Resource World Magazine

Resource World - Aug-Sept 2016 - Vol 14 Iss 5

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a u g u s t / s e p t e m b e r 2 0 1 6 www.resourceworld.com 11 of altered and anomalous rocks associated with the 25 km long Sky trust fault sys- tem and covers high-grade gold, porphyry copper gold, skarn and vein occurrences. Some of these areas are highlighted by the Inel occurrence with a 1.5 km 2 area aver- aging 1.27 g/t Au in soils and an area in the 1980s where 1.2 km of underground exploration was completed and the Khyber Pass area where 1,100 soil samples have returned a remarkable 810 ppb gold aver- age. The > 320 km 2 Kingpin covers over 35 mineral occurrences and geology on trend to the SE of the KSP property and west of Seabridge's KSM property. In 2016 Colorado is advancing KSP and on July 19 announced it had completed 37 holes totaling > 5,000 m in 30 days with one rig. Assay results from the first eight holes included Hole INDDH16-001 that returned 11.0 metres grading 6.12 g/t Au, 45.74 g/t Ag and 2.18% Zn, including 3.0 metres of 8.60 g/t Au, 37.37 g/t Ag and 4.36% Zn. Colorado's JV partner Centerra also noted that it was planning to complete up to 2,000 m of drilling at the Heart Peaks Project. Geologist, Ron Netolitzky, whose fame is part and parcel of the Triangle was directly involved with both the Snip and Eskay Creek discoveries. He now heads Skeena Resources Ltd. [SKE-TSXV; SKREF-OTC] which is exploring the Spectrum gold project, the adjacent GJ copper-gold proj- ect and the past-producing Snip gold mine. Spectrum has indicated resources of 290,000 oz Au, 1.82 million oz Ag and 20.835 million lbs Cu. Inferred resources stand at 750,000 oz Au, 2.8 million oz Ag and 54.889 million lbs Cu. The GJ Project comprises the Donnally property with resource estimates of 940 million lbs Cu, 1.56 million oz Au in the measured and indicated categories and 312.5 million lbs Cu, and 0.57 million oz Au in the inferred category. The Snip Mine with a one million ounce gold production record in the 1980s is believed to have undiscovered gold resources. Ascot Resources Ltd. [AOT-TSXV] owns the former Premier gold mine and adjoining Dilworth optioned property

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