TSX.V Trading Symbol: MTB
VANCOUVER, Jan. 26, 2012 /CNW/ - Mountain Boy Minerals Ltd reports it has received assay results from its joint venture partner for a for a further 8 drill holes. These holes were completed on the Upper Montrose zone at its Red Cliff project in Northwestern British Columbia. The Red Cliff is a gold/copper property consisting of 8 Crown granted mineral claims located approximately 25 miles north of the town of Stewart, British Columbia. The 2011 field season has extended the gold bearing zone up to 500 metres along strike and 250 metres of depth. It remains open in all directions. The 2011 drilling has greatly aided in defining the strike and dip of the Upper Montrose zone as well as outlining a 10 metre thick post mineral dyke that cuts through the mineralization in a NE direction with a shallow dip to the west. At surface, this dyke obscures the trend of the zone towards the NE.
In addition, this work indicates that a second fault bound gold bearing zone is present to the SE along Lydden Creek. It appears to parallel the NE strike of the Upper Montrose and only a small section is exposed in the canyon wall. This section was initially interpreted as being along strike with the Upper Montrose. Drilling from a drill deck along Lydden Creek to test in 2010 did not intersect any extension in a NW direction. Drilling in 2012 will test for strike and depth extension of this zone towards the NE. In the past, this zone has been developed along several short adits. During 1939-41 a total of 59 tonnes were reportedly mined which averaged 84.4 grams/tonne Au, 101 g/tonne Ag, 0.91% Cu, 3.5% Pb and 4.41 % Zn. The company reports these results have not been confirmed and should be used for reference purposes only.
A total of 44 drill holes were completed to intersect below and southwest of DDH-MON-2009-1-6 and below the furthest southwest holes completed in the 2010 drilling. The assays for DDH- MON-11- 1 to 27 excluding 20, 23, 25 and 26 have been announced in previous releases. The results are for holes that were completed west of DDH-MON 2009-1 to 6. Results of the latest holes shows a continuation of high gold values to the west in a down dip direction as follows:
|DDH No.||From (m)||To (m)||Width (m)||Au g/t|
Only partial assay results for DDH-MON-11-20 and 23 have been received. No results have been received for DDH-MON - 28, 30, 33 and 35. Drilling intersected the late post mineral dyke discussed above in DDH-MON-25, 26 and 34 and assay results were low in these holes. Assay results for a further 12 holes have not been received.
In the 2012 drill season, it is planned to drill both the Upper and Lower Montrose zones off existing roads as well as any new roads completed southwest of the Upper Montrose zone along Lydden Creek. This would allow for the completion of numerous different drill pads in order to test from the hanging wall side of the two zones. The Company feels that with the presence of 2 high grade zones to be delineated, 2012 drilling will outline a substantial resource. It is the Company intention to prepare a 43-101compliant resource estimate upon completion of this drilling.
All samples are assayed by Loring laboratories of Calgary, Alberta...
Ed. Kruchkowski, P. Geo., a qualified person under National Instrument 43-101, is in charge of the exploration program on behalf of the Company and is responsible for the contents of this release. E Kruchkowski has conducted all the exploration on this property from 2007 to present and has logged and overseen the sampling of the core.
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 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.
ON BEHALF OF THE BOARD
Ed Kruchkowski, 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."
For further information:
please contact investor relations at MyneCor Marketing, phone number 778-478-0287 or fax 778-478-0282, John Van Duzen at 604-681-0710 or Ed Kruchkowski at 250-636-9232.