Date: May 5, 2022
Mountain Boy Minerals Ltd. (TSXV:MTB, Not Rated, Koby Kushner) provided an update on its flagship Telegraph Cu-Au project in BC’s Golden Triangle. We note that the project is located in a favorable jurisdiction and within the vicinity of multiple work-class porphyry deposits, including Schaft Creek and Galore Creek, amongst others. Ongoing work, including the integration of recent sampling results with historical data, has provided new insights into the project that supports the modern interpretation of a large-scale porphyry system and has provided Mountain Boy with a solid foundation upon which to plan for the 2022 field season. Notably, this work is being supported by Dr. Christopher Lawley of the Geological Survey of Canada, as well as Dr. Farhad Bouzari from the Mineral Deposit Research Unit that has assisted the newly formed Technical Advisory Board (read more). Both renowned geoscientists have analyzed several samples, including 80 core samples from 2014 drilling and 40 surface samples from the 2021 program. Moving forward, we expect follow-up exploration work at the Dok and Yeti target areas, where porphyry-style mineralization has been identified. Highly anomalous Cu, Ag, Au, and other critical metals have been identified, and one grab sample had returned 17.65% Cu at the Nirvana Bowl target. High Pd/Pt ratios have also been observed, which are consistent with other Au-Cu porphyries in the Golden Triangle. The upcoming field season is currently being planned and expected to include a more comprehensive sampling program, geophysics (IP and MT), further soil geochemistry, geologic mapping, and prospecting. We note that Telegraph represents one of six active projects, that together comprise ~60,400 ha, in BC’s prolific Golden Triangle.
Analyst: Koby Kushner, Red Cloud Securities
Date: March 25, 2022
View the Red Cloud Securities Report - Unlocking Potential in BC’s Golden Triangle
Please note that the opinions, estimates or forecasts regarding the performance of Mountain Boy Minerals made by the analysts are theirs alone and do not represent the opinions, estimates or forecasts of Mountain Boy Minerals or its management. Mountain Boy Minerals does not by its reference above or distribution imply its endorsement of or concurrence with such information, conclusions or recommendations.