Trading Symbol: TSX –MTB
STEWART, BC, Aug. 24, 2016 /CNW/ - Mountain Boy Minerals Ltd. ("Mountain Boy") reports that it has transferred 50 % of the BA claims in the "Golden Triangle" area to its JV partner, Great Bear Resources Ltd ("Great Bear") as outlined in a 2010 option agreement. Under terms of this agreement, Great Bear has transferred a 50 % ownership in the Surprise Creek claims to Mountain Boy. The 2 properties cover approximately 40 km of a potential Kuroko type silver rich massive sulphide horizon that has been outlined in at least 6 different locations. At present, Mountain Boy is following up on a zone discovered by geologist, Alex Walus in 2007 and further defined by Great Bear in 2010. This zone called the "Rumble Zone" is a wide barite rich exhalative horizon with galena-sphalerite-minor chalcopyrite and minor pyrite. The zone appears to be up to 60 m true width with narrower sections that contain 25-30 % sulphide. Boulders up to 1 m in diameter with the heavy sulphide have been discovered at the base of the zone shown in the photo. Based on results of the surface sampling, drilling may be planned for later in 2016. A photo of the rusty appearing "Rumble Zone" is shown below. The zone shown is exposed over at least 600 m of height and locally over 60 m in width.
Ed. Kruchkowski, P. Geo., a qualified person under National Instrument 43-101, is in charge of the exploration programs on behalf of the Company and is responsible for the contents of this release. E. Kruchkowski is not independent of Decade as he is a director of the Company.
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 20% of the Silver Coin project, a gold-silver-base metals project that has a 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. For a complete listing of the Company assets and developments, visit the Company website at www.mountainboyminerals.ca. For investor information please call 250-636-2264.
ON BEHALF OF THE BOARD OF MOUNTAIN BOY MINERALS LTD.
Ed Kruchkowski, President, Director
"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."
"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."
SOURCE Mountain Boy Minerals Ltd.
Image with caption: "A sample that is 25 cm wide has been cut showing the fragments of massive brown sphalerite to the left in the photo and thin 1-2 cm beds of sphalerite to the right. Fine grained sphalerite cements the brecciated rock. (CNW Group/Mountain Boy Minerals Ltd.)". Image available at: http://photos.newswire.ca/images/download/20160824_C2671_PHOTO_EN_758542.jpg
For further information: Mountain Boy Minerals LTD: Box 859, Stewart, British Columbia, V0T 1W0, Phone (250) 636-2290, Fax (250) 636-2446, Web page: mountainboyminerals.ca