Mining News: Northern Neighbors: Colorado kicks off 2016 drilling in B. C.’s Golden Triangle area

Colorado Resources Ltd. June 16 posted plans for exploration at three properties in the Golden Triangle region of northwestern British Columbia. At KSP, a property the company is optioning from SnipGold Corp., the company has begun drilling at the Inel zone. Colorado has had crews mapping and prospecting at lower elevations at KSP over the last few weeks. Colorado is also preparing for a field program at KingPin, a large copper-gold property immediately southwest of KSP that Colorado acquired earlier this year. The 32,825-hectare (81,111 acres) KingPin property covers 35 British Columbia Minfile occurrences. Colorado’s initial program will investigate four of these historical mineral occurrences: Max Area, a cluster of 15 porphyry, vein and skarn targets that Colorado believes may have been under-appreciated for their gold potential; KingPin South, which hosts three known polymetallic-gold targets located in areas that have undergone significant glacial retreat since last worked and offer new areas to explore for vein targets; Boulder Creek, a cluster of nine occurrences in the southwest portion of KingPin that shows promise for vein and skarn targets; and KingPin West, which includes more than 15 kilometers (nine miles) of promising geology on trend from the KSP property. In a program slated for later this summer, Colorado intends to follow up on these areas using the knowledge it has gained while working at KSP. Centerra Gold Inc., a Toronto-based company with two operating gold mines in Asia, is planning to complete 2,000 meters of drilling at HP, a property it is optioning from Colorado.

-Shane Lalsey