Things that make you go HMMMM Golden Triangle [ESK.V][MTS.V][GGI.V][SKE.T]

Things are starting to get REAL interesting in the Golden Triangle with Eskay Mining clearly on track for a major discovery (or rather, major discoveries).

https://eskaymining.com/news/news-releases/eskay-mining-encounters-broad-intercepts-of-precio-3665/

Drill Highlights from Eskay Mining's latest press release... importantly all these holes are from stockwork feeder part of the system and not the massive sulphides - so my personal expectations are to see much high grades with 93 holes pending assays.

• 26.0m grading 1.9 gpt Au and 367.7 gpt Ag (6.8 gpt Au eq) within 47.77m grading 1.3 gpt Au and 287.4 gpt Ag (5.2 gpt Au eq) within 140.28m grading 0.9 gpt Au and 123.2 gpt Ag (2.6 gpt Au eq) in hole TV21-63.
• 24.09m grading 2.2 gpt Au and 374.0 gpt Ag (7.2 gpt Au eq) within 44.41m grading 1.5 gpt Au and 236.0 gpt Ag (4.7 gpt Au eq) within 92.3m grading 1.1 gpt Au and 124.0 gpt Ag (2.7 gpt Au eq) in hole TV21-54.
• 14.17m grading 3.3 gpt Au and 37.2 gpt Ag (3.8 gpt Au eq) within 30.41m grading 2.1 gpt Au and 25.9 gpt Ag (4.7 gpt Au eq) in hole TV21-47.
• 8.70m grading 3.4 gpt Au and 115.4 gpt Ag (5.0 gpt Au eq) in hole TV21-52.
  

While we wait for more assays though, I started to think about the area in general - like in Newfoundland, New Found Gold appears to have the best grounds, as does Eskay Mining. But both regions are very much under explored and I can't help but just go HMMM and share some of those.

HMMM #1

https://cdn.discordapp.com/attachments/388828699941928960/908534083787817010/unknown.png

1) Highly silificied feldspar porphyry with sulphide mineralization
2) Sulfide stockwork feeder mineralization encountered in recent drilling at Jeff target
Source: Eskay NR, Metallis NR - 2021 season (both unassayed)

Can you guess which core is from Metallis and which is from Eskay?

Why does the core look so similar?

(Disclaimer: Not a geologist, so I really dont know what to make of them looking nearly identical to me - both of these photos are found in respective company's NRs in the past 4-5 months)

HMMM #2

MTS/GGI have not put out SKYTEM results, but ESK has outlined a western anticline across Garibaldi and Metallis Lands, overlapping with Eskay grounds.
 

Source: https://www.accesswire.com/users/newswire/images/631843/a2f6e463-07c0-4528-9c33-bc4146aaf35f.png

Are all these anticlines prospective for VMS?

Metallis Resources VMS Targets [Source:https://metallisresources.com/regional-targets/]

Rhyolite Ridge:
Gossanous mudstone and Rhyolite lenses
VMS Target

Dike Swarm:
Felsic dikes in Hazelton group rocks
VMS Target

Iliad:
Coincident Mag, Resistivity and gossan
VMS Target

Maxmillion:
Coincident Mag, Resistivity and anomalous geochemistry
VMS / IOCG Target

HMMM #3

"Prospective Hazelton Group rocks"
Source: https://eskaymining.com/news/news-releases/numerous-new-precious-metal-rich-vms-targets-emerg-2210/

"The Lower Jurassic Hazelton Group, host to the Eskay Creek Precious and Base Metal Volcanogenic Deposit"

How much Hazelton do you see immediately west of ESK claims owned by MTS?
Source: https://metallisresources.com/wp-content/uploads/2021/03/MTS_GeologyMap_OTHER_TARGETS-scaled.jpg

 
What kind of rocks surround the highest grade intercepts at Garibaldi? Hazelton Group.
Source: https://www.garibaldiresources.com/site/assets/files/3829/double_section_dec_19.jpg

HMMM....?

Makes you go HMMMM ...

It'll be exciting as the Golden Triangle gets more attention. A success for one company in the area is a success for the entire region.

 

Disclaimer: The author is not a registered advisory service and does not give investment advice. The author currently has a long position in:  Metallis Resources, Eskay Mining & Garlibaldi Resources and may buy more or sell its position at a later date. Our commentary is an expression of personal opinion and should not be construed in any manner whatsoever as recommendations to buy or sell a stock at any time.

Enduro Metals - Discovery Hole Deep Dive with Cole Evans (331m of 0.70% CuEq) [TSXV:ENDR][OTC:ENDMF]

Disclaimer: The author is not a registered advisory service and does not give investment advice. The author currently has a long position in: Enduro Metals, and may buy more or sell its position at a later date. Mango Research and Management Inc., an affiliate to Enduro Metals, is a sponsor to this blog (www.ResourceJuniors.com). Our commentary is an expression of personal opinion and should not be construed in any manner whatsoever as recommendations to buy or sell a stock at any time.

Enduro hits 331m of 0.71% CuEq incl. 146m of 1.00% CuEq - highlights of today's discovery (TSXV: ENDR)(OTCQB: ENDMF)

Today Enduro Metals (ENDR.V) put out a news release with a headline stating "New Copper-Gold Porphyry at Newmont Lake; Drill Intersects 331m of 0.71% CuEq Starting at Surface- Including 146m of 1.00% CuEq" Full NR here: https://endurometals.com/enduro-discovers-new-copper-gold-porphyry-at-newmont-lake-drill-intersects-331m-of-0-71-cueq-starting-at-surface-including-146m-of-1-00-cueq/

Highlights:

- This is a porphyry discovery (as mentioned in the NR title): 331m of 0.71% CuEq including a higher grade 146m of 1.00% CuEq portion

- Converted into AuEq (using Au=$1760), we get an intersection of 331m of 1.29g/t AuEq** or $72.18/tonne of material

-The higher grade intersection of 18.27m is equivalent to 5.5g/t AuEq** or $308.64/tonne of material

-This was hole BR21-001, the first hole drilled at Burgundy Ridge. The news release states: "results are pending from Burgundy, McLymont Fault, and the Chachi Corridor from 2021 diamond drilling " thus this should be the first of several batches of results to come out of the company's 2021 drill program

- The company is making serious preparations to enable longer exploration seasons with less helicopter support "Preparations are underway for winter road construction which will connect our exploration camp, Burgundy, and the McLymont Fault to the provincial highway system for a usable period of approximately 3 months of the year."

- Once winter support is complete its conceivable that the company may drill even if it's not summer "winter conditions have temporarily suspended exploration drilling until winter road construction is complete"

- It appears from the magnetics that the hole that hit (BR21-001) was on the outer edges of a large magnetic anomaly

- There was a lot of volatility leading up to this news release, the stock initially sold off, but recovered its earlier losses today. These lengths of intervals (331m) and grades (0.71$CuEq/1.33g/t AuEq/$72/tonne) are definitely an excellent start - in an area known for it's massive deposits, the Golden Triangle. It's certainly something to continue to watch/follow

 

Additional sections provided by the company (complete ones are included in the company's NR):

 

Disclaimer: The author is not a registered advisory service and does not give investment advice. The author currently has a long position in: Enduro Metals, and may buy more or sell its position at a later date. Mango Research and Management Inc., an affiliate to Enduro Metals, is a sponsor to this blog. Our commentary is an expression of personal opinion and should not be construed in any manner whatsoever as recommendations to buy or sell a stock at any time.

 

Golden Triangle 2021 - October Updates - Opportunity Awaits

It's that time of the year for exploration companies in the Golden Triangle - the mid to end of the season is quickly approaching for the majority of the companies in the area.

In general, companies in the area have not had any kind of excitement, and that's due to a couple reasons:

1) A very poor gold market with most gold stocks including the majors down ~25-30% since the highs of 2020 as gold moved from $2100 to $1750

2) There have been significant lab delays for almost all companies operating in the golden triangle with some companies noting significant backlogs at core-processing. In June, I tallied a drill-program total of over 250,000meters for the area, which is now likely over 300,000meters. [https://www.resourcejuniors.com/2021/06/golden-triangle-2021-exciting-months.html

Yet, there is a lot to be excited for - sentiment is in the dumps in this sector, and has typically been a good indicator of when bottoms can be located. Central banks continue with record stimulus, interest rates at or near 0%, and inflation creeping up with growth fading (stagflation) - this should be a big catalyst for miners and commodities in the coming months.

Once results start pouring in from the 300,000meters being drilled from the area, there's bound to be a discovery or two which brings back the excitement in the area. Discoveries which can deliver multiples of current market caps. With prices of these companies and sentiment at lows - it may be worth a look at some of these companies. In early July, I outlined "three-blue-sky potential companies to watch" - https://www.resourcejuniors.com/2021/07/golden-triangle-2021-three-blue-sky.html - these three companies have yet to put out any assays out.

Don't forget that the Golden Triangle is known for insanely high grade deposits, such as the past producing Eskay Creek mine, and the current producing Brucejack Mine - which has just delivered 7 more intercepts of over 1,000gram per tonne gold!

If you have not been watching the golden triangle stocks recently - here are some updates I've compiled [View Full-Size Version of Summary] or click the image below.

Disclaimer: The author is not a registered advisory service and does not give investment advice. The author currently has a long position in: Enduro Metals, Metallis Resources, Eskay Mining & Garlibaldi Resources and may buy more or sell its position at a later date. Mango Research and Management Inc., an affiliate to Enduro Metals, is a sponsor to this blog. Our commentary is an expression of personal opinion and should not be construed in any manner whatsoever as recommendations to buy or sell a stock at any time.

 

Enduro Metals Corp – Exciting Times - Drilling Has Begun! [TSXV:ENDR] [OTCQB:ENDMF]

In mid-April, I put out an article on Enduro Metals (Compelling Junior Explorecos – https://www.resourcejuniors.com/2021/04/enduro-metals-corp-compelling-junior.html) which outlined the four district scale potential systems on its’ Newmont Lake project.

On July 21^st, Enduro Metals put out a news release (https://endurometals.com/enduro-commences-10000-metre-drill-program-at-newmont-lake-project-golden-triangle-nw-british-columbia/) which marked the start of the 2021 drilling season.

I’ve broken it down to key points which should make it easy to understand:

-       One diamond drill is turning (July 21^st), second rig will be or was added (early August)

-       Minimum drill program of 10,000meters (“base case”) with potential to expand

o   Drilling to start at Chachi (first drilling ever) area

-       Infrastructure upgrades to enable a longer exploration season. Potentially late November

-       More detailed target summary and work planned

Golden Triangle 2021 - Three Blue Sky Potential Companies to Watch

We're now in the middle of July, which means the summer field season is in full swing for almost everyone in the Golden Triangle, for those that are serious about advancing their projects & hoping to deliver discoveries which will move the markets.

Most, if not all of the gains (which can be often multi-baggers) of company's are found during the months of July-November in this part of the world. The rest of the year is typically spent doing the hard work in the back-offices doing planning, geological work, interpretation, and financing. It's work that is super important, under-appreciated but nonetheless is critical for the success of these companies during the short exploration seasons which typically last from June/July through to sometimes November.