Cache Exploration to Acquire Marmot Precious Metals Project in Golden Triangle, British Columbia
[Click image to enlarge]
Cache Exploration completed the definitive agreement to acquire a 100 percent option on the Marmot Precious Metals Project located in the Golden Triangle British Columbia, Canada and held by Granby Gold.
“Minerals explorers are piling up into British Columbia’s Golden Triangle, with several companies showing massive discovery potential.The Marmot project covers over 4000 hectares and has over 10 minfile references, including the past producer Montana (Ag, Au, Cu, Pb, Zn) mine,” said CEO of Cache Exploration, Jack Bal.
“The company will mobilize a work program as soon as the weather allows. We are very excited to be involved in such a promising project,” added Bal.
Marmot Overview
The 4049 hectare Project is located roughly six kilometers from the town of Stewart, British Columbia in the southeast part of a mineral-rich belt of Stikine terrane rocks that lies along the eastern flank of the Coast Mountains. The belt lies between the Iskut and Kitsault-Anyox areas and is centred on the town of Stewart, British Columbia.
Both the Unuk River and Salmon River Members of the Lower to MiddIe Jurassic Hazelton Group are present on the property. Voluminous resistant volcanic and associated volcaniclastic strata predominate in the area. The youngest volcanic members are bimodal, consisting mainly of basalt and rhyolite. Middle to Upper Jurassic Bowser Lake Group clastic rocks that conformably overlie the Hazelton Group may also be present.
The Eskay Creek mine of Skeena Resources Ltd. (formerly of Barrick Gold Corporation) is an extremely rich and profitable Au-Ag deposit near the northern end of the belt. The Eskay Creek deposit is interpreted to have formed in an environment transitional between subaqueous hot springs and exhalative volcanogenic massive sulfide (VMS), and the geologic setting for the deposits similar to that of the property.
The regional metallogenic picture of the Iskut-Anyox belt suggests that potential also exists on the property for the occurrence of other mineralization types. These include more typical VMS mineralization, possible ‘transitional-type’ mineralization variously interpreted as veins or exhalative, both Ag-rich, precious and base metal veins, porphyry-related and shear-hosted mineralization.
Four mineral showings, four prospects, and one past-producer are located within the survey area.
About Cache Exploration
Cache Exploration Inc., an exploration stage company, engages in the acquisition, exploration, and development of mineral properties. Its principal property is the Kiyuk Lake gold property that consists of 70 mineral claims covering an area of 590 square kilometers located in the Kivalliq region, Nunavut. The company was incorporated in 2005 and is headquartered in Vancouver, Canada.
To stop by Cache’s website, CLICK HERE
Be in-the-know when you’re on-the-go!
FREE eNews delivery service to your email twice-weekly. With a focus on lead-driven news, our news service will help you develop new business contacts on an on-going basis.
CLICK HERE to register your email address.
Copyright © 2020 Mining Connection LLC. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.
For licensing permission, .(JavaScript must be enabled to view this email address)
