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Mountain Boy Minerals Ltd.
Summary
| Project: | Silver Coin | |
|---|---|---|
| Deposit: | Silver Coin | |
| Location: | Canada | |
| Commodities: | Gold-Silver-Zinc | |
| Date: | 11/30/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 30-11-2017: Mountain Boy Minerals Ltd. announces an Exploration/Drilling Update report for its Silver Coin deposit at the Silver Coin project. Drilling results incl. 7.72m @ 8.63g/t Au, 11.99g/t Ag from 16.46m. Stewart, BC – November 28, 2017, Mountain Bo | |
| Resources: | (Resource, M+I): 24.13Mt @ 1.08g/t Au, 5.74g/t Ag, 0.17% Zn at Silver Coin | |
| CP/QP: | [Overall Report]: Ed. Kruchkowski (Internal) | |
| ABSTRACT: | Stewart, BC – November 28, 2017, Mountain Boy Minerals Ltd. (“Mountain Boy”) is pleased to announce that the Company has received assays on an additional 6 holes from the 2017 drill program at its Silver Coin project in northwestern British Columbia. Results indicate a new significant high-grade gold discovery zone in an unexplored area located 550 metres to the northeast of the main Silver Coin deposit. The Silver Coin project is an advanced stage gold-silver property located about 25 kilometers north of Stewart within the Golden Triangle in northwestern British Columbia. Mountain Boy owns a 20% carried interest in the property. Drill Hole SC17-452, recently completed in this untested area intersected a new gold-bearing zone grading 8.63 g/t Au over 7.7 metres, from 16.5 to 24.2 metres, including several highergrade intervals up to 37.1 g/t Au. This gold bearing structure is hosted in andesite and is characterized by a quartz-sericite-chlorite altered breccia zone exhibiting quartz stringers with visible gold grains, 5-6% sphalerite, up to 1% galena and 7-8% pyrite mineralization. Further down this drill hole, additional zones of siliceous breccia returned 6.5 g/t Au over 1.5 metres between 77.82 and 79.32 metres and 8.25 g/t Au over 1.0 metre between 88.97 and 89.97 metres. The hole was drilled to test for shallow dipping gold-bearing breccias east of the flagship Silver Coin deposit. Six holes were drilled from three separate pads spaced approximately 100-150 metres apart along strike of a favorable lithological unit with assays for the remaining four holes still pending. Results from drilling within the NW Extension area of Silver Coin’s main breccia zone continue to support a high success ratio with almost all holes encountering significant mineralization, resulting in extensions of known zones beyond historical limits. | |
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