"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. In fact, majors like Newmont Mining just bought “Golden Triangle” developer GT Gold for $311 million in cash. All after GT Gold “made two major discoveries on the Tatogga property that include Saddle South, a precious metal rich vein system and Saddle North, a gold-rich copper porphyry system,” as reported by Mining Technology. That’s great news for companies operating around the Golden Triangle, including Metallis Resources Inc. (TSXV: MTS)(OTCQB: MTLFF)(FSE: 0CVM), Seabridge Gold Inc. (NYSE:SA)(TSX:SEA), Eskay Mining Corp. (TSXV:ESK)(OTC:ESKYF), Pretium Resources Inc. (NYS:PVG), and Tudor Gold Corp. (TSXV:TUD)(OTC:TDRRF).
In addition, as reported by Resource World, “Over 130 million ounces of gold, 800 million ounces of silver and 40 billion pounds of copper have been discovered in the Golden Triangle and this is only scratching the surface. Some of this wealth came from the famous Eskay Creek Mine that was Canada’s highest-grade gold mine and the world’s fifth largest silver producer. Exploration results by numerous junior explorers have made it clear that the Golden Triangle is metal-rich with further significant discovery potential.”
Look at Metallis Resources Inc. for example
Metallis Resources Inc. (TSXV: MTS)(OTCQB:MTLFF)(FSE:0CVM) just announced the Company has signed contracts with all major service providers and suppliers of goods in preparation for the upcoming 2021 drill program (the “Program”) at the 100%-owned Kirkham Property (the “Property”). The Property is situated in the prolific Eskay Camp of the Golden Triangle in northwestern British Columbia, a region known worldwide for the past producing Eskay Creek and Snip gold mines, Seabridge’s KSM porphyry deposits and Pretium’s producing Brucejack gold mine, amongst others.
Executed agreements to date include drilling, helicopter, pad construction, camp, core cutters and core shack supplies. The Program will be designed to target the deeper higher-grade copper-gold mineralized zones of the 7.5 km-long Hawilson Monzonite porphyry complex.
Metallis’ President and CEO Fiore Aliperti stated “There are a lot of moving parts to co-ordinate in preparation for our upcoming drill program. Being able to confirm the signing of all major contracts, even at this early stage, is incredibly important for the Company. Our investors can take comfort that by being proactive, we have ensured that our exploration resources will be available when needed, as we are seeing great competition in the region for such resources, not to mention rising prices”. He went on to add “From conversations I’ve had with our peers operating in the area, it is quickly becoming evident that 2021 is going to be yet another busy year for meters drilled in the Golden Triangle. We are hopeful that early signs of snow melt could mean an earlier than usual drill season is in the cards for Metallis.”
The Company also announces that an updated corporate website has been launched effective today. The site has been designed to encourage more interaction with the Company’s investors and includes such functionalities as Call Back Request and Live Chat. This is a soft launch of the website and investors should expect more high-quality content over the coming weeks. The Company encourages investors to visit the site at www.metallisresources.com.
Other related developments from around the markets include:
Seabridge Gold’s drill program at its 100%-owned Snowstorm Project has achieved its key objective: to find a gold-bearing system hosted within similar rocks and structural setting as the Turquoise Ridge Mine. Snowstorm is located 15 km north of Turquoise Ridge on an extension of the prolific Getchell Trend. Although the gold grades to date are very low, Seabridge's exploration team is increasingly confident that these new drill results can be used to vector towards higher grades. A total of 4,495 meters of exploration drilling have been completed at Snowstorm since the most recent program began in mid-September 2020.
Eskay Mining Corp. is pleased to announce that it has reviewed all data from its 2020 exploration campaign and has conclusively identified multiple mineralized horizons at its 100% owned Consolidated Eskay precious metal-rich volcanogenic massive sulphide project in the Golden Triangle, British Columbia. This newly synthesized model of the sea floor mineralizing system demonstrates that at least six stratigraphic units are prospective for precious metal-rich VMS deposits across Eskay’s 526 sq km property. Discussion about this new model will be presented by Dr. John DeDecker, VP Exploration at the Toronto Geological Discussion Group at 4PM Eastern Time, April 13,2021.
Pretium Resources Inc. will release first quarter 2021 operational and financial results after market close on Tuesday, May 4th, 2021. The webcast and conference call to discuss Q1 2021 will take place Wednesday, May 5th, 2021 at 9:00 am PT (12:00 pm ET) and can be accessed at www.pretivm.com.
Tudor Gold Corp. is pleased to present results of the Initial Mineral Resource Estimate for the Goldstorm and Copper Belle Zones at their flagship property, Treaty Creek. The Property is located within the heart of the Golden Triangle of Northwestern British Columbia which is on-trend from Seabridge’s KSM Project located five kilometres southwest of the Goldstorm Zone. A total of 218 drill holes totaling 105,658.8 metres were used in the Mineral Resource Estimate completed by P&E Mining Consultants Inc. (P&E). The constraining open-pit shell contains 14.15 million ounces of Measured and Indicated gold equivalent ounces at an average grade of 0.72 gpt AuEq and 5.26 million Measured and Indicated AuEq ounces at an average grade of 0.80 gpt AuEq for the out-of-pit Mineral Resources. Cut-off grades of 0.30 gpt AuEq were used inside the constraining open-pit shell and a higher cut-off grade of 0.46 gpt AuEq was used for the out-of-pit Mineral Resource Estimate which includes underground constrained blocks.
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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