Investing Network News
This article is sponsored by IDM Mining: http://www.idmmining.com/
British Columbia’s Golden Triangle mining district is known for million-ounce gold deposits.
Located in the northwestern area of the province, the region first gained prominence with the 1988 discovery of Eskay Creek, which would become one of the world’s largest silver mines. However, a lack of infrastructure in the mountainous region and a low gold price environment left the district vastly underexplored.
And yet, the landscape is changing, both geologically and economically, making today’s Golden Triangle a hot bed for exploration activity that is quickly becoming the center of a new Canadian gold rush.
British Columbia’s Golden Triangle mining district lies in the wide volcanic belt North American Cordillera and extends from the south near Stewart, British Columbia and heads north to the Alaskan panhandle, another important source of gold and other economically important minerals.
With its rich and diverse geology, the Golden Triangle has the potential to host several types of the world’s most profitable deposits including high-grade gold and silver veins, large-scale porphyries and volcanogenic massive sulphide. To date, more than 130 million ounces of gold, 800 million ounces of silver and 40 billion pounds of copper have been discovered.
During the 19th century, the Golden Triangle experienced three gold rushes, one in each of its points, beginning with the Stikine Gold Rush of 1861. Nearly a thousand prospectors began flocking to the area after Buck Choquette’s discovery of placer gold where the Stikine and Anuk Rivers meet. The Cassiar and Atlin gold rushes would soon follow.
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