Gold price firms in holiday-thinned trade, spotlight on Fed and Trump policies
The yellow metal has gained 27% so far this year.
Dunnedin Ventures (TSXV: DVI) has started its 2019 exploration program at its 100% owned MPD copper-gold porphyry project in southern central British Columbia.
In a media statement, the Vancouver-based company said that in preparation for the upcoming drilling, it has mobilized field crews to the property for mapping, sampling and prospecting work.
The crews are surveying previous drill holes and trench sites, compiling historic exploration data, prospecting new areas of interest and confirming access for proposed drill sites. As part of this work, historic surface trenches from 1980 and earlier are being resampled by hand-trenching to substantiate mineralization and determine geological-geochemical controls within key target areas. In addition, soil geochemical surveys are being carried out to augment and in-fill geochemical anomalies.
“These are pivotal times at Dunnedin as we embark on programs to advance our copper-gold assets, starting with this inaugural program at MPD, followed by work at Trapper and Mohave later in 2019,” Claudia Tornquist, Dunnedin’s president and CEO, said in the press brief. “We are also excited about the project’s large footprint and its promising historic exploration results, which clearly show the potential for a major copper-gold porphyry system.”
The recently consolidated 78.5-square-kilometre MPD land package is positioned in the Quesnel Trough, a producing copper-gold porphyry belt, that hosts several mines. The project’s Nicola Belt geology has many similar characteristics to nearby alkalic porphyry systems at the Copper Mountain mine to the south, and New Gold’s New Afton mine to the north.
