Nice find Gordy Sez, Thanks for posting the link - Great read Cheers Topaz.

British Columbia's Golden Triangle

Monday September 24, 2012 15:47

Re-Activating Past Discoveries

Other discoveries made in earlier decades by major mining companies are now being advanced by smaller exploration companies. Copper Fox (CUU-TSXV) optioned the Schaft Creek copper-gold deposit from major mining company Teck. The deposit was explored in the 1960s and early 1970s. The junior has now earned a controlling interest in the project and is within months of completing a feasibility study on a deposit that is several times larger than before the junior began working on it.

Regardless of the attitude of Toronto-based mining analysts, the major mining companies see BC as an attractive place to invest. Xstrata, Freeport-McMoRan, Newmont, Goldfields, Antofagasta and Teck are among the majors actively exploring in the province. Importantly, all are exploring by way of joint ventures with juniors, an approach which has become the norm globally. All of those majors have their eyes on very large deposits which they know the province can produce.

The Golden Triangle and Beyond

One of the most promising area plays is the Golden Triangle of northwest BC, and specifically the region to the west of Highway 37 and beginning about 20 kilometers north of Stewart. There is also enormous mineral wealth east of the highway and closer to Stewart, but that is a story for another day. We are also looking at other areas in the province that are generating important discoveries and expect to be reporting on those companies in the near future.

Valuations for exploration companies are generally at dismally low levels and BC companies are no exception. In spite of concerns over the situation in Europe and the host of other bad news that preoccupies the headline writers, the fundamental story for metals has never looked better. The most important factor is that the larger mining companies are continuing to acquire exploration and development companies, and they are willing to pay much more than the values applied by investors. It is worth paying attention to these companies, which can generate huge rewards in a short time.

By Lawrence Roulston
www.resourceopportunities.com