The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
MTB: TSX-V
President and CEO: Frank Kamermans
Director: Edward Kruchkowski, P. Geo, P. Geol.
Mountain Boy Minerals Ltd. is a Canadian mineral exploration company focused on mineral prospects in north-central British Columbia near Stewart, B.C. Mountain Boy owns a 49 percent interest in the Silver Coin mineral claims (19 percent is optioned to Pinnacle Mines Ltd.), a 26.95 percent interest in the Indi mineral claims and a 29.4 percent interest in the Kansas mineral claims. These 26 contiguous claims cover 1,255 hectares and comprise the Silver Coin project.
The Silver Coin project, a gold-silver project located in the Skeena Mining Division of British Columbia, is situated 10 kilometers, or 7 miles, north of the past-producing Silbak-Premier mine. Silbak-Premier produced 2 million ounces of gold and 43 million ounces of silver over its life.
In January Mountain Boy granted Great Bear Resources Ltd. an option to acquire up to a 70 percent interest in the Barbara, Stro, Booze and George Copper properties.
The Barbara claims are believed to host a mineralized zone representing the upper portion of a Kuroko-type volcanogenic massive sulphide system composed of an exhalite horizon with related zinc-lead-silver mineralization.
Great Bear planned a 17,000-meter drill program for 2010 and had drilled 33 holes by July 26.
At Mountain Boy's Red Cliff gold property where optionee Decade Resources reported spectacular drill results in 2009, completed a 7,000-meter 2010 drill program in July.
Assay results for drill holes testing the Red Cliff zone were pending in early September.
Mountain Boy Aug. 31 reported discovery of bonanza gold-silver mineralization with 105 g/t gold and 1,748 g/t silver at its 7,675-hectare, or 18,957-acre, FR property within 21 claims at the headwaters of American Creek about 42 kilometers, or 26 miles, north of Stewart, BC.
At its Dunwell property, the site of a former producing gold mine near Stewart, Mountain Boy began a surface and drilling program in late 2009 and reported assay results for the first five holes in February. Highlights include 3.04 meters of 6.76 grams per metric ton gold, 111.1 g/t silver, 2.13 percent lead and 4.36 percent zinc. Ongoing drilling has continued to yield encouraging results. The junior also is exploring the silver-rich Mountain Boy property as well as several other prospects in the area.
Cash and short-term deposits: C$556,602 (at May 31, 2010)
Working capital: C$ 556,602 (at May 31, 2010)
Market capitalization: C$8.73 million (at Sept. 6, 2010)
306 5th Ave., Suite D Stewart, British Columbia Canada V0T 1W0
Tel: (250) 636-9283
Fax: (250) 636-2446
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