British Columbia Continues to Attract Gold Hunters – by Marilyn Scales

Marilyn Scales - Canadian Mining JournalMarilyn Scales is a field editor for the Canadian Mining Journal, Canada’s first mining publication.

Gold has been prized throughout history and remains one of the most sought-after metals today. In British Columbia gold was found along the Fraser River (1858), along the Peace River (1861) and in the interior (1865). Dawson Creek became the jumping off point for the great Klondike gold rush of 1898.

The modern gold prospector, spurred by high gold prices and with the help of sophisticated technology, is again scouring the map of British Columbia in hopes of striking it rich. News of bonanza grades is as welcome today as it was in the 19th Century.

For example, Pinnacle Mines (51%) and Mountain Boy Minerals (49%) recently reported grades as high as 81.57 g/t over 1.52 metres at their Silver Coin project near Stewart. A quick run through the metric calculator, and that is equivalent to over 2.4 oz/ton. Such grades bring a smile to most gold lovers I know. Plus the Silver Coin property appears to have recoverable amounts of silver, copper, zinc and lead.

Also in the Stewart area, drill core from Toronto’s Seabridge Gold’s Kerr-Sulphurets-Mitchell (KSM) project is not assaying high grades (it is generally less than 1.0 g/t Ag plus copper), but it is mineralized over exceptional lengths: 745 metres, 109 metres, 498 metres, 921 metres, 500 metres and so on. The company has circulated estimates of over 19.7 million oz of gold in indicated resources and 14.3 million oz in the inferred portion. If the gold grades don’t set a heart to fluttering, the millions of contained ounces should. (For readers of the base metal persuasion, the property may also host more than 8.0 billion lb of copper.)

The deposits described here may differ, but there is no doubt that the rush for the yellow metal in British Columbia never goes out of style.

, , ,

Comments are closed.