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Mountain Boy Minerals Acquires Additional Property in the Golden Triangle in BC

Mining News - Published on Fri, 20 Sep 2019

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Mountain Boy Minerals Ltd announced the acquisition, through staking and purchase, of a 100% interest in the More Creek property, located 40 km northwest of the historic Eskay Creek Mine. The 4,970 ha (49.7 sq km) property is adjacent to the Newmont Lake property which is now being drill-tested.

The last recorded exploration, in 1990, produced samples that assayed up to 13.58% copper, as well as encouraging values of lead, zinc, gold and silver.

Receding glaciers has opened up large areas that have never been explored.

The property has potential for precious metal veins, skarn and VMS-style mineralization.

The Mountain Boy team has compiled the available historic data and conducted an initial on-site review of the project. In 1990, Blue Gold Resources carried out a small exploration program of prospecting, geological mapping and rock sampling on the current claims. They identified two large gossans separated by a large glacier with pervasive silicification and pyrite alteration. Copper, lead, zinc, silver and gold mineralization was discovered within the alteration zones. Magnetite skarn mineralization with sphalerite and chalcopyrite was also discovered to the east of the large gossan. Rock samples from the 1990 program assayed up to 13.58% copper, 1.06% lead, 12.4% zinc, 2,500 ppb gold and 50.0 ppm silver. Samples were also anomalous in pathfinder elements such as antimony, arsenic, cadmium and bismuth. Since 1990, the glacier separating the two gossans has retreated 1,200 metres and thinned substantially, exposing many new outcrops. The BC Assessment Report index contains no other records of work performed on the claims since 1990.

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Posted By : Rabi Wangkhem on Fri, 20 Sep 2019
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