The gold price currently seems to be trapped between 1,800 and 1,850 US dollars per troy ounce. After crossing the mark of 1,850 US dollars, however, the gold price can march again very quickly towards 2,000 USD! Since precious metal investments are to be seen in the long term, one should use favorable entry moments in good companies and then wait and relax.
Skeena’s ‘Eskay Creek’ core drilling in the ’22’ zone has returned 3.80 g / t gold equivalent over 42.8 meters
The results of the additional diamond core drilling, which have now been published, are also available Skeena Resources Limited (ISIN: CA83056P8064 / TSX-V: SKE) looking forward. The results are part of the combined Phase 1 definition and exploration drilling campaign of the Eskay Creek project. The Eskay Creek deposit itself, a hotspot for precious metals, is located in the Golden Triangle of British Columbia. That in turn is home to some of the largest and richest mineral deposits in the world.
The extent to which this “wealth” pays off for Skeena Resources and their recent diamond core drillings in the ’22’ zone of the ‘Eskay Creek’ project is illustrated by the results of the individual ‘infill’ drillings:
Because with results from e.g. 1.73 grams per tonne of gold and 155 grams per tonne of silver over an incredible 42.8m seems clear that these ‘infill’ holes cut through the predicted mineralization, and with really good grades and distances!
The results of the current Phase 1 of the ‘Infill’ drill program continue to underline the expected grades, widths and continuity of the mineralization as modeled for the ’22’ Zone. The now reported drill holes further underpin the high mineralization potential of Eskay Creek.
There is also a good correlation between this section and two sections 15 meters below. The results from well SK-20-423 located there, the 3.36 g / t gold equivalent (AuEq) over 22.50 meters and 3.33 g / t AuEq over 59.50 meters through, give hope for further potential.
The zone ’22’ addition
In analogy to the ’22’ zone, Skeena refers to one another near-surface zone, which lies about 200 meters to the northeast and runs parallel to the ’22’ zone. The results of drill holes SK-20-456 located there can determine whether this parallel also relates to the mineralization with an average 20.68 g / t Au and 5 g / t Ag over 11.78 meters and SK-20-468 with average 6.18 g / t Au and 5 g / t Ag over 7.56 meters possibly point out.
After these, once again, very good results, Skeena is certain that the potential that has been recovered and assumed there is sufficient to expedite expansion through additional drilling!
Victoria Gold tests (and finds) huge potential on ‘Lynx’
Short, concentrated and focused – this is how the exploration drilling program of Victoria Gold Corp. (ISIN: CA92625W5072 / TSX: VGCX) on ‘Lynx’ in the ‘Potato Hills’ trends. The first results can be seen with 6.14 g / t Au over 8.4 meters and 4.65 g / t Au over 32 meters let see very well.
The aim of the drilling, according to Victoria Gold, is to test the near-surface mineralization potential of ‘Lynx’. This in turn forms one of numerous other targets along the large-scale ‘Potato Hills’ trend, which acts as a “hostel” for mineralization within the ‘Dublin Gulch Gold Camp’ in the Yukon Territory.
Getting to the bottom of the ‘Lynx’ potential with diamond drills
The ‘Lynx’ exploration program focused, among other things, on four diamond drill holes totaling 590 meters. In addition, there were 720 meters of surface excavation of a total of six trenches and the application of more than 1,600 soil samples based on a geochemical grid.
Drill holes and trenches indicate high grade gold mineralization
The holes drilled this year as well as the near-surface trenching indicate high grade gold mineralization.
In detail, the ‘Best of Lynx’ drill holes reads like this:
But the geologists also found top values for the surface grab samples:
‘Lynx’ on ‘line’ with ‘Nugget’ and ‘Raven’
Located just three miles southwest of Raven, ‘Lynx’ has properties and potential similar to that of Victoria Gold’s primary target in the 2020 Dublin Gulch Gold Camp exploration program. But there are also almost striking similarities to the ‘Nugget’ exploration camp in terms of the assumed mineralization potential.
It seems to be all the more paying off for Victoria Gold that the company is now subjecting ‘Lynx’ to an assessment as part of the ‘Potato Hills’ trend mineralization model. By the way, Victoria is taking a different approach here than the previous operator of the property. In fact, they had only made limited research in recent years and decades.
The now published results of the exploration drilling show that ‘Lynx’ is part of the ‘Potato Hills’ trend and has potential for a much more robust and larger mineralized system than previously thought.
Good geological work pays off
John McConnell, President and CEO of Victoria Gold, sees that the ‘Potato Hills Trend’ mineralization model will pay off at some point as soon as the latest exploration drilling results have been received:
“‘Lynx’ is practically a prime example of how our team’s good geological work using the ‘Potato Hills’ trend mineralization model has paid off.”
Indeed, if you look at the latest drill results, it seems that with each hit you get a better understanding of the geology and the Potato Hills mineralization model increases the hit rate significantly. In addition, the high-grade surface gold mineralization speaks almost naturally for the mineralization potential that the entire ‘Dublin Gulch Gold Camp’ has!
So as you can see, these two companies are doing their homework and doing it with excellent quality. This distinguishes these two stocks, Skeena Resources and Victoria Gold, as quality stocks that smart investors should have in their portfolio.
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