Resource World Magazine

Resource World - October-November 2018 - Vol 16 Issue 6

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16 www.resourceworld.com O C T O B E R / N O V E M B E R 2 0 1 8 GOLDEN TRIANGLE Kirkham property prospective for mul- tiple deposit types of gold, silver, lead and zinc in the prolific Eskay Camp. This initial phase of drilling will test several high priority targets within the Hawilson Monzonite located in the southern portion of the property. Targets include the 3-km long Cliff porphyry system that, in 2017, returned broad intersections of copper-gold miner - alization, the longest being 146 metres of 0.34 g/t gold and 0.22% copper, including a significant interval of 68 metres of 0.52 g/t gold and 0.3% copper. Another target is the Nina where most of the grab samples returned values greater than 1,500 ppm copper and up to 0.67 g/t gold. A third target is the Cole, a 450 x 350- metre wide porphyry copper-gold system that has never being drilled. Cole rock geo - chemical sampling results range from 0.2% to 0.5% copper and up to 20.7 g/t gold. The Metallis property is adjacent to the south of the Garibaldi Resources E&L nickel-copper-gold deposit that hosts historic indicated and inferred resources estimated at 2.9 million tonnes grading 0.80% nickel, 0.62% copper, 0.34 g/t gold and 6.8 g/t silver. A final round of geophysics was com - pleted over the Thunder North target area, contiguous to the southern and eastern border of Garibaldi's Nickel Mountain Project, in order to prioritize nickel sulphide drill targets after an earlier encouraging VTEM survey. A final round of geophysics was com - pleted over the Thunder North target area, contiguous to the southern and eastern border of Garibaldi's Nickel Mountain Project, in order to prioritize nickel sulphide drill targets after an earlier encouraging VTEM survey. NovaGold Resources Inc. [NG-TSX, NYSE American] reported that the trans - action with Newmont Mining Corp. [NEM-NYSE], in which NovaGold agreed to sell its 50% interest in the Galore Creek Project, owned by the Galore Creek Partnership for total consideration of up to $275 million, has closed. NovaGold received $100 million and transferred its interest in the project and the Copper Canyon prop - erty to a subsidiary of Newmont. OK2 Minerals Ltd. [OK-TSXV] holds the 100%-optioned Kinskuch Lake prop- erty and the 100%-owned Pyramid copper-gold project located in or near the Golden Triangle. The company has been awaiting permits while it is planning an exploration program. Pretium Resources Inc. [PVG-TSX, NYSE] reported production and finan - cial results for its Brucejack Mine in the southern Golden Triangle area. For Q2 2018, production totaled 111,340 ounces of gold and 118,205 ounces of silver. Mill feed grade averaged 14.9 g/t gold with recoveries averaging 97.7%. Process plant throughput averaged 2,604 tonnes per day for total of 236,990 tonnes of ore. Revenue for Q2 2018 was $146.5 mil -

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