
Prospector News Publisher, Michael Fox is joined on location at the AME BC Round Up by MTB Metals (TSX-V: MTB) (OTCQB: MBYMF) (FSE: E8H) CEO Lawrence Roulston. As a former analyst we discuss Lawrence’s thoughts on the unofficial start of investor conference season. We discuss how all Miner stocks are on sale in spite of higher commodity prices and sound fundamentals. The generalist investor is currently on the sidelines waiting for the bell to ring to start the leg up in the markets.
Round Up was discussed with an eye on geologists sharing project data with other geologists. AND THERE WERE MAJORS ON THE FLOOR. This is indicating that the environment is ripe for M&A. With the Newmont/Newcrest merger putting lots of focus on the BC’s “Golden Triangle” where MTB’s projects are located.
We discuss the company’s drill results from 2023. The company had good copper/gold intercepts. Plans for 2024 is for an infill program to help define the ore body discovered by 2023 drill program. Options for the program is to break up some of the company’s targets and finding a JV partner to work on the drill program.
About MTB
MTB has six active projects spanning 670 square kilometres (67,587 hectares) in the prolific Golden Triangle of northern British Columbia. With the focus on the Telegraph project, discussions are now underway leading to joint ventures and/or spinouts of other projects.
1. Telegraph is located in the vicinity of 4 world-class porphyry deposits being advanced by major mining companies: Galore (Teck / Newmont), Schaft (Teck), Saddle (Newmont) and the operating Red Chris copper-gold mine (Newcrest / Imperial Metals). Field work by MTB on its 310 square kilometre property, together with earlier results, provides compelling evidence for the presence of one or more porphyrys similar to others in the area.
2. The American Creek project is centered on the historic Mountain Boy silver mine. The project is road accessible and 20 km from the deep-water port of Stewart. There are multiple silver, gold and copper occurrences on the property, including a 2006 drill hole that encountered 5 kgs of silver over 5 metres.
3. Red Cliff is a past producing gold and copper mine in which the Company holds a 35% interest.
4. On the BA property, 182 drill holes have outlined a substantial zone of silver-lead-zinc mineralization located 4 km from the highway. Several targets with high-grade silver potential remain to be tested. Surprise Creek, to the north, hosts the same prospective stratigraphy.
5. On the Theia project, work by MTB and previous explorers has outlined a silver bearing mineralized trend 500 metres long, highlighted by a 2020 grab sample that returned 39 kg per tonne silver (1,100 ounces per ton). Two other zones on the property produced copper values over 5%.
6. Southmore is in the midst of some of the largest deposits in the Golden Triangle. It was explored in the 1980s through the early 1990s and was overlooked until MTB consolidated the property and carried out airborne geophysics and field work which confirmed several zones of gold and copper, with values up to 20% copper and 35 g/t gold.
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