- ExGen Resources Inc. (TSXV:EXG) provided an update on its DOK project in Northern B.C., currently under option to Mountain Boy Minerals Ltd.
- Mountain Boy can acquire a 60 per cent interest in the DOK claims by paying $230,000 and issuing 1.5 million shares to ExGen and by spending $2.5 million on the DOK claims by January 2026
- Mountain Boy announced that the ongoing drilling program on the DOK claims intersected evidence of porphyry style mineralization in all three of the drill holes on the Telegraph copper-gold project in British Columbia’s Golden Triangle
- ExGen Resources Inc. last traded at $0.09 per share
ExGen Resources Inc. (TSXV:EXG) provided an update on its DOK project in Northern B.C., currently under option to Mountain Boy Minerals Ltd.
Under the terms of the option, Mountain Boy can acquire a 60 per cent interest in the DOK claims by paying $230,000 and issuing 1.5 million shares to ExGen and by spending $2.5 million on the DOK claims by January 2026.
Sample from DK2023-002 showing a zone of intense sulphide stockwork. 164.55 is a Terraspec (SWIR) sample location.
Mountain Boy announced that the ongoing drilling program on the DOK claims, now part of its Telegraph porphyry project, “Has intersected evidence of porphyry style mineralization in all three of the drill holes on the Telegraph copper-gold project in British Columbia’s Golden Triangle. These widely spaced holes confirm the potential of an extensive mineralized porphyry system. Drilling is ongoing.
The geological setting of the Telegraph property is like four world-class porphyry copper-gold deposits in the same region, all of which are being advanced by major mining companies. MTB put together a 344 square km land package beginning in 2021 and is now exploring this area for the first time on a consolidated basis.
Hole 1 was drilled to 485 metres with chalcopyrite still visible at end of hole. The second hole tested a second chargeability anomaly 2.5 km southeast of Hole 1. The third hole, 700 metres southeast of the first hole, is currently being drilled. The hole has intersected potassic alteration and copper mineralization with many similarities to the first hole. Copper mineralization still visible at 500 metres. Holes 1 and 3 have traced porphyry style with copper mineralization for 700 metres.
“ExGen is excited with Mountain Boy Minerals’ report of significant visual copper sulphide mineralization in the first drill hole andthat holes 1 and 3 have traced porphyry style copper mineralization for 700 metres on surface,”ExGen’s CEO, Jason Riley commented in a news release. “We look forward to continued updates from both partner-funded drill programs at DOK and Navarre through the end of this year.”
ExGen Resources Inc. is a junior resource company engaged in the exploration of copper-gold mineral properties in Canada and the United States. Its projects include Empire Mine Project, DOK Project, Gordon Lake, Boss Property and Buena Vista Property.
ExGen Resources Inc. last traded at $0.09 per share.
Join the discussion: Find out what everybody’s saying about this stock on the ExGen Resources Bullboard, and check out the rest of Stockhouse’s stock forums and message boards.
The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.
