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Atlin Gold Belt (CAN)

The Atlin Gold Belt, British Columbia, Canada

In a significant stride towards its commitment to excellence and expansion, Brookmount Gold successfully acquired a 70% stake in a prime gold mining operation nestled within the prestigious Atlin Gold Belt in Northwestern British Columbia, Canada on April 12th, 2023.
See report from Mining Technology

We’re excited about The Atlin project and its acquisition. It represents an underexplored area but it is a previous mine with production. So the old timers didn’t explore. Their mining methods we’re just mining. So we expect to go into this area. and quickly start up mining again as well as significantly increase the minable resource and reserve that exists there.

This transformative venture marks a pivotal chapter in Brookmount’s trajectory, reinforcing its status as a dynamic player in the gold mining industry. The strategic move, which materialized today, follows a meticulously planned acquisition process initiated with a binding agreement inked on August 30 of the preceding year. Brookmount, whose shares are actively traded on the OTC Markets, envisions commencing operations at the acquired facility in the upcoming third quarter of this calendar year, showcasing the company’s commitment to efficient and timely project execution.

Termed the “Atlin Project” internally, the newly acquired site spans an expansive 100 hectares and boasts a historical legacy as a “hard rock” mine, renowned for its consistent production of valuable minerals. Geared towards sustainable growth, Brookmount recognizes the ample room for expansion within the Atlin Project, laying the foundation for a thriving mining venture.

Exploration reports from the Company’s geologists illuminate the promising prospects of Atlin, highlighting the existence of various vein structures on the property, with noteworthy samples indicating assays as high as an impressive 1oz (35 grams) per tonne. Unveiling the richness of the mine levels, Brookmount identifies a substantial block of probable ore, estimating around 76,000 tonnes with an average grade of 0.17oz (6 grams) of gold per tonne. Although presently non NI 43-101 compliant, Brookmount is committed to undertaking diligent drilling and associated activities to bring this resource to a fully compliant status.

As Brookmount ventures into this promising territory, the Atlin Gold Belt acquisition stands as a testament to the company’s unwavering commitment to responsible and profitable gold mining operations, further solidifying its position as an industry leader with a keen eye on sustainable growth. The integration of Atlin into Brookmount’s portfolio promises not only increased production capabilities but also synergies that will positively impact the overall efficiency of the company’s operations.

Nils Ollquist, the visionary CEO of Brookmount Gold, expresses his enthusiasm regarding the acquisition, emphasizing its strategic significance as the company’s third project in North America. Mr. Ollquist affirms, “This is a strategic investment for us and aligns with our goal of expanding our operations in developed gold markets such as the USA, Canada, and Australia. We believe that the Atlin project has great potential, and its proximity to our other properties in Canada and Alaska should streamline production when it comes on stream and reduce costs associated with gold production.”

About Atlin, British Columbia

Nestled in the province of British Columbia, Canada, Atlin is a town that unfolds a captivating narrative shaped by its geographical wonders. Positioned in the northwest region near the Yukon Territory border, this charming town graces the eastern shore of Atlin Lake, one of the province’s most expensive natural lakes.

With roots dating back to the Klondike Gold Rush of the late 19th century, Atlin is a town steeped in history. The allure of gold in its vicinity ignited a surge of fortune seekers and prospectors, significantly contributing to the town’s establishment in 1898.

Atlin Lake, an integral part of the town’s allure, stands as a picturesque haven celebrated for its breathtaking landscapes and pristine wilderness. The lake beckons outdoor enthusiasts with opportunities for angling, boating, and wildlife observation.

Fostering a sense of tranquility, Atlin embraces a modest and closely-knit populace. The diminutive size of the town enhances the sense of camaraderie among its inhabitants.

Atlin functions as a magnetic draw for tourists who are enamored by historical architecture, charming landscapes, and outdoor recreation. The town significantly contributes to the local economy through tourism, captivating visitors with its distinctive charm.

Enriched by its Indigenous heritage, Atlin is situated in the traditional territory of the Taku River Tlingit First Nation. The enduring connection of the First Nations people to the land adds to the cultural diversity of the area.

Fostering a vibrant cultural scene, Atlin stands out for its lively ambiance in arts and culture. The annual Atlin Arts and Music Festival serves as a vibrant showcase for both local and international talents, leaving a lasting impression on residents and visitors alike.
Surrounded by extensive and mostly untouched wilderness, Atlin emerges as an enticing haven for those seeking an isolated and authentic northern escapade.

Proudly carrying the legacy of the Klondike Gold Rush, Atlin remains of interest for mining endeavors, with gold exploration and extraction constituting integral components of its economic landscape. Serving as a portal to exhilarating outdoor escapades, Atlin unfolds numerous prospects, from hiking trails and backcountry explorations to the enchanting spectacle of the Northern Lights during the winter season. Atlin is truly a gateway to nature’s wonders and historical richness.