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Mountain Boy Minerals receives exciting survey results supporting the large-scale porphyry potential of the Southmore copper-gold project

Published: 09:26 03 Jun 2022 EDT

close up of copper mineralization
Southmore is located in British Columbia’s Golden Triangle, close to several large porphyry deposits owned by majors like Teck Resources and Newmont Corporation

Mountain Boy Minerals Ltd (TSX-V:MTB, OTCQB:MBYMF) has reported results from a geophysical survey at its Southmore copper-gold project that it said further supports the large-scale porphyry potential of the project.

Information from the SkyTEM survey flown last fall was interpreted together with results from work in the early 1990s and from two field seasons by Mountain Boy’s geologists, the company said.

"The SkyTEM results supplement the information from the field work, supporting the premise that the widespread copper and gold values at Southmore could be related to a porphyry system,” Lucia Theny, vice president at Mountain Boy said in a statement.

READ: Mountain Boy Minerals continues data collection at Telegraph copper-gold property ahead of 2022 field season

Assays of up to 3.6 grams per tonne gold, 111 grams per tonne silver, 20.2% copper, 2.85% lead and 12.4% zinc were returned from the property.

Highlights from the survey results include a large magnetic high associated with intrusive rocks of the More Creek plutonic suite, and a semi-circular magnetic high that coincides with multiple outcrops of dykes. Mountain Boy said it is interpreting it to be part of the More Creek plutonic suite and suggests that the extent of this intrusive is much larger than indicated in the current mapping.

In the south-southeast side of the property is a very high amplitude, localized magnetic anomaly, which Mountain Boy said is the strongest magnetic response on the survey grid. The anomaly consists of two narrow, linear bodies, oriented north to northeast and each approximately 300 to 350 metres in length.

This anomaly is also associated with a high conductivity anomaly, Mountain Boy said.

"Compilation of airborne geophysical data with the historic geological mapping and sampling has provided excellent insight into where future exploration efforts should be directed,” CEO Lawrence Roulston told shareholders.

The near-terms plans include ground truthing the Number 4 and 5 high magnetic anomalies as well as alteration mapping using short wavelength infrared analysis and airborne gamma-ray spectrometry and further geochemistry.

Southmore is located in British Columbia’s Golden Triangle, close to several large porphyry deposits owned by majors like Teck Resources and Newmont Corporation, as well as the operating Red Chris copper-gold mine owned by Newcrest and Imperial Metals.

Contact Angela at angela@proactiveinvestors.com

Follow her on Twitter @AHarmantas

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