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MTB Metals gears up for drilling in B.C.’s Golden Triangle

Market News, Mining
TSXV:MTB
16 August 2023 13:43 (EST)

MTB Metals (TSXV: MTB) is gearing up for drilling at its Telegraph porphyry project in British Columbia’s Golden Triangle.

The Vancouver-based company said in a news release that the first phase of drilling will be testing three areas along 2.5 kilometres of the identified Dok trend.

MTB Metals said it previously consolidated a 310 square kilometre land package in 2021 and is now exploring the area for the first time on a consolidated basis.

“The team has worked methodically to advance the understanding of this huge geological system. This initial drill program will involve 2,000 to 3,000 metres of drilling from three drill pads, with the details of the program evolving based on observations as the drilling progresses,” Lawrence Roulston, CEO of MTB Metals, said in a statement.

Over the course of 2023, the company has been busy at the project with its field work and target selection.

Work has included geological alteration and structural mapping, spectral analysis, shortwave infrared spectroscopy (SWIR), assay rock sampling and soil geochemistry.

More than 650 soil samples have been collected, with assay results already received for the first 275 samples. The assay results for copper from the lab are consistently about 30 per cent higher than the pXRF results.

MTB has six active projects spanning 67,587 hectares in the prolific Golden Triangle of northern British Columbia. 

Shares of MTB Metals are unchanged at C$0.13.

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