Ice melt in B.C.’s Golden Triangle reveals new findings
Melting glaciers in British Columbia’s Golden Triangle reveal new findings.
The Golden Triangle of British Columbia, located in the northwestern region of the province, contains some of the most significant gold deposits in Canadian history. This region has played a major role in the Canadian mining industry for decades, attracting prospectors and companies from around the world.
While the focus has been on silver and other economically important materials, with the evolution of technology and climate change, gold is fast becoming the main player in the Golden Triangle.
One of the most visual aspects of our changing climate is the melting and retreating of glaciers all over the world. This phenomenon occurs in British Columbia also, glaciers on both sides of the Rocky Mountains shrinking.
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Goldplay Mining (TSXV: AUC) is a Canadian junior exploration company focused on the exploration and promotion of gold, silver and copper assets.
“These glaciers in and around the Golden Triangle are thinning by about half a meter to a meter per year. It doesn’t sound like a lot, but it’s taken over 30 years, we’re talking about 100 feet of lowering, ”said Brian Menounos, Canada Research Chair in Glacier Change at the University of the North. British Columbia.
Receding glaciers have opened up new economic opportunities for prospectors and mining companies seeking to access and extract minerals previously inaccessible areas buried under a thick shield of ice thousands of years old.
The “ultimate fate of the glaciers is going to be determined by greenhouse gas emissions, especially over the past 30 years and the next 80 years,” according to Ben Pelto, lead author of a recent study sizes and changes in glaciers. Pelto also said that “glaciers will disappear from the basin in about 65 to 80 years.”
History of the Golden Triangle
The Golden Triangle mining district of British Columbia stretches south near Stewart, British Columbia, and runs north to the begging Alaska and is a major source of gold and d ‘other economically important minerals. With its rich and diverse geology, the Golden Triangle has the potential to host several types of the world’s most profitable deposits, including high-grade gold and silver veins, large-scale porphyries and volcanogenic massive sulphides.
During the 19th century, the Golden Triangle experienced three gold rushes, starting with the Stikine Gold Rush in 1861. The first official mine, aptly named Premier Gold, began operating in 1918 , but it wasn’t until the heyday of Eskay Creek and Snip Mines in the 1990s that the area earned its current nickname.
Between 1991 and 1999, the Snip deposit produced 1.1 million ounces at an average grade of 27.5 g / t gold. The Eskay Creek mine was discovered in 1988 by junior companies Stikine Resources and Calpine Resources and would become Canada’s highest-grade gold mine (49 g / t) and the world’s fifth-largest silver producer, with production lifetime total of more than 3 million ounces of gold and 160 million ounces of silver.
Minerals on display and the urge to explore
As glaciers recede and minerals are exposed, prospectors, miners, and other companies rush to explore areas not included in the original gold rushes. One of these companies is Goldplay Mining (TSXV: AUC) and their Scottie West gold project.
Historically, work in this area has focused on the neighboring Scottie Gold mine to the east, which extracts both gold and silver. Very little work has been done on the Scottie West property as the majority of the property has been covered with glaciers.
As the glacier recedes, surface rock exposures appear, providing new exploration opportunities previously unattainable. Goldplay Mining hopes to capitalize on this newly exposed area.
Throughout 2020, Goldplay and its partners at Roughrider (TXSV:REL) conducted an airborne geophysical survey, evaluating and comparing the data with historical data from the airborne magnetic survey. The information gathered will be used to conduct the first prospecting and other geological work on the property in the summer of 2021.
Golden Goliath Resources (TSXV:OBTAINED) is another company that has increasingly focused on the Golden Triangle over the past 3-5 years due to retreating glaciers. Roger Rosmus, CEO of Goliath Resources, mentionned, “Our hope is to find brand new elephant-like discoveries,” while explaining how even without digging, his team discovered deposits of gold, copper and silver directly on the surface.
Scottie Resources (TSXV: SCOT) and Aux Resources Corporation (TSXV: AUX) ad a merger in April 2021. The merger saw the creation of a consolidated company that now owns the Cambria, Silver Crown, Independence, American Creek, Lower Bear and Bear Pass projects in the Golden Triangle region.
“This unique business combination creates an exciting gold-silver explorer with seven historic mines and over 500 km2 of claims in the heart of one of Canada’s most prolific mining camps,” said Ian Slater, CEO AUX. “Camp Stewart has been in desperate need of consolidation on this scale for decades. I am delighted to be a part of this irresistible new opportunity. “
Origen Resources (CSE: ORGN) is also active in the region, having recently received his license to begin phase 1 drilling on its LGM property in the Golden Triangle.
It is clear that there is substantial interest in this area as companies quickly strive to obtain the right permits to launch their exploration and development programs. With further exploration, early arrivals to the Golden Triangle region should be able to capitalize on the newly discovered gold deposits.
British Columbia’s Golden Triangle has been one of the world’s leading mining jurisdictions for decades. As glaciers retreat into and around the Golden Triangle, exhibits of surface rocks appear, providing new exploration opportunities previously unattainable. Investors should pay attention to these new discoveries and future plans, which may have considerable upside potential.
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