This is Why Major Gold Companies are Racing Into the Golden Triangle – MENAFN.COM

This is Why Major Gold Companies are Racing Into the Golden Triangle – MENAFN.COM

(MENAFN - Baystreet. ca) The "Golden Triangle" may be one of the most prolific mining areas in the world. Estimated to hold about 219 million ounces of gold, about 87. 7 million pounds of copper, and about 1, 342 million ounces of silver, it could offer substantial opportunity for Metallis Resources Inc. (TSXV: MTS)(OTCQB: MTLFF)(FSE: 0CVM), Seabridge Gold Inc. (NYSE:SA)(TSX:SEA), Eskay Mining Corp. (TSXV:ESK)(OTC:ESKYF), Tudor Gold Corp. (TSXV:TUD)(OTC:TDRRF), and Skeena Resources Ltd. (TSX:SKE)(OTC:SKREF). Better, "Over 130 million ounces of gold, 800 million ounces of silver and 40 billion pounds of copper have been discovered in the Golden Triangle and this is only scratching the surface. Exploration results by numerous junior explorers have made it clear that the Golden Triangle is metal-rich with further significant discovery potential," as reported by Resource World. One of the Companies Operating in the Golden Triangle is Metallis Resources Inc. Metallis Resources Inc. (TSXV: MTS)(OTCQB:MTLFF)(FSE:0CVM) just announced it has closed the first tranche of its previously announced non-brokered placement of up to $3. 5 million. The First Tranche has resulted in the issuance of 5, 970, 000 flow-through units for gross proceeds of $2, 985, 000 and 761, 111 non-flow-through units for gross proceeds of $342,