Resource World Magazine

O C T O B E R / N O V E M B E R 2 0 1 8 www.resourceworld.com 17 GOLDEN TRIANGLE lion on 115,309 ounces of gold sold. Total cost of sales was $86.4 million or $749/oz of gold sold. All-in sustaining costs were $648/oz of gold sold. Net earnings totaled $31.1 million ($0.17 per share). Romios Gold Resources Inc. [RG-TSXV; RMIOF-OTC; D4R-FSE] released the results of a three-week field program completed at the end of July 2018, on its Newmont Lake property in the Golden Triangle. Field results are highlighted by elevated cobalt values at several sites: fault-related, appar - ent epi-mesothermal gold-silver-copper mineralization along a major fault, and very high gold-silver-copper-cobalt values in late-stage veins at two skarn showings. Chip sampling along some of the exposed skarns this summer returned val - ues of up to 1.35% copper, 3.0 g/t gold and 259 ppm cobalt. Two copper-rich car- bonate veins cutting the skarn horizons returned grades of 10.4-11.5% copper, 30.3-32.5 g/t gold, less than 1-135 g/t sil- ver and 372 ppm to 635 ppm cobalt across widths of 0.5-1.0 metre. Exploration south of the North West Zone led to the discovery of a greater-than- one-metre-wide massive pyrite vein along the margin of the north-northeast-trend - ing McLymont fault. A one-metre chip sample of this vein assayed 0.56% copper and 0.99 g/t gold, while 80 metres to the south-southwest, a cluster of boulders of the same material, believed to be largely in situ, assayed 1.4 g/t gold, 0.4% copper, 14.6 g/t silver and 231 ppm cobalt, with elevated tellurium values. Seabridge Gold Inc. [SEA-TSX; SA-NYSE] has one of the largest undevel - oped gold projects in the world measured by reserves – the KSM Project 65 km north- west of Stewart. An updated Preliminary Feasibility Study (PFS) estimates proven and probable reserves total 38.8 million ounces of gold and 10.2 billion pounds of copper. The KSM Project has provincial and federal Environmental Assessment Certificates. Drilling began in May on this year's $19.7 million KSM exploration program consist - ing of 28,000 metres of drilling and other surface work. In a Preliminary Feasibility Study, the estimated Base Case Life-of-Mine Operating Costs (net of Cu and Ag credits) were negative US $179/oz of gold produced. Total Cost (including all capital, operating and closure costs and net of credits) was estimated at US $358/oz of gold produced. Seabridge is drilling the Quartz Rise high-grade gold target on its 100%-owned Iskut Project. Last year's drill program, the first ever at Quartz Rise, confirmed the presence of a gold-bearing intermediate sulphidation epithermal system beneath the Quartz Rise lithocap. This was the company's target concept. The drilling intercepted several narrow, discontinuous intervals of high-grade gold. Shamrock Enterprises Inc. [SRS-CSE] has completed its Phase I exploration pro - gram at its Portland Project, approximately 20 km north of Stewart. Work mainly focused on the Portland Block where a total of 175 soil, 33 stream sediment, five moss mat and 31 rock samples were col - lected in the vicinity of the Portland and Victor showings where good historical gold and silver values were encountered. Three quartz-carbonate float samples at the Portland Block returned 0.22 to 1.18 g/t gold. Soil sampling at the Victor show - ing highlighted a number of anomalous areas of interest. Encouraging results were also obtained at the Kimball Lake and American Creek blocks. Skeena Resources Ltd. [SKE-TSXV; SKREF-OTC] reported the first gold-silver drill results from the recently initiated and continuing Phase I surface drilling pro - gram at the 100%-optioned Eskay Creek Project. Base metal results are pending. The former Eskay Creek Mine produced approximately 3.3 million ounces of gold and 160 million ounces of silver averaging 45 g/t gold and 2,224 g/t silver. The Eskay Creek multifaceted Phase I program is being performed in the his - torically drill defined 21A, 21C and 22 zones. Phase I drilling highlights include 15.97 g/t gold, 149.16 g/t silver and 18.10 g/t gold equivalent over 34 metres (SK-

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