Issue link: http://resourceworld.uberflip.com/i/1239546
A P R I L / M A Y 2 0 2 0 www.resourceworld.com 37 Ridge, host to one of the largest undevel- oped precious and polymetallic deposits in the province. The Revel Ridge Mineral Resource Estimate comprises: Main Gold Zone M&I: 4,200,000 MT for 1,089,000 oz AuEq at 8.07 g/t AuEq. Main Zone Inferred: 4,562,000 MT for 961,000 ounces AuEq at 6.55 g/t AuEq (excludes both Hanging Wall and Foot Wall Zones). Yellowjacket Zone Indicated Resources: 764,000 MT of 9.98% zinc + 2.61% lead + 62.8g/t silver. The property includes mineral claims, surface lands, Crown grants, equipment (including underground mining fleet and supplies), results from 315 diamond drill holes with >41,000 metres of drill core, a fully functional 40 person all-weather camp, offices and maintenance shop, and all asso - ciated assets including a CP rail siding and concentrate load out facility at Revelstoke. The Sego Resources Inc. [SGZ-TSXV] Miner Mountain copper-gold project is in Quesnel-Stikine Terrane that hosts three copper-gold porphyry projects approach- ing production. Located immediately east of Princeton and 16 km north of the Copper Mountain Mine, the project has immediate access to highways, hydro power, communications and is accessible year-round. A total of 4,159m of diamond drilling and 9,044 metres of percussion drilling have been completed by Sego to date, along with extensive geophysics with at least six targets identified for fol - low-up work. Spanish Mountain Gold Ltd. [SPA- TSXV; SPAZF-OTC; S3Y-FSE] is advancing its 9,319-hectare flagship Spanish Mountain gold project in the Cariboo region, 66 km northeast of Williams Lake. The Spanish Mountain gold deposit is classified as a sediment-hosted vein deposit. The com - pany has prioritized the development of the first phase of the project in which the pit-delineated high-grade core of the deposit is expected to sustain a stand- alone operation of 11 years. A Preliminary Economic Assessment has been completed that assumes a 10,000 tpd throughput and a base case gold price of US $1,275/oz. Plans are being completed for a field work and cost study program that will be executed this summer in order to further de-risk the project. An associate company of Osisko Gold Royalties, Strongbow Exploration Inc. [SBW-TSXV; SBWFF-OTC], is building a portfolio of metal assets in North America and the United Kingdom. With Osisko owning a 32.7% interest in the com - pany, Strongbow has exposure to Osisko's Cariboo gold project which has measured and indicated resources of 2.4 million ounces of gold (13.2 million tonnes grad - ing 5.6 g/t gold). The exploration holdings of Talisker Resources Ltd. [TSK-CSE; TSKFF-OTCQB] include an advanced stage project with significant exploration potential in south- central BC: the former high-grade Bralorne gold mine. In addition, the company has property in the Spences Bridge region and holds ~85% of the emerging gold belt in addition to several other early stage projects. With property holdings comprising 270,605 hectares over 288 claims, three leases and 154 Crown grants, Talisker is a dominant exploration player in the south-central BC. In early February, the company began a Phase 1 drilling program at Bralorne consisting of 2,700 metres of diamond drilling in five holes, part of an overall 11,200-metre program. The com - plete program will be executed in the first and second quarters of 2020. Taseko Mines Ltd. [TKO-TSX; TGB- NYSE American] is the 75% owner and operator of the Gibraltar Mine – the sec - ond largest open pit copper-molybdenum mine in Canada. Taseko's Aley niobium project and New Prosperity gold-copper project are all advanced-staged projects, providing the company with a diverse commodity pipeline. The Prosperity deposit is a gold-copper porphyry with a one billion tonne Measured and Indicated Resource containing 5.3 billion lb copper and 13.3 million oz gold. Development of the project has been delayed by long term permitting issues. Teck Resources Ltd.'s [TECK.A; TECK.B-TSX; TECK-NYSE] wholly owns Highland Valley Copper which has been producing both copper and molybdenum concentrates from mine operations near Logan Lake for decades. Copper produc - tion is anticipated to average about 150,000 tonnes per year after 2022 through to the end of the current mine plan in 2028. With a focus on copper, the Troubadour Resources Inc. [TR-TSXV] strategically located Amarillo Project con - sists of nine mineral claims 20 km west of Peachland which was previously the home to the Brenda Copper Mine. The multi-element signature of the Amarillo copper project area is consistent with a large multi-phase mineralizing system and is similar to some of the neighbour - ing world-class mining operations. Plans for 2020 include 2,000 metres of drilling focused on an extensive trench anomaly and following up on the 2019 drill discov- ery of 0.14% CuEq over 11.5 metres and other high priority targets. Westhaven Ventures Inc. [WHN-TSXV; WTHVF-OTC] owns a 100%-interest in four properties covering over 35,000 hect- ares in the Spences Bridge Gold Belt. The company has identified numerous high- priority drill targets at its 17,623-hectare Shovelnose gold property, and recently added a second drill rig. In 2019, the com- pany completed property-scale airborne geophysics, 327 line-km of ground mag- netic surveys, DC Resistivity, collected over 5,500 soil samples, and completed property-scale mapping and prospecting, defining numerous targets for follow-up. Ximen Mining Corp. [XIM-TSXV; XXMMF-OTCQB; 1XM-FSE] owns a 100% interest in three precious metals projects in southern BC: the Gold Drop Project and the Brett Epithermal Gold Project. In addi - tion, Ximen owns the Treasure Mountain Silver Project, adjacent to the past-pro- ducing Huldra Silver Mine. The company also has an option to acquire the former Kenville Gold mine in the Nelson area. Complementing its exploration portfolio in the region, Ximen recently secured an agreement to acquire a total of 107 mineral claims covering approximately 4,276 hect - ares near the Kenville Mine. n SOUTHERN BC