Topic: MTB/DEC/AUX - Mountain Boy Minerals (Read 155 times)
Plecotus Global Moderator Forum $upporter member is offline
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MTB/DEC/AUX - Mountain Boy Minerals « Thread Started on Sept 16, 2009, 10:23pm »
Bought some MTB today and yesterday. It has a JV with DEC. DEC has been running strong. MTB has been held back do to a pp that just closed and some selling by Canaccord. The Canaccord selling could be due to some insiders selling to participate in the DEC pp announced today.
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Re: MTB/DEC/AUX - Mountain Boy Minerals « Reply #1 on Sept 16, 2009, 10:24pm »
Decade arranges $1.4-million private placement
2009-09-16 17:28 ET - News Release
Mr. Andrew Bowering reports
DECADE RESOURCES LTD.: NON-BROKERED PRIVATE PLACEMENT TO RAISE $1,400,000 WITH THE MINERALFIELDS GROUP
Decade Resources Ltd. has agreed with the MineralFields Group to complete a private placement to raise proceeds of $1.4-million. It has been agreed the offering will comprise 1,573,034 flow-through units at a price of 89 cents per unit. The units will comprise one common share and one-half of one non-flow-through warrant, with each whole warrant being exercisable for the purchase of an additional share, at a price of $1 per share, for a two-year period.
The company has agreed to pay a cash commission of 5 per cent of the proceeds raised and a warrant equal to 10 per cent of the units sold, exercisable at a price of 89 cents per unit for a two-year period.
Non-brokered private placement to raise up to an additional $400,500
The company is also pleased to announce it will undertake an additional private placement of up to 450,000 flow-through units to raise an additional $400,500, on the same terms as the MineralFields private placement. Management of the company will subscribe for the majority of this private placement. No finders' fees are payable in connection with management's investment.
Proceeds of the offerings will be expended on mineral exploration on the company's Red Cliff property. The private placements remain subject to receipt of necessary stock exchange approvals.
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Re: MTB/DEC/AUX - Mountain Boy Minerals « Reply #2 on Sept 16, 2009, 10:25pm »
Decade drills 28.35 m of 7.3 g/t Au at Red Cliff
2009-09-14 11:15 ET - News Release
Also News Release (C-MTB) Mountain Boy Minerals Ltd
Mr. Ed Kruchkowski of Decade reports
DRILLING INTERSECTS 28.4 METERS OF 7.3 GRAMS/TONNE GOLD IN DDH-MON-2009-3
Decade Resources Ltd. has completed nine diamond drill holes testing the Montrose zone on the Red Cliff project in northwestern British Columbia. Crews are presently completing DDH-Mon-2009-10. Previous work, conducted in 1989, described the Montrose zone as a conformable zone of chlorite-sericite altered tuff with stockwork mineralization consisting of quartz-sulphide and having an overall north striking trend with a vertical to 85-degree dip to the west. The recent work by Decade, north of Lydden Creek, previously undrilled, indicates the structure is striking further northwest than first thought. In addition, visual analysis of DDH-Mon-2009-9 indicates a large mineralized intrusive is present below the main mineralized zones.
During this season's program, four holes (DDH-Mon-2009-1 to DDH-Mon-2009-4) were completed on the first pad and were drilled from northeast to southwest such that both east-west-striking and north-south-striking stringer mineralization was intersected along the holes. These holes were also set up to determine the strike and width of mineralization. All of the first holes were stopped short of defining the overall mineralized width, ending in mineralization. DDH-Mon-2009-2 had 11.59 grams per tonne gold in the last interval and DDH-Mon-2009-4 had 7.4 grams per tonne gold over the last drilled interval.
Drill holes DDH-Mon-2009-5 and DDH-Mon-2009-6 are located 30 metres south of the first pad with holes angled southwest to northeast to test for depth and southern extensions of mineralization intersected near the top of the first four holes. The two holes have similar mineralization to that in DDH-Mon-2009-1 through DDH-Mon-2009-4 with a quartz-chalcopyrite-pyrite stockwork carrying local fine visible gold. DDH-Mon-2009-7 and DDH-Mon-2009-8 were drilled 100 metres north of the first pad and were angled northeast to the southwest.
DDH-2009-9 and DDH-Mon-2009-10 are collared 30 metres north and 15 metres east of DDH-Mon-2009-1 to 4. Both holes are drilled parallel to DDH-Mon-2009-2 (stopped short with end of hole assay results returning 11.59 grams per tonne gold) and to greater depth, to determine the extent of the mineralized zone in the area. Of particular importance, DDH- Mon-2009-9, drilled to 280 metres on a minus 60-degree dip intersected a silicified and heavily pyritized intrusive at depth to the west of and just beneath the indicated gold bearing zone.
Based on drilling to date, the Montrose zone is interpreted as being 20 to 30 metres in width with a northwest strike conformable to the overall mineralized trend in the Stewart region. Sections and drill locations will be posted on the website which is under construction.
Recent fieldwork by Decade has identified Premier porphyry rocks on the property. The Premier porphyry rocks are associated with the mineralization of the Silbak Premier mine located eight kilometres from Red Cliff on the west side of the Bear River Ridge. The Red Cliff property is on the east side of the ridge. The Silbak-Premier mine has produced over two million ounces of gold.
Gold assay results for the next two holes completed in the 2009 program are shown in the attached table.
ASSAY RESULTS
From To Interval Au DDH (m) (m) length(m) (g/t)
Mon-2009-3(1) 46.04 53.96 7.93 3.1 and 74.39 102.74 28.35 7.3 including 93.6 97.26 3.66 24.05 Mon-2009-4(2) 22.17 60.06 28.41 5.78
1. Section with galena wisps and stringers in east wall of quartz-chalcopyrite-pyrite stockwork zone. 2. Non-assayed final 18.3 metres of the hole will be cut and assayed as the last assay section gave 8.18 grams per tonne gold over 4.48 metres.
Ed Kruchkowski, PGeo, a qualified person under National Instrument 43-101, is in charge of the exploration program on behalf of the company. All samples are assayed by Assayers Canada of Vancouver, B.C.
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Re: MTB/DEC/AUX - Mountain Boy Minerals « Reply #3 on Sept 16, 2009, 10:25pm »
Decade, Mountain Boy drill 32.5 m of 7.5 g/t Au
2009-09-03 12:42 ET - News Release
Also News Release (C-MTB) Mountain Boy Minerals Ltd
Mr. Ed Kruchkowski of Decade reports
DRILLING EXTENDS BONANZA GOLD BEARING MONTROSE ZONE 500 METERS 32.5 METRES GRADING 7.5 GRAMS PER TONNE GOLD
Decade Resources Ltd. and Mountain Boy Minerals Ltd.'s diamond drilling has intersected wide zones of gold mineralization in an extension to the bonanza-gold-bearing Montrose zone on the Red Cliff property in northwestern British Columbia. Locally fine visible gold is associated with a stockwork of quartz-chalcopyrite-pyrite stringers occurring along a 30-metre-wide shear zone. Strong disseminated and fracture-filled pyrite mineralization as well as galena-sphalerite-visible gold form an envelope to the above stockwork mineralization. The only surface exposures of the Montrose zone occurring along the canyon walls of Lydden Creek are up to 30 metres wide. The present area of drilling is 500 metres north of this exposed zone that was high graded during previous activities. Drilling is continuing along strike to the north.
Gold assay results for the first two holes completed in the 2009 program are in the table.
From To Interval Au DDH (m) (m) length g/t (m) Mon-2009-1 29.98 62.50 32.52 7.53 Including 35.77 38.72 2.95 14.89 including 59.60 62.50 2.90 45.77 Mon-2009-2 57.62 106.10 48.48 4.17 Including ** 100 106.10 6.10 13.32
** Hole lost due to caving within drill hole above gold-bearing zone.
Assay results within the gold-bearing zone in DDH-Mon-1 average 26.68 metres of 2.57 g/t gold once intervals of 14.89 and 45.77 grams per tonne (g/t) gold are excluded. Also in DDH-2009-2, 6.01 metres of 1.92 g/t gold was intersected from 43.9 to 49.91 metres in a parallel zone to that shown above. True width of the zone is unknown at present as gold values are related to both east-west and north-south stringers within the overall north-trending zone that is at least 30 metres wide. Assay results for silver and base metals are pending and will be released when available.
In 1939 to 1941, 65 tons averaging 69.27 g/t gold (2.45 ounces per ton Au), 83.4 g/t silver (2.95 ounces per ton Ag), 0.91 per cent Cu, 3.5 per cent Pb and 4.41 per cent Zn were mined on the Red Cliff property along the east side of the Montrose zone. Work in the area of high grading during a previous operator's 1979 surface sampling program over a partial portion of the zone yielded 19.31 g/t Au over 2.43 m and 1987 surface sampling gave 7.93 g/t Au over 3.81 m. In 1988, trenching on the Waterpump zone, the south fault extension of the Montrose zone, approximately 50 metres south of the 1939-1941 mining area gave values consisting of 21.37 g/t Au over 4.2 m and 6.89 g/t Au over 3.3 m with 2.0 m of dike between the values. Across the entire zone including the dike, the sampling yielded an average of 12.07 g/t Au over 8.5 m.
Decade is earning a 60-per-cent interest in the Red Cliff by spending $500,000 on the property before the first anniversary date of the agreement, $500,000 during the second year and $250,000 during the third year. Pursuant to a recent agreement, Mountain Boy has granted Decade the right to earn an additional 20 per cent in the project bringing its interest to 80 per cent. In order to earn the additional 20 per cent, Decade will, subject to regulatory approval, issue 250,000 shares on signing of the second agreement, spend $3-million in the two years subsequent to its 60-per-cent earn-in, pay $100,000 within six months of signing the new agreement and pay $500,000 upon earn-in of the 80-per-cent interest.
E. Kruchkowski, PGeo, a qualified person under National Instrument 43-101, is in charge of the exploration program on behalf of the company. All samples are assayed by Assayers Canada of Vancouver, B.C.
Joined: Jan 2007 Gender: Male Posts: 1,495 Karma: 18
Re: MTB/DEC/AUX - Mountain Boy Minerals « Reply #5 on Oct 5, 2009, 12:48am »
Plec!
Congratulations on that move. Wish I checked in sooner.
My best move this year has been in Colossus (CSI) - just a small dice-roll position, but it'll pay for coffee. I don't know how much further it has to run, as I picked it up from a Jim Dines radio interview, by which time the move was probably already getting stale for his subscribers...
The time for socialism is over. Governments in deficit must shrink to their proper size.
Plecotus Global Moderator Forum $upporter member is offline
Joined: Jan 2007 Gender: Male Posts: 895 Location: Salt Lake City, Utah Karma: 13
Re: MTB/DEC/AUX - Mountain Boy Minerals « Reply #6 on Oct 5, 2009, 3:37pm »
Thanks, I sold the rest at .44. Bought a little at .39 and sold it at a loss a few days later. Overall it worked out great.
I think we are getting close to a market crash. These stocks are not moving they way that they should the past week on good news. It seems to be all sell the news.
Congratulations on that move. Wish I checked in sooner.
My best move this year has been in Colossus (CSI) - just a small dice-roll position, but it'll pay for coffee. I don't know how much further it has to run, as I picked it up from a Jim Dines radio interview, by which time the move was probably already getting stale for his subscribers...
Plecotus Global Moderator Forum $upporter member is offline
Joined: Jan 2007 Gender: Male Posts: 895 Location: Salt Lake City, Utah Karma: 13
Re: MTB/DEC/AUX - Mountain Boy Minerals « Reply #8 on Oct 8, 2009, 11:31am »
loaded back up on mtb. should have news end of next week.
Mountain Boy awaits Red Cliff assay results
2009-10-07 15:24 ET - News Release
Mr. Ed Kruchkowski reports
Mountain Boy Minerals Ltd. has been informed by Decade Resources Ltd. that 16 diamond drill holes have been completed on the Red Cliff project in northwestern British Columbia. Of the 16 holes, 11 were drilled north of Lydden Creek within the Waterloo crown granted claim. Assay results have been received and reported for drill holes DDH Monday 2009, one to DDH Monday 2009, six. Core logging, cutting and sampling are progressing with assay results for DDH Monday 2009, seven to DDH Mon 2009, 11 expected to be available within the next seven to 10 days.
Following completion of DDH Monday 2009, 11, the drill was moved from the north side of Lydden Creek to test approximately 700 metres south of discovery hole DDH Monday 2009, one on the Little Pat claim fraction while the company applies for permits to construct additional roads and drill pads to the north. A total of five holes, DDH, LP 2009 one to DDH ,LP 2009, five, were completed to test the zone in this area. While there are no indications of previous drilling in this area, chip sampling of a rusty rock face exposure in Lydden Creek during previous work in the 1980s returned 11.4 grams per tonne gold over 9.5 metres. Descriptions of the gold-bearing samples from the surface sampling indicated that gold values are associated with pyrite rather than chalcopyrite/pyrite as in holes DDH Monday 2009 one to six. Intersections of the zone in drill holes DDH LP 2009, one to five on the south side of Lydden Creek host a silicified rock with strong brecciation and associated pyrite filling the fractures. The brecciated rock is very similar to the west edge of the mineralized zone encountered in DDH Monday 2009, five and DDH Monday 2009, six where a silicified and brecciated rock with associated pyrite filling fractures assayed seven to 10 g/t gold over 10 metres peripheral to a gold bearing chalcopyrite/pyrite stockwork.
Investors and shareholders are advised to refer to photograph "Red Cliff Overview" at Decade's website or visit Mountain Boy's website for a graphic and pictorial presentation of the project and current workings. Previous activities and 2009 exploration have shown the occurrence of copper-gold and gold bearing zones over a vertical height of 400 meters and along a strike length of two kilometres. The main zones include the Montrose gold zone and the Red Cliff zone, an east-west trending copper-gold zone hosted in en echelon massive chalcopyrite-pyrite veins that have been explored at the lower elevations of the property. At present, Decade plans to continue exploration drilling as weather permits.
Given the property's location, low elevation and road access, management expects drilling to continue into November. In anticipation of more straining conditions, Decade has demobilized the skid mounted/shed housed drill used for all holes to date. Instead, two helicopter support drills operating from wood drill platforms are being mobilized to Red Cliff. The first drill was mobilized to the property on Oct. 6, 2009, and is situated on a platform constructed in Lydden Creek canyon. Drill holes completed off this deck are designed to test the full width of the Montrose zone within Lydden Creek and its depth extent beneath its exposure in the creek bottom. Ed Kruchkowski, P Geo, a qualified person under National Instrument 43-101, is in charge of the exploration program on behalf of the company. All samples are assayed by Assayers Canada of Vancouver, B.C. The company follows QA/QC program that includes the insertion of blanks and standards during sampling to ensure quality control in the assaying. Mountain Boy Minerals Ltd. is a Canadian-based mineral exploration company whose activities are in the Stewart and McKenzie area of B.C. 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.
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Re: MTB/DEC/AUX - Mountain Boy Minerals « Reply #9 on Oct 14, 2009, 9:36pm »
Decade Resources drills 19 holes at Red Cliff
2009-10-14 14:05 ET - News Release
See News Release (C-DEC) Decade Resources Inc
Mr. Ed Kruchkowski of Decade Resources reports
DECADE RESOURCES LTD.: RED CLIFF PROJECT UPDATE
Decade Resources Ltd. has completed 19 diamond drill holes on the Montrose zone within the Waterloo and Little Pat Fraction Crown-granted claims of the Red Cliff project, in northwestern British Columbia. Based on this year's drilling, the two main mineral zones, Montrose and Red Cliff, appear to be part of one big mineralizing event. This large mineralized zone's dimensions include:
1. Mineralization has been outlined over 1.5 kilometers of strike. This distance extends from the area of DDH-Mon-2009-1 to DDH-Mon-2009-11, and to the portals at the south end of the property along Lydden Creek. At the south end of the claims, parallel copper-gold zones are indicated in the portal area of the original Red Cliff mine workings. To date, exploration has only tested a very small portion of this system. 2. Mineralization extends from at least 200 metres above sea level at the portal area to over 725 metres above sea level in the area of DDH-Mon-2009-1 to DDH-Mon-2009-11. 3. Mineralization occurs in zones that are up to 30 metres wide.
Based on drilling to date, three separate mineralizing events appear to be present in the Montrose zone. These are:
1. An early stage of chlorite-sericite alteration followed by silicification. This altered rock was subsequently brecciated with minute fractures filled by up to 15 to 20 per cent pyrite. 2. A second stage of mineralization where quartz-chalcopyrite-pyrite and visible gold were emplaced as a stockwork zone along fractures in the silicified, pyritic rock. 3. Late-stage galena-sphalerite-chalcopyrite-pyrite-visible-gold mineralization along the eastern edge of the Montrose zone. Massive galena and pale yellow sphalerite form veins up to three or four centimetres wide in a three- to five-metre-thick zone. Sulphides may form up to 15 to 20 per cent of the galena rich portions.
At present, the drill is completing holes from a wooden drill deck within Lydden Creek in order to provide gold tenor across the indicated 30-metre-wide Montrose zone, as well as providing information on continuity and depth extent of the mineralization. This drill will test an area approximately 100 metres in length along the valley floor, as well as 200 to 300 metres of depth.
The company completed six holes on the Little Pat Fraction to test the Montrose zone in this area. Within the holes, a dark chloritic rock that is silicified with strong fracture-controlled pyrite was intersected in the Montrose zone over 20-metre widths. The drill used to complete these holes has been demobilized and two other drills were brought to the property in order to drill from the wooden drill decks.
Samples from DDH-Mon-2009-7 to DDH-Mon-2009-11 are at the assay laboratory and results are expected to be released within the next seven days. Core logging and cutting is progressing, with the insertion of blanks and standards to ensure quality control in the assaying.
At present, weather conditions are good and drilling is expected to continue for several weeks, as the weather permits.
Ed Kruchkowski, PGeo, a qualified person under National Instrument 43-101, is in charge of the exploration program on behalf of the company. All samples are assayed by Assayers Canada of Vancouver, B.C.
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