Impact: Neutral to Mildly Positive
Mountain Boy Minerals (MTB) reported results from a geophysical survey, which aimed to provide further evidence supporting a large-scale porphyry system and a general overview of its 50km2 Southmore Cu-Au project in British Columbia’s Golden Triangle. Southmore is currently one of six active projects that the company is exploring in the Golden Triangle, together which comprise ~60,400 ha of ground. We also note that Southmore is MTB’s secondary project, with the flagship being the nearby Telegraph project. Overall, we are encouraged to see Mountain Boy continue to refine drill targets across its projects. We believe this news could draw more interest to Southmore, which we suspect could potentially attract a joint-venture partner in the future.