B.C.’s Golden Triangle, a resurgence in infrastructure investment

B.C.’s Golden Triangle, a resurgence in infrastructure investment

VANCOUVER – The Golden Triangle is an area of northwestern British Columbia that has seen extensive historic mining and prospecting activity, and has recently been the site of modern discoveries, including the Premier Gold, Snip and Eskay Creek Mines. The area has seen a resurgence in infrastructure investment which supports exploration activities, including upgraded transmission lines supplying clean, affordable and reliable hydroelectric power. Other recent improvements include highway upgrades, new ocean port infrastructure at the ice-free port of Stewart and the commissioning of three hydroelectric facilities.

This week, American Creek Resources Ltd. (TSXV: AMK) has reported high-grade gold samples from the late fall of 2017 sampling program that was conducted at the company’s 100% owned Dunwell Mine project located in the Golden Triangle.

A total of 30 rock samples were collected from multiple locations on the property, both on surface and underground. Sampling targeted mineralized veins that were encountered while exploring the property and determining the location of past diamond drill holes from drilling conducted in 2010 by the previous owners. The majority of the samples contained high-grade gold including high-grade silver, zinc, and lead with some copper.

Last week, StrikePoint Gold, (TSXV: SKP) (OTCQB: STKXF)  a well-financed gold exploration and development company has recently increased it’s land position.

The additional ground secures StrikePoint’s exploration potential in the area, including straddling what is locally known as “The Red Line”. This is a geological contact between Triassic and Jurassic aged rocks which is a key marker for copper and gold mineralization, and most of the deposits within the “Golden Triangle” area are found within 2 kilometers of this contact zone. This increases the commodity potential within the property portfolio in British Columbia from silver to include a potential for gold and copper discoveries.

Acquiring this additional property also gives StrikePoint access to all the major exposures of rocks around the periphery of this section of the Cambria Icefield. Ice cover in this area has been reduced by 30 to 40 percent since the 1980’s, and so many of these exposures have never been prospected. Geologists are currently on site and are positioned to explore these new areas of ground during the 2018 field season.

Junior exploration investors are looking forward to more news on B.C’s favoured Golden Triangle.

 

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