by Ellsworth Dickson
Sitting in your comfy chair at home or at the office, it’s hard to grasp the immensity of the region in northwestern British Columbia known as the Golden Triangle. Sandwiched between the Alaskan Panhandle and the Coast Mountains of BC, the Golden Triangle is about 370 km north-south and 200 km east-west, a vast mountainous terrain that happens to host one of the world’s most prolific concentrations of mineral wealth.
Although mineral deposits in the region have been known since the 1860s, due to the rugged terrain, rising and falling commodity prices and lack of infrastructure, it has not been until recently that exploration on a grand scale has taken place.
However, there are also a number of notable past-producing mines, including the Premier, Big Missouri, Granduc, Snip and the fabulously rich Eskay Creek silver-gold mine. In a landscape that can only be described as awesome, some of the old timers utilized horses and tram lines that ran down the steep mountain slopes. It was gruelling work just to get to the mineral prospect. Nowadays, of course, one can arrive quickly and easily by helicopter. In addition, road access is slowly opening up the region and power has arrived in some places.
Today, there are two producing mines in the Golden Triangle: the Brucejack Mine of Pretium Resources Inc. [PVG-TSX, NYSE] and the Red Chris Mine of Imperial Metals Corp. [III-TSX; IPMLF-OTC].
Aben Resources Ltd. [ABN-TSXV; ABNAF-OTC; E2L-FSE] reported drill results from the Forrest Kerr Project. Results continue to reveal near-surface high-grade gold mineralization at the Boundary Zone and demonstrate potential for new discoveries.
For step-out drilling at the North Boundary Zone, most of the holes intersected shallow, high-grade gold mineralization. Highlights include: 5.08 g/t gold over 12.0 metres in hole FK18-12; 23.3 g/t gold over 2.0 metres in hole FK18-13; and 10.62 g/t gold over 3.0 metres in hole FK18-17. To date, final analytical results have been received for 3,000m of a total projected 10,000 metres.
The step-out drilling expanded the North Boundary Zone along an interpreted NE-SW trend from the high-grade GOLDEN TRIANGLE gold reported last year in holes FK17-04, 05, and 06 as well as in FK18-10 which intersected 38.7 g/t gold over 10.0 metres, including 62.4 g/t gold over 6.0 metres starting at 114 metres downhole.
Alianza Minerals Ltd. [ANZ-TSXV] has optioned the KRL property near the junction of McLymont Creek and the Iskut River, adjacent to Aben Resources’ Forrest Kerr gold project and about 5 km from the McLymont Creek and Forrest Kerr power generation plants. Road access is less than 2 km from the property boundary. Earlier channel samples, collected on one-metre spacings, yielded 56.01, 35.93, 122.86, 194.23 and 64.04 g/t gold over 50 to 70 cm.
Apex Resources Inc. [APX-TSXV; SLMLF-OTC; RZN-FSE] holds the eastern Eldorado, central Cloud property and the western Wild property north of Stewart.
Ascot Resources Ltd. [AOT-TSXV] has a business strategy somewhat different than other Golden Triangle explorers. Its plans call for rehabilitating its Premier Mine mill and feeding it ore from three past-producing mines, namely the Premier, once North America’s largest gold mine, the Big Missouri and the Silver Coin.
Ascot’s near-term strategic goal is to define a new high-grade resource for underground mining at the dewatered and ventilated Premier Mine, while continuing to explore nearby targets on its 65 km2 Premier-Dilworth properties which are just 25 km north of the town and the ocean Port of Stewart. While the 3,000 tonne-per-day mill needs some equipment and upgrading, there is an existing tailings dam, a water treatment plant and available power.
Ascot is in the process of acquiring the Silver Coin property from Jayden Resources Inc. [JDN-TSXV], 80%, and Mountain Boy Minerals Ltd. [MTB-TSXV; MBYMF-OTC], 20%, which is expected to close in October. Silver Coin, 5 km from the Premier mill, is located between the Premier mill and the Big Missouri area.
Silver Coin hosts a NI 43-101 resource for the high-grade core hosting 702,000 tonnes grading 4.46 g/t gold in the indicated category and 967,000 tonnes of 4.39 g/t gold inferred.
Ascot’s drilling at the Big Missouri ridge has continued to intercept high-grade gold mineralization at all three known horizons: the Province Zone close to surface; the Big Missouri Zone at a depth of 160-200 metres; and an unnamed zone 100 metres below the Big Missouri Zone. Gold mineralization has been intercepted at the separate Unicorn Zone. All areas are located at the company’s Premier/Dilworth property. Highlights include 5.0 metres of 18.31 g/t AuEq in Hole P18-1714 at the Province Zone.
Benchmark Metals Inc. [BNCH-TSXV; CYRTD-OTCQB; A2JM2X-Ger; A7CA-FSE] is advancing the Lawyer’s gold and silver project along the eastern edge of the Golden Triangle in the Toodoggone region 45 km northwest of the Kemess gold and copper mine. Sampling has returned very high gold and silver assays – 220 g/t gold and +10,000 g/t silver.
Brixton Metals Corp. [BBB-TSXV; BXTMF-OTC] has completed fieldwork at its 100%-owned Thorn Project in the Sutlahine River area. Porphyry specialist, Brock Riedell, completed a program of core re-logging, geological mapping and sample collection for whole rock lithogeochemical analysis combined with short-wave infrared spectroscopy (SWIR). This is a cost-effective method to vector for copper-gold porphyry targets. Final results are pending.
Casa Minerals Inc. [CASA-TSXV] reported significant rock and soil analyses from its 100%-owned polymetallic silver-copper-lead-zinc Keaper Project 20 km northeast of Terrace. A drilling permit has also been received for the Keaper Project. Highest rock sample values, including recent 2018 samples, include: 1,512 g/t silver, 0.88% copper, 1.10% lead and 13.9% zinc; 2, 232 g/t silver, 1.12% copper, 1.28% lead and 10.94% zinc; as well as 19 g/t silver and 3.32% copper.
Recent fieldwork confirmed and extended the Nelson prospect and identified the new Lucky Crew prospect. The various mineralized prospects have been partially defined in an area that extends about 3.2 km northwest-southeast. More sampling and prospecting are planned when crews are available. Casa has held claims on parts of the area since 2008 and recently added two claims; total area is now 3,602 hectares. Casa owns a 100% interest in the polymetallic Pitman and Keaper properties and has an option to acquire a 75% interest in the Arsenault VMS property.
Copper Fox Metals Inc. [CUU-TSXV; CPFXF-OTC], 25%, and Teck Resources Ltd. [TECK.B-TSX; TECK-NYSE], 75%, operator, are conducting desktop studies, collection of environmental data as well as permitting and social studies on their advanced stage Schaft Creek copper-gold-moly-silver project 60 km south of Telegraph Creek.
Dolly Varden Silver Corp. [DV-TSXV; DOLLF-OTC] reported results of the second batch of 10 drill holes from the 2018 diamond drilling program at the 100%-owned Dolly Varden silver property. In the Torbrit East Zone, hole DV18-105 yielded 24.00 metres (22.55 m estimated true thickness) grading 287.5 g/t silver, 0.29% lead and 0.11% zinc, for a silver equivalent grade of 306.6 g/t. Within this intercept are 8.00 metres (7.52 m estimated true thickness) grading 585.2 g/t silver, 0.49% lead and 0.11% zinc, for a silver equivalent grade of 613.8 g/t.
Doubleview Capital Corp. [DBV-TSXV; DBLVF-OTC; 1D4-FSE] reported 65% optionee HudBay Minerals Inc. [HBM-TSX] has been conducting a field program on the copper-gold-cobalt-silver Hat Project 95 km southwest of Dease in the Sheslay Valley. Work included alteration mapping and an IP survey in preparation for drilling. HudBay must spend $7 million by the end of the 2019 field season.
Doubleview has spent over $700,000 building an exploration camp where work can be carried out year round. In 2014, Doubleview discovered the Lisle deposit, a significant copper-gold porphyry deposit at the Hat Project. Drill hole H-022 intersected 418.28 metres grading 0.51% copper equivalent (CuEq) from 45.5 to 463.8 metres, including 110.16 metres of 1.01% CuEq.
Eskay Mining Corp. [ESK-TSXV] reported that following airborne geophysics SSR Mining Inc. [SSRM-TSX, NASDAQ] is drilling the SIB property 70 km northwest of Stewart. The property is held by Eskay, 60%, Kirkland Lake Gold Ltd. [KL-TSX, NYSE], 20%, and SSR, 60% optioned. Drilling is now under-way. The $4 million program will drill 7,000-9,000 metres. Eskay Mining also holds the Corey property to the south.
Evrim Resources Corp. [EVM-TSXV] and 70% optionee Antofagasta Plc are exploring Evrim’s Ball Creek copper-gold-moly-silver property 60 km southwest of the Red Chris Mine. It is early stage – work includes geophysics, mapping, prospecting and defining drill targets.
Garibaldi Resources Corp. [GGI-TSXV; RQM-FSE] is conducting a major drill program at 100%-owned Nickel Mountain in the Eskay Camp as the company follows up on last fall’s nickel-copper-rich massive sulphide discovery east of the historic E&L deposit.
Assays from the first holes have confirmed wide intervals of near-surface nickel-copper-rich sulphide mineralization, also including cobalt, platinum, palladium, gold and silver, in all directions surrounding the 2017 Discovery Zone. Drilling will step out as much as 1.3 km northeast of the Discovery Zone to target a potential major expansion of the Golden Triangle’s first magmatic nickel-copper-rich sulphide system.
EL-18-22, collared 186 metres west-southwest of EL-17-14, intersected 12.5 metres of 4.3% nickel and 2.7% copper plus three additional mineralized zones (21 m, 28.7 m and 11.4 m) within the first 150 metres (extends the massive sulphide zone 42 m west-southwest of EL-17-14 massive sulphide zone). EL-18-20, collared 75 m west of EL-17-14, intersected 30.5 metres of 3.1% nickel and 1.9% copper, including 8.4 metres of 7.8% nickel and 3.3% copper (extends the massive sulphide zone 20 metres west of EL-17-14).
The peak of the summer ice melt has exposed a “ring” of never previously seen Nickel Mountain mineralization including massive sulphide outcrops and a massive sulphide boulder train around the receding margins of the E&L icefield, which is up to 1.6 km long and up to 1 km wide, immediately adjacent to the Discovery and Northwest zones.
Glacier Lake Resources Inc. [GLI-TSXV] is conducting a reconnaissance exploration program on its 100%-owned Hackett property in the Sheslay area of north-western BC. The 682-hectare property strategically adjoins the eastern border of the Doubleview Capital Corp. [DBV-TSXV] Hat property that was recently 65%-optioned to Hudbay Minerals Inc. [HBM-TSX]. The Hackett property is about 38 km northwest of the village of Telegraph Creek. Glacier Lake also completed a reconnaissance surface exploration program on its Silver Vista property near Smithers.
Golden Ridge Resources Ltd. [GLDN-TSXV] has released additional assays from the second and third holes drilled at the William’s Zone on its 100%-optioned Hank Project 140 km north of Stewart. HNK-18-005 intersected similar geology and mineralization to previously announced drill hole HNK-18-001, with 326 metres grading 0.29% copper, 0.36 g/t gold and 1.92 g/t silver. HNK-18-002 intersected similar geology over 276.15 metres grading 0.31% copper, 0.24 g/t gold and 2.33 g/t silver.
Goliath Resources Ltd. [GOT-TSXV; GOTRF-OTCQB; B4IE-FSE] reported initial prospecting on the optioned Lucky Strike property has resulted in the discovery of several new significant zones of wide-spread mineralization at surface and it has expanded its drill program to test one of these new zones. The 24,951-hectare Lucky Strike property has logging road access, is only 3 km to a major highway and 40 km north of Terrace BC in the south of Golden Triangle area.
At the optioned Copperhead property, trenching, IP geophysics, mapping, soil sampling, pad building, and prospecting are completed in preparation for drilling this newly discovered copper-rich hydro-thermal breccia, containing composite chip samples from 2017 grading 0.17 g/t gold, 4.28% copper, and 45.41 g/t silver which remains open.
GT Gold Corp. [GTT-TSXV] has made a major new gold-copper-silver porphyry discovery at the Saddle North target on the company’s Tatogga property in the northern part of the Golden Triangle. Starting at just 79 metres downhole, Hole TTD085, the first Saddle North hole of the 2018 season, returned 430 metres of 0.67 g/t gold, 0.41% copper, 0.89 g/t silver (1.30 g/t AuEq) with 822 metres of 0.42 g/t gold, 0.26% copper and 0.62 g/t silver.
In 2017, GT gold made a significant new gold-silver discovery at its Saddle prospect, located up a gentle valley only 10 km off Highway 37. The Saddle discovery comprises two parts: a high-grade, near surface, epithermal gold-silver vein system at Saddle South and, close by at Saddle North, a largely covered, porphyry copper-gold-silver-mineralized system.
GT Gold continues its rapid expansion of the Saddle South discovery, with new high-grade gold intercepts east, west, south and to depth along 1,000 metres of east-west trend and to 350 metres of north-south width. These new intercepts include 9.55 g/t gold over 40.89 metres from 534 to 574.89 metres in hole TTD079 (estimated true width of 65%).
Hawkeye Gold & Diamond Inc. [HAWK-TSXV; HGT-FSE] has discovered copper mineralization during the Phase I work program at its McBride property. Several new copper-mineralized zones were discovered during the Phase I work, including malachite-stained, chlorite and iron carbonate-altered intrusive rocks hosting fine-grained disseminated chalcopyrite on the western part of the property, and malachite and chalcopyrite in quartz-carbonate veins within volcaniclastic rocks on the northern part. Samples were taken with assays pending.
IDM Mining Ltd. [IDM-TSXV; RVRCF-OTC], which has built an excellent exploration camp, has been advancing its 100%-owned Red Mountain underground gold mining project 15 km east of Stewart. Extensive production-sized underground development has taken place which IDM has used for resource expansion and delineation drilling. Measured and indicated resources stand at 704,600 ounces of gold at an average grade of 7.91 g/t gold and 2,026,800 ounces of silver at an average grade of 22.75 g/t silver plus 61,400 ounces of gold and 77,200 ounces of silver inferred. These resources are in the Marc, AV, JW, 141, Smit, SF, Bray, Chicka and Cambria zones.
An updated Feasibility Study, scheduled for Q1 2019, will include newly defined resources and value engineering optimizations from the 2017 study. Underground bulk mining methods are primarily longhole stoping as well as the ‘Holloway Method’, for the wide, shallow-dipping deposits. Mill throughput contemplated for the study is envisioned at 1,200 tonnes per day for a production target of over 100,000 ounces per year annually.
The British Columbia Environmental Assessment Office (EAO) has completed the application review phase for IDM Mining Red Mountain gold project. The EAO referred the company’s application for an Environmental Assessment Certificate (EAC) to the Minister of Environment and Climate Change Strategy as well as the Minister of Energy, Mines and Petroleum Resources for a decision.
Of note, melting glaciers have exposed an unknown gold deposit nearby in the Lost Valley area. Panel sampling averaged 11.15 g/t gold and 82.56 g/t silver at the Money Rock target. This area will be a target for future drilling.
Imperial Metals Corp. [III-TSX; IPMLF-OTC] owns and operates the Red Chris Mine 80 km south of Dease Lake. Open pit mining activities are currently focused in the Main Zone. The 2018 production target for the Red Chris Mine is 72-77 million pounds copper and 31-33,000 ounces gold.
International Samuel Exploration Corp. [ISS-TSXV; ISSFF-OTC] has recently completed acquisitions totaling 27,240 contiguous hectares in the heart of the Golden Triangle. Preparations are underway for drilling the LGM property (Lucifer, Grizzly, Mickey West/East). IP and airborne geophysical surveys have been completed.
Jaxon Mining Inc. [JAX-TSXV; JXMNF-OTC] has received initial results from its first data compilation efforts on the More Creek Project in the Golden Triangle, a consolidation of the Foremore and Wishbone properties. The compilation identified a priority target at More Creek, which covers gold-silver and VMS mineralization. Jaxon has submitted a Notice of Work, including drilling, to maximize its 2018 exploration season.
Over $10 million of historical work, including the compilation of data from 14,523 metres of drilling in 71 holes has been completed. Initial focus is two mineralized VMS systems identified 2 km apart with a 6.5-km marker horizon. Hole FM04-04, in the marker horizon: 15 g/t gold, 6.5% zinc and 1,075 g/t silver over 3.1 metres. Jaxon’s geological team has identified the primary target as the untested marker horizon associated with the two discovered VMS systems, the BRT Zone and the Ryder Zone.
Juggernaut Exploration Ltd. [JUGR-TSXV] reported diamond drilling and IP programs on its Empire property northeast of Terrace, BC. Juggernaut is focused on two project areas – Empire and Midas – located south of the Golden Triangle. Drilling on the Midas Project is also underway.
Kutcho Copper Corp. [KC-TSXV] has released very good initial drill results (28 metres of 5.7% copper equivalent) from the Esso deposit at its 100%-owned Kutcho high-grade copper-zinc project located 100 km east of Dease Lake, east of the northern part of the Golden Triangle region. See page 47 for details.
Metallis Resources Inc. [MTS-TSXV; MTLFF-OTCQB] has begun the Phase 1 drilling program at its 100%-owned Kirkham property prospective for multiple deposit types of gold, silver, lead and zinc in the prolific Eskay Camp. This initial phase of drilling will test several high priority targets within the Hawilson Monzonite located in the southern portion of the property.
Targets include the 3-km long Cliff porphyry system that, in 2017, returned broad intersections of copper-gold mineralization, the longest being 146 metres of 0.34 g/t gold and 0.22% copper, including a significant interval of 68 metres of 0.52 g/t gold and 0.3% copper.
Another target is the Nina where most of the grab samples returned values greater than 1,500 ppm copper and up to 0.67 g/t gold. A third target is the Cole, a 450 x 350-metre wide porphyry copper-gold system that has never being drilled. Cole rock geo-chemical sampling results range from 0.2% to 0.5% copper and up to 20.7 g/t gold.
The Metallis property is adjacent to the south of the Garibaldi Resources E&L nickel-copper-gold deposit that hosts historic indicated and inferred resources estimated at 2.9 million tonnes grading 0.80% nickel, 0.62% copper, 0.34 g/t gold and 6.8 g/t silver.
A final round of geophysics was completed over the Thunder North target area, contiguous to the southern and eastern border of Garibaldi’s Nickel Mountain Project, in order to prioritize nickel sulphide drill targets after an earlier encouraging VTEM survey.
A final round of geophysics was completed over the Thunder North target area, contiguous to the southern and eastern border of Garibaldi’s Nickel Mountain Project, in order to prioritize nickel sulphide drill targets after an earlier encouraging VTEM survey.
NovaGold Resources Inc. [NG-TSX, NYSE American] reported that the transaction with Newmont Mining Corp. [NEM-NYSE], in which NovaGold agreed to sell its 50% interest in the Galore Creek Project, owned by the Galore Creek Partnership for total consideration of up to $275 million, has closed. NovaGold received $100 million and transferred its interest in the project and the Copper Canyon property to a subsidiary of Newmont.
OK2 Minerals Ltd. [OK-TSXV] holds the 100%-optioned Kinskuch Lake property and the 100%-owned Pyramid copper-gold project located in or near the Golden Triangle. The company has been awaiting permits while it is planning an exploration program.
Pretium Resources Inc. [PVG-TSX, NYSE] reported production and financial results for its Brucejack Mine in the southern Golden Triangle area. For Q2 2018, production totaled 111,340 ounces of gold and 118,205 ounces of silver. Mill feed grade averaged 14.9 g/t gold with recoveries averaging 97.7%. Process plant throughput averaged 2,604 tonnes per day for total of 236,990 tonnes of ore.
Revenue for Q2 2018 was $146.5 million on 115,309 ounces of gold sold. Total cost of sales was $86.4 million or $749/oz of gold sold. All-in sustaining costs were $648/oz of gold sold. Net earnings totaled $31.1 million ($0.17 per share).
Romios Gold Resources Inc. [RG-TSXV; RMIOF-OTC; D4R-FSE] released the results of a three-week field program completed at the end of July 2018, on its Newmont Lake property in the Golden Triangle. Field results are highlighted by elevated cobalt values at several sites: fault-related, apparent epimesothermal gold-silver-copper mineralization along a major fault, and very high gold-silver-copper-cobalt values in late-stage veins at two skarn showings.
Chip sampling along some of the exposed skarns this summer returned values of up to 1.35% copper, 3.0 g/t gold and 259 ppm cobalt. Two copper-rich carbonate veins cutting the skarn horizons returned grades of 10.4-11.5% copper, 30.3-32.5 g/t gold, less than 1-135 g/t silver and 372 ppm to 635 ppm cobalt across widths of 0.5-1.0 metre.
Exploration south of the North West Zone led to the discovery of a greater-than-one-metre-wide massive pyrite vein along the margin of the north-northeast-trending McLymont fault. A one-metre chip sample of this vein assayed 0.56% copper and 0.99 g/t gold, while 80 metres to the south-southwest, a cluster of boulders of the same material, believed to be largely in situ, assayed 1.4 g/t gold, 0.4% copper, 14.6 g/t silver and 231 ppm cobalt, with elevated tellurium values.
Seabridge Gold Inc. [SEA-TSX; SA-NYSE] has one of the largest undeveloped gold projects in the world measured by reserves – the KSM Project 65 km north-west of Stewart. An updated Preliminary Feasibility Study (PFS) estimates proven and probable reserves total 38.8 million ounces of gold and 10.2 billion pounds of copper. The KSM Project has provincial and federal Environmental Assessment Certificates.
Drilling began in May on this year’s $19.7 million KSM exploration program consisting of 28,000 metres of drilling and other surface work. In a Preliminary Feasibility Study, the estimated Base Case Life-of-Mine
Operating Costs (net of Cu and Ag credits) were negative US $179/oz of gold produced. Total Cost (including all capital, operating and closure costs and net of credits) was estimated at US $358/oz of gold produced.
Seabridge is drilling the Quartz Rise high-grade gold target on its 100%-owned Iskut Project. Last year’s drill program, the first ever at Quartz Rise, confirmed the presence of a gold-bearing intermediate sulphidation epithermal system beneath the Quartz Rise lithocap. This was the company’s target concept. The drilling intercepted several narrow, discontinuous intervals of high-grade gold.
Shamrock Enterprises Inc. [SRS-CSE] has completed its Phase I exploration program at its Portland Project, approximately 20 km north of Stewart. Work mainly focused on the Portland Block where a total of 175 soil, 33 stream sediment, five moss mat and 31 rock samples were collected in the vicinity of the Portland and Victor showings where good historical gold and silver values were encountered. Three quartz-carbonate float samples at the Portland Block returned 0.22 to 1.18 g/t gold. Soil sampling at the Victor showing highlighted a number of anomalous areas of interest. Encouraging results were also obtained at the Kimball Lake and American Creek blocks.
Skeena Resources Ltd. [SKE-TSXV; SKREF-OTC] reported the first gold-silver drill results from the recently initiated and continuing Phase I surface drilling program at the 100%-optioned Eskay Creek Project. Base metal results are pending. The former Eskay Creek Mine produced approximately 3.3 million ounces of gold and 160 million ounces of silver averaging 45 g/t gold and 2,224 g/t silver.
The Eskay Creek multifaceted Phase I program is being performed in the historically drill defined 21A, 21C and 22 zones. Phase I drilling highlights include 15.97 g/t gold, 149.16 g/t silver and 18.10 g/t gold equivalent over 34 metres (SK-18-001), including 35.39 g/t gold, 47.28 g/t silver and 36.06 g/t AuEq over 13.70 metres. Hole SK-18-003 returned 29.49 g/t gold, 973.01 g/t silver and 43.39 g/t AuEq over 27.70 metres, including 58.95 g/t gold, 2,150.52 g/t silver and 89.67 g/t AuEq over 12.15 metres.
Skeena recently reported a pit-constrained indicated resource includes 207,000 gold-equivalent ounces within 1.09 million tonnes at an average gold-equivalent grade of 5.9 g/t. The pit-constrained inferred resource includes 589,000 ounces within 4.26 million tonnes at an average gold-equivalent grade of 4.3 g/t.
Skeena also released final assay results from the 9,583-metre Phase II surface and underground drilling program at the company’s 100%-owned Snip gold project where drilling highlights included 13.80 g/t gold over 18.00 metres (UG18-110); 34.73 g/t gold over 3.50 metres (UG18-109); 11.75 g/t gold over 5.40 metres (UG18-107); and 31.20 g/t gold over 0.75 metres (UG18-107). Skeena acquired a100% interest in the past-producing Snip Mine from Barrick Gold Corp. [ABX-TSX, NYSE] in July 2017.
Sojourn Exploration Inc. [SOJ-TSXV] (halted) has bought the Willoughby, Todd Creek and Oweegee Dome properties from Millrock Resources Inc. [MRO-TSXV; MLRKF-OTCQX].
Sojourn also acquired the Seven Devils’ Oxide Peak, Eagle, Rip, and Teeta Creek properties. The company has brought in new management; namely Dr. Tyler Ruks, President and CEO, Nigelk Luckman, COO, and Jeff Kyba and Vice President, Exploration. John Meekison will remain CFO.
Spearmint Resources Inc. [SRJ-TSXV; SPMTF-OTC; A2AHL5-Germany] recently acquired a 100% interest in the 920-acre Neba West gold-copper prospect in the vicinity of Aben Resources. Spearmint’s projects also include three Golden Triangle gold prospects comprising four separate claim blocks totalling 4,095 acres bordering GT Gold, the Gold Mountain prospects of three separate claim blocks totalling 1,245 acres bordering Barkerville Gold Mines and the 3,052-acre Neba prospect bordering Aben. Spearmint’s 8,482-acre EL North nickel-copper prospect is a contiguous land package that includes the EL North, EL North 2 and the Buddy claims in the Eskay Creek camp bordering Garibaldi Resources.
Strikepoint Gold Inc. [SKP-TSXV] recently acquired the Porter Idaho property near Stewart from Skeena Resources where a 3,000-metre drilling program is testing two main areas of interest: possible new extensions to the existing veins that would have not been included in the historic resource; and known veins to recover ore zone material for assaying, the results from which could be used to modernize the historic resources. Teck Resources drilled the prop-erty back in the 1980s. Matrix has built a nearby camp for Strikepoint workers.
Strikepoint has completed the acquisition of the Handsome Jack property from Trifecta Gold Ltd. [TG-TSXV] adjacent to its Porter Idaho property. The Handsome Jack property forms a contiguous land package adjacent to the eastern border of the Porter Idaho property. The main known feature within the property is the Melvin adit, last worked in the 1920s and is assumed to intersect the northerly strike extension of the Angelo vein within the Porter Idaho property. Ore from this adit returned up to 4,286 g/t silver during production.
The company has recently increased its land position by acquiring the Big, Bada and Boom properties adjacent to its Porter Idaho Project.
Sunvest Minerals Corp. [SSS-TSXV; SRKZF-OTC] is exploring its Clone gold property. Phase I exploration comprises geochemical rock, silt and soil sampling and mapping. The program aims to generate drill targets in new glacially ablated zones surrounding the Clone and adjacent showings where Sunvest resampling of historic drill core returned assays as high as 30.3 g/t gold over 4 metres. The program also aims to identify new exploration targets over a recently acquired land package to the south which shares an extended border with Goliath Resources’ Gold Digger property.
Teuton Resources Corp. [TUO-TSXV;TEUTF-OTC] has found VMS-style (volcanogenic massive sulphide) mineralization in traverses made west of the area now being drilled on the Pearson property. Angular float containing layered sulphides – including bornite, chalcopyrite and magnetite – was located on a steep slope just below a cliff marked by patches of blue and green copper stain. Drilling is proceeding on the second hole which is targeting the source of a prominent electromagnetic anomaly.
Teuton has interests in more than 30 properties in the Golden Triangle with 11 properties under option to others. Airborne geophysics has been carried out Del Norte, Tennyson and Pearson-Mach properties.
Tudor Gold Corp. [TUD-TSXV] released initial results from its 2018 drill program on the Copper Belle Zone of the 60%-owned Treaty Creek property. Gold, silver and copper analyses have been received from the first two holes. Teuton Resources and American Creek Resources Ltd. [AMK-TSXV] each own a 20% carried interest in the property. American Creek also holds the Dunwell, D1-McBride and Electrum properties in the Golden Triangle.
To date, five holes have been completed, totalling 3,899 metres and the sixth and sev-enth holes are proceeding. Assays from the first two drill holes indicate broad intervals of more than 300 metres of gold mineralization that have expanded the known area of the Copper Belle Zone, providing positive results that will be used in future resource calculations. Significantly, the first sight-ing of coarse, visible gold has been made, within an interval that assayed 26.6 g/t gold over 1.5 metres in hole CB-18-32 and 121.8 metres of 1.036 g/t gold with 106.0 g/t silver.
In a September 13, 2018 press release Tudor Gold stated that the Copper Belle Zone has the potential to host 1.8-1.9 million ounces of gold within 45-50 million tonnes grading 1.12-1.35 g/t. Work is geared towards preparation of a mineral resource.
Tudor also has either interests or options on the Electrum, Orion, Fairweather, Delta and High North properties in the Golden Triangle.