The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Closes deal for project near town of Hyder in Southeast Alaska North of 60 Mining News - December 16, 2022
Optimum Ventures' Salmon gold project is near Hyder, Alaska, which lies just across the border from BC's Golden Triangle.
Optimum Ventures Ltd. Dec. 14 announced that it has acquired the Salmon gold property in the Hyder Mining District of Southeast Alaska.
A TSX Venture Exchange-listed junior, Optimum has been exploring gold-silver projects near Hyder, Alaska, and just across the border in British Columbia's Golden Triangle since 2021.
In November, Optimum announced that it had entered into an agreement to acquire all the shares of 1309762 B.C. Ltd., a private company that owns the Salmon property, in exchange for 3 million Optimum shares.
With this share exchange buyout now closed, Optimum gains ownership of the roughly 514-acre (208 hectares) Salmon property.
According to an NI 43-101 technical report completed in October, Salmon has excellent potential for the discovery of high-grade gold-bearing zones along northwest trending structures.
Soil samples with as much as 36.1 grams per metric ton gold have been collected on the property.
According to the report, past exploration indicates that the full extent of the gold-silver potential has not been explored but may be achieved using modern exploration methods. The report also states that intrusive rocks on the property are similar to those associated with mineralization at Ascot Resources Ltd.'s Premier gold-silver mine, which is in BC about 2.5 miles (four kilometers) north of Salmon, as well as at Seabridge Gold Inc.'s world-class KSM copper-gold project and Newcrest Mining Ltd.'s high-grade Brucejack gold mine in Northern BC.
"This additional ground secures Optimum's exploration potential in the area, strategically located next to Ascots' Premier Mine and Newcrest Mining's Brucejack operations, we are excited for the prospect of exploration success and increasing shareholder value," commented Optimum Ventures CEO Tyler Ross.
In addition to Salmon, Optimum is exploring Harry, a 3,294-acre (1,333 acres) gold-silver project that lies along the Granduc Road on the west side of Ascot's Premier Mine project.
One hole drilled in 2021 cut 15.64 meters averaging 3.1 g/t gold, 433.4 g/t silver, 0.61% copper, 8.74% zinc, and 7.17% lead in the Swann Zone at Harry.
Optimum launched a planned 2,500-meter drill program at the Harry project in October.
Over his more than 16 years of covering mining and mineral exploration, Shane has become renowned for his ability to report on the sector in a way that is technically sound enough to inform industry insiders while being easy to understand by a wider audience.
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