There May Be a Modern-Day Gold Rush In The Golden Triangle

Estimated to hold about 219 million ounces of gold, British Columbia’s Golden Triangle is “often referred to as ‘Elephant Country’ given the intensity of mineral showings and deposits located there and because of the sheer scale of many of those deposits in this politically mining friendly jurisdiction,” reports Resource World. It’s all beneficial news for companies such as Metallis Resources Inc. (TSXV: MTS)(OTCQB: MTLFF)(FSE: 0CVM), Seabridge Gold Inc. (NYSE:SA)(TSX:SEA), Eskay Mining Corp. (TSXV:ESK)(OTC:ESKYF), Garibaldi Resources (TSXV:GGI)(OTC:GGIFF), and Tudor Gold Corp. (TSXV:TUD)(OTC:TDRRF).

It’s also part of the reason 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.

Look at Metallis Resources Inc. for example

Metallis Resources Inc. (TSXV: MTS)(OTCQB:MTLFF)(FSE:0CVM) just announced the Company has engaged the services of Geotech Ltd. to fly an extensive property wide Z-Axis Tipper Electromagnetic survey over the Company’s 100%-owned, 106 sq. km Kirkham Property. The Property is situated in the prolific Eskay camp of the Golden Triangle in northwestern British Columbia, a fertile region known for its past producing Eskay creek and Snip gold mines, Seabridge’s KSM porphyry deposits and Pretium’s producing Brucejack gold mine, amongst others.

ZTEM technology is exclusive to Geotech and is used to measure the variations in naturally occurring electromagnetic fields produced by thunderstorms around the globe. These variations in the EM fields help detect the resistivity contrast in rock structures and zones of sulphide mineralization in multiple intrusions and its hydrothermal alteration and silicification.ZTEM can measure these contrasts up to 2 km deep, which is ideal for the exploration of the structurally controlled 4 km-long copper-gold Cliff Porphyry System which forms part of the larger 7.5 km-long Hawilson Monzonite Complex in the central area of the Property (Click here to View Map).

Metallis’ Chief Geologist - Dr. Abdul Razique, PhD. P. Geo – commented, “Our key objective for the 2021 season is to identify and drill those deeper porphyry core zones along the Cliff Porphyry System. Based on the space-time distribution and sub-vertical morphology of the Cliff porphyry intrusions, the ZTEM is expected to provide vectors towards the deeper potassic core zones and distribution of copper-gold mineralization”. He added, “These surveys have shown to be an effective tool in mineral exploration and have produced positive results at projects such as Olympic Dam in Australia, Pebble in Alaska, and most importantly, a ZTEM outlined Seabridge Gold’s Deep Kerr deposit, part of its KSM Project, one of the world’s largest undeveloped gold projects.”

Collaboration with Eskay Mining Corp. and Garibaldi Resources Inc:

The ZTEM flight lines extend beyond the Kirkham property borders in order to gather background data from claims owned by immediate neighbors Eskay Mining Corp. and Garibaldi Resources Inc. The eastern boundary area of the Survey will cover the newly identified western Anticline of the Eskay Rift which crosses both Metallis and Eskay claim groups. Metallis has agreed to cover the costs of the Survey in this area, and, in exchange, Eskay will fly their upcoming SkyTEM survey over part of the Kirkham Property. The combination of both ZTEM and SkyTEM surveys over the eastern border area will enable both companies to locate deep conductors associated with Eskay Creek type Volcanogenic Massive Sulphide deposits in the Hazelton Group of rocks and deeper sedimentary exhalites in the lower Stuhini group of rocks. Over 10 km of the Triassic-Jurassic unconformity has been mapped on Metallis’ Property along with extensive outcrops of lower Hazelton stratigraphy. The ZTEM data will also be particularly useful in targeting the rhyolite-mudstone contact and potential VMS mineralization at the Company’s Mount Dunn, Rhyolite Ridge and Terwilligen Creek prospects.

Along the northern property border, the interpreted data and logistical costs of the ZTEM survey will be shared with Garibaldi. This will help in targeting any deep-seated chambers and/or small open systems of E&L type gabbroic rocks along the northeast-oriented Nickel Mountain complex that extends onto Metallis’ K-9 target at the southern flanks of Nickel Mountain.

Metallis’ President and CEO Fiore Aliperti stated, “The Property has been surveyed by shallow penetrating VTEM surveys in the past, but the ZTEM has the potential to identify copper/nickel or giant porphyry copper deposits up to 2 kilometers below the surface. Signing a contract for a property wide ZTEM is a key step in advancing the Kirkham Project and, specifically, the 7.5 km-long Hawilson Monzonite Corridor.” He went on to add, “Metallis has shown, yet again, we are here to work with our neighbors for the benefit of our project and, most importantly, our investors. The combination of geophysical surveys and exchange of information with our peers is a vital step towards an economic discovery at Kirkham.”

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. wishes to clarify its press release dated March 25, 2021. All of the property that was subject to the former joint venture with St. Andrew Goldfields Ltd., including the Jeff and TV targets (referred to in the Company’s press release of February 2, 2021), is now owned 100% by Eskay subject to the 2% NSR in favour of St Andrew. The map included as Schedule A shows the Company’s current 100% landholdings in the Golden Triangle and the map included as Schedule B shows the former joint venture lands.

Garibaldi Resources is pleased to provide this update further to the Company’s November 24, 2020 news release announcing completion of an initial tranche of a non-brokered flow-through private placement totaling $2,033,200 CDN by the issuance of 3,388,666 units at 60 cents per unit. The Company’s financing plans (see news release Nov.16, 2020) were earmarked to test drill the Casper quartz gold vein system which came in under budget. With the program sufficiently funded, the private placement was closed.

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. The Goldstorm Zone remains open in all directions and at depth. The effective date of the Mineral Resource Estimate is March 1, 2021.

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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