Kodiak Copper Corp. press release
Silver mineralization to be explored on the FR property
TSXV - TSX Venture Exchange · Copper · Gold · Silver · Molybdenum · Lead · Zinc · Diamond · Canada
Trading Symbol: TSX-MTB
STEWART, BC, April 4 /CNW/ - Pinnacle Mines Ltd. and Mountain Boy Minerals Ltd. announce that a 2006 exploration program has been scheduled for the third quarter of 2006 on the FR property. The program will include trenching, geochemical surveys and drilling. The FR is a silver-base metal property located about 42 kilometres north of Stewart, British Columbia in the Skeena Mining Division The property has VMS type zinc-silver-lead mineralization within barite as well as replacement type barite-zinc-silver-lead mineralization. VMS type boulders have yielded up to 31 % zinc with 200 - 340 g/t silver. Best assays in the replacement zone yielded 264.65 g/t silver over 18.3 metres of chip-line. Approximately 1 kilometre from the 18.3 metre chip-line zones of barite and carbonate up to 10 metres wide have given assays varying from 7 to 15 oz/ton silver. Pyritic, chlorite altered andesite in close proximity to the barite has yielded up to 7 oz/to silver in several grab samples. The replacement type mineralization appears associated with barite and carbonate outcrops that strike for several kilometres. Three other showings, the Virginia K, Moonlight and Liliane also occur on the property. The No. 2 vein on the Virginia K is described as being southeast striking and about 3.7 metres wide. A chip sample assayed 9.6 grams per tonne gold, 1,522.3 grams per tonne silver and 8.01 per cent lead across 3.7 metres (Minister of Mines Annual Report 1931, p. 44). The Moonlight showing consists of a 7 metre wide mineral zone exposed over a strike length of 25 metres. It consists of massive galena, sphalerite, tetrahedrite, argentite and pyrite over 0.4 metres of width along the hanging wall with sheared, fractured and pyritized rocks below it. Samples from the massive mineralization yielded up to 36 % Pb, 9 % Zn, 226 oz/t Ag, and 0.10 oz/to Au. The Liliane showing consists of several quartz veins up to 1 metre wide along 100 metres of exposed strike length containing manganiferous siderite, galena, sphalerite, chalcopyrite and pyrite. Limited drilling in 1988 gave up to 1.98 metres of 0.13 oz/to Au, 8.8 oz/to Ag, 0.33 % Cu, 0.104 % Pb and 0.06 % Zn in DDH 88-4. E. Kruchkowski, P. Geo., a qualified person under National Instrument 43-101, is in charge of the exploration programs on behalf of the Companies. Drill core and trench samples are assayed by Assayers Canada of Vancouver, BC.
Mountain Boy Minerals Ltd is a Canadian based mineral exploration company whose activities are in the Stewart and McKenzie area of BC. It is actively exploring for gold-silver-base metals on the Silver Coin project, silver-base metals on their American Creek properties, copper-gold in the Stewart area, porphyry molybdenum in the Stewart and McKenzie areas and copper-nickel- platinum group metals in the McKenzie area.
ON BEHALF OF THE BOARD
"Ed Kruchkowski"
Ed Kruchkowski, Director