An Impressive Trajectory of Gold Discovery
Drills Return to Follow Up New High Grade Gold Discoveries
There is an impressive trajectory of gold discovery happening in Saskatchewan. Taiga Gold Corp. (CSE: TGC) has had an exceptional year with the latest round of exploration drilling intercepting 3 new gold discoveries while the previous round located 1 new gold discovery, all these at the 34,000 hectare Fisher Property in Saskatchewan. It’s no simple feat to make new discoveries on a district scale greenfield property but Taiga’s partner, SSR Mining Inc. (TSX: SSRM) (NASDAQ: SSRM) has been investing heavily in the area and their persistent systematic exploration approach is paying off with multiple new discoveries being made at the Fisher Property. A new round of drilling is underway to build on the success at the Mac North Zone.
The drills are returning to the Mac zone discovery from March of this year. SSRM crews had an early start to the drill season and completed drilling four of the six drill targets before the Covid 19 suspension. Now that restrictions have been lifted, a 3,000m program is planned to further explore the Mac North area. The Fisher Project is located 125km east of La Ronge, Saskatchewan and is contiguous to the north, south and east with SSRM’s Seabee Gold Operation which includes the active Santoy mine. The exploration potential in and around the mine complex has consistently extended mine life characterized by high-grade underground structures. SSRM is mining 1-2 metre-wide veins at Santoy, at grades between 8 and 10 g/t gold. Seabee operations stand out for their profitability which stems from the plant performance with a projected 96.5% recovery and contributes to a low all-in sustaining cost of $682 per payable ounce of gold sold. [source: SSR Mining]
The property is owned 100% by Taiga and is under option to SSRM, which is funding all exploration. To earn a 60% interest, SSRM agreed to complete a minimum CDN $4,000,000 in exploration expenditures over four years. The agreement is in its 4th year and expenditures have exceeded requirements by spending more than CDN $10 million.
SSRM is investing over CDN $5.0 million in exploration on Taiga Gold’s Fisher Property in 2020 with programs designed to target a Mineral Resource discovery.