“Minerals explorers are piling up into British Columbia’s Golden Triangle, with several companies showing massive discovery potential,” says Jack Bal, CEO of Cache Exploration, as quoted by Mining Connection. In fact, majors like Newmont Mining just bought “Golden Triangle” developer GT Gold for $311 million in cash. All after GT Gold “made two major discoveries on the Tatogga property that include Saddle South, a precious metal rich vein system and Saddle North, a gold-rich copper porphyry system,” as reported by Mining Technology. That’s great news for companies operating around the Golden Triangle, including Metallis Resources Inc. (TSXV: MTS)(OTCQB: MTLFF), Seabridge Gold Inc. (NYSE:SA)(TSX:SEA),Eskay Mining Corp. (TSXV:ESK)(OTC:ESKYF), Pretium Resources Inc. (NYS:PVG), and Tudor Gold Corp. (TSXV:TUD)(OTC:TDRRF).
In addition, as reported by Resource World, “Over 130 million ounces of gold, 800 million ounces of silver and 40 billion pounds of copper have been discovered in the Golden Triangle and this is only scratching the surface. Some of this wealth came from the famous Eskay Creek Mine that was Canada’s highest-grade gold mine and the world’s fifth largest silver producer. Exploration results by numerous junior explorers have made it clear that the Golden Triangle is metal-rich with further significant discovery potential.”