Key Takeaways
- Mystery Creek Resources (MYC.CSE) reported 14.2 g/t Au over 22.4m in hole MYC-26-08.
- The intercept is within the Golden Triangle of northwest BC, one of the world’s premier exploration addresses.
- MYC.CSE opened up 47% on the news before pulling back to close +28% on volume of 4.2M shares.
- A follow-up drill program of 8 additional holes is underway; next results expected in 6–8 weeks.
Junior explorer Mystery Creek Resources (MYC.CSE) has reported a high-grade gold intercept from its Cascade Mountain property in British Columbia’s Golden Triangle that is generating significant buzz in the junior mining community. The headline hole MYC-26-08 returned 14.2 grams per tonne gold over 22.4 metres, a result that compares favourably with early-stage drill results from some of the region’s most celebrated discoveries.
The Drill Results
| Hole ID | From (m) | To (m) | Length (m) | Au (g/t) |
|---|---|---|---|---|
| MYC-26-08 | 118.0 | 140.4 | 22.4 | 14.2 |
| MYC-26-07 | 202.0 | 214.5 | 12.5 | 8.7 |
| MYC-26-06 | 88.5 | 96.0 | 7.5 | 5.4 |
| MYC-26-05 | 310.0 | 324.0 | 14.0 | 3.2 |
Note: Assay widths are drilled widths; true widths are estimated at 75–85% of reported widths pending structural data.
What Makes This Intercept Significant
The Golden Triangle has been the scene of some of Canada’s most significant gold discoveries over the past decade, including Seabridge’s KSM deposit (over 100 million ounces gold-equivalent) and Newcrest’s Red Chris mine. Junior explorers in the region routinely attract major company attention when high-grade zones are discovered.
At 14.2 g/t over 22.4 metres, MYC-26-08 represents a grade × thickness (“gold content”) of approximately 319 gram-metres a threshold that geologists generally consider sufficient to attract institutional attention and potentially triggering a major company earn-in or joint venture discussion.