British Columbia’s mineral-rich Golden Triangle might be even bigger than assumed.
Prospecting in Northwestern BC has been increasing in recent years, and new technologies are revealing more deposits of gold, silver and other valuable materials both within the Golden Triangle and beyond. Improved infrastructure, a stable geopolitical situation and strong local support is making this one of the hottest mining regions in the world.
Exploration in the region grew quiet in the 1990s and 2000s, as access challenges caused by cold winters and poor roads plus the depressed price of gold caused projects to shut down. However, it has since seen a renewal both inside the traditional boundaries of the Golden Triangle and nearby.
While discoveries are ongoing inside the traditional boundaries of the triangle, much of BC is abundantly mineralized. On the outskirts of the Golden Triangle, there have been numerous notable discoveries that have been less publicized, but still offer powerful investment potential.
Investment opportunities just outside the Golden Triangle come with a range of benefits. Many of them are close enough to the triangle to benefit from its infrastructure upgrades, including power upgrades and improved roads. The larger region boasts a skilled workforce that is willing to locate where there are opportunities.
Many pockets in the province once housed mines, and new technologies are discovering untapped deposits near these facilities. Revitalizing these regions can tap into existing local roads, power and communities.
British Columbia is a stable jurisdiction that supports the mining industry, and natural resources are a longstanding key industry for the province. The path well-worn by previous ventures has aided in gaining government approvals and brokering positive relationships with local Indigenous communities. These factors are supportive of projects both in and near the Golden Triangle.
Importantly, Golden Triangle investment opportunities garner worldwide attention, but there are numerous underexplored regions on the fringes that offer novel investment opportunities for those willing to look a little farther afield.
Diane Peters is a freelance writer based in Ontario.
This INNSpired article was written according to INN editorial standards to educate investors.
INN does not provide investment advice and the information on this profile should not be considered a recommendation to buy or sell any security. INN does not endorse or recommend the business, products, services or securities of any company profiled.
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