Eskay Camp (AltaGas Facility), NW British Columbia
It was a dramatic end to August and a startling start to September for northwest British Columbia exploration as GT Gold (GTT, TSX-V) and Garibaldi Resources (GGI, TSX-V) delivered a powerful Thursday-Friday one-two punch that allowed the Venture to close at its highest level in 2-and-a-half months yesterday.
Indeed, there’s nothing like the Gold discovery of the year in B.C. and unprecedented Nickel-Copper sulphide intercepts for the Golden Triangle to inject new life into a slow-moving market eager for something to get excited about. If this were the 1980’s, Murray Pezim would be in his glory.
A year ago, GT Gold didn’t even exist while Garibaldi was struggling at 8 cents. They’ve both given new hope that any junior with quality properties and a little bit of good luck can suddenly hit the jackpot.
We’ll have much more Sunday-Monday for subscribers on these 2 special situations and what it means for the Eskay Camp, where multiple companies are currently active with drill programs, and the Red Chris district where many kilometers of under-explored or undrilled ground are now in play.
In the meantime, BMR has the first comments from geologist Everett Makela, GGI’s VP Exploration Canada, following yesterday’s news that the company has drilled into long intervals of Nickel-Copper sulphide mineralization (disseminated to heavy disseminated pyrrhotite-pentlandite-chalcopyrite) in its first hole at Nickel Mountain, 11 miles southwest of Eskay Creek.
In consultation with his Nickel team, Makela decided not to “play it safe” with the first hole at the E&L Nickel Mountain Property and instead went deep in the opposite direction of the historic mineralized zones – a bold move that appears likely to deliver the best Nickel sulphide drill intercept assays ever recorded in the infamous Golden Triangle, little known previously for its high-grade Nickel potential.
Click on the arrow…
Note: John, Jon and Daniel hold share positions in GGI. Jon holds a share position in GTT.
I love how Makela is trying not to smile during his explanation… He knows exactly what’s up.
Comment by johnz — September 2, 2017 @ 7:08 pm
Good info, BMR, by the way. Much appreciated!
Comment by johnz — September 2, 2017 @ 7:09 pm
Very confident, very matter-of-fact, Johnz…that says a lot.
Comment by Jon - BMR — September 2, 2017 @ 7:16 pm
If that interview doesn’t get you excited, then I don’t know what will. Reading between the lines, you can tell he is extremely excited as Makela is comparing the rock types found at Nickel mountain to other big nickel/copper complexes all over the world.
Looking at the pic of the drill on Nickel mountain, it appears hole 1 was actually positioned to drill in a northerly direction at a slight angle to vertical. Not sure how Far East of the historic deposit the hole was collared, but it also appears it was drilled to not enter the guts of the conductor, but to skirt along the southerly end of the anomaly. It just a guess and maybe I’m completely wrong.
And then someone throws 6 million dollars at them – hmmmmmm…….
Comment by Dan1 — September 3, 2017 @ 5:53 am