MTB Metals Corp. has commenced field work in preparation for drilling the Telegraph porphyry copper-gold project. The MTB project shares geological features with four nearby world- class porphyry deposits, all being advanced by majors.

The first phase of this program will be aimed at more precisely defining the targets for this initial drill plan. Interpretations of the results from last season and prior work will be confirmed with further field observations to optimize the drill hole locations. Other prospective targets are also being advanced on the 310 sq km property.

Historic and more recent exploration has resulted in the discovery of numerous mineralized copper and gold showings throughout the Telegraph property, and together with the wide spread alteration noted in the area, confims the presence of an extensive hydrothermal system that is interpreted to indicate the presence of one or more porphyry mineralization centres. Since the last field season, the exploration team's focus has been to better understand the spatial distribution of the mineralization and alteration and to understand how the various mineral showings fit into recognized porphyry models. This insight is being used to guide the upcoming exploration and drilling program.

Recent work by MTB has greatly enhanced the understanding of this extensive geological system: Inversions of the historic airborne magnetic geophysics data has led to a better understanding of the geometry of the identified as well as the inferred intrusions that potentially host porphyry mineralization. Evaluation and re-examination of geochemical results from the historic and recent programs, including element ratios and porphyry indicator ratios, has helped to determine the alteration zoning and potential fertility within the hydrothermal system. Short Wavelength InfraRed (SWIR) analysis of samples collected during the last two seasons was used to identify chlorite, clays, and white mica.

The white mica crystallinity has helped vector toward the hotter centre of potential porphyry hydrothermal systems. Hyperspectral data from Sentinel and Aster 2 satellite imagery was used to identify clay and phyllic alteration as well as to identify hot vs cold white mica. Samples from the host stratigraphy and local intrusions are being dated through uranium-lead zircon geochemistry. Knowing the ages for the various geological units will help distinguish units on site and correlate to regional units.

In addition, the zircons can be used as porphyry indicator minerals. Results from these studies have identified numerous porphyry targets within extensive zones of alteration. The geological team's objective for this field season is to ground-truth and rank the identified targets followed by testing priority targets with drilling.

The geologists will have a handheld X-ray fluorescence (XRF) spectrometer on site, which will provide real-time estimates of lithology, pathfinder and ore elements including copper. A field spectrometer will also be on site to help characterize alteration assemblages and mineralogy. These devices will result in a more efficient field program and the ability to make decisions on drilling without having to wait for assays from the lab.