Mountain Boy Minerals Ltd (TSX-V:MTB, OTCQB:MBYMF) announced that a geophysical survey is currently underway at its Telegraph Copper-Gold Project in British Columbia’s Golden Triangle.
The program involves ground geophysics (induced polarization and magnetotellurics) and on-site shortwave infrared analysis of rock samples, which is used to identify alteration minerals that may be associated with mineralization, the company said.
The goal is to define drill targets and establish a better understanding of the overall geological setting on the property over the next few weeks.
READ: Mountain Boy Minerals receives exciting survey results supporting the large-scale porphyry potential of the Southmore copper-gold project
Mountain Boy noted that much of the historic work at the project focused on the Dok target and included two drill holes that intersected sub-ore grade copper and gold mineralization. The Dok target is now seen as part of a six-kilometer trend that includes the Dok, Red Creek, Dok-X and Nirvana Bowl areas and straddles the former property line near the middle of that trend.
The area around the former property line has seen elevated copper and gold values on surface, with many samples above 1% copper, up to 17.95%, anomalous copper and gold soil samples, widespread hydrothermal alteration consistent with porphyry-style mineralization and a chargeability high from the 2012 IP survey.
"Our in-house geological team, backed by some leading porphyry experts, have done an outstanding job of compiling and interpreting the enormous amount of information that has been collected over the years on what is now a consolidated property position,” CEO Lawrence Roulston said in a statement. “An important aspect of the current program is the Border Zone, the area that straddles the previous property line, and was largely overlooked.”
In terms of 2022 fieldwork, a 14-line kilometer 3D induced polarization and magnetotelluric survey was designed to improve the understanding of the subsurface geology on the Telegraph project. The grid lines are oriented northeast to best test several features obliquely and complement the IP survey lines conducted in 2012, the company said.
The current IP program will infill the 2012 lines to test the hypothesis that the northwest anomaly is an extension of the southeastern chargeability anomaly. If so, the high-grade mineralization identified in the Nirvana Bowl area is on strike with this southeast trend, Mountain Boy noted.
Contact Andrew Kessel at andrew.kessel@proactiveinvestors.com
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