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Recent results point to a large-scale porphyry copper-gold discovery on MTB’s Telegraph project. MTB has consolidated an extensive property in the midst of several world-class porphyry deposits, with one already in production. The MTB project has a strikingly similar geological profile to those deposits. A junior that made a comparable discovery in the same area was taken over last year by a major for a value 35 times the current value of MTB. The next phase of work, including drilling, is aimed at demonstrating the value of this highly prospective project. Work is also underway on 5 other MTB projects.