Scandium in Golden triangle -many years ago - Romios Romios discovers scandium in BC’s Golden Triangle
Romios Gold Resources Inc announced November 13 assay results from seven drillholes at the Ken Zone on its Newmont Lake Project in the Golden Triangle District in northwest British Columbia
Romios Gold Resources Inc (V.RG) announced November 13 assay results from seven drillholes at the Ken Zone on its Newmont Lake Project in the Golden Triangle District in northwest British Columbia. Highlights include
0.23 grams per tonne gold, 0.03% copper, 0.26 g/t silver, 32.67 g/t scandium over 198.2 metres
0.5 grams per tonne gold, 0.11% copper, 1.5 g/t silver, 13.22 g/t scandium over 29.28 metres
0.19 grams per tonne gold, 0.02% copper, 0.37 g/t silver, 25.52 g/t scandium over 102.67 metres
0.02 grams per tonne gold, 0.01% copper, 0.09 g/t silver, 37.95 g/t scandium over 50.42 metres
0.39 grams per tonne gold, 0.07% copper, 0.13 g/t silver, 12.87 g/t scandium over 31.9 metres
0.09 grams per tonne gold, 0.01% copper, 0.12 g/t silver, 31.81 g/t scandium over 62.38 metres
Romios controls numerous properties comprising 73,000 hectares in the Golden Triangle.
TD: I would say so. It looks like a new discovery, especially with the scandium.
RW: You could say that scandium is a “rare” rare earth.
TD: Yes. There aren’t actually any scandium mines per se. Scandium is produced as a byproduct from uranium and some other mines. It has different uses but is mostly used as an alloy for aluminum. The big advantage with scandium is you can weld aluminum. I run another company, a uranium and rare earth company, and I’d been looking for scandium for several years and didn’t find any. So this is very exciting.
RW: Talk about the amounts of scandium you found.
TD: We’re getting like 30 to 40 grams per tonne. According to the US Government’s website, last year’s scandium price was $5,200 a kilogram or $5.20 a gram. So at 40 grams, that’s $200, and that’s not counting the gold and other minerals. We got one hole, 650 feet from top to bottom, running 33 grams scandium, so that’s over $150 worth of metal just in scandium alone.
RW: Are your Golden Triangle properties your flagships?
TD: Yes. We’ve got about 188,000 acres there. It is basically between Galore Creek, which is NovaGold’s (T.NG) copper-gold-silver project and Teck Resources’ (T.TCK.B) copper-gold-silver project, Barrick’s (T.ABX) Eskay Creek, Pretium T.PVG, which is to the south, and Seabridge (T.SEA). We’re in the heart of the Golden Triangle.