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Author Topic: Mountain Boys - MTB *.445
BCmouser
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I am touting this as the next great buy out there. They have 50% interest in the Silver Coin property in Northwestern bc which they JV with PNL who will spend a million $ in exploration by Oct 06 to earn in their 50% . The resource is huge with great gold and silver values to go along with some very nice base metals as well.
Silver Coin is a gold-silver-base metal property located about 24 kilometres north of Stewart, British Columbia in the Skeena Mining Division. The entire project consists of the Silver Coin property, the Dauntless property and the Kansas property. Through various option agreements, Pinnacle has the right to earn at least a 60 % interest in the Silver Coin property, a 33 % interest in the Dauntless property and up to a 70% interest in the Kansas property.

The project covers approximately 1,500 hectares and features a zone of faulting and shearing with accompanying mineralization up to 300 metres wide that has been traced for 1.6 kilometers. Silver Coin shares many characteristics with the nearby Silbak Premier Mine, located just 5km to the south. Over its mine life the Silbak-Premier mine produced 4.7 million tons yielding approximately 1.8 million ounces gold, 41 million ounces silver, 4.2 million pounds copper, 62 million pounds lead and 20 million pounds zinc.

Based on recent work and historical data, there are nine different types of potentially economic mineral associations present within a total of 20 zones in the project area. Starting from the northwest portion of the property they include: the Perseverance, 13/19, 21, 28, Facecut-35 and Storm zones. Immediately further south, along the Big Missouri ridge there are the West Kansas, Kansas, Snowball, Dan, Dauntless Vein, Dauntless Hill, Silver Coin and Idaho zones. In the central portion of the claim holdings, the previous work has identified the Anomaly Creek, Road, Root and West Noname zones while in the eastern part exploration has identified the Terminus and Noname zones. The various types of mineralization in these zones are listed below:

Grey silicified breccia zones with visible gold but with assays generally less than 30 g/t.
White to grey quartz-carbonate veins and stringers with visible gold giving high assays that can be greater than 30 g/t.
Late grey calcite veins locally containing abundant visible gold.
Massive sulphide-silver mineralization with low gold values generally less than 1 g/t.
Massive sulphide-silver mineralization with high gold values from 1 to 60 g/t.
Black, carbonaceous-rich quartz with minor sphalerite and local coarse visible gold.
Narrow electrum veinlets that give spectacular gold values over narrow intervals.
Discontinuous en echelon zones of brecciated and silicified rocks with quartz-calcite veinlets carrying sparse galena and sphalerite.
Trachyte hosted, weakly silicified zones of disseminated pyrite with minor sphalerite and galena.
Exploration potential of the property is excellent with numerous zones remaining to be tested. Due to the high concentration of mineralized zones, exploration is focused on not only an underground mining situation but also on the possibility of mining by a large open pit. In addition, past exploration has been solely focused on the precious metal values rather than both the precious and base metal values of the property.

Surface and underground diamond drilling programs conducted from 1982 to 2004 have resulted in a total of 22,642.68 metres of core drilling in 168 holes from surface and 11,727.6 metres of core drilling in 214 holes from underground. Most of this work has been focused on the Kansas/West Kansas zone where the total inferred resource is 1,774,000 tonnes at 2.24 grams per tonne gold and 5.3 grams per tonne silver.

The highest priority exploration target on the property is the recently discovered Perseverance zone which is over 600 metres in strike length, exposed over a height of 300 metres and having a width ranging from 20 to 30 metres. Drilling results of significance from the Perseverance zone in 2004 are summarized as follows:

Hole
(#)
Core
Length (m)
Gold
(gpt)
Silver
(gpt)
Copper
(%)
Lead
(%)
Zinc
(%)

37
24.4
5.15
42.0
0.12
1.73
2.58

36
17.8
11.35
30.0
0.04
0.91
1.47

34
16.8
1.5
50.0
0.31
1.86
4.57

and
21.3
11.3
50.0
0.07
1.11
1.85

and
5.8
6.4
39.5
0.13
1.35
2.88

32
3.05
11.85
32.9
0.03
0.89
1.13

31
14.02
11.65
22.0
0.03
1.0
1.17

26
6.0
0.55
72.0
0.66
0.14
5.61

25
4.5
0.45
33.5
0.34
0.03
1.64

and
3.05
31.68
33.6
0.37
0.12
1.40



Hole
(#)
Core
Length (m)
Gold
(gpt)
Silver
(gpt)
Copper
(%)
Lead
(%)
Zinc
(%)

22
5.49
0.58
104.4
0.96
0.79
8.54

21
5.33
0.50
155.6
1.39
2.77
13.34

18
2.74
0.72
30.5
0.40
0.37
2.70

17
4.27
0.50
176.4
2.18
1.57
16.69

16
4.27
0.72
232.1
1.79
8.96
15.03


The presence of roads crossing the property, a nearby mill and the year-round seaport in Stewart and its associated infrastructure makes the property an attractive exploration and development project.

Proposed initial work programs for 2005

Excavator trenching of the 13/19 zone, the south end of the Perseverance zone, north of the no. 2 portal, 21 and Dauntless Hill zones.
Soil geochemistry in the southern portion of the property area, particularly areas along the projected strike of Kansas and West Kansas zones. Soil sampling may aid in locating the Idaho zone.
Drilling of at least 3500 metres. Drilling would be conducted on the following targets:
Continue drilling both north and south of DDH 2004-29-38. Drilling would be on 9 panels in order to better correlate drill hole intersections as well as provide data for possible future resource and/or reserve calculations. Two to four holes would be required for each of the panels. Average length of each hole would be 160 metres, with some up to 300 metres.
A series of holes to test the northwest extension of the Perseverance Zone below the Granduc Road. It is expected that 240 metres would be required to test this area.
A total of 250 metres of drilling in 2 locations would be completed in drilling the 13/19 zone in order to check for gold tenor and possible base metal values.
A total of 320 metres to test the north extension of the Facecut zone, 21 zone and the area of drill holes SB-86-4 and SB 87-21.
A total of 230 metres to test for extensions to the Storm zone.

--------------------
The Mouse

Posts: 443 | From: Valemount | Registered: Dec 2003  |  IP: Logged | Report this post to a Moderator
BCmouser
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Nice writeup on PNL in globeand mail.
http://www.theglobeandmail.com/servlet/ArticleNews/TPStory/LAC/20051029/RCHINAPINNACLE/TPBusiness/?query=Pinnacle+mines

--------------------
The Mouse

Posts: 443 | From: Valemount | Registered: Dec 2003  |  IP: Logged | Report this post to a Moderator
BCmouser
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Up to .61 on Friday but it realy has not started to run yet. I believe MTB should be trading at 60 to 70% value of PNL - Somewhere between .80 and a buck. Minefill report should be done within a month and expect MTB to get some real serious buying interes. Would not be surprised to see ZIJIN , the Chinese mining giant backing PNL, get some cheap MTB shares here soon.JMHO

--------------------
The Mouse

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BCmouser
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This one has to be the best value of the Silver Coin plays now that PNL has hit a new high, NCV is up substantially and TJS up at highs near .40
MTB will have the biggest % outside of PNL - but PNL had to pay for all exploration to date. Gotta like it still here at around .60 -PNL closed today at 1.45

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BCmouser
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Here it goes folks - only 500 more at the ask and then its * .86 only about 8000 on the ask up to a buck.
Posts: 443 | From: Valemount | Registered: Dec 2003  |  IP: Logged | Report this post to a Moderator
BCmouser
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This is the e-mail i just received from the PNL -MTB geologist -I asked why PNL was bouncing off of new highs and MTB was stagnating around .55

Sorry for the delay in response. I have been out of town. Hopefully this
reply answers your question.

Pinnacle is bouncing around for several reasons:
1. They are looking at investment in China for a production situation.
2. They are in discussions on potential promotion in Germany.

Mountain Boy is planning small programs on several other properties in the
Stewart area beside the main Silver Coin project.

On the Silver Coin project, the Minefill report should be ready by the end
of February. Drill sections are being prepared in order to do the resource
calculation. This calculation will only be on 650 meters of the Main
Breccia zone out of an outlined 2500 meters of strike length. No resource
calculation is being done on the Perseverance zone as it has not received
enough work. This is a paralell zone to the Main Breccia. Drilling should
commence in the last week of April or early May. A program for 2006
totalling $4 million dollars may involve 2 - 3 drills and include 40-50,000
feet of drilling

Potential resource for the 2 zones with further drilling may be in the 2-5
million oz range.

Mountain Boy is also in discussions with an Investor Relations group to
provide promotion and disseminate news.

ed kruchkowski

--------------------
The Mouse

Posts: 443 | From: Valemount | Registered: Dec 2003  |  IP: Logged | Report this post to a Moderator
   

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