Gold loses some luster after Trump’s decisive win
Gold’s slide is a marked turnaround for a commodity that had surged by more than 30% in the year leading up to the US vote.
Tasca Resources (TAC-V) today announced it has acquired the Selish Mountain property, a 290-hectare block 15 kilometres southwest of Merritt, B.C., and 10 kilometres to the north of Westhaven Ventures Inc.’s Shovelnose gold property, where recent drilling has returned intersections of 8.95 grams per tonne gold over 46.2 metres and 24.5 g/t gold over 17.77 metres.
Historic exploration on the Selish Mountain property consists of geological mapping, soil sampling and induced polarization surveys for porphyry copper in the early 1970s
Historic exploration on the Selish Mountain property consists of geological mapping, soil sampling and induced polarization surveys for porphyry copper in the early 1970s. Excavator trenching and diamond drilling uncovered sulphide mineralization in the intrusive and hosting volcanics, consisting of disseminations, blebs and discontinuous stringers of chalcopyrite and molybdenite. This description is taken from the B.C. Ministry of Energy and Mines Minfile database.
Tasca believes the historic exploration was solely focused on copper and assaying was likely restricted to copper as well. Tasca plans a reconnaissance trip to the property to view outcrops and take some preliminary samples to assess the precious metal potential of the property.
“Tasca believes in the mineral potential of the Spences Bridge and Nicola group rocks throughout the lower-central interior of British Columbia,” said chief executive officer Clive Massey in a statement. “The potential of the underlying Nicola group rocks can’t be overlooked. We feel the Selish Mountain property has excellent potential for gold and fits in with our Princeton gold property 95 kilometres to the southeast.”
