Report #1

A large barite crystal from Elk Creek, North Dakota, USA, where the color of this industrial mineral in high demand gets intensively golden. In Canada‘s “Golden Triangle“ of British Columbia, Mountain Boy Minerals Ltd. sees potential for a large barite resource on its Surprise Creek Property. (Picture: Albert Russ)

Recently on June 2, Mountain Boy Minerals Ltd. (“MTB”) reported to have acquired an option to increase its 50% interest to 100% in the BA and Surprise Creek Properties located in the Golden Triangle of northwestern British Columbia, Canada.

According to the binding agreement with the optionor, MTB will issue 10 million shares and pay $1.3 million CAD in stages until August 2020, plus cash payments on achieving certain milestones towards establishing an economic resource (which could potentially amount to as much as $3.7 million CAD were both properties to go into production).

Considering this hefty sales price for 50% of 2 properties, a look into these projects may be worthwile. On top of that, it strikes the eye that on May 2, Wilfried Bernard filed an Early Warning Report on SEDAR describing that he, W&S Bernard Investment Ltd., Rene Bernard (son of Wilfried Bernard) and Sigrid Bernard have increased their equity positions in MTB by participating in the March 2017 private placement and subsequently by buying on the TSX Venture Exchange. As of April 28, the group held an aggregate of 26.7 million shares of MTB, representing 19.2% (non-diluted) of the company’s issued and outstanding shares. Together with convertible securities, exercisable to acquire an additional 8.25 million shares, the group’s stake amounts to 23.72% (partially-diluted). According to the filing, the group acquired the securities for investment purposes. On May 16, MTB appointed company Director Rene Bernard as the company’s new Executive Chairman.

Considering these material corporate developments, MTB appears to have laid the groundworks for some material developments going forward. Rockstone initiates coverage on MTB today to follow closely any potential future advancements of its projects, which may create substantial shareholder value as the company is currently valued at $9 million CAD. A first look into their assets is warranted.

Full version / The aptly named “Golden Triangle“: With an annual production of 320,784 oz gold and 15.5 million oz silver, the prolific Eskay Creek Mine from Barrick Gold was one of Canada‘s largest gold mines. Seabridge Gold, with its Deep Kerr Deposit (“the world‘s largest undeveloped gold project“) is besides Eskay Creek‘s eastern border. Further east is the 7 million ounce  high-grade gold Brucejack Deposit of Pretium Resources, with production to start in 2017. (Source)

Mountain Boy Minerals owns a diversified portfolio of gold, silver, base metals and industrial minerals projects in the “Golden Triangle” region of British Columbia, where the Stewart Camp became a world-class district with the historic Silbak-Premier Mine and Barrick’s farmed Eskay Creek Mine.

As MTB recently increased its stake to 100% in the BA and Surprise Creek Projects, the company may focus on these assets now. It would be less complicated to sign agreements with potential joint venture or strategic partners when MTB owns 100%, and not 50%, of these projects. On top of that, the zeolite project warrants increased focus.

BA and Surprise Creek

Once a large resource has been established for both BA and Surprise Creek, along with the extraction and beneficiation process shown to work, these projects could turn out to be highly valuable asset for the company and its shareholders. MTB’s focus will be to enlarge the resources by exploring for additional mineralization within this very large and prospective Kuroko-style VMS system. The Surprise Creek Property is located immediately north of Highway 37 and the BA Property is located immediately south of the highway. Both properties cover 2 massive zones of a Kuroko-style VMS deposit.

On the BA Property, a large VMS deposit of silver-lead-zinc is believed to exist (see figure below).

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On the Surprise Creek Property, a large VMS zone can be followed for some 30 km, with abundant showings of elevated grades of gold-silver-zinc-copper. The Ataman Sulphide Zone is over 600 m wide and can be traced for some 1.2 km up the hillside. Most interestingly, a barite-rich vein crops out for >20 m showing 50% barite plus base metals. At higher elevations, multiple other barite showings include wide high-grade zones. MTB has old core in hand for testing of metal recovery and barite specifications.

Most importantly, and what makes both these properties so attractive, is the direct access to the highway and thereafter to a deep-sea port, which has storage and bulk loading facilities and is approved for larger freighters (>60,000 t). Alternatively, a rail head is 208 km away with access to the Alberta oil and gas market. A power line exists within 8 km of the properties.

To date, only 2 holes were drilled in the Ataman Zone (in late 2016), one of which intersected 4.6 m of 4.31% zinc, 44.75 g/t silver, 0.33% copper and, most interestingly, 67% barite (BaSo4). This hole drilled around 47% BaSo4 over almost 19 m, a remarkable length, over which zinc grade average 1.21% along with 0.31% copper, 0.12 g/t gold and 28 g/t silver. Therefore, it’s the barite catching the attention, with precious and base metals being a potential by-product bonus.

Full version / The barite zones occur throughout the Ataman Zone which has bedded barite as well as along breccia and stockwork veins. The barite contains chalcopyrite, sphalerite and galena in amounts from trace to 7-10 %. Brecciated barite with minor galena can contain up to 297 g/t silver. The main barite zone is along the middle of the Ataman Zone which has been mapped over a height of 650 m, a width of 600 m and along strike for at least 1,200 m. The Ataman Zone is open along strike and depth, and is 1 of at least 3 other similiar mineral zones on the Surprise Creek Property.

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Barite: High Demand In North America But Domestic Deposits Are Rare

Current 2017 barite Alberta retail price for API 4.1 approx. $425 CAD/t (up from $150 in the 1990s, increasing to $350 in 2013).

According to Merchant Research & Consulting in “Barite: 2017 World Market Review and Forecast”:

• >80% of barite produced globally is used for drilling in the oil and gas industry (besides its applications in the production of plastics, chemicals, paints, etc.).

• China dominates the global barite market (about 44% of world total output), followed by India, Morocco, USA, Germany and UK. China and India are forecasted to continue being the largest suppliers.

According to Market Research Future in “Global Barite Market – Forecast to 2022”:

“Barite Market set for rapid growth and is estimated to grow at a CAGR over 12.7% by 2022. Global Barite Market has been evaluated to be rapidly growing and is expected to grow tremendously. The benefits such as superior properties like good stability, strong inertia & rigidity and high specific gravity etc. had increased their market globally. With numerous usage of barite, the global barite market is expected to increase in the future. Moreover, increasing demand in construction industry owing to the rising surge for paints is another factor that drives the global barite market growth over the forecasted period 2022. Automobile Industry is also increasing the demand for barite which is used in brakes, clutch plates and finishing coats to make them smooth and resistance to corrosion. All these things are expected to drive the market globally in coming years. Due to the non-toxic property of barite; it can be used in barium, which will further grow the barite market by 2022. Other application of barite is in medical equipment’s, electronic devices like computer, television and smartphone; all these are leading the growth of global market.“

Barite is now also being used in barium titanate energy storage capacitors, which makes it highly preferable for electric vehicle applications as an energy storage device, because “it can significantly reduce the size and weight of electronics while improving system performance and stability”. Some Chinese companies have just started to produce these new barium capacitors, as indicated by potential “scientific breakthrough revealing unprecedented alternative to battery power storage”.

According to Future Market Insights in “Barite Market: Global Industry Analysis and Opportunity Assessment 2014-2020” (August 2017):

“Barite is a mineral that is rich in barium. Barite commonly occurs in the large number of depositional environment and it is found in the zinc-lead veins in limestone, in the hot spring deposits and in the hematite ore. Barite is also found alongside meteorites. Barite is widely used as a weighting agent in the drilling muds. Most of the barite manufactured is used as a weighting agent in the drilling fluids that are used in the oil and gas exploration. Barites are mainly used to suppress the high formation fluids and also to prevent blowouts. The quantity of barite used is mainly dependent on the depth of the hole that has to be bored. The deeper the hole, more the barite is required. Barite is non-magnetic in nature and hence, it does not interfere with the magnetic measurements that are taken during boring the hole making barite an ideal choice for the drilling fluids. Considering the rapidly growing oil and gas drilling industry, the demand for barite is expected to record a strong growth in the coming years. India and China hold a dominant position in the barite supply and have increased prices significantly in the recent times. Owing to this, there is an increased focus on discovering and developing new barite resources across the world. While India and China are anticipated to dominate the barite production and export, mining projects in several stages of development are ongoing in countries such as Liberia, Kazakhstan, Mexico, and Zimbabwe. Some of the key participants of the barite market include Desku Group Inc., SMIMTAF, Shijiazhuang Oushun Minerals Products Co. Ltd., Shanghai Titanos Industry Co., Ltd., CMS Industries and V&P Corporation among others.”

According to USGS in “Barite 2017: Domestic [US] Production and Use”:

“In 2016, about 316,000 tons of domestically mined crude barite valued at an estimated $37.7 million was sold or used for grinding. Most of the production came from four mines in Nevada; a significantly smaller quantity came from a single mine in Georgia. An estimated 1.35 million tons of barite (from domestic production and imports) was sold by crushers and grinders operating in eight States. More than 90% of the barite sold in the United States was used as a weighting agent in fluids used in the drilling of oil and natural gas wells. The majority of Nevada crude barite was ground in Nevada and then sold to companies drilling in the Central and Western United States. Offshore drilling operations in the Gulf of Mexico and onshore drilling operations in other regions primarily used imported barite. In response to concerns about dwindling global reserves of 4.2-specific gravity barite used by the oil and gas drilling industry, the American Petroleum Institute issued an alternate specification for 4.1-specific gravity barite in 2010. This has likely stimulated exploration and expansion of global barite resources.“

Overall, barite appears to be one of the most attractive industrial mineral markets at the time being, and probably well into the future. This holds epscially true for companies developing barite projects in North America, first and foremost for Alberta’s rich oil and gas fields and/or for US petroleum production. Research shows that it would cost less than $1 million USD to ship barite on a Panamex-sized vessel (60,000 t) to the Gulf of Mexico via the Panama Canal, which would translate into costs of less than $17 USD/t. To transport barite via truck and rail to Calgary in Edmonton is estimated to be in the $75 USD/t range.

The Surprise Creek VMS Deposit has potential to host a large and world-class barite resource in form of sizeable veins at or near surface on a hillside. Drilling only 2 holes in late 2016 confirmed grades of up to 67% BaSo4 locally and averaging 47% BaSo4 over almost 19 m (hole DDH-2016-SC-2). The zinc, copper, silver and gold could contribute some handsome by-product credits. A new drilling program is warranted to start focusing on the barite in order to delineate a resource. In April, MTB announced to conduct metallurgical testing on core DDH-2016-SC-2 from the Ataman Zone:

“Testing will include flotation methods for recovery of the base metals followed by gravity testing of the tails for the recovery of barite. The Company believes that a barite product can be produced that will at least meet the requirements for drilling mud (92 % BASO4) and at best an industrial grade barite (>95 % BaSO4). It should be noted that the above barite zone remains open along strike and to depth from the intersection and full dimensions of the barite zone are unknown. The Ataman zone has been traced for at least 600m of width, 650m of height and an indicated length of 1200m. Numerous barite rich zones are indicated for the Ataman zone.”

There exist numerous other target areas on the Surprise Creek and BA Properties, with only a small fraction drill-tested to date. The potential for sizeable and high-grade barite resources is given. Surface sampling has indicated mineralization throughout the 600 m system at the Ataman Zone of Surprise Creek. High-grade sulphide lenses are also prime targets.

Full version / The Ataman Zone is a 600 m wide VMS zone which is part of a large system continuing through 3 valleys, all part of the Surprise Creek Property. The wide barite zones are part of this system, but mineralization is not limited to it. Mineralization recorded across and uphill the system at many different places, including float throughout the property. As only one short drill hole was completed, the property is wide open to future discoveries. The sulphide bodies, which carry high mineral values, are typically distant to barite occurrences. 

Barite within Kuroko-style VMS Deposits

According to James M. Frankling in “Volcanogenic Massive Sulfide Deposits”, Kuroko-style VMS deposits are “bimodal felsic-dominated”, with an average size and composition of 3.4 million t @ 1% copper, 4.4% zinc, 1.1% lead, 1.1 g/t gold and 56 g/t silver. Franklin lists Eskay Creek in BC’s “Golden Triangle” as a bimodal felsic type of VMS deposit and explains widespread barite deposition as follows: “Barite [is] restricted to post-Archean; seawater must have been oxidizing; extends for 100s of meters to 10s of kilometers.”

According to the University of Ottawa in “Volcanogenic Massive Sulfide Deposits” (2014):

“Bedded barite is also common in some Zn–Pb–Cu deposits... Ore-related gangue minerals comprise 20–40% of the mined material. Quartz, muscovite, chlorite, barite, gypsum, and carbonate are the dominant ore-related gangue, although nearly 70 different nonsulfide minerals have been identified in the ores and altered host rocks... Barite is present locally in some of the oldest deposits, but it does not become widespread or abundant in VMS until after 1.8 Ga, tracking the oxygenation of the late Precambrian oceans... Barite (BaSO4) is highly insoluble in seawater and readily coprecipitates with sulfides in response to mixing between Ba-rich hydrothermal fluids and cold, SO4-rich seawater. Barite is most abundant in deposits developed above felsic volcanic rocks or sediments that provided an enriched source of Ba.”

Below: Graphic representation of the lithological classifications modified from Barrie and Hannington (1999) by Franklin et al. (2005), with the addition of the hybrid bimodal felsic as a VMS-epithermal subtype of bimodal-felsic. Average and median sizes for each type for representative Canadian deposits shown, along with average grade.

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Statistics for VMS deposits grouped by lithologic class (Barrie and Hannington, 1999): (A) worldwide deposits; (B) Canadian deposits: 


Vollversion / Source: Geological Survey of Canada and University of Ottawa in “Volcanogenic Massive Sulphide Deposits“, mentioning also below about Eskay Creek and barite zones:
“In plan view, proximal alteration zones may form a halo up to twice the diameter of the massive sulphide lens (Fig.22), but with deposits such as Chisel Lake, Snow Lake camp, or Eskay Creek, British Columbia, footwall alteration can be volumetrically extensive and many times the diameter of the massive sulphide lens (Galley et al., 1993). The morphology of proximal alteration zones can vary widely, but generally they tend to widen in proximity to the paleoseafloor surface, suggesting more intensive interaction between shallowly circulating, or connate, seawater and an ascending hydrothermal fluid. The internal mineralogical zonation of the alteration zones is indicative of these mixing phenomena. A Fe-chlorite-quartz-sulphide±sericite± talc mineral assemblage is commonly associated with the core of stockwork vein mineralization, which becomes increasingly quartz- and sulphide-rich towards the lower contact of the massive sulphide lens. In some cases, talc and/or magnetite occur at the base of the massive sulphide lens and the top of the alteration pipe, as at several of the Matagami district VMS deposits, the Ansil deposit in the Noranda camp, and the Late Triassic Chu Chua deposit in the Slide Mountain terrane of British Columbia. The core zone is cloaked in a wider zone of Fe-Mg-chlorite-sericite, including phengite in the part of this zone that encompasses the immediate hanging wall to the massive sulphide lens. Outboard from this is a zone rich in sericite, phengite, Mg-chlorite, ±albite, ±carbonate, and ±barite. This outer zone may also encompass a portion of the hanging-wall strata above, and lateral to, the massive sulphide lens. In shallow-water environments (i.e. <1,500 m water depth), boiling may have occurred either in the upflow zone or in the immediate subseafloor. Depending on the extent of boiling, this can result in vertically extensive pyritic stockwork zones, possibly with widespread and intense sericitequartz-pyrite alteration. The extensive sericite-rich alteration system that underlies the Eskay Creek auriferous VMS deposit may be a product of extensive subsurface boiling of hydrothermal fluids, which resulted in the formation of lowtemperature (<200°C) Sb-Hg-As-Pb sulphosalt-rich ore lenses (Sherlock et al., 1999).“Full version / Mineral zonation commonly observed within VMS deposits; this zoning is largely a function of hydrothermal fluid temperature and composition. Temperature gradient results in the zoning of sulphide minerals within both the discordant stockwork zone and the conformable sulphide mound. From Lydon (1984). Source:  Geological Survey of Canada and University of Ottawa in “Volcanogenic Massive Sulphide Deposits“

Full version[“Fig.22“]: A schematic composite section through a VMS alteration system in the Bathurst mining camp as an example of a VMS proximal alteration zone metamorphosed to greenschist-grade mineral assemblages. From Goodfellow et al. (2003). Source:  Geological Survey of Canada and University of Ottawa in “Volcanogenic Massive Sulphide Deposits“

Other notable projects in which MTB owns a significant stake:

MB Silver

Project: silver-zinc-lead-barite

MTB Interest: 100%

Good access to MB Silver Property. Close to other properties from MTB. Drilling in 2011 intersected 396 g/t silver over 4.57 m and 117.98 g/t silver over 4.42 m. Since then, only a small program of surface sampling was conducted in 2016.

Silver Coin

Project: advanced-stage gold-silver-zinc

MTB Interest: 20%

Operator: Jayden Resources Inc. (80% interest; principal shareholders: Sprott and a Hong Kong based business man)

2010 Resource Estimate:

Measured & Indicated:
27.2 million t @ 0.96 g/t gold equivalent (835,700 oz gold + 5.2 million oz silver)

29.7 million t @ 0.69 g/t gold equivalent (655,200 oz gold + 5.7 million oz silver).

It was also concluded that zinc is potentially recoverable during the gold and silver processing, and estimated that within the gold/silver resource there is an Inferred resource of 56.8 million t zinc @ 0.19% (242 million lbs zinc).

In January 2017, Ascot Resources Ltd. announced a $20 million exploration and development program at its old (Silbak-)Premier Mine, a past producer of around 2 million oz gold and 45 million oz silver, located 3.5 km to the south of the Silvercoin Property with similar epithermal to mesothermal gold-silver with sulphide-bearing breccias and veins.

Full version / “Silver Coin is an advanced-stage, gold-silver property located 25 kilometers north of Stewart, British Columbia in the Skeena Mining Division. The project covers a net area of approximately 1,470 hectares and features a zone of faulting and brecciation  with accompanying mineralization up to 300 meters wide that has been traced for 2.5 kilometers. Silver Coin shares many characteristics with the nearby Silbak-Premier Mine, located just 3.5 km to the south. Over its mine life, the Silbak-Premier Mine produced 4.7 million tonnes yielding approximately 2 million ounces gold, 43 million ounces silver, 4 million pounds copper, 55 million pounds lead and 20 million pounds zinc. To date, 869 holes totaling approximately 107,846 meters have been completed at Silver Coin. This drilling has partially outlined a gold-silver mineralized body that remains open to the north and northwest.“ (Source: Jayden Resources)

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Red Cliff

Project: advanced-stage gold-copper

MTB Interest: 35%

Operator: Decade Resources Ltd. (65% interest; cross-ownership and cross-management as Ed Kruchkowski is the President of both Decade and MTB).

Great location next to highway and powerline. Decade has indicated that the upcoming underground drill program will test above the 1,000 mine level where values as high as 37 g/t gold and 6.07% copper were intersected over 0.91 m in a drill hole beneath the underground workings. A hole, 150 m above the 1000 mine level, encountered 21.94 g/t gold and 0.76% copper over 4.4 m, whereas another hole, along strike, intersected 29.93 g/t gold and 1.57% copper over 1.9 m. (More details here)

Looking across Bear River at the old mine dump of former Red Cliff Underground Mine:

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Pyritic/silicified zone in drill hole DDH-16-RC-9 on the Red Cliff Property:

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Zeolite & Pozzolan

Project: zeolite + pozzolan cement

MTB Interest: 100% of 1,062 hectares (2,625 acres), 7 km northeast of Keremeos, Okanagan, BC. Acquisition on December 7, 2016; when Ed Kruchkowski (President & CEO of MTB) commented:

“When the property was offered to us for $16,500, we jumped on the opportunity. With agriculture being one of the primary uses for zeolite; easy and close access to the 180,000 hectares of land being farmed in the Okanagan is a great advantage. The importance of zeolite for many applications from soil amendments and hydroponics, water filtration, enhancement to livestock feed to waste management is increasingly recognized. With the company’s precious and base metal properties within B.C.’s “Golden Triangle” in Northern B.C. the exploration season is limited. We now can concentrate on fast tracking the development of a resource at this new project starting in early spring.”

Infrastructure: Access from Highway 3A via the Twin Lakes and Grand Oro roads. BC Hydro transmission power line runs through property.

Mineralization: Several assessment reports have been filed on the property suggesting the effective zeolite to be a calcium-rich variety of clinoptilolite, very similar to the Bromley Creek Deposit from Canadian Zeolite Corp. MTB’s property overlays the Manual Creek Tuff hosting zeolites. The tuff beds, which can be traced for 5 km in road cuts, range up to 10 m in thickness.

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Potential: B. N. Church (Ph.D., P. Eng.) estimated that the property could potentially host 3 million tonnes of zeolite within exposures along strike. (This estimate is not NI43-101 compliant and Mountain Boy has not verified this estimate. It is used for reference purpose only. Additional work, including diamond drilling, is needed to prove the tonnage, thickness, lateral continuity and consistency of the zeolite mineralization.)

Metallurgy: Dacitic tuff from the Manual Creek member was submitted to AMEC Earth & Environmental Laboratories in Calgary in 2011. This was done in order to determine pozzolanic activity and compressive strength variation with time of curing for the samples. This testing yielded excellent results. The zeolitic pozzolan is essentially equivalent to pure Portland cement and can be used in amounts up to 30% cement replacement. It should be competitive at this mixture level with fly ash. The process has many advantages from environmental aspects (less emission of CO2 into the atmosphere), enhanced strength, lower temperatures during curing and cost savings.

Commodity: Zeolites are microporous, aluminosilicate minerals and are widely used in multiple cross industry applications ranging from water purification to radioactive waste containment. Characterized by its high surface charge density and high cation exchange capacity, zeolites’ unique ability to absorb and bind a broad range of materials makes it a simple and inexpensive solution to many problems spanning a variety of industries and environmental issues. Zeolite can be used in raw unprocessed form or processed into specific sizes. Thanks to its micro pores, the mineral is most suitable to store water (important mainly for agriculture) and to bind emissions.

Management & Directors

Ed Kruchkowski (President & CEO)
Edward Kruchkowski is a geologist with >43 years of experience in the Stewart area. He has a BSc in geology from the University of Alberta (1973) and is a registered professional geologist, both with APEGA and APEGBC. He has worked in most areas of Canada, southwest USA, Mexico, South America and Russia. He has been involved in numerous mineral showing and mineral deposit discoveries throughout Canada.

Rene Bernard (Chairman & Director)
Rene Bernard is currently the managing shareholder of W&S Bernard Investments Ltd., a privately owned residential and commercial real estate holding company. He has been actively involved in business building from the time he immigrated from Germany to Canada in 1983. He has previous experience as a partner or owner in the real estate, hospitality, retail and manufacturing industry. Since the late 1990s, he has been involved in the management of several publicly traded companies as Director, Chairman of the Board, President and CFO. Bernard resides in Kelowna, BC. His current employer W&S Bernard Investment is a large shareholder of Mountain Boy Minerals and, together with other members, the family owns approximately 19.2% of the company’s outstanding shares. On May 16, 2017, Rene Bernard was appointed Executive Chairman and Ed Kruchkowski stated: “I have known Rene for several years as a shareholder and consider him a personal friend. Since becoming a consultant to the company a few months ago his input has already impacted the company’s vision in a significant way and I am extremely pleased to work with Rene for the benefit of Mountain Boy Minerals and its many shareholders.” Bernard commented: “I am pleased to join the board of directors. Since I met Ed a few years back I have come to appreciate him not only as a close friend but also as a brilliant geologist who shares a common vision for Mountain Boy Minerals, to advance and turn its exploration properties into producing assets. I am looking forward to work closely with my fellow directors and management to achieve this goal.”

Randy Kasum (CFO, Director)
Randy Kasum is the manager of Kasum Tractor Ltd., a heavy equipment company specializing in road construction and mineral exploration. He has over 25 years experience in road construction for mining and exploration companies in the Stewart area. He coordinates all active road construction and drill pad construction on the various projects of Mountain Boy Minerals. He is responsible for all TSX related filings involving audits, material changes and press-releases.

Ron Cannan (Director)
Ron Cannan is self-employed as a business consultant with over 30 years of experience in helping small businesses, marketing and tourism in the wine industry, government operations and public policy development at various levels of government including First Nations. Cannan served over 18 years in public office as a Member of Parliament in Ottawa and City Councillor in Kelowna, BC. Cannan is also a Director on various profit and non-profit boards with committee experience ranging from audit, finance, government operations, human resources, health and fisheries.

Lance Robinson (Director)
Businessman and owner of heavy equipment on Vancouver Island with over 25 years experience in the resource business.

Share Structure

Issued & Outstanding: 138,937,982

Fully Diluted: 169,081,648

Warrants: 15,500,000
• 11 million @ $0.07 CAD
(expiring on 10/11/2018)
• 3.64 million @ $0.10 CAD
(expiring on 03/15/2019)

Options: 14,643,666
• 12.5 million @ $0.05 CAD
(500,000 expiring on 08/17/2017;
2 million expiring on 08/17/2021;
10 million expiring on 08/22/2021)
• 3 million @ $0.075 CAD
(expiring on 09/07/2021)

About Mountain Boy Minerals

Mountain Boy Minerals Ltd. is a Canadian-based mineral exploration company that is publicly traded on the TSX Venture Exchange in Canada under the symbol MTB, on the OTC in the US under the symbol MBYMF, and on the Frankfurt Exchange in Germany under the symbol M9U (WKN: 728492; ISIN: CA6238581079). The company was incorporated on April 26, 1999, and today owns a well-diversified project portfolio around the “Golden Triangle” area of the Stewart region in British Columbia, Canada. The company owns 20% of the Silver Coin Project, a gold-silver-base metals project that has a NI43-101 compliant resource calculated. The company is also exploring silver-base metals on its American Creek and Bear Valley Properties, as well as copper-gold on its Stewart area claims.

For a complete listing of the company’s assets, visit the corporate website: 

For investor information, call +1 250-636-2264 or Gary Assaly at +1 604-377-7969.

The company goal is to develop mineral resources on its properties through efficient exploration and strategic acquisitions. Mountain Boy is led by an experienced management team that is systematically exploring its properties in a fiscally responsible fashion and is looking forward to future discoveries based on exploration activities.

Financial Year-End: November 30

Management Fees (2016): $60,000 CAD



Company Details

Mountain Boy Minerals Ltd.
426 King Street
Stewart, B.C. V0T-1W0 Canada
Phone: +1 250 636 2264

Shares Issued & Outstanding: 138,937,982


Canadian Symbol (TSX.V): MTB
Current Price: $0.065 CAD (06/19/2017)
Market Capitalization: $9 Million CAD


German Symbol / WKN (Frankfurt): M9U / 728492
Current Price: €0.014 EUR (06/19/2017)
Market Capitalization: €2 Million EUR

Disclaimer: Please read the full disclaimer within the full research report as a PDF (here) as fundamental risks and conflicts of interest exist.

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Name: Mountain Boy Minerals Ltd.
Canada Symbol: MTB
Germany Symbol / WKN: M9U / 728492
Shares Issued & Outstanding: 138,937,982
Phone: +1 250 636 2264

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