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A junior resource company’s place in the mining food chain is to acquire projects, make discoveries and hopefully advance them to the point when a larger mining company takes it over. Discoveries won’t be made if juniors aren’t out in the bush looking at rocks.
We think interest in exploration and/or development focused juniors operating within BC and the Yukon will get a lot hotter due to the region’s prevalence of red metal. The way the copper market is going, with structural deficits appearing that we’ve been warning about for years, and prices at +$4.40/lb, we believe we’re in for a resurgence of British Columbia and Yukon exploration, development, M&A’s and mining.
In 2021, NorthWest drilled the East Niv property for the first time, resulting in discovery of a new copper-gold porphyry system. The plan is to complete geological mapping, induced polarization geophysical surveys, and geochemical sampling programs over the 4 x 5-km Southwest target to define initial copper-gold porphyry drill targets.Ascot Resources has two projects in the Golden Triangle, Premier Gold and Red Mountain.
borders the KSM property to the southwest and the Brucejack mine to the south. The past-producing Eskay Creek mine is 12 km to the west. The project hosts the Goldstorm deposit, which according to Tudor, is one of the largest gold discoveries of the past three decades. North Toe is a copper-gold porphyry target previously covered by a retreating glacier. North Toe is around 8 km northeast of Burgundy Ridge, and is believed to be part of a 20-km structural corridor controlling copper-gold mineralization known as the Copperline.Kodiak Copper’s MPD copper-gold porphyry project consolidated four properties: Man, Prime, Dillard and Axe. MPD is located near Merritt, southcentral BC, in the Quesnel Trough.
In February, Dolly announced that 2023 step-out drilling encountered a new gold-rich zone to the northwest of the Homestake Silver deposit. Goliath’s updated model at Surebet confirms six new gold veins for a total of 10, increasing the tonnage potential to 78-97 million tonnes.Silver North’s underexplored Haldane project demonstrates high-grade, high-width potential akin to the veins being mined at the Yukon Territory’s Keno Hill, one of the most prolific silver districts in Canada.
Silver North has an option agreement with Coeur Mining, which can earn 80% ownership in the project by spending $3.5 million on exploration over five years, making $575,000 cash payments and completing a feasibility study within eight years.Core Asset’s Blue property is in the last unexplored area of British Columbia’s Stikine Terrane. It consists of three projects with a combined 11 exploration targets.
The company completed a definitive feasibility study for Eskay Creek in November 2023 which highlighted high-grade, pit-constrained reserves of 4.6Moz AuEq at an average grade of 3.6 g/t AuEq. Skeena is aggressively advancing Eskay Creek toward production, with construction activities continuing in 2024.
Six mineralization types have been identified: extremely fine grained pyrite in host rocks that have been pervasively altered to a mixture of sericite and quartz; a stockwork of quartz veinlets carrying coarse-grained pyrite and chalcopyrite plus or minus visible gold; a stockwork of fine pale yellow-brown sphalerite-galena with plus or minus chalcopyrite and plus or minus visible gold; massive pyrite veins with variable amounts of chalcopyrite and quartz with generally low to significant gold...
AOTH/Richard Mills makes no guarantee, representation or warranty and accepts no responsibility or liability as to its accuracy or completeness.
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