Bonanza Silver in MB Silver Property Drill Results
March 03 2008 - 9:00AM
PR Newswire (US)
Trading Symbol: TSX-MTB Frankfurt-M9U.F OTC-MBYMF STEWART, BC,
March 3 /PRNewswire-FirstCall/ -- Mountain Boy Minerals Ltd.
announces that it has received all the results for the drilling on
the MB silver property. A total of 27 holes tested 4 different
targets on the property. Highlights of the 2007 program include
2390 g/t silver over 2.44 meters in DDH-HG-19 and 818 g/t silver
over 3.05 meters in DDH-HG-17. Assays greater than 100 g/t for this
drilling are as follows:
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DDH No From To Width Ag Cu Pb Zn (m) (m) (m) g/t % % %
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2007-6 0.61 1.83 1.22 256.8 0.053 0.06 0.14
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2007-7 132.63 139.63 7.01 281.7 0.03 0.28 0.52
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HG-3 12.20 14.33 2.13 234.5 0.222 2.57 5.51
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HG-4 11.89 14.33 2.44 328.0 0.30 1.09 3.18
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HG-13 3.66 6.71 3.05 408.8 0.08 0.33 0.35
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HG-17 2.13 5.18 3.05 818.0 0.141 0.46 0.44
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HG-18 2.13 8.23 6.1 315.0 0.06 0.065 0.14
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HG-19 3.09 8.54 5.49 1617.2 0.28 0.38 0.30
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including 6.10 8.54 2.44 2390 0.307 0.55 0.26
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HG-20 4.33 6.71 2.38 308.07 0.09 0.11 0.17
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DDH-2007-7 tested the Mann vein, DDH-2007-6 was designed to test
the North vein and the HG drill holes were deigned to test the High
Grade vein. The HG holes were drilled off a pad blasted out of a
steep hillside, 15 meters north of the 2006 drilling. The 2006
drilling intersected 5.18 meters of 5258 g/t silver, 0.66 % copper,
0.05 % lead and 0.05 % zinc in DDH-2006-10 and 8.53 meters of 2260
g/t silver, 0.404 % copper, 0.48 % lead and 0.56 % zinc in
DDH-2006-19. The 2007 drilling indicated that the High Grade vein
trended up hill away and up dip from the drill site. The
intersection on the Mann vein in DDH-2007-7 is 150 meters south of
underground workings and indicates an extension into an area that
has been untested in the past. Drilling in 2008 will further test
the High Grade, Mann and Demann vein to add resources. One area to
be tested will be the sulphide zone in the Cameron tunnel on the
Mann vein that gave 3.4 meters of 398.8 g/t silver, 0.151 % copper,
0. 80 % lead and 2.16 % zinc. Sampling on surface 30 meters above
this zone gave 3.65 meters of 1200 g/t silver, 0.129 % copper, 2.5%
lead and 0.18 % zinc. Replacement type mineralization on the
property consists of at least seven main and four minor replacement
zones tested with trenches, previous open cuts, limited diamond
drilling and/or adits in the past. The mineralization occurs along
wide bodies that are up to 15 meters thick consisting of mainly
barite, quartz, jasper, carbonates and sulfides with local native
silver. Acanthite (silver sulphide) and stromeyerite (silver-copper
sulphide) occur as veinlets, stringers and lenses in the High Grade
and No 3 vein, giving rise to bonanza style grades. Between 1929
and 1938, the MB property produced 60 tons of hand cobbed material
that yielded an average 546.8 oz/ton silver, 3.2 % copper and 3.15
% lead per ton of ore. In 1940, mining extracted 3.08 tons grading
an average 0.09 oz/to gold, 248 oz/ton silver, 2.2 % copper, 4.9 %
lead and 5.8 % zinc. In 1999, Mountain Boy Minerals extracted a
13.6 tonne (15 ton) sample from the High Grade vein with results
from the smelter indicating a value of 18,854-grams/tonne silver
(550 oz/ton), 1.1 % zinc and 2.5 % lead for this shipment. In
drilling during 2006, a total of 5.18 meters assaying 5258.0
g/tonne silver was intersected in DDH-2006-10. Based on the surface
and underground sampling and drilling, an indicated resource
totaling 105, 555 tonnes grading 0.064 % copper, 0.69 % lead, 2.01
% zinc, 208.9 g/t silver and 13.59 % barite has been outlined in a
very small portion of three different veins. A complete report is
filed on Sedar dated June 20, 2003. The potential exists for
several million tonnes of mineralization as exploration has been in
a small limited area on several vein structures. E. Kruchkowski, P.
Geo. is the qualified person under National Instrument 43-101 and
is in charge of the exploration programs on behalf of the company.
Mountain Boy Minerals Ltd is a Canadian based mineral exploration
company whose activities are in the Stewart and McKenzie areas of
BC. In the Stewart area, it is actively exploring for
gold-silver-base metals on the Silver Coin project, silver-base
metals on their American Creek and BA properties, copper-gold on
the Red Cliff and George Copper properties, gold-silver on the FR,
Dunwell, Ben Ali, LRJ and GRD properties and in the McKenzie areas
for porphyry molybdenum and copper-nickel-platinum group metals. ON
BEHALF OF THE BOARD "Ed Kruchkowski" Ed Kruchkowski, Director
CONTACT: visit the website at http://www.mountainboyminerals.ca/
DATASOURCE: Mountain Boy Minerals Ltd. CONTACT: visit the website
at http://www.mountainboyminerals.ca/
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