Writer: Kevin Dwyer, CEO & Head Trader October 18, 2023
UNCOVERING THE GOLDEN TREASURE: THE GOLDEN TRIANGLE IN BRITISH COLUMBIA
Located in the charming yet rugged terrain of British Columbia lies an area famed for its gold discovery history - The Golden Triangle. This significant location brims with tales of dreamers and explorers setting out to strike a fortune and outstanding mining projects with profound yields.
THE DAWN OF DISCOVERY
Nestled within British Columbia's rugged landscape, the Golden Triangle has long been synonymous with golden prospects and abundant mineral wealth. With a history dating back to the 19th century before Canada's confederation, this region has captivated the hearts and ambitions of fortune seekers. In 1861, the first notable gold discovery by Alexander Buck Choquette at the confluence of the Stikine and Anuk Rivers incited the Stikine Gold Rush, leading over 800 hopeful prospectors to embark from Victoria in pursuit of prosperity.
A CENTURY OF GOLDEN YIELDS
In the early 20th century, they marked another milestone with the establishment of Premier Gold Mine in 1918. This momentous find quickly piqued investor interest, yielding substantial profits for the Premier Gold Mining Company in the following years. The remarkable returns—200% from 1921 to 1923—underscored the Golden Triangle's lucrative potential. Later, though initially dormant, Cominco's Snip Mine discovery in 1964 eventually produced a staggering one million ounces of gold between 1991 and 1999, featuring a high-grade average of 27.5 grams per tonne.
REVITALIZATION AND RENEWAL
In 1988, the Eskay Creek mine became a byword for high-grade gold with substantial silver deposits, following the tenacity of Stikine Resources and Calpine Resources' extensive exploration. Despite challenging economic conditions due to plummeting gold prices and logistic hurdles, the Golden Triangle's mining legacy endures. The withdrawal of glaciers has revealed previously inaccessible terrain, promising renewed golden prospects for the industry.
Recent infrastructural advancements have stimulated the mining sector, including an enhanced Stewart-Cassiar Highway, new ocean port facilities, and a $700-million high-voltage transmission line. Coupled with the discovery of rich ore bodies, companies like Pretium Resources and their Brucejack gold mine have raised significant equity amidst challenging markets.
INVESTMENT OPPORTUNITIES
the Golden Triangle continues to be an active and thriving hub for mining in the present. Recent developments have seen a slew of companies advancing their mining efforts. Our upcoming publication will feature notable companies whose stocks offer excellent investment opportunities in the current gold rush!
Today, an active contingent of 24 junior explorers operates within the Golden Triangle, benefitting from the infrastructural improvements and an advantageous fiscal climate fostered by British Columbia's government policies. Bonvillain of Manning Elliott highlights the incentivizing BC METC—a 20 percent refundable tax credit—further cultivates the mining industry, with an enhanced 30 percent credit for explorations in specific regions. Such developments have ushered in a vibrant era of mining resurgence in British Columbia. The AME Roundup conference is a testament to this revival, with Manning Elliott poised to advise and aid companies in maximizing their potential within the Golden Triangle, a veritable crucible of mineral fortunes.
FEATURED COMPANIES
Coming Shortly
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