Nick Campbell: This Could Be The Next Billion Tonne District

VRIC Media Sep 12, 2026 21:08

Summary

A 55,000-metre systematic drill program is finally testing the historic Greenwood Copper-Gold District in BC for scale across three targets.

Three main zones — Phoenix South, JD Golden Crown, and Lexington — could together host a billion-tonne district at high grades.

Existing roads, rail, power, a permitted mill, and tailings storage save roughly a couple hundred million dollars of development capex.

Phoenix is fully funded with $50M cash for a two-year exploration program, giving investors two years of news flow without dilution.

First Lexington drill results are expected in October, with Phoenix target results in November — assays take roughly six weeks.

The speaker notes that Chris Lowder was a senior geo for AngloGold Ashanti in the Americas and first evaluated the Greenwood opportunity about 20 years ago while working there.

The speaker says he was the sixth employee brought on at Artemis Gold and helped grow the company from about a $400 million market cap to roughly an $8–9 billion market cap by the time he left in March 2023.
He joined Artemis because he liked its staged approach to development at the Blackwater project, which he calls a strong way to manage risk and capital exposure when bringing an asset into production.
The speaker points to Artemis's acquisition of the Blackwater project from New Gold as the trigger that drew him back to Vancouver and into the company.

The speaker says he was CEO of Mayfair Gold before leaving to take the CEO role at Phoenix Metals, and that he brought in Drew Anwell, now Mayfair's CEO, as a serious mine builder during his tenure.

The speaker cites Troilus as a comparable copper-gold asset, putting it at about 324 million tonnes grading 0.49 g/t gold and 0.06% copper.

The speaker mentions that Hatham-Hoadley, his early mentor at a boutique brokerage, is now president of Wheaton.