This summer, we are going to launch the first drill program at East Niv, a highly prospective copper-gold exploration targets in BC.
Our strengthened balance sheet will pave the way for the long-awaited testing of exploration target East Niv, with the potential to discover a new porphyry centre within a prolific porphyry belt in a Tier 1 jurisdiction.
East Niv is located within a region of the eastern Stikine Terrane that hasn’t seen meaningful exploration since the 1970’s. Lying approximately 15 kilometres west of the Sustut Copper deposit and 40 kilometres south of the Kemess mine complex, the property is far enough off the beaten path to have been overlooked, but close enough to road and power infrastructure to be actionable. The property was acquired by staking in 2018 following a regional database compilation and analysis of Geoscience BC’s Search III airborne geophysical dataset. The property has since been expanded to cover approximately 23,765 hectares following the identification of a number of outcropping mineralized porphyry Cu-Au occurrences.
The Stikine Terrane is host to numerous porphyry deposits and complexes including Kemess (Centerra Gold), Red Chris (Newcrest Mining/Imperial Metals), Kerr-Sulphurets-Mitchell (“KSM”; Seabridge Gold) and Galore Creek (Newmont/Teck Resources). East Niv lies within an underexplored limb of the eastern Stikine Terrane which has been largely ignored since Falconbridge discovered the Sustut Copper deposit in 1973.
Field work, analysis and compilation of geology, IP chargeability, aeromagnetics and soil/rock geochemistry has resulted in the identification of a number of compelling porphyry Cu-Au targets at East Niv.