| Canada's Largest Untapped Gold Deposit Now Open to Investors By Matt Badiali, editor, S&A Resource Report Saturday, April 3, 2010 Mining investors are going to start hearing the words "Golden Triangle" soon. They're going to start hearing them a lot. I flew up to this remote corner of Canada - a section of northwesternBritish Columbia that's roughly the size of Connecticut - in the summerof 2007... to visit the largest gold deposit ever found in the countryat that time. The Golden Triangle isn't just home to the gold deposit Ivisited. It turns out, another deposit, located practically right nextdoor, contains even more gold, according to the Vancouver Sun. One of the deposits in the Golden Triangle is so rich, one geologistcalled it "the highest grade gold I've seen in my career. and I've beenin the business since 1976." And its size grew with every hole thecompany drilled. Since its initial discovery, the resource hasincreased by almost 500%. And Pierre Gratton, CEO of the Mining Association of British Columbia, calls yet another find simply "too large to ignore." Altogether, this tiny area holds an estimated 15 world-class gold deposits... all virtually untapped. But the Canadian government is going to change all that. You see, the Golden Triangle has been mostly impossible to minefor the past 150 years because of its remote location and lack of powerinfrastructure (I had to visit by helicopter). While many folks getexcited about big gold discoveries, they often forget that roads andpower lines are as important to a mine as ore grades. Well, roads and power lines are on their way to the Golden Triangle... The British Columbia provincial government - in conjunctionwith the federal government of Canada - has approved the constructionof a 200-mile power line. The new high-voltage Northwest TransmissionLine is scheduled to cut right through the heart of the GoldenTriangle... and it's going to bring a mining boom along with it. You see, British Columbia is great place to build a gold mine.It's mine-friendly - five mines have opened there in the last threeyears. Another 50 projects are in the engineering stage, and 100 moreprojects show encouraging exploration results. Canadian politicians believe the new electrical line will spurthe development of 11 new mines that, in turn, will generate $15billion in private investment, create as many as 11,000 jobs, andproduce $300 million in annual tax revenues. It will also send theshares of companies that own prospective stakes in these potentialmines soaring. Right now, a group of small mining companies control themajority of the land in the Golden Triangle. A few years ago, thisunique group of companies began buying up all the land in the region,in anticipation of this development. These small companies knew that ifa power grid were ever built in the Golden Triangle, the land therewould be worth an absolute fortune. Here's a short list of companies that stand to benefit: Mine Company Symbol Market ValueRed Chris Imperial Metals TSX: III $555 million Galore Creek NovaGold AMEX: NG $1.4 billion Schaft Creek Copper Fox Metals TSX V: CUU $40 million Turnagain Hard Creek Nickel TSX: HNC $57 million Mount Klappan Fortune Minerals TSX: FT $95 million Kutcho Capstone Mining TSX: CS $591 million GJ/Kinaskan NGEx TSX: NGQ $147 million Snowfields Silver Standard Nasdaq: SSRI $1.4 billion KSM Seabridge Gold AMEX: SA $823 million Bronson Slope Skyline Gold TSX V: SK $8.6 million Storie Columbia Yukon TSX V: CYU $10.4 million |
