Mexico’s proposed higher mining royalties could block nearly $7bn in investments
The Mexican government proposed raising mining royalties under the argument that metal prices have risen in recent years.
There is nothing like 95 g/t gold to make a trip to Yukon a pleasure. That is what Stratabound Minerals found during trenching at the Golden Culvert project in the Hylands-Selwyn gold belt in the eastern part of the territory.
Trench TR1923-B yielded 24.41 g/t gold over 6.0 metres, including 95.0 g/t over 1.5 metre. That short interval was the highest grade ever recovered at Golden Culvert. This trench was designed as an extension of an open ended interval of 2.33 g/t gold over 3.0 metres that included 5.23 g/t over 1.0 metre in trench TR1804-H. Stratabound geologists consider both trench intersections to be a new vein – the Mid vein – that occurs between the Main and West 1 veins.
The 2019 summer program allowed Stratabound to extend the Main zone strike length beyond the 1.9 km portion explored to date.
Three other new parallel gold-bearing quartz vein structures were also discovered at Golden Culvert. The best result among these was 12.30 g/t gold over 1.0 metre within 7.26 g/t over 5.0 metres in trench TR1917-B.
A new gold-bearing vein was discovered 7.1 km north of the Main zone during helicopter reconnaissance as was a small outcrop 260 metres to the northwest. Both finds are within highly altered phyllite host rock with sulphide mineralization similar to the Main zone.
(This article first appeared in the Canadian Mining Journal)
