Mountain Boy Minerals Ltd.: Blackwater Area Claims Acquired
April 07 2011 - 12:14PM
Marketwired
Mountain Boy Minerals Ltd. (TSX VENTURE: MTB) ("Mountain Boy") and
Decade Resources Ltd ("Decade") are pleased to announce 3 separate
blocks of claims were jointly staked in early February in the
Blackwater region of BC. One block adjoins the discovery property
owned by Richfield Ventures Ltd. The companies acquired a total of
37,296.28 ha in 80 claims. The properties are readily accessible
along a well developed network of established forestry roads in the
area.
At Blackwater, disseminated gold-silver mineralization and
high-grade gold in shear-hosted veins is reported as being hosted
in Jurassic aged Hazelton Group rhyolites. Richfield has recently
announced exceptional drill results from its Blackwater Gold
Project, including 205m of 2.04 g/t Au (Reported in Stockwatch,
January 25, 2011), and 145 metres of 2.70 g/t Au (Reported in
Stockwatch, March 15, 2011). At a base case cut-off grade of 0.40
g/t Au, the estimated global indicated resource is 53.46 million
tonnes at an average grade of 1.06 g/t Au containing 1.83 million
ounces gold, with an additional 75.45 million tonnes at an average
grade of 0.96 g/t Au containing 2.34 million ounces gold in the
inferred category. New Gold is now acquiring all of the outstanding
common shares of Richfield.
Mountain Boy and Decade plan to explore the different claim
blocks as soon as weather conditions permit. The work will include
geochemical surveys, geological investigation and exploratory
drilling as dictated.
Ed Kruchkowski, P. Geo., a qualified person under National
Instrument 43-101, has prepared this release and is charge of the
exploration program on behalf of the companies.
About Mountain Boy Minerals:
Mountain Boy Minerals Ltd. is a Canadian based mineral
exploration company with diverse property and resource holdings
around the Stewart region in British Columbia's golden triangle. It
owns 30% of the Silver Coin project, a gold-silver-base metals
project that is having a new 43-101 compliant resource calculated.
The Company is also exploring silver-base metals on its American
Creek and Bear Valley properties as well as copper-gold on their
Stewart area claims.
For further information, please contact Company Investor
Relations at 604-681-0710, Ed Kruchkowski at 250-636-9232 or visit
the website at http://www.mountainboyminerals.ca (The Company
website is being changed at present and will be available
shortly).
ON BEHALF OF THE BOARD
Ed Kruchkowski, Director
"This news release may contain forward-looking statements.
Forward-looking statements address future events and conditions and
therefore involve inherent risks and uncertainties. Actual results
may differ materially from those currently anticipated in such
statements."
"Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release."
Contacts: Mountain Boy Minerals Ltd. Investor Relations
604-681-0710 Mountain Boy Minerals Ltd. Ed Kruchkowski 250-636-9232
250-636-9233 (FAX) www.mountainboyminerals.ca
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