Source: Rick Mills for Streetwise Reports 05/07/2018
Rick Mills, founder of Ahead of the Herd, discusses the Golden Triangle region of northwest BC and some junior companies gearing up to explore new and existing targets.
Geology
“Geologists are scrambling to understand what created the phenomenal concentrations of gold at the Valley of the Kings discovery of Pretium. Recent drill results include 0.5 meters that carried 41,582 grams per tonne gold (1.6 feet at 1,213 ounces per ton of gold). Another hole hit 2,393 g/t gold 1,605 g/t silver over 10.7 meters (70 ounces gold and 47 ounces of silver per ton over 35 feet). Numerous intersections have exceeded 1,000 g/t, grades rarely seen in gold deposits.
The broad picture, in simplest terms, is that most of British Columbia is made up of blocks of crustal material (terranes) that have been accreted to the coast over a period of hundreds of millions of years. Those terranes include a wide variety of rock types, including metal-rich material derived from the depths of the crust. Most metal deposits are derived from hydrothermal systems. That is, superheated water, circulating kilometers deep in the crust, gathers metal atoms and then deposits them in particular zones, creating concentrations of metals. Typically, such a system would remain active for hundreds of thousands of years to as much as perhaps a couple of million years. For reasons not yet well understood, the hydrothermal processes in the Golden Triangle were active for much longer, in some areas for perhaps 10 million years. Few areas on the planet have seen such long-lived geological conditions.
That long period of stable mineralizing systems played an important role in creating the high concentrations of metals at Eskay Creek and Valley of the Kings. It is also the reason for the very large and well mineralized systems at Red Chris, KSM, Galore and other porphyry deposits in the region.” — Kitco.com, British Columbia’s Golden Triangle
About 150 million years ago during the Jurassic geological period, an uplift of Jurassic and older rocks cut across central British Columbia and resulted in the separation of the Bowser and Nechako basins. Rocks exposed along the “Skeena Arch” represent a magmatic arc, where over a long period of time, magma rose up from deep in the earth to produce a wide range of mineral deposits including porphyries, precious metal veins, and coal. The Skeena Arch has some of the mostly richly endowed mineral terrain in BC and has been a destination for prospectors and mining companies for the past 125 years.
The map below shows the Golden Triangle where a lot of historical exploration and mining has taken place in the last century and a quarter, and where over the past couple of years juniors have rushed in to stake claims as mineral exploration conditions and the gold market have improved.