The S&P/TSX Venture Exchange rose 26.92 points or 2.73% to finish the trading week at 1,012.06. Spot gold jumped US$47.20 per oz. or 2.60% to US$1,865.20 per ounce.
Eskay Mining rose $1.15 to $3.28 per share. The company released assay results from its 2021 diamond drill program at its 100%-controlled Consolidated Eskay project in northwestern British Columbia’s Golden Triangle, about 70 km northwest of Stewart. Highlights from the TV deposit included 26 metres grading 1.9 grams gold per tonne and 367.7 grams silver per tonne in drillhole TV21-63 and 24.09 metres grading 2.2 grams gold per tonne and 374 grams silver per tonne in hole TV21-54. Drillhole TV21-47 returned 14.17 metres grading 3.3 grams gold per tonne and 37.2 grams silver per tonne, and TV21-52 cut 8.7 metres grading 3.4 grams gold per tonne and 115.4 grams silver. This year Eskay Mining has completed about 23,500 metres of drilling in 98 holes. “The TV deposit is showing all the signs of a textbook VMS system,” John DeDecker, Eskay Mining ’s VP of Exploration, stated in a news release. “Identifying the VMS feeder zone above the Lower Massive Sulfide Zone indicated our stacked VMS deposit concept was on the right track.” The TV deposit is about 13 km south of Skeena’s Eskay Creek mine.
Shares of Los Andes Copper were up 39¢ to $10.99. The company has started drilling its 100%-0wned Vizcachitas project in Chile, about 120 km north of Santiago in the country’s copper belt. The project is one of the largest copper deposits in the Americas that isn’t controlled by a major and Los Andes Copper believes it will be Chile’s next major copper mine. The drill program will explore the deeper parts of the porphyry copper deposit, where highlights from previous drilling included 506 metres grading 0.57% copper and 357 parts per million molybdenum from 486 metres downhole. The drill program will also explore the open part of the deposit to the north and northeast for the upcoming prefeasibility study.
CopAur Minerals advanced 47¢ to $1.45 per share. The company reported results from its 2021 soil program that was designed to confirm surface mineralization within the historic T-Bill gold zone on its Williams copper-gold project in northern British Columbia. The company said the work has resulted in the discovery of a new north-trending zone of surface mineralization that extends about 1,000 metres in strike length and is located about 1.1 km west of historic gold-in-soil anomalies. One of the soil samples assayed up to 6.88 grams gold per tonne. The company recently completed a property-wide VTEM airborne geophysical survey.
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