STEWART, British Columbia, Oct. 26, 2017 (GLOBE NEWSWIRE) -- Mountain Boy Minerals Ltd (TSX-V:MTB) (Frankfurt:M9U) (“Mountain Boy”) reports that the 2017 drill program is ongoing on the Red Cliff property located in the “Golden Triangle” area of British Columbia. Exploration during the 2017 field season indicates that the Red Cliff property hosts a large mineralized system that has been traced for several kilometres.
Exploration to date has consisted of drilling, mapping, sampling and assaying additional core from the 2007-2012 programs. To date 5 holes were completed on the Red Cliff zone and 35 on the Montrose zone, approximately 1.2 km north from the first 5 holes. Results for the Red Cliff drilling and first 5 holes on the Montrose zone were released on September 27, 2017 (see SEDAR for details). Three holes out of the 35 on the Montrose zone were terminated after rod and bit loss in the holes due to faulting.
Highlights of the latest assays received include:
- Intersection of 14.93 g/t gold over 8.38 m in DDH-17-M0N-18.
- Intersection of 9.5 g/t gold over 10.98 m in DDH-17-M0N-27.
The drill has been moved from the north side of Lydden Creek and drilling of 8 to 10 holes will be completed on the Waterpump zone. In addition, a surveyor is creating a database with GPS locations for all holes as well as the elevations. This data in conjunction with all the drill hole assays will be used to create a new model that shows gold grade shells. The Company will also use the existing 2007-2012 and 2017 data to prepare a preliminary resource calculation that has never been done for the Montrose zone.
Drill results are summarized below for holes on the Montrose zone as follows:
| DDH No. | From(m) | To(m) | Width(m) | Gold g/t |
| DDH-MON-14 | 81.71 | 84.76 | 3.96 | 4.95 |
| DDH-MON-15 | 14.63 | 17.28 | 2.74 | 3.8 |
| and | 21.65 | 23.78 | 2.13 | 3.31 |
| and | 29.27 | 31.40 | 2.13 | 6.12 |
| DDH-MON-16 | 5.79 | 14.94 | 9.14 | 6.63 |
| DDH-MON-17 | 17.38 | 26.52 | 9.15 | 6.21 |
| and | 28.81 | 29.57 | 2.59 | 7.01 |
| DDH-MON-18 | 35.98 | 43.90 | 7.93 | 4.95 |
| and | 49.70 | 58.08 | 8.38 | 14.93 |
| DDH-MON-26 | 258.54 | 261.59 | 3.05 | 4.93 |
| DDH-MON-27 | 290.15 | 298.48 | 10.98 | 9.50 |
Assay results for another 20 holes completed to date will be released once the Company receives them and tabulates the results. Results have not been received for holes prior to DDH-2017-MON-14 as well as holes drilled after DDH-2017-MON-18.
Ed Kruchkowski, president of the Company, states: “Results continue to indicate a large and extensive mineralized zone that has a length of at least 600 m, a depth of 600 m and widths up to 40 m. The Company is excited to be conducting the first ever resource calculation for this property located 2 km from power and a paved highway.”
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 Mountain Boy as he is the president of the Company.
