Mineral Exploration

Winter 2019

Mineral Exploration is the official publication of the Association of Mineral Exploration British Columbia.

Issue link: http://digital.canadawide.com/i/1189730

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Page 38 of 63

W inte r 20 1 9 39 Precious metal projects Ascot Resources Ltd. acquired IDM Mining Ltd. and its Red Mountain project. At its Premier project, Ascot continued to drill at the past-producing Premier mine and the Big Missouri and the Northern Lights zones. As well, the company drilled at its nearby Silver Coin project. As of early October, more than 50,000 m of drilling had been carried out on these projects. Results included 24.45 g/t Au across 8.43 m, including 150 g/t Au across 1.0 m at Premier, 56.80 g/t Au across 1.65 m at Big Missouri, 9.41 g/t Au across 2.45 m at Northern Lights, and 11.44 g/t Au across 6.00 m at Silver Coin. Skeena Resources Limited announced in August that a phase one 15,000 m drill program was underway at its Eskay Creek project. Reported results included 17.93 g/t Au and 15 g/t Ag across 22.65 m and 27.37 g/t Au and 18 g/t Ag across 9.4 m. At its KSM project, Seabridge Gold Inc. planned 4,000 m of drilling to test high- grade gold targets at the Sulphurets deposit. High-grade epithermal gold mineralization was discovered in 2018 during waste characterization and geotechnical drilling for the proposed Sulphurets pit. Brixton Metals Corporation carried out a 1,992 line km helicopter-borne magnetic survey, soil sampling, and rock sampling, and drilled 1,618 m at its Atlin Goldfield project. Gold mineralization was intersected in 13 of 22 holes. Results included 8.53 g/t Au across 2.0 m at the LD showing and 3.6 g/t Au across 1.0 m at the Pictou showing. Margaux Resources Ltd. acquired the Cassiar Gold project from Wildsky Resources Inc. The project contains two historic resources, Taurus and Table Mountain. Margaux carried out a review of historic drilling and announced a mineral resource estimate in the Inferred category of 21,830,000 t grading 1.43 g/t Au at a 0.7 g/t Au cut-off for the Taurus deposit. Sky Gold Corp. drilled a total of 811 m in six holes on the Clone Gold project. Highlight results included 8.57 g/t Au and 1.06 g/t Ag across 5 m, 124.6 g/t Au and 5.6 g/t Ag across 4.1 m, and 0.63 g/t Au and 474 g/t Ag across 2 m. Tudor Gold Corp. reported drilling results for its Treaty Creek project. Highlights from the Goldstorm zone included 1081.5 m averaging 0.589 g/t Au including an upper interval of 301 m containing 0.828 g/t Au. American Creek Resources Ltd. has a 20 per cent carried interest in the project. Drilling results from more than 10,000 m of drilling at Aben Resources Ltd.'s Forest Kerr project continued to expand the mineralized area of the North Boundary zone. Highlights include a 16 m interval that averaged 2.22 g/t Au, 2.39 g/t Ag and 3050 ppm Cu. In this zone are two separate 1 m high-grade intervals. One yielded 19.85 g/t Au, 9.10 g/t Ag, and 6810 ppm Cu, and the other 11.30 g/t Au, 8.70 g/t Ag, and 14,200 ppm Cu. Base and precious metal mineralization has now been defined across an area of more than 600 m by 250 m. Mapping, geophysics, trenching, and rock and soil sampling carried out by Metallis Resources Inc. on its Kirkham property outlined a strongly altered 1,000 m long by 300 m wide zone of northeast- trending faults that appear to control high- grade gold-bearing quartz sulphide veins. These veins were the target of a phase one 4,000 m drilling program. Crystal Lake Mining Corporation's Newmont Lake project has both precious metal and porphyry targets. Drilling at the Lake Gold Corridor target returned 15.11 g/t Au across 8.0 m. Engineer Gold Mines Ltd. began a planned 3,000 m of drilling at the Engineer Gold Mine project. Dewatering of historic workings continued, which will allow access for planned underground exploration, development, test mining and bulk sampling. Libero Copper & Gold Corporation carried out soil sampling, rock chip sampling and geologic mapping at the Big Red property. A single continuous 50 m chip sample at the Ridge gold target assayed 5.14 g/t. At the Copper Bowl target, five contiguous 50 m continuous rock chip samples returned 2.91 g/t across 250 m. StrikePoint Gold Inc. carried out approximately 2,000 m of drilling at its Willoughby project. Initial assay results for the Wilby zone included 3.87 g/t Au across 11.7 m. Results for a 100 m step-out from the North zone returned 26.28 g/t Au and 95 g/t Ag across 4.0 m. Within this was a 1.0 m high-grade interval assaying 102 g/t Au and 356 g/t Ag. Scottie Resources Corp. announced that a phase one drilling program of 2,000 m was to be split between its Scottie Gold Mine and Bow properties. Cu-Mo, Cu-Au-Ag, Mo (porphyry) projects GT Gold Corp. announced a $17.6-million financing by Newmont Goldcorp Corporation for exploration for the Tatogga project. A phase one 8,652 m drilling program at the Saddle North target continued to return good results, including 0.55 per cent Cu, 0.91 g/t Au, and 1.34 g/t Ag across 500 m. Phase one was followed by a phase two 15,000 m program in the fall. Golden Ridge Resources Ltd. carried out drilling on its Hank and Ball Creek projects. At Hank, broad intervals of copper-gold mineralization continued to be intersected. Reported assays included 0.35 per cent Cu, 0.28 g/t Au, and 1.71 g/t Ag across 278 m within 380.5 m of 0.28 per cent Cu, 0.22 g/t Au and 1.43 g/t Ag. The Ball Creek project was optioned from Evrim Resources Corp. in July and Golden Ridge also carried out prospecting and mapping programs. Goliath Resources Ltd. drilled 1,741 m in three holes at the Lucky Strike project. Drilling intersected the newly discovered Lorne Creek porphyry. All holes intersected sulphide mineralization from surface to end of hole. Galore Creek Mining Corporation is a 50/50 partnership between Newmont Mining Corporation and Teck Resources Limited. In 2019 the company began a three- to four-year commitment for the Galore Creek project to complete a prefeasibility study to better understand it overall. In 2019, the focus was on advancing project knowledge in the areas of access and infrastructure, exploration, geoscience, resource modelling, geotechnical engineering, geohazard mapping, metallurgy, mine planning, Tahltan NORTHWEST REGION 2019-11-13 3:16 PM

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