The reader is cautioned that the presence of a deposit on the adjoining Osisko Development ground does not necessarily indicate that any such mineralization may be present on the Company’s holdings in the area, or that if discovered, any such mineralization may be economically extracted.
The Western Claims of the BC Gold Project are located near the Mostique Creek and Lightening Creek placer areas (see B.C. Minfile No. 093G009 and No. 093G060, respectively). In addition, it covers the Gem gold showing, a turbidite-hosted gold target (see B.C. Minfile No. 093G073). Exploration planned for the Western claim group containing the two placer showings and the one bedrock showing in black phyllites will consist of in-depth prospecting and sampling of previously excavated pits on the gold showing in bedrock black phyllites, and compilation of all existing Min files on this area. Encouraging geochemical values of gold are noted in Min files from bedrock sources sampled by previous prospect
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VANCOUVER, British Columbia, May 28, 2021 (GLOBE NEWSWIRE) VALOREM RESOURCES INC. (the “Company” or “Valorem”) (CSE: VALU) (Frankfurt: 1XW1) is pleased to provide an update on exploration programs planned for its three gold, nickel, gold-copper, and specimen crystal prospects in British Columbia, Canada.
The first two properties, the BC Gold Project and the Lac La Hache Gold Project, are located in the Cariboo District near the historical and currently active mining town of Barkerville in central British Columbia, while the third property, the Pinto Gold-Copper Project, is in the historical Franklin Mining Camp north of the town of Grand Forks in south central British Columbia.
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/PRNewswire/ OTC Markets Group Inc. (OTCQX: OTCM), operator of financial markets for 11,000 U.S. and global securities, today announced Cassiar Gold Corp..
1. Introduction
After exploring and evaluating their Kootenay Arc-based zinc and gold projects in 2017 and 2018, results were disappointing for?Cassiar Gold Corp.\-\-s (GLDC:TSX.V; CGLCF:OTCQB)?predecessor Margaux Resources, and didn\-\-t justify the spending of much more precious cash in a lackluster market. As zinc prices dropped off, Margaux seemed to have missed out on the zinc spike every zinc junior was chasing, and management decided to focus on gold, although the yellow metal dropped off as well at the time. This lasted until the summer of 2019.
With gold recovering, it looked like management placed their gold bets correctly. After raising CA$1.1M in cash in December 2018, the company went after gold assets that were more de-risked compared to, for example, the fully owned early-stage exploration Sheep Creek and Bayonne projects, and dropped the base metal projects.