The “Golden Triangle” may be one of the most prolific mining areas in the world. Estimated to hold about 219 million ounces of gold, approximately 87.7 million pounds of copper, and about 1,342 million ounces of silver, this mineral-rich region of British Columbia may be one of the most mouth-watering mining opportunity in the world today. In addition, within the region sits the Kirkham Property, which is located about 65 km north of Stewart, B.C., in the heart of the Golden Triangle's prolific Eskay Camp. The Property is prospective for multiple mineral deposit types and is located along a strategic geological boundary – the "Red-line" exposed on the western margin of the Eskay Rift system in the Golden Triangle, northwestern British Columbia. That’s all great news for companies such as Metallis Resources Inc. (TSXV: MTS)(OTCQB: MTLFF)(FSE: 0CVM), Seabridge Gold Inc. (NYSE:SA)(TSX:SEA), Tudor Gold Corp. (TSXV:TUD)(OTC:TDRRF), Skeena Resources Ltd. (TSX:SKE)(OTC:SKREF), and Enduro Metals Corporation (TSXV:ENDR)(OTC:ENDMF).
Better, there’s been plenty of acquisitions in the region.
- Newmont Mining acquired GT Gold, which was advancing its Tatogga property.
- Seabridge Gold purchased the Snowfield Property from Pretium Resources, which hosts a large gold resource for $100 million.
- Even Cache Exploration announced it completed an agreement to acquire a 100% option on the Marmot Precious Metals Project located in the Golden Triangle.
In addition, "Minerals explorers are piling up into British Columbia's Golden Triangle, with several companies showing massive discovery potential,” says Jack Bal, CEO of Cache Exploration, as quoted by Mining Connection.
Metallis Resources Inc. Operates on the Kirkham Property
Metallis Resources Inc. (TSXV: MTS)(OTCQB:MTLFF)(FSE:0CVM) announced the completion of a high-resolution induced polarization survey on the Company’s 100%-owned Kirkham Property. The Property is situated in the prolific Eskay Camp of the Golden Triangle, northwestern British Columbia, a district well-known worldwide for the past producing Eskay Creek and Snip gold mines, Seabridge’s KSM porphyry deposits and Pretium’s producing Brucejack gold mine.
The Company re-engaged Scott Geophysics to carry out an additional IP Survey at the Property to build on the favorable results from last year’s geophysics program. The 26.4 line-km Survey covered the highest priority Cliff and Miles prospects (Click Here to View Map). Due to abnormally difficult weather conditions, other prospective targets including Cole, Rhyolite Ridge and Mount Dunn (Click Here to View Map) are expected to be surveyed early next spring. Most importantly, two of the lines covered the northern extension of the IP resistivity “high” that was identified last year. Additionally, two N – S oriented lines were done over the entire Miles prospect. These will assist the line-to-line correlation of the IP results.
The Survey at the Cliff-Miles porphyry corridor was designed to measure the resistivity and capacitive properties of the mineralized Hawilson Monzonite. The IP chargeability response is used to discriminate between the graphitic argillite and zones of higher concentrations of sulphides with copper-gold mineralization. The IP resistivity-highs have been successful in outlining the dimensions of the central 2 km-long zone of intense silicification, and gold-rich mineralization as intersected in KH20-34, which returned 1.13 g/t AuEq* over 54 meters within a broader interval of 0.64 g/t AuEq. over 141 m (See news release Mar 2021).
The survey results, once received, will be validated, and interpreted by Dr. Jules Lajoie, Metallis’ consulting geophysicist.
Other related developments from around the markets include:
Seabridge Gold announced it has appointed Ryan Hoel, P.E., as Vice President, Projects; Tracey Meintjes as Vice President, Engineering Studies; and Julie Rachynski as Vice President, Human Resources. Seabridge Chairman and CEO Rudi Fronk commented: "While Seabridge will not be building or operating mines, advancing our projects to the point where they can seamlessly transition to the next stage of development requires an expanded range of management skills. The additions of Ryan, Tracey and Julie collectively bring a breadth of experience and expertise that will be invaluable in advancing Seabridge Gold's project portfolio."
Tudor Gold Corp. announced that it has entered into a definitive agreement with certain royalty holders to acquire the Assignors’ right, title and interest in and to the Amended and Restated Purchase Agreement pursuant to which the Assignors held, among other rights, a 1.02 % net smelter return on certain key claims of the Treaty Creek Property and a 0.51 % net smelter return on the other claims of the Treaty Creek Property. In consideration for the assignment and assumption of such rights, Tudor agreed to issue the Assignors an aggregate of 5,000,000 common shares in the capital of Tudor. Half of such Consideration Shares shall be subject to the statutory four month and a day restriction on trading and the remaining half of such Consideration Shares shall be subject to a 10-month contractual restriction on trading.
Skeena Resources Ltd. reported that it has initiated the Phase II drill investigation of the Albino Waste Facility at the Eskay Creek gold-silver project located in the Golden Triangle of British Columbia. The Phase II program is designed to test the Au-Ag grade potential of the remaining untested portions of the AWF on 50 metre drill spacings as follow up from the initial investigation completed in Q1 2021. Analytical results from the 2021 Phase III drill program at the Snip gold project are also included in this release.
Enduro Metals Corporation announced that the first diamond drill rig is now drilling on the Newmont Lake property in the heart of BC’s prolific Golden Triangle. A second drill rig will be added in early August. The planned “base case” drill program is 10,000 metres, with potential to expand. Enduro recently upgraded its on-site infrastructure to enable a prolonged exploration season. The Company is presently conducting its initial drilling at Chachi with several other targets to be drilled this season. Enduro’s CEO Cole Evans stated: “There are several high-quality untested targets across our large land package providing multiple paths to a major discovery. We are delighted to be back on the ground and drilling again and excited to build on what we have learned over the past three years. We are optimistic that we will see exciting results from this season’s drilling.”
Legal Disclaimer / Except for the historical information presented herein, matters discussed in this article contains forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Winning Media is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. For making specific investment decisions, readers should seek their own advice. Winning Media is only compensated for its services in the form of cash-based compensation. Pursuant to an agreement Winning Media has been paid three thousand five hundred dollars for advertising and marketing services for Metallis Resources Inc. by Metallis Resources Inc. We own ZERO shares of Metallis Resources Inc. Please click here for full disclaimer.
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