Categories: Base Metals / Precious Metals
Topics: General Base Metals / General Precious Metals

Mountain Boy Minerals (TSX-V: MTB)(OTC: MBYMF) CEO Lawrence Roulston on Zoning In on Major Discovery At Its American Creek Silver-Gold Project in BC's Golden Triangle

Gerardo Del Real: This is Gerardo Del Real with Resource Stock Digest. Joining me today is the President and CEO of Mountain Boy Minerals, Mr. Lawrence Roulston. Lawrence, how are you today?

Lawrence Roulston: I'm great. And look, really appreciate the follow up here, Gerardo. We've got exciting news, and I'm looking forward to sharing it.

Gerardo Del Real: Let's get right into it, Lawrence. There's a lot going on. We just saw a multi-billion dollar takeout in BC's Golden Triangle, so obviously the region is hot. Gold seems to be running back towards $1,900. Silver seems to want to go touch $26, and you just announced results from the American Creek Silver Gold Project, which is turning out to be a pretty large mineralized system. It's complex, as you point out in the most recent release. But I wanted to have you back on, just to provide the context, because I think it's important.

Lawrence Roulston: Yeah. Absolutely. Look, let's touch, first of all, on the takeover of Pretium. So Newcrest, one of the top gold producers, has being involved in the golden triangle for the last couple of years. They put US dollars $700 million into taking control of a copper gold line up there called Red Chris. And over the last couple of years, we know that they've been very active in understanding the Golden Triangle, and everything going on around them.

So it wasn't totally unexpected that they made that bid for Pretium. It will make Newcrest, certainly, a dominant player in the triangle. And perhaps the most interesting aspect of this whole transaction is the comment from Newcrest's CEO, in which he stated there's a lot more gold to be found there. So, the key deposits that they have already have very large resources, and for him to make the statement, "There's a lot more goal to be found," I think is very, very important, very significant for the whole region. So we're excited about this. It puts a valuation on projects in that area, and that $3 billion of new money is going to get circulated. And I think a good part of it is going to find a home in other companies that are involved in the Golden Triangle. So huge development for all the companies involved in that region.

Gerardo Del Real: Let's talk about the results from the 2021 field program, results that included 704 grams per tonne silver over 0.8 meters. The surface work demonstrates what you describe as potentially a large silver gold system that's complex. Can you explain the geology, and what the 2021 program delivered, in terms of technical acumen and how that's going to lead into a follow up program?

Lawrence Roulston: Well, the geology of our property, and it's a fairly extensive property, covering up a large mineralized system, it's exactly the same geology as the other big deposits in the Golden Triangle. We've got the same rocks, the same age. We have an intrusion exactly the same age as the intrusions that are driving the other big deposits in the Golden Triangle. So we've got all the right ingredients.

The footprint of that system is several kilometers. We're seeing high grades of silver, gold, lead, zinc, and copper over an area that expands for several kilometers, several square kilometers. And we know that there's high grades within that system. The historic mining was very high grades of silver, and there was some mining in the late nineties. But also we covered very high silver grades. Drilling in 2006 produced intercepts in excess of a kilo. So it's a big system. It's produced very high grades, and our drilling has confirmed a vein system over two kilometers.

And within that, as you noted, we had an intercept of over 700 grams of silver. We had other good hits in there, and we had some good base metal values. So it's very typical of a vein type system where there's zonation in the grades. You get high grades of silver in some areas, high grades of base metals and other areas without much grade. So it's very typical, and we're highly encouraged by getting these results at this stage in the program. And beyond the area that was drilled, we continued doing further field work in pushing out the known deposit. We found two other areas that hadn't previously been identified. One of those new areas gave us a sample of 50 kilos of silver, and another area that was sampled over the summer had a sample that was 4% copper.

So it's a huge system. It's got some very high grades in it. And the task now is to systematically work through understanding the geology of the system. And in particular, what is it that drives these zones that have the very high grades? So we're beyond the initial assays that we've got back. We're conducting a series of further testing and analysis on the rocks that we recovered this year. We're going back and we're looking at the earlier results. And we'll be doing some further testing on some of those earlier samples, as well. We've got some top experts in knowing the geology of the Golden Triangle, and what this geology, the understanding of it, is progressing really quickly. There's a lot of work going on in the Golden Triangle, and we're learning from all of that other work. So we're going to bring that new knowledge to bear on what we are finding.

And so over the next few months, we expect we're going to have further news as we continue the interpretation of the results. But looking in the meantime, we've had a lot of other news coming. We've drilled a second project over this field season. After their drill left American Creek, it went to the BA project. Earlier drilling up there outlined a very substantial zone of zinc, lead, silver mineralization. We drilled this year, looking to extend that zone, and to get some areas of higher grades. And we believe we've accomplished that, but of course, we'll have to wait to look at the assay.

And the other really big, important project for us is a project that we picked up earlier this year that we call Telegraph. It's a big porphyry copper gold system. It was explored by more than 50 companies over a period of several decades, but it was like each of those companies looking at one piece of the jigsaw puzzle, and they found some interesting bits and pieces, but it wasn't until we pulled together all of that information, and then we consolidated a huge property that had five separate agreements and we staked a bunch of grounds. We've now got a big property. And for the first time we're looking at that picture, it's like pulling together all the pieces of a jigsaw puzzle for the first time. We're really seeing the big picture. And we're very excited about what we're seeing. So we will also have news coming on that project over the next few weeks here. So a lot of news coming on Mountain Boy in the next weeks and months, and as we get into planning for the next field season.

Gerardo Del Real: Lawrence, your timing couldn't be better. You're in the right place. You have the right mineral package. We have an extremely hot commodity market, and gold and silver look like they're finally ready to pivot and head higher. Great timing, great work on all fronts. I'm looking forward to having you back on as the results keep trickling in here in the next few weeks and months. And can't wait for 2022. It seems like it's going to be a pivotal year for Mountain Boy. Thank you so much for your time today.

Lawrence Roulston: Great talking with you, Gerardo.

Gerardo Del Real: Chat soon.