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Be the first with the news that moves the market- Drilling is underway at the Red Cliff gold project in British Columbia
- Mountain Boy Minerals (TSXV:MTB) holds a 1.35 per cent net smelter return (NSR) royalty and a 35 per cent interest in this historic mine
- Drilling is now underway on the Upper Montrose Zone (UMZ), 200 metres north and 200 metres higher than the LMZ
- Mountain Boy Minerals (MTB) opened trading at $0.11
Drilling is underway at the Red Cliff gold project in British Columbia.
Mountain Boy Minerals (TSXV:MTB) holds a 1.35 per cent net smelter return (NSR) royalty and a 35 per cent interest in this historic mine. The Vancouver-based miner’s joint venture partner, Decade Resources Ltd, is the project’s operator.
Drilling is now underway on the Upper Montrose Zone (UMZ), 200 metres north and 200 metres higher than the LMZ. Drilling in 2009 encountered multiple en-eschelon mineralized structures, with the following results:
| DDH No. | From (m) | To (m) | Width (m) | Gold g/t |
| DDH-2009-5 | 41.77 | 44.72 | 3.05 | 10.08 |
| DDH-2009-5 | 49.7 | 51.07 | 1.37 | 16.94 |
| DDH-2009-5 | 57.01 | 61.25 | 4.24 | 10.79 |
| DDH-2009-6 | 53.66 | 57.32 | 3.66 | 38.71 |
| DDH-2009-6 | 69.97 | 72.26 | 2.29 | 142.2 |
The property hosts a 1.2 km mineralized trend, extending from the Red Cliff Zone, through the LMZ and the UMZ. The earlier work was focused on small-scale mining and the steep topography impeded efforts to effectively explore this trend.
The present oriented core drill plan draws on a comprehensive modelling exercise incorporating a full set of historic data, conducted by an independent geologist who is an expert in this type of system.
Mountain Boy has six active projects spanning 650 sq. km. in the prolific Golden Triangle of northern British Columbia. The company recently closed the first tranche of the non-brokered private placements for Flow Through and Non-Flow Through Units, as announced on May 4t
h. The funds will be used primarily for exploration on Mountain Boy’s Telegraph property in the Golden Triangle of B.C. Click here for full details on that news.
Mountain Boy Minerals (MTB) opened trading at $0.11.
The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.
