Mountain Boy Minerals invited to present at Oilfields Minerals Conference, Texas
April 18 2018 - 2:09PM
Mountain Boy Minerals Ltd (TSX-V:MTB)
(Frankfurt:M9U)
(“Mountain Boy”) is pleased to
report that it recently attended the Kamloops Exploration Group
(“KEG”) meeting and will be attending the Oilfields Minerals &
Markets Forum (“OMMF”) in Houston, Texas. Mr. Lawrence Roulston and
Mr. Rene Bernard, Directors of Mountain Boy, attended the KEG
meeting and Mr. Roulston will be attending the OMMF conference from
May 6th to 8th, 2018.
Due to the importance of new sources of the
mineral barite to oilfield service companies, the OMMF organizers
added a session on emerging barite sources and invited Mountain Boy
to present the details of the barite found on its Surprise Creek
project.
The Surprise Creek property covers an area of
approximately 12 km of known VMS (“Volcanogenic Massive Sulphide”)
style mineralization generally hosting copper, zinc and lead, with
some gold and silver. Folding within the Surprise Creek claims has
resulted in repeated sections of prospective VMS horizons.
Anticlinal structures have resulted in the prospective VMS horizon
being present along both the west and the east sides of the
Surprise Creek claims. There are at least six separate VMS boulder
trains or showings on the Surprise Creek property. The Company
website at www.mountainboyminerals.ca shows the location of the VMS
style of mineralization recent drill results.
Abundant barite is common on the Surprise Creek
property. It is a common constituent of Kuroko style VMS systems,
forming layers above the base metal-silver mineralization. To date
only 4 short drill holes have tested the barite rich portion of the
Ataman zone at the headwaters of Surprise Creek.
The barite in itself is significant as the
Company has demonstrated that a high quality product can be
achieved through floatation with significant base and precious
metal recovery in tests completed by SGS Canada Inc dated September
28, 2017. Barite is used by the oil and gas industry as a weighing
agent in drilling muds and there is a large production shortage in
North America. With increased oil and gas prices drilling
activities have increased and demand and prices for barite are
rising. With the deep water port of Stewart, B.C. within half an
hour of trucking from the deposit, Mountain Boy could compete on
the international markets. Barite is currently selling from US$120
to US$180 per ton depending on the location, and would add
considerable value to the economic potential of a silver/base metal
operation at Surprise Creek. The world barite market is estimated
to steadily increase from US$2.2 billion in 2016 to US$4.1 billion
by 2024 according to Global Market Insights, Inc. of Delaware,
USA.
Further information on the OMMF can be found on
its webpage at
http://imformed.com/get-imformed/forums/oilfield-houston-2018/programme/
Ed Kruchkowski, P. Geo., a qualified person
under National Instrument 43-101 has reviewed the geological
sections of this news release.
About Mountain Boy Minerals
Ltd.
Mountain Boy Minerals Ltd. is a Canadian based
mineral exploration company with a diverse property portfolio
within the Stewart region located in the very prolific area of
British Columbia’s Golden Triangle. It owns 20% of the Silver Coin
project, a gold-silver-base metals project that has a NI43-101
compliant resource estimate. Mountain Boy is also exploring
silver-base metals on its American Creek and Bear Valley
properties, as well as copper-gold on its 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 604-687-3520.
ON BEHALF OF THE BOARD OF MOUNTAIN BOY MINERALS LTD.
Mark T. Brown CPA, CAChief Executive Officer
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 contains forward–looking
statements related to the anticipated closing of the royalty
purchase. Forward-looking statements address future events and
conditions and therefore involve inherent risks and uncertainties,
including risks related to receipt of required regulatory approval
and general transaction closing risk. Actual results may differ
materially from those currently anticipated in such statements. The
Company expressly disclaims any intention or obligation to update
or revise any forward-looking statements whether as a result of new
information, future events or otherwise except as otherwise
required by applicable securities laws.
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