2008 Drill Results for the Silver Coin Project
November 12 2008 - 1:38PM
PR Newswire (US)
Trading Symbol: TSX-MTB Frankfurt-M9U.F OTC-MBYMF STEWART, BC, Nov.
12 /PRNewswire-FirstCall/ -- Mountain Boy Minerals Ltd. and
Pinnacle Mines announce that the 2008 drill program at the Silver
Coin gold property has extended the area of known mineralization as
well as completed infill drilling in the area of known resources. A
total of 88 holes were drilled on the property this year and assays
have been received for 60 holes to date. The 2008 drill program was
designed to add precious metals resources and to improve the
resource categories already established in an April 2007 resource
calculation by Minefill Services Inc. of Seattle, WA. The April
2007 Report included holes that were drilled to the end of 2006.
Snowden Engineering of Vancouver, BC has already begun work on an
updated 43-101 compliant resource calculation and technical report
which will incorporate assay results for both the 2007 and 2008
exploration seasons. This April 2007 report indicates that the
property has 488,202 gold equivalent (Au-Ag) ounces in the measured
and indicated category as well as 1,000,499 gold equivalent ounces
in the inferred category. Silver Coin is a gold-silver-base metals
property located about 24 kilometers north of Stewart, British
Columbia in the Skeena Mining Division. The area of known
mineralization extends for at least 1.5 kilometers from the Idaho
claim, across the Kansas claim on to the Big Missouri claim and
then ending on the Silver Coin 10 claim. Mineralization is hosted
in a breccia zone up to 200 meters wide bound by 2 faults. Gold and
silver values are associated with silicification plus or minus
galena, sphalerite, chalcopyrite and pyrite. The Silver Coin
project and associated mineral claims is a 51-49% owned joint
venture between Pinnacle (51%) and Mountain Boy (49%) except for
the Kansas Claim which Pinnacle owns 70.6% of and Mountain Boy
29.4%. Drill testing has only been completed on 700 meters of
strike length on the mineralized breccia to date with testing on
the Kansas claim completed. The 2008 season started with Hole 222
and ended at Hole 310. Over 12,600 meters of diamond drilling was
completed this season. Below is a chronological breakdown of all
diamond drill results received so far this year with another 28
holes from the Big Missouri claim pending assays. Gold is the
primary metal on the Silver Coin property. Chronological hole
numbers not reflected in this chart are awaiting assays.
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From To Width Gold Silver Lead Zinc Claim
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DDH # (m) (m) (m) (g/t) (g/t) (%) (%) Tested
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SC08-222 32.00 39.62 7.62 0.95 3.52 0.08 0.19 Silver Coin 4
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SC08-223 32.61 41.76 9.15 1.19 9.90 0.05 0.51 Silver Coin 4
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SC08-229 32.00 59.44 27.44 0.82 0.40 0.03 0.28 Silver Coin 2
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SC08-230 no significant results Silver Coin 9
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SC08-231 69.19 72.24 3.05 3.30 2.20 (less 0.02 Silver than) Coin 9
0.01
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SC08-232 66.45 78.64 12.19 12.66 24.46 0.3 0.77 Kansas
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including 66.45 71.02 4.57 32.00 53.39 0.57 1.34 Kansas
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and 69.49 71.02 1.52 81.57 128 1.29 2.91 Kansas
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SC08-233 63.09 105.46 42.37 6.26 11.27 0.20 0.50 Kansas
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including 69.19 81.38 12.19 18.16 31.58 0.64 1.45 Kansas
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SC08-234 76.2 105.16 28.96 2.05 3.32 0.03 0.08 Kansas
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including 96.01 99.06 3.05 8.88 4.1 0.01 0.01 Kansas
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SC08-235 no significant results Kansas
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SC08-236 55.17 63.4 8.23 1.54 3.16 0.16 0.39 Kansas
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SC08-237 53.95 99.67 45.72 3.78 11.55 0.38 0.92 Kansas
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including 82.91 96.62 13.71 8.23 10.94 0.15 0.55 Kansas
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and 87.48 90.53 3.05 22.58 16.8 0.15 0.31 Kansas
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SC08-238 69.19 96.62 27.43 1.25 3.14 0.03 0.04 Kansas
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SC08-239 72.85 85.04 12.19 3.62 8.11 0.3 0.51 Kansas
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SC08-240 78.33 114.91 36.58 2.27 8.53 0.05 0.21 Kansas
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SC08-241 84.43 108.81 24.38 0.72 3.56 0.10 (less Kansas than) 0.01
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SC08-242 5.18 11.58 6.4 1.57 10.94 0.44 1.20 Kansas
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and 51.21 78.64 27.43 1.21 0.5 0.04 0.19 Kansas
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SC08-243 93.88 136.55 42.67 4.14 5.11 0.08 0.18 Kansas
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SC08-244 88.09 97.23 9.14 1.40 4.63 0.04 0.33 Kansas
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SC08-245 68.88 130.15 61.27 1.78 3.1 0.03 0.07 Kansas
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including 70.71 72.54 1.83 31.07 35.5 0.02 (less Kansas than) 0.01
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SC08-246 110.03 117.65 7.62 3.90 5.22 0.06 0.06 Kansas
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SC08-247 94.18 118.57 24.39 2.96 9.02 0.12 0.40 Kansas
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including 107.9 114 6.1 8.13 24.15 0.24 1.06 Kansas
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SC08-248 117.96 154.53 36.57 1.20 2.21 0.05 0.16 Kansas
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SC08-249 93.27 138.99 45.72 1.27 5.70 0.05 0.11 Kansas
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SC08-250 54.56 85.04 30.48 1.38 5.09 0.08 0.18 Kansas
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SC08-251 no significant results Kansas
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SC08-252 89.92 96.01 6.09 1.05 5.50 0.08 0.18 Kansas
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SC08-253 101.8 114 12.2 1.70 6.96 0.11 0.22 Kansas
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including 112.47 114 1.53 9.15 20.08 0.53 1.12 Kansas
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and 152.1 161.24 9.14 1.27 14.6 0.13 0.25 Kansas
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SC08-254 27.13 36.27 9.14 1.98 11.0 0.02 0.06 Kansas
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and 75.9 95.71 19.81 1.08 6.46 0.07 0.23 Kansas
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including 75.9 78.94 3.04 4.09 13.9 0.31 0.98 Kansas
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SC08-255 121.31 125.88 4.57 3.27 8.83 0.02 0.13 Kansas
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SC08-256 69.49 142.34 72.85 1.55 4.39 0.11 0.24 Kansas
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including 122.83 142.34 19.51 4.25 4.50 0.17 0.32 Kansas
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SC08-257 81.69 87.78 6.09 0.89 25.9 1.09 1.49 Kansas
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SC08-258 57.3 154.84 97.54 1.14 3.85 0.03 0.06 Kansas
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including 135.03 153.31 18.28 3.73 6.03 0.07 0.13 Kansas
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SC08-259 69.49 118.26 48.77 0.84 3.81 0.06 0.05 Kansas
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SC08-260 151.79 191.41 39.62 0.98 4.07 0.05 0.16 Kansas
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SC08-261 53.95 71.93 17.98 1.00 9.35 0.26 0.61 Kansas
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and 87.48 88.39 0.91 4.08 8.40 0.21 0.62 Kansas
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SC08-262 57.61 70.1 12.49 2.35 10.96 0.05 0.10 Kansas
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SC08-263 57.00 60.05 3.05 2.04 6.90 0.06 0.17 Kansas
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SC08-264 51.21 78.64 27.43 5.40 12.00 0.32 0.60 Kansas
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including 54.25 58.52 4.27 18.65 10.37 0.06 0.19 Kansas
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SC08-265 2.13 5.18 3.05 1.27 0.80 0.02 0.04 Kansas
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and 72.24 75.29 3.05 2.69 9.80 0.07 0.08 Kansas
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SC08-266 no significant results Kansas
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SC08-267 44.81 47.85 3.04 3.80 3.90 0.02 0.04 Kansas
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and 87.48 114.91 27.43 1.26 3.75 0.13 0.25 Kansas
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SC08-270 93.88 123.75 29.87 0.88 8.83 0.17 0.55 Kansas
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including 121.31 123.75 2.44 2.93 40.4 1.01 3.48 Kansas
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SC08-271 57.00 175.87 118.87 1.05 4.32 0.07 0.18 Kansas
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SC08-272 70.71 75.29 4.58 1.78 85.97 0.26 0.63 Kansas
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and 116.43 145.39 28.96 1.89 14.26 0.17 0.40 Kansas
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SC08-273 54.86 65.53 10.67 1.24 13.34 0.08 0.12 Kansas
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SC08-274 123.44 205.74 82.3 2.14 6.39 0.08 0.16 Kansas
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including 163.07 190.5 27.43 4.39 6.97 0.09 0.23 Kansas
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SC08-278 110.95 115.52 4.57 4.35 6.40 0.11 0.37 Big Missouri
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SC08-281 85.04 200.86 115.82 1.66 6.20 0.06 0.14 Kansas
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SC08-282 135.64 181.36 45.72 8.86 70.81 0.14 0.35 Kansas
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including 142.95 144.78 1.83 58.66 278.10 1.17 3.25 Kansas
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and 160.02 166.12 6.1 31.51 391.70 0.21 0.46 Kansas
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SC08-283 66.14 87.48 21.34 0.87 4.87 0.08 0.16 Kansas
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and 142.34 154.53 12.19 1.00 2.38 0.02 0.03 Kansas
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SC08-284 149.35 191.72 42.37 0.83 4.62 0.07 0.21 Kansas
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SC08-285 38.71 44.81 6.1 1.91 2.00 0.02 0.06 Kansas
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and 121.01 157.58 36.57 1.89 8.22 0.03 0.06 Kansas
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SC08-286 22.56 37.8 15.24 1.70 9.14 0.42 1.09 Big Missouri
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and 62.18 80.47 18.29 1.24 6.03 0.03 0.11 Big Missouri
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SC08-287 15.24 73.15 57.91 1.20 3.91 0.10 0.23 Big Missouri
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including 25.91 33.53 7.62 3.05 10.00 0.29 0.52 Big Missouri
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SC08-288 50.90 66.14 15.24 1.84 1.58 0.02 0.09 Big Missouri
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including 57.00 60.05 3.05 4.26 2.30 0.02 0.04 Big Missouri
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SC08-293 12.19 51.82 39.63 0.82 0.80 0.01 0.03 Big Missouri
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including 39.62 51.82 12.2 1.80 0.06 0.01 0.03 Big Missouri
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SC08-294 21.34 106.68 85.34 0.91 2.84 0.03 0.08 Big Missouri
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including 21.34 36.58 15.24 2.64 2.38 0.03 0.09 Big Missouri
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SC08-297 97.54 108.2 10.66 1.33 4.88 0.08 0.15 Big Missouri
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SC08-301 15.85 44.81 28.96 1.11 20.99 0.14 3.18 Big Missouri
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SC08-301A 14.33 90.53 76.2 1.15 51.18 0.14 3.89 Big Missouri
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including 24.99 64.62 39.62 1.34 66.11 0.21 5.31 Big Missouri
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Metallurgical studies of sample material from the property started
in September and a final report is expected soon. Preliminary
results from these studies are very encouraging and show recoveries
in the high 90 percentile using a flotation recovery procedure.
Alex Walus P.Geo. is the qualified person overseeing the drill
program on behalf of the companies. Drill core samples are assayed
by Assayers Canada of Vancouver, BC. Mountain Boy Minerals Ltd is a
Canadian based mineral exploration company whose activities are in
the Stewart and McKenzie area of BC. It is actively exploring for
gold-silver-base metals on the Silver Coin project, silver-base
metals on their American Creek properties, copper-gold in the
Stewart area, porphyry molybdenum in the Stewart and McKenzie areas
and copper-nickel-platinum group metals in the McKenzie area. ON
BEHALF OF THE BOARD "Ed Kruchkowski" Ed Kruchkowski, Director
DATASOURCE: Mountain Boy Minerals Ltd. CONTACT: John Thornton at
(778) 855-7823, or Ed Kruchkowski at (250) 636-9232, or visit the
website at http://www.mountainboyminerals.ca/
Copyright