AuRico Metals holds a 0.98% net smelter return on the GJ property and a 0.49% net smelter return on the GJ Northern Block, operated by Skeena Resources. The project owner has the right to buy-back half of one or both royalties.
The GJ property is located in the prolific Golden Triangle of northwest British Columbia, approximately 200 km north of Stewart. The GJ property is crossed by Highway 37, several forestry roads and winter trails, and a new 287 kilovolt power line connecting the nearby Red Chris mine to the provincial power grid.
According to an updated, independent National Instrument 43-101 resource estimate released on January 14, 2016, the Donnelly and North Donnelly porphyry copper-gold deposits at GJ host an updated measured and indicated resource, using a 0.2% Cu cut-off, of 134Mt grading 0.32% Cu and 0.36 g/t Au for a total of 940.23 million pounds of copper, and 1.56 million ounces of gold. In addition, 54Mt grading 0.26% Cu and 0.33 g/t Au has been estimated in the inferred category, using a 0.2% Cu cut-off, for a total of 312.53 million pounds of copper and 0.57 million ounces of gold
For additional information on the GJ property please see here.