VANCOUVER (miningweekly.com) – A British Columbia-focused gold explorer has staked several claims and conducted sampling exercises as a direct consequence of nonprofit organisation Geoscience BC unveiling data early this year from the first phase of a systematic geomagnetic survey for the mapping of the province's public lands.
The work was conducted under the auspices of J2 Private Syndicate, a team of experienced mining professionals.
The team includes the original target generators who discovered the Coffee Creek property, which has grown to about five-million ounces and was subsequently bought from Kaminak Gold by Goldcorp for C$520-million.
President and CEO of the newly formed GGX Gold, formerly Revolver Resources, Dan Stuart told Mining Weekly Online the company had been on a staking spree in the heart of the so-called Golden Triangle/Golden Horseshoe, in north-west British Columbia. He noted that they were right in the heart of "elephant country".
Stuart explained that, as a result of Geoscience BC releasing data from an airborne magnetic survey, the J2 team was able to analyse and layer-in the data with its own, resulting in claim staking.
“I’m not aware of anyone else using that public data and staking claims,” he said, noting that the J2 Syndicate went ahead and prospected 110 targets. Collectively, the team had more than a century of experience and has invested over two years and 1 000 man hours in compiling the data to generate proprietary gold and silver targets for J2.
“No one does this kind of grassroots exploration anymore,” he states. “We got first pick in an emerging gold camp and our efforts thus far will back up our claims. The Golden Triangle is the hottest area in BC and everyone is going to try and get in when it’s already too late.”
He noted that the company was receiving assay reports from summer exploration activities on its various claims and expected positive news flow on that soon.
AERIAL SURVEYS
Geoscience BC’s Search project was launched to help exploration companies operating in west-central British Columbia unlock the resource potential hidden below the region's surface, leading to increased interest in mineral exploration in a province that was already attracting about 21% of Canadian explorer’s exploration budgets.
In its most ambitious undertaking yet, Geoscience BC in July launched the C$2.5-million second phase of its Search project, aiming to produce more high-resolution maps.
The Search Phase II project ran through to September 2016, with aircraft flying out of the Burns Lake and Smithers airports.
Results from the Search Phase 2 survey will bridge the gap between Geoscience BC's Search Phase 1 survey completed last year and the TREK survey in 2013. Together, these three adjoining surveys will provide continuous high-quality magnetic data covering a 55 500 km2 area – the equivalent of the size of Nova Scotia.
Results from the Search Phase II project will be publicly available in 2017 through Geoscience BC's website.
Edited by: Samantha Herbst
Creamer Media Deputy Editor
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