The Golden Triangle stocks we’ve dug up are all exploring in this prolific region of northern BC and have upcoming catalysts in H1/20, which could lead to significant investor upside
SmallCapPower | March 2, 2020: The Golden Triangle region of northern British Colombia is one of the most mineral-rich belts in the world. The region has produced millions of ounces of gold and tens of millions of ounces of silver over the past century. To date, much of the exploration done in the Golden Triangle has been above the treeline. However, many exploration companies have begun drilling deeper holes to identify additional deposits. Today we have found four TSXV-listed Golden Triangle stocks that could see significant upside in 2020.
*Share prices as at February 27, 2020, data obtained from S&P Capital IQ
GT Gold Corp. (TSXV:GTT) – $1.23
Junior exploration
GT Gold is a junior gold, silver, and copper explored focused in northern BC’s prolific Golden Triangle region. The Company’s flagship property is the Tatogga property, covering an area of 46,826.73 hectares. Last November, GT Gold announced a strategic investment from Newmont Goldcorp Corporation via a private placement priced at $1.20 per share for total consideration of $8.3M (14.9%). Upcoming catalysts for GT Gold include the release of over 7,000 meters of drill results from the 2019 drilling season, in addition to an updated economic assessment, which is expected to highlight the high-grade resource at the Tatogga property by Q2/20.
- Market Cap: $151.6M
- YTD-Return: +9.4%
- 90-Day Return: +22.3%
- 30-Day Average Trading Volume: 295,430
- 90-Day Average Trading Volume: 318,830
Skeena Resources Limited (TSXV:SKE) – $0.89
Junior exploration
Skeena Resources is a junior gold explorer focused in northern BC. The Company’s flagship asset is 1) the Snip gold mine, which produced 1.1M oz/Au annually from 1991-1999; 2) the Spectrum-GJ copper-gold properties; and 3) the Blackdome gold mine property. Skeena also has an option to acquire 100% of the Eskay Creek gold mine from Barrick Gold. On January 14, 2020, Skeena reported additional gold-silver drill results from the 2019 Phase I surface drilling program at the Eskay Creek Project, which included 14.73 g/t gold equivalent over 36.9 metres. Upcoming 2020 catalysts include: an updated NI 43-101 Resource estimate expected in 2020 from the Snip Gold Project and additional drilling at the GJ Gold-Copper project.
- Market Cap: $120.0M
- YTD-Return: +30.9%
- 90-Day Return: +36.9%
- 30-Day Average Trading Volume: 599,430
- 90-Day Average Trading Volume: 419,270
Eskay Mining Corp. (TSXV:ESK) – $0.245
Junior exploration
Eskay Mining is engaged in the acquisition and exploration of mineral properties, and precious and base metal deposits in British Columbia. The Company holds an 80% interest in the St. Andrew Goldfield (SIB)-Eskay project located at Eskay Creek; and a 100% interest in Corey mineral claims located in the Skeena Mining division. Eskay Mining’s large land package hosts many excellent exploration targets, and much remains underexplored. Numerous showings have seen only first pass exploration and drilling, and several geophysical targets have yet to be drill-tested. Upcoming catalyst include the release of late 2019 drill results.
Watch: Eskay Mining CEO Says We Think We Hit Eskay Creek Part 2
- Market Cap: $29.0M
- YTD-Return: -4.8%
- 90-Day Return: +60.0%
- 30-Day Average Trading Volume: 75,010
- 90-Day Average Trading Volume: 91,600
Scottie Resources Corp. (TSXV:SCOT) – $0.19
Junior exploration
Scottie Resources explores for gold, silver, cobalt, and copper deposits. The Company holds interests in five properties in the Golden Triangle region of BC (Scottie Property, Ruby Silver Project, Black Hills Property, Stock Property, Bow Property, the Summit Lake Property, and the Bitter Creek Property), covering in total ~8,700 hectares of land.
- Market Cap: $16.8M
- YTD-Return: -8.1%
- 90-Day Return: +10.3%
- 30-Day Average Trading Volume: 615,120
- 90-Day Average Trading Volume: 450,050
Disclosure: Neither the author nor his family own shares in any of the companies mentioned above.
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