Gold mid-tiers’ Q3 2024 fundamentals
All-time-high gold prices combined with relatively-contained costs catapulted unit earnings to another epic record.
The drill results from the North zone at the Willoughby gold-silver project 26 km east of Stewart, in the Golden Triangle are promising, reports owner StrikePoint Gold of Vancouver.
Hole W19-094 tested a new area of exposed mineralization that was covered by glacial ice during earlier exploration. The hole returned 1.0 metre of 102 g/t gold and 356 g/t silver within a longer interval of 4.0 metres that averaged 26.28 g/t gold and 95.00 g/t silver. Hole 94 also returned the longest intersection – 5.3 metres at 1.17 g/t gold and 0.80 g/t silver – of the four holes for which assays have been received.
This is a potentially new structure, says StrikePoint. Its orientation is similar to the North zone, 100 metres away. The high grade mineralization occurs within a galena-pyrite-sphalerite-chalcopyrite vein with visible gold.
StrikePoint only acquired the Willoughby property this spring and started exploration in July. The site was previously drilled from 1989 to 1995, and several hundred metres of underground development was completed to allow drilling.
(This article first appeared in the Canadian Mining Journal)
