August 12 2

Image of Treaty Creek looking SW towards Seabridge’s Iron Cap

There is about a 500km band of mineralization that stretches from the placer deposits of Atlin B.C., near the Yukon border, down to former producing moly-silver mines at Kitsault just south east of Stewart, B.C.. The southern half of this band is so endowed that it is referred to as “The Golden Triangle”. It has produced numerous mines in the past, has two mines in production, one going into production in 2024 and another in 2026, and many more projects at feasibility stage.

amk goldentriangle2

More information on B.C.’s Golden Triangle can be found in the presentations below:

Visual Capitalist: The Story of the Golden Triangle
Visual Capitalist: The Re-awakening of the Golden Triangle

Due to rising gold prices, extensive exploration has taken place in the last 17 years accounting for 61% of all expenditures in the province in 2022.  Over this time period it has become one of the richest metal belts in the world.  Some of the largest & some of the highest grading precious metal / base metal deposits in the world.  Despite over $500,000,000,000 worth of insitu resources being discovered, a BC Government report estimates that only 0.0006% of the Golden Triangle has been mined to date.

The area close to Stewart extending north for just over 60km is the richest part of the Golden Triangle and hosts the vast majority of past producing mines.  This was noted in the Nelson / Kyba geological report:

"One of the most important mineral trends of northwestern British Columbia extends from near the town of Stewart north to the Treaty Glacier" - Nelson / Kyba, British Columbia Geological Survey, Ministry of Energy and Mines  2014

Treaty Creek is located in this heavily mineralized zone.  

The Crown Jewel of the Golden Triangle is the Sulphurets Hydrothermal System (one of the seven largest in the world) that has proven to host one of the greatest concentrations of metal value on the planet with 216 million ounces gold, 897 million ounces silver and 53 billion pounds copper so far (all categories).  Of that over 50 million ounces gold, 200 million ounces silver, and 7 billion pounds are proven and probable reserves. More resources are being added and existing resources are being converted over to reserves.  That’s just in its southern half which also hosts the Brucejack Mine (Newmont) which started its production of 3.84 million ounces @ 8.3g/t in May 2017 and the KSM (Seabridge) which contains the largest undeveloped gold deposit in the world by reserves – 47.3 million ounces gold with 7.3 billion pounds of copper.

Treaty Creek covers the northern half of the Sulphurets Hydrothermal System which is all connected at depth. The geology, geophysics, structural signatures, and exploration results all indicate the potential to host mineralization of similar scale to the southern half. So far, the Goldstorm deposit has a Mineral Resource Estimate of 26.54 million ounces of gold, 157.7 million ounces of silver, and 3.37 billion pounds of copper (all categories included). The grades at the Goldstorm deposit are increasing and it’s open in all directions. Drill results similar to initial ones at Goldstorm are being discovered on the Calm Before the Storm, Eureka, and Perfectstorm zones as well. Treaty Creek is logistically blessed to be on the same side of the mountain range as the highway and power.

The Golden Triangle has also benefited from new infrastructure including paved roads, high-power transmission lines, new hydro-electrical projects being commissioned, and a second ice-free port in Stewart BC. As a bonus, a road is being built bringing power in from Highway 37 to within a few kilometers of Treaty Creek’s boundary.