1% NSR + option to purchase an additional 1% NSR
The Ball Creek West property covers 18,000 Ha in British Columbia's Golden Triangle containing multiple prospective but underexplored alkalic porphyry belts.
Porphyry targets on the Ball Creek West property including More, Mess, and Hickman have seen limited exploration:
The More zone consists of an undrilled Galore Creek style megacrystic syenite porphyry occurrence partially hidden by Quaternary basalts with a potassically altered outcrop returning 6.8% copper, 0.20 g/t gold and 10.3 g/t silver in a grab sample
The Mess zone consists of copper mineralization associated with the eastern contact of a monzonitic stock defining a fifteen-kilometre-long anomalous zone of mineralization at surface. There are greater than 500 metre internal gaps between drill holes and multiple strong soil anomalies remain untested
The Hickman target, discovered in 2019, represents an undrilled porphyry target with copper-gold mineralization at surface in a potassically altered diorite eight kilometres from Schaft Creek.
Under the terms of the Purchase Agreement, P2 Gold will acquire a 100% interest in 18,893 hectares of mineral claims (“Ball Creek West”) for $1.0 million in common shares of P2 Gold, a 1% net smelter return (“NSR”) royalty and transferring to Orogen the right to acquire an additional 1% NSR royalty subject to an underlying agreement.
The Ball Creek Project has had CA$5.3 million invested by the Company and its exploration partners since 2015, which identified at least three intrusive suites associated with other mineral deposits in the Golden Triangle region.
Porphyry style mineralization has been identified in all the intrusive suites across the property but more importantly, the Ball Creek Project is underexplored relative to the rest of the Golden Triangle. Furthermore, the project is fully permitted for exploration and drilling.
Ball Creek West and East Claim Map
- Flagship Royalties
- Canada Royalties
- USA Royalties
- Argentina Royalties
- Mexico Royalties
- West Kenya Royalties