Mountain Boy Minerals Ltd (TSX-V:MTB, OTCQB:MBYMF). has reported encouraging results from the 2021 field program on its extensive Telegraph project, located in the prolific Golden Triangle, in British Columbia.
The Vancouver-based company said the results integrated with historic results continue to “enhance” the porphyry copper-gold potential of the property.
In a statement, Mountain Boy CEO Lawrence Roulston said: "These outstanding results confirm the historic data, but more importantly expand the footprint of the previously identified porphyry copper-gold system. Integrating these results with the wealth of earlier information will enhance our geological understanding of this system.”
“We now have further evidence that the property has the potential to host a porphyry deposit with favourable grades similar in scale to the other deposits in this prolific district," he added.
READ: Mountain Boy Minerals reveals new drill results showing high zinc and gold grades at its BA project
The 244-square kilometre Telegraph project is in the vicinity of 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 run by Newcrest-Imperial Metals.
The company’s 2021 field program hoped to explore new parts of the property that had either promising historic stream sediment geochemistry or were on strike and trend with known areas of mineralization.
“A significant new discovery, approximately three kilometres (km) southeast of the DOK Main Zone, produced 19 surface samples that assayed 0.5% copper and greater,” said the company. The new zone is traceable over 400 meters (m) and sample E075465 assayed up to 17.9% copper.
A second new zone was discovered a further 1 km from the new zone, along the same south-easterly trend. This zone also yielded several samples over 1% copper, said the company.
On the eastern portion of the property, a third new zone of elevated copper values was discovered. This zone, called Yeti West, also produced several samples that assayed greater than 1% copper, with sample C0034000 assaying 3.6% copper. This zone trends over 700 metres.
The firm said that several samples also produced elevated values of molybdenum, up to 980 parts per million (ppm), and sample C0033532 assayed 24.6% lead and 25.7% zinc.
“The findings from field work further confirm the potential for large copper-gold porphyry systems on the property and outlined new prospective areas for future exploration,” said the company.
In a nutshell, 268 soil samples and 141 surface samples were collected, and 30% of the surface samples graded 0.5% copper or higher, including 17.9% copper, noted the company.
In the coming months, Mountain Boy’s technical team will integrate the historic and new data. “Work next field season will focus on testing identified targets and is also expected to generate new gold-copper targets in this large and fertile mineralized system,” said the company.
Meanwhile, Mountain Boy said 80 drill core and 43 surface samples from the Telegraph project have been included in a federal government-funded research program known as the Targeted Geoscience Initiative (TGI-6), which focuses on critical raw materials.
Additional samples collected at the end of the 2021 field season are being sent in for short wave near infrared (SWIR) spectral analysis. The results will be integrated with geochemistry, geophysics, and radiometric data to help Mountain Boy get a better understanding of the mineralizing systems underlying the Telegraph property.
Mountain Boy has six active projects spanning 60,398 hectares in British Columbia's prolific Golden Triangle.
Contact the author Uttara Choudhury at uttara@proactiveinvestors.com
Follow her on Twitter: @UttaraProactive