Saturday, October 14, 2017

Golden Triangle - Revisited

The 'Golden Triangle' in northern British Columbia is in the midst of a major rush, both retail money and staking.

A Golden Triangle claim/promotion has made market darlings out of a score of TSX Venture companies.
Leading the charge has been GT Gold (GTT.v) with a more than 600% gain inside of three months on the back of just a single round of drill results. Most mouthwatering was a spectacular 51.53 g/t Au (1.5 oz/ton) and 117.38 g/t Ag over 6.95 metres (22.80 feet).

Garibaldi Resources (GGI.v) is drilling near the Eskay Creek camp at its 100% owned E&L project. For those willing to roll the bones on 'visual results' we have 176 meters of 'nickel-copper sulphide mineralization'. Paper rocked and rolled on Friday to $3.57 +0.88 with more wonderful 'visual results'. Assays are STILL pending. (first 'visuals' were Sept 1, 2017)
Metallis Resources (MTS.v) is currently drilling the Cliff porphyry target at its 100% owned Kirkham property. Metallis has reported that initial examination of drill core intersected mineralized monzonite throughout. Core has been split and sent to the assay lab. Last at $1.35 -0.14, paper was a dime two months ago.

Aben Resources (ABN.v) recently expanded its 2017 drill program and reported assay results from what it noted was 'several intersections of discrete zones' of massive quartz veins and quartz-sulphide vein breccias, both of which have been associated with high grade gold mineralization in the region. 10m of 6.7 g/t Au, 0.9% Cu, apparently that doesn't impress near as much as 'visual results'. $0.215 -0.01

Simple fact here is that 'winter is coming' in the area. The exploration window is quickly closing, meaning results will dry up for the better part of six months. Given the massively expanded market caps in evidence, one best tread carefully. The tried and true 'buy on rumor, sell on news' has extreme relevance for retail investors.
See ----->
See ----->
See ----->