Trading Symbol: TSX –MTB
STEWART, BC, Aug. 24, 2016 /CNW/ - Mountain Boy Minerals Ltd.
("Mountain Boy") reports that it has transferred 50 % of the BA
claims in the "Golden Triangle" area to its JV partner, Great Bear
Resources Ltd ("Great Bear") as outlined in a 2010 option
agreement. Under terms of this agreement, Great Bear has
transferred a 50 % ownership in the Surprise Creek claims to
Mountain Boy. The 2 properties cover approximately 40 km of a
potential Kuroko type silver rich massive sulphide horizon that has
been outlined in at least 6 different locations. At present,
Mountain Boy is following up on a zone discovered by geologist,
Alex Walus in 2007 and further
defined by Great Bear in 2010. This zone called the "Rumble Zone"
is a wide barite rich exhalative horizon with
galena-sphalerite-minor chalcopyrite and minor pyrite. The zone
appears to be up to 60 m true width with narrower sections that
contain 25-30 % sulphide. Boulders up to 1 m in diameter with the
heavy sulphide have been discovered at the base of the zone shown
in the photo. Based on results of the surface sampling, drilling
may be planned for later in 2016. A photo of the rusty appearing
"Rumble Zone" is shown below. The zone shown is exposed over at
least 600 m of height and locally over 60 m in width.
Ed. Kruchkowski, P. Geo., a qualified person under National
Instrument 43-101, is in charge of the exploration programs on
behalf of the Company and is responsible for the contents of this
release. E. Kruchkowski is not independent of Decade as he is a
director of the Company.
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 20% of the Silver Coin project, a
gold-silver-base metals project that has a 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 a complete listing of the Company assets and
developments, visit the Company website at
www.mountainboyminerals.ca. For investor information please
call 250-636-2264.
ON BEHALF OF THE BOARD OF MOUNTAIN BOY MINERALS LTD.
"Ed Kruchkowski"
Ed Kruchkowski, President,
Director
"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."
"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."
SOURCE Mountain Boy Minerals Ltd.