Archive | British Columbia’s Golden Triangle Mining District

[B.C. Golden Triangle – Pretium Resources] In the Valley of the Kings – by Virginia Heffernan (CIM Magazine – April 18, 2016)

http://magazine.cim.org/en/

Up above the treeline in the mountains of northwestern B.C., Pretium Resources’ Brucejack project promises to add lustre to the province’s mining industry.

Cost overruns in the gold mining industry have become so commonplace that investors are justifiably wary of feasibility estimates. But the Brucejack project in British Columbia is trending in the opposite direction as construction progresses, shedding capital costs amid fiercely competitive conditions for equipment and contractors and favourable currency markets.

Since Vancouver-based Pretium Resources released a feasibility study for Brucejack in mid-2014, estimated capital costs for the project have dropped 14 per cent to US$641 million. That excludes the US$56 million in working capital set aside for startup in case gold receipts are delayed. The portion allocated to the underground mine fell 33 per cent to about US$101 million. Continue Reading →

BUILDING A MINER IN THE GOLDEN TRIANGLE – by James Kwantes (Resource Opportunities – September 16, 2016)

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IDM Mining (IDM-V) site visit

Getting to IDM Mining’s Red Mountain gold project in northwestern British Columbia wasn’t quite “planes, trains and automobiles,” but it was close. First I flew from Vancouver into Smithers. There’s some family history in the neighbourhood — down the road is Houston, where my grandfather settled with his family after emigrating from the Netherlands. There’s some family history for IDM CEO Rob McLeod, as well.

From Smithers it was into a rental car for the 330-kilometre trek to Stewart, nestled beside the Alaska panhandle. Jagged mountain peaks and tall waterfalls make the final approach beautiful.

A helicopter picked me up for the last leg to Red Mountain, 15 kilometres northeast of Stewart. It was a cloudy day, so the pilot had to take the “long way,” threading his machine through the Bitter Creek Valley to the site. It’s the same route the road will take from Stewart — in the helicopter, it was still only about 10 minutes. Continue Reading →

History of Mining – Stewart, B.C. (Python Mining Consultants – 2010)

Above Video: From the 1970’s CBC series ‘The Northerners’ with host Bob Switzer, remarkable footage of early gold and silver miners in the Stewart area, Anyox and Kitsault.

http://www.pythongroup.ca/

Stewart, B.C. is a small town tucked at the head of the Portland Canal District, in British-Columbia. The town was once as large as 10,000 people before the First World War yet now holds less than 500 permanent residents. This is largely due to the fact that the town once had an active mining industry. That is no longer the case today. This article looks to outline the mining activities that occurred in and around Stewart, B.C. in the past.

Exploration in the area began in 1898, when a group of 68 prospectors travelled to the area in search of placer gold deposits. Evidence suggests, however, that the Nass River Indians knew the area at the head of the Portland Canal well before this and referred to it as Skam-A-Kounst, meaning safe place. They would travel to this area as a retreat from the harassment of the coastal Hiadas.

Here, they would hunt birds and pick wild berries. In 1896, Captain D. Gilliard arrive in the area, exploring the area on behalf of the U.S. Army Corps of Engineers. Continue Reading →

A revival takes shape in B.C.’s Golden Triangle – by James Kwantes (CEO.ca – April 4, 2016)

https://ceo.ca/

This is a story about past, present and future in a mineral-rich corner of the North American continent. High-grade gold mines like Snip and Eskay Creek helped give northwestern British Columbia its Golden Triangle moniker. If those two operations are symbolic of the region’s rich past, Red Chris holds a strong claim on the present.

The Imperial Metals (III-T) mine is the latest to go into production. This year Imperial expects to pull out more than 90 million pounds of copper and more than 60,000 ounces of gold from Red Chris, a large copper-gold porphyry deposit.

Red Chris feeds into the government funded Northwest Transmission Line, a 344-km 287-kilovolt power line completed in 2014 at a cost of more than $700 million. Imperial Metals built a 93-km extension to the new power line to feed Red Chris. So the infrastructure push — the power line, roads and new Hydro projects — in the Golden Triangle is a major reason for present-day optimism about revitalization. Continue Reading →

British Columbia’s Golden Triangle – by Lawrence Roulston (Kitco.com – September 24, 2012)

http://www.kitco.com/

[While a bit dated, this article is very informative. Stan Sudol-RepublicOfMining.com]

With a strong financial backer, Calpine was able to carry out a comprehensive
exploration program. They drilled more than 100 holes that were geologically
encouraging, but which would not have attracted the attention of most investors.
It was hole number 109 that convinced investors of the significance of the Eskay
Creek discovery. That hole, one of the most impressive drill holes of all time,
encountered an extraordinary 208 meters that assayed 27 grams per tonne gold
and 30 g/t silver.

A corner of Canada’s western-most province hosts one of the richest mineral belts in the world. Few investors yet appreciate the enormous value of that region.

British Columbia, long recognized for its exceptional mineral wealth, is regaining prominence among mining investors. Canada in general is looking increasingly attractive as the mining industry faces mounting challenges in many jurisdictions around the globe. Continue Reading →