British Columbia Golden Triangle is home to one of the world’s largest gold/silver mines in the world. Located in Western Canada along the British Columbia and Alberta border, the Golden Triangle first gained prominence in 1988 with the discovery of the Eskay Creek, which has turned out to be one of the most mineralized areas in the world.
After being deserted for decades, the Golden Triangle is yet again buzzing with exploration and mining activities thanks to geological and economic changes that have come to play in recent years. The Golden Triangle is once again a hotbed for exploration activities having emerged as the new Canadian gold rush epicenter. Researchers believe that gold endowment at the golden triangle could equal that of Nevada’s Golden Trend believed to be the host of the largest accumulation of gold in the Western Hemisphere.
The current rush is attributed to the fact that the Golden Triangle has the potential to host some of the world’s most profitable deposits made up of high-grade gold as well as silver veins. Mining companies have also discovered large scale porphyries as well as volcanogenic sulfide also known for possible large-scale gold deposits.
In light of the price of gold surging to a six-year high alongside signs of an edging silver hike, the Golden Triangle is looking highly attractive to gold investors. With more than 130 million ounces of gold and 800 million ounces of silver, as well as 40 million pounds of copper discovered, now may be the best time for mining companies to pump money into the highly mineralized area.
Exploration in the Golden Triangle is also cost effective thanks to new infrastructure made up of roads as well as shipping facilities and electricity generation. Likewise, the golden triangle has a connection to a high voltage line that continues to provide a reliable source of energy for mining operations. The new geological model, as well as first nation relationships, has also opened the door for mining companies to explore the area.
Stocks To Watch
Crystal Lake Mining Corp (TSX.V: CLM) is one of the companies that are conducting meaningful exploration and mining activities at the British Columbia Golden Triangle. The company owns significant prospective land in the triangle totaling 436 square kilometers as part of its Newmont Lake Project, mostly in and around the Eskay region.
The Newmont Lake project has already exhibited solid potential affirming Crystal Lake’s position as one of the elite players in the Golden Triangle. The company’s geologist has already discovered a copper-rich porphyry system that has the potential to generate significant returns when fully mined. Backed by a solid balance sheet, the company remains well-positioned to bring the Newmont project to fruition and generate significant returns for shareholders.
Auramex Resource Corp. (TSX.V: AUX) is another Canadian exploration and mining company sending shockwaves in the Golden Triangle. The company owns a 6,400-hectare property located on Highway 37A at the Stewart camp. Modern explorers have overlooked this region choosing to focus further north uncovering mines such as Brucejack, producing nearly 400,000 oz of gold per year. Also, Premier Mine, approximately 29km north/west of Stewart, is also known to be one of the most important mines in BC.
Consequently, the company has consolidated a significant land position on which it plans to deploy its geological expertise in the quest for large mineral discoveries.
Some of the properties that the company has acquired have a well-documented historic production with solid evidence of gold/silver mineralization.