Goldcorp takes stake in Colorado Resources

Canadian Mining

Goldcorp (TSX: G; NYSE: GG) has found a foothold in northwestern B.C.’s historic Golden Triangle region with a plan to inject $7.2 million into Colorado Resources (TSXV: CXO) to gain exposure to the junior’s 305 sq. km KSP gold-copper property.

Colorado’s president and CEO Adam Travis tells The Northern Miner during a phone interview that the money will be partly used to expand the company’s current 7,500-metre drill program, which is targeting extensions of high-grade gold mineralization at KSP’s flagship Inel project. read the rest of Lesley Stokes’excellent article at The Northern Miner

BC’s golden triangle is heating up with ten juniors drilling. The arrival of a major like Goldcorp will only accelerate the development of this exciting region. And it looks like Goldcorp is willing to take on the headaches of exploring and eventually developing a mine in British Columbia. Even with an NDP government.

Leave a Reply

Your email address will not be published. Required fields are marked *