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BullMarketRun.com Special Report

From The AltaGas Camp Near The McLymont Hydroelectric Facility

The Eskay Camp flexed its muscles again today, building on its reputation as one of the world’s most prolific high-grade Gold districts while the hunt for Nickel has expanded several kilometers southeast of Garibaldi Resources‘ (GGI, TSX-V) Nickel Mountain discovery.

Colorado Resources Ltd. (CXO, TSX-V)

The key takeaway from Colorado Resources‘ (CXO, TSX-V) 158 ounce–per-tonne (4,470 g/t) intercept over half a meter, reported following the close today, is that where there’s smoke, there’s fire – and there’s a lot of smoke around the old AK adit at Inel where there has actually been limited historical systematic drilling and sampling.

Colorado has honed in on a high-grade target area and the company reported this afternoon that 6 additional holes were completed (assays pending) at 50-m spacing after the discovery of coarse visible Gold (see below) at shallow levels in drill hole #81.  Assays released today confirmed 1,670.5 g/t Au over 1.4 m in hole #81 including a Pretium-like 4,470 g/t Au over 0.5 m (35.6 m to 36.1 m).

Last year’s drilling along the AK trend by Colorado was further south.  They moved north along this promising trend this summer and more holes are being drilled in this area of structurally controlled mineralization during Phase 2 which will continue into the fall.

Inel has plenty of ability to produce bonanza grades – what a 158 ounce-per-tonne intercept looks like!

CXO shallow intercept from hole #81.

High Grade At Inel Ridge

Approximately 500 m southwest of drill hole #81, at Inel Ridge, hole #55 has intersected 2.6 m grading 31.6 g/t Au (from 191.9 m to 194.5 m) including 1.1 m @ 63.3 g/t Au.  A little deeper, separate 2-m intervals graded 10.5 g/t Au and 7 g/t Au with the hole ending in mineralization at 249 m.  The strength of the mineralizing system is also demonstrated by the broad interval of 73 m returning 1.7 g/t at shallower levels between 102 m and 175 m.   Hole 55 was drilled to test an area 50 m below a 2016 intersection that returned a 1-m intercept of 53.1 g/t Au in hole #42. 

Drilling at Inel Ridge (BMR photo).

Note the rusty rocks and structural fabric in the big rock in the foreground – good sign!  Geologists have identified new mineralized trends at Inel Ridge associated with the 8 km-long Big Rock Deformation Zone, an important secondary structure off the main KSP thrust fault.  Secondary structures off main thrust faults are driving forces for deposits throughout the district.

Very limited drilling at Inel Ridge has ever been carried out.

Updated charts for CXO and other Eskay Heart of Gold Camp plays, plus a spectacular new photo looking toward Nickel Mountain, in the expanded subscriber-only part of tonight’s report.