold Zone Beneath the Historic Dunwell Mine Workings
07 Febbraio 2011 - 9:54PM
Marketwired
Mountain Boy Minerals Ltd. (TSX VENTURE: MTB) ("Mountain Boy" or
the "Company") reports that drilling is continuing at its wholly
owned Dunwell Gold Mine. Since commencing the program, 9 holes have
been completed and were directed at expanding the area of
mineralization near the previously announced discovery zone. The
holes have intersected zones 3 to 9 metres wide, containing pyrite,
sphalerite, galena and chalcopyrite mineralization within quartz
breccia and brecciated argillite zones next to altered weakly
mineralized dyke rocks. Drilling is intersecting these zones
between 170 and 260 metres below the No 4 level which is the lowest
mined level. This drilling has extended the zone 50 metres along
strike over a dip extent of 260 metres. Mineralization is open in
all directions.
The Dunwell Gold Mine is a former producing gold mine, located
7.5 kilometres northeast of Stewart BC, 2 kilometres off paved
highway 37A. The property has excellent infrastructure being at a
low elevation allowing for exploration year round.
Significant results from some of the 2010 drilling are as
follows:
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DDH No. From (m) To (m) Length (m) Au g/t Ag g/t Pb% Zn% Cu%
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D4-10-9 215.55 222.26 6.71 14.27 37.81 0.25 0.63 0.02
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D4-10-10 216.77 221.95 5.18 5.31 62.4 0.52 0.80 0.03
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D4-10-11 217.07 222.93 5.85 4.74 55.88 0.09 0.72 0.02
---------------------------------------------------------------------------
D4-10-12 218.35 225 6.64 7.68 37.40 0.330 0.90 0.02
---------------------------------------------------------------------------
D4-10-15 208.84 213.14 4.3 15.62 42.0 0.04 0.40 1.44
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Core intersection widths are interpreted as being true width
given the dip of the mineralized zone.
Core is being logged and assay results will be released upon
receipt.
Ed Kruchkowski, P. Geo., a qualified person under National
Instrument 43-101, is in charge of exploration on behalf of the
company. All assaying is being carried out by Assayers Canada in
their Vancouver facilities.
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 that is having a new 43-101 compliant resource calculated.
The Company is also exploring silver-base metals on its American
Creek and Bear Valley properties as well as copper-gold on 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."
Contacts: Mountain Boy Minerals Ltd. Investor Relations
604-681-0710 Mountain Boy Minerals Ltd. Ed Kruchkowski 250-636-9232
250-636-9233 (FAX) www.mountainboyminerals.ca
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