Gold and copper (BC)
Given increased demand for copper and gold, and rising commodity prices, our long-held prospect at McConnell Creek in BC warrants our heightened focus and attention.
The McConnell Creek gold-copper property is in the Omineca Mining Division, British Columbia (BC), Canada. The property is 780 km. north of Vancouver, BC, and 400 km. northwest of Prince George. Access is by paved highway to Fort St. James and then by good gravel road to the Kemess mine area.
Since the property was acquired in 1981, it has been explored by GGL and by two major mining companies, the last of which was Placer Dome in 1990. At that time, the commodity markets were not strong and in the 1990s, the NDP government discouraged the development of resources. Times and policies have changed, and with higher commodity prices, the property warrants a fresh look.
The property contains significant gold values within a favourable structure and geological setting.
In 1991, the significant copper potential of the property was recognized, defined by soil geochemical surveys completed by Placer Dome (which were re-analyzed in 2005). Low copper prices precluded a follow-up at that time. The significant copper potential of the property – enhanced by higher copper prices -- has been substantiated.
The mineral property, including a new mineral tenure staked in 2005, consists of 4,878 hectares (12,054 acres).
In September 2007, the Company obtained a National Instrument 43-101 compliant report (PDF of the Report, 33MB) on exploration activities to date on the McConnell Creek property. The Technical Report is dated August 30, 2007 and was authored by Paul W. Richardson, Ph.D., P. Eng., a Qualified Person who is not independent of GGL.
The GGL News release dated September 5, 2007 is available here.