Just over a decade ago, Dr. Raymond Goldie wrote and published a fascinating book, “Inco Comes To Labrador“.
We’re beginning to believe that the respected geologist, mining analyst and periodic BNN guest may soon be writing another gem, “Labrador Comes To Eskay Camp.”
The Voisey’s Bay expertise that Garibaldi Resources (GGI, TSX-V) is tapping into is going to be critical for this upstart junior which has confirmed it has the first magmatic Nickel-Copper-Platinum group element massive sulphide system, with Gold and Cobalt values as well, in British Columbia’s prolific Golden Triangle.
That’s a major development in B.C. exploration. The E&L is situated at Nickel Mountain, just 11 miles southwest of the incredible past producing Eskay Creek mine in a world class high-grade Gold and Copper-Gold porphyry Camp that obviously hasn’t stopped astounding geologists with its seemingly unlimited potential and amazing twists and turns (Pretium’s Brucejack goes into commercial production later this year). This area – the Eskay Camp or the “Heart of Gold Camp” as we’ve referred to it – is recognized as one of the most richly mineralized parts of the entire planet, so why couldn’t there be a “Voisey’s Bay 2” in such a favorable setting?
Garibaldi’s find at E&L is rapidly completing the critical “checklist” geologists have for a high probability major massive sulphide deposit as GGI disclosed 2 days ago, news that was immediately followed by a big uptick in trading activity including a technical breakout. With what is now known about the E&L deposit and system, positive results from new drilling at the property would rewrite the geological playbook for the district and help trigger a tsunami of investor interest considering how active the area is going to be (approximately 10 companies will be drilling).
How is it that a potential major Nickel-Copper-rich massive sulphide deposit could have been overlooked all these years in the Eskay Camp? We put that question to the experts, beginning with Dr. Goldie in Part 2 of our series with the mining analyst (more excerpts as the week continues).
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