Mountain Boy Minerals Ltd (TSX-V:MTB, OTCQB:MBYMF) has announced that assay results from the 2022 field program at the Southmore project in British Columbia's Golden Triangle region confirm that the prominent geophysical anomalies identified in the SkyTEM survey are indicative of a skarn with copper-gold potential.
The resource projects developer said results from the 2022 program at Southmore have confirmed the presence of mineralized skarn in numerous areas on the property.
“These results confirm that Southmore is emerging as a significant new discovery,” Mountain Boy Minerals CEO Lawrence Roulston said in a statement.
READ: Mountain Boy Minerals eyeing expanded work program at Telegraph project in British Columbia and other properties next year
“Southmore is the second substantial copper-gold project brought to light by MTB, with the Telegraph project shaping up as a porphyry cluster,” Roulston added.
Mountain Boy noted that in addition to confirming copper in the skarn zones, the recent samples demonstrate the presence of gold, including samples with 35.4 grams per tonne (g/t) gold while also showing the presence of zinc (up to 6.02%) and silver (up to 82.3 g/t).
It added that the positive sample results demonstrate large-scale discovery potential.
As well, the company said going forward, grid soil geochemistry and geological mapping over the most prospective areas is planned, followed by drilling of identified targets.
Mountain Boy has six active projects spanning 650 square kilometres in the prolific Golden Triangle region of northern British Columbia. Its Telegraph project lies near several large porphyry deposits including Galore Creek (Teck - Newmont), Schaft Creek (Teck - Copper Fox), Big Red (Libero Copper and Gold), Saddle and Saddle North (Newmont), and the operating Red Chris copper-gold mine (Newcrest - Imperial Metals).
Contact Sean at sean@proactiveinvestors.com