MTB Metals (TSX-V:MTB, OTCQB:MBYMF) Corp has begun fieldwork in preparation for drilling at its Telegraph porphyry copper-gold project.
The first phase of this program will be aimed at more precisely defining the targets for this initial drill plan, the company said. Interpretations of the results from last season and prior work will be confirmed with more field observations to optimize drill hole locations.
Notably, the 310-square-kilometer project shares geological features with four nearby world-class porphyry deposits, all being advanced by majors. Exploration has resulted in the discovery of numerous mineralized copper and gold showings throughout the property and helped confirm the presence of one or more porphyry mineralization centers.
"Multiple exploration approaches have been applied by MTB and previous operators,” CEO Lawrence Roulston said in a statement. “The close alignment of the various results on the Dok Trend make this a prospective drill target in any setting.”
He continued, “The geologic setting, hydrothermal alteration, geochemistry, and geophysics combine to define a compelling target. Having this alignment of characteristics in the same area and the same geological setting as four known world-class porphyry deposits makes it even more compelling. Other targets are also looking very promising. In addition to the primary drill target, we plan to have other targets ready for an initial drill test."
More information about the project can be found here.
Contact Andrew Kessel at andrew.kessel@proactiveinvestors.com
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