Mountain Boy Minerals Ltd. reports further results from field work on the Telegraph copper-gold porphyry project in BC's Golden Triangle. These latest results continue to validate the prospectiveness of the project and to provide guidance for targeting future exploration and drilling on the property. On the Dok Trend, which was the focus of much of the earlier work, recent soil geochemistry aligns with the geophysical targets identified in the 2022 season.

Work by previous operators focused on the north end of the trend, while a separate group worked the southern part of the trend. Mountain Boy has focused on the middle of that 6-km prospective zone. In addition to the encouraging soil results, the latest rock samples contained up to 5% copper.

The overlapping geochemical, geophysical and geological anomalies provide compelling drill targets. A rock sample from the Yeti Zone contained 60.5 g/t gold along with 2.3% copper. Yeti is a second target 10 km east of Dok, and has many historical surface samples with elevated gold, assaying up to 515 grams per tonne (Assessment report 21168).

However, this target area has not received any systematic evaluation to date. The recent assay results also include several samples with more than 1% copper as well as samples with 60.5, 18.9 and 12.2 grams per tonne gold and a sample with 1,575 grams per tonne silver. Yeti is emerging as a highly prospective target, distinct from the Dok trend, and hosts a variety of mineralizing styles.

Copper, gold and silver values have been found over an 3 km trend. In addition, the eastern part of the Yeti area hosts an Alaskan type ultramafic intrusion belonging to the Triassic Polaris Suite. Soil geochemistry over the eastern Yeti from 1990 shows elevated nickel and cobalt values over 3 kilometres.

The anomaly is coincident with the ultramafic intrusion mapped by the BCGS (Mihalynuk et al., 2005). The nickel-cobalt anomaly will be followed up this season. The Strata Gossan, a third target northeast of the Dok trend, produced a sample with 9.6% copper, complementing a 7.7% copper value reported last year (NR, October 19, 2022).

The Strata Gossan stretches 8 kms, in a northeast direction. The Strata Gossan exhibits locally intense hydrothermal alteration (sericitic) consistent with porphyry copper systems. This area was almost completely overlooked in the past and is now recognized as a third important trend on this extensive property. The area between Strata and Dok remains relatively unexplored and may represent an additional target area or possibly demonstrate continuity between what are currently interpreted as two separate target areas.

Mountain Boy's Telegraph project spans 310 square kilometers in the northern part of BC's Golden Triangle. It is located in the Traditional Territory of the Tahltan First Nations and in the vicinity of four porphyry deposits being advanced by major mining companies. The property was consolidated through several agreements and is being examined for the first time on a consolidated basis.