Resource World Magazine

12 www.resourceworld.com J U N E / J U L Y 2 0 1 9 GOLDEN TRIANGLE priority areas. An IP geophysical survey is also being carried out. Auramex Resource Corp. [AUX-TSXV] has optioned to Mountain Boy Minerals Ltd. [MTB-TSXV; MBYMF-OTC] a 100% interest in a portion of the Silver Crown property located 25 km north of Stewart. Auramex will retain the portion of the property adjacent to its Champion prop - erty. Together with the recently acquired Dorothy 2, Auramex dominates the eastern side of the lower American Creek Zone. Two high-grade, past producing, silver mines are located on the expanded property. Auramex geologists believe those high-grade silver occurrences represent the upper levels of extensive hydrothermal systems. Auramex is seeking JV partners for some of the high-potential targets identi - fied on its extensive property holdings. Last August, Auryn Resources Inc. [AUG-TSX, NYSE American] drilled about 3,000 metres at its 100%-owned Homestake Ridge Project that targeted gold mineral - ization along the high-grade South Reef deposit. Drilling in 2017 intercepted zones of high-grade gold mineralization at South Reef's down plunge that included 30 metres of 2.00 g/t gold (including 4 metres of 6.03 g/t gold and 2 metres of 11.80 g/t gold. At a 2.0 g/t cut-off, Homestake Ridge resources are 125,000 oz. gold and 1 mil - lion oz. silver. Auramex will not be working on Homestake Ridge this season. Benchmark Metals Inc. [BNCH-TSXV; CYRTD-OTCQB; A2JM2X-Ger; A7CA-FSE] is gearing up for its 2019 program at the Lawyers gold-silver project within the Toodoggone mineral district located at the far eastern part of the Golden Triangle. Drilling will start mid-June and focus on infill, step-out and deeper drilling to expand the current resources at Cliff Creek and Dukes Ridge, as well as establish new resources at the Phoenix and AGB zones. The program includes 30,000 metres of drilling, 2,000 to 3,500 soil samples, 600 to 1,000 rock samples as well as mapping and ground geophysics. The Lawyers gold-silver mine operated from 1989-1992 and produced 171,200 oz. gold and 3.6 million oz. silver over four years and is 11 km from the permit - ted Baker mill. A 2018 NI 43-101 Technical Report calculated resources, using a 4 g/t AuEQ from two of +16 known zones, for 88,000 oz. of gold and 3,960,000 oz. of sil- ver (Cliff Creek & Dukes Ridge). Lawyers is a high-grade property: 2018 selected high-grade rock grab results include 220 g/t gold and +10,000 g/t silver (Phoenix Zone) as well as 160 g/t gold and 1,440 g/t silver (Phoenix Zone). Brixton Metals Corp. [BBB-TSX; BXTMF-OTC] has been exploring its Thorn Project, an early-stage, district-scale, pros - pect at the northern tip of the Golden Triangle. An inferred resource of 21.5 million AgEq was established in 2014 and remains open for expansion. This sum- mer, Phase 1 drilling of a 1,000-metre hole at the Oban diatreme breccia is planned, which is part of the Camp Creek copper corridor, where hole 85 returned 30 metres of 1.18% copper and hole 119 ended in 0.53% copper at 383 metres depth. Cameo Industries Corp. [CRU-TSXV], formerly Cameo Cobalt, recently acquired three claims adjacent to the company's 100%-owned, ~ 9,264-hectare, Big Mac gold project. Big Mac not only surrounds much of the Forrest Kerr gold project of Aben, but it also contains significant tenures held in the past by Barrick Gold. A 2019, Phase I exploration program is planned on the Big Mac with results to be used to generate drill targets. Last September, Casa Minerals Inc. [CASA-TSXV] completed a 223-km air - borne VTEM and magnetic survey of its 100%-owned Pitman property 20 km east of Terrace. The company is exploring several mineral zones on Pitman, includ- ing the Paddy Mac and Golden Dragon complex of gold-bearing quartz veins, the recently discovered Dragon Tale zinc- silver-copper prospect, the high-elevation WoMo multi-metal porphyry-type pros - pect, and the historic Pitman molybdenite site. A 2,000-metre drilling program is planned as well as a financing. Colorado Resources Ltd. [CXO-TSXV; CLASF-OTC] completed its 2018 drill - ing program at its KSP property last fall. President and CEO, Robert Shaw, stated, "Our 2017-2018 drilling has outlined a core zone of shallow Au-Cu mineralization in bedrock, extending for approximately 850 metres along strike between holes TMDDH18-135 and TMDDH18-139, with down-hole widths of up to 100 metres. This zone provides us with an excellent target for 2019 drilling to test mineraliza - tion which remains open down dip." Colorado signed an LOI to acquire Buckingham, which owns key properties in the Golden Triangle. Copper Fox Metals Inc. [CUU-TSXV; CPFXF-OTC], 25%, and Teck Resources Ltd. [TECK.B-TSX; TECK-NYSE], 75%, have been conducting studies for their Schaft Creek copper-gold-molybdenum project 375 km northwest of Smithers. Highlights included the sizing and infra - structure alternatives study initiated in 2018 that was completed with positive results and a more in-depth conceptual study has started. The companies will further evaluate engineering improve - ment options to reduce capital and operating costs assuming a 130,000-tonne- per-day (same as the 2013 feasibility study) throughput case. Crystal Lake Mining Corp. [CLM- TSXV; SIOCF-OTQX], following a recent $4.6 million financing, will use part of the funds for the first phase of the 2019 drill - ing and exploration program (at least $3 million) at the Newmont Lake Project in the Eskay region, optioned from Romios Gold [RG- TSXV]. The company recently announced that results from first-ever drilling last fall at Burgundy Ridge confirms a new grass - roots discovery in the footprint of about two dozen showings and mineral zones at the Newmont Lake Project. The final hole (BRRC18-004) cut 58 metres of 0.31% cop- per and 0.27 g/t gold starting from surface, followed by a 1.5-metre interval grading 2.60% copper from 118 to 119.5 metres. More drilling is planned for this season. Dolly Varden Silver Corp. [DV-TSXV; DOLLF-OTC] completed the field com - ponent of its 2018-19 program on the 100%-owned Dolly Varden Project in the

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