FOUR NEW HIGH-GRADE GOLD DISCOVERIES IN SASKATCHEWAN

CSE: TGC

Gold discoveries are the apex for a junior exploration company, Taiga has now made 4 high-grade gold discoveries in separate zones through drilling at the Fisher project in Saskatchewan. We are at an early stage in the life cycle of a discovery and it’s an exciting time to be part of proving a geologic model.

TAIGA GOLD PROPERTIES

Created in 2018 for acquisition, Taiga Gold Corporation (CSE: TGC) holds 6 gold projects in the Seabee Gold Operation (SGO) region that were spun out of Eagle Plains Resources (TSX-V:EPL) and packaged in order to spotlight their value. Taiga’s flagship 34,000 ha Fisher Property is under option to SSR Mining (Nasdaq/TSX: SSRM) where exploration is being undertaken to locate new resources which would extend the life of the SGO. Exploration to date has located 4 zones containing high-grade gold drill intercepts and has pinpointed numerous gold discoveries along a 13km trend of the Santoy Shear Zone. This shear zone extends directly from the high-grade Santoy Mine and bisects the entire Fisher Project. In addition, our Chico, Leland and Orchid gold projects are along the same trend and host to geology and structural framework similar to that of the nearby Seabee Gold Operation.

THE HISTORY OF SSRM AND THE SEABEE GOLD OPERATION

In 2016, SSR Mining (SSRM) acquired Claude Resources for its Seabee Gold Operation following an initial attraction to the high grades, then moved to purchase after closer examination of exploration potential. Since 1997, the SGO has produced over 1.57 million ounces of gold from the Seabee and Santoy deposits. Most recently, higher gold grade and recovery have led to the SGO’s fourth consecutive annual production record of 112, 137 ounces of gold – exceeding the top end of guidance (SSRM 2020 press release). Taiga management cautions that past results or discoveries on proximate land are not necessarily indicative of the results that may be achieved on the subject properties.

  • Production from the Seabee Gold Operation is profitable with its grades, despite being smaller in scale. 
  • Seabee Gold Operation is now on a path to a larger-scale operation.
  • November 5, 2019: Record production and cash costs at the Seabee Gold Operation

SSR Mining and Taiga Gold were in the news recently with SSR Mining notifying Taiga Gold that it has earned a 60% interest in the Fisher property. This triggers a one-year period where SSR Mining may elect to purchase an additional 20% interest in the Fisher property by making a $3 million cash payment to Taiga Gold Corp.

Production from SSR Mining’s assets is estimated to create $450 million in annual free cash flow, providing a very strong balance sheet should they pursue M&A.

SSRM purchases Claude Resources for $337m

Taiga Gold spin-out, 5 gold properties

SSRM Drills 31,000m over 79 holes at Fisher to date

2016

Identifies 13km high-grade gold along Santoy Shear at Fisher

4 discoveries of high-grade gold in other zones

SSRM earns 60% of Fisher project

2020

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TAIGA GOLD CORP.

Invest Now For The Future

Taiga’s Fisher project optioned to SSRM

NEW GOLD DISCOVERIES ON THE FISHER PROPERTY

Tim Termuende, CEO of Taiga Gold Corp. at the Metals Investor Forum in Jan 2020

(The Lifecycle of a Mineral Discovery: courtesy of Visual Capitalist)  
source: https://www.visualcapitalist.com/visualizing-the-life-cycle-of-a-mineral-discovery/

INVEST IN THE FUTURE

Since optioning the Fisher Property in 2016, SSRM has identified a 13km high-grade gold trend along the Santoy Shear Zone by completing extensive systematic exploration including prospecting, soil geochemical sampling, detailed geological mapping, geophysical surveys and have completed over 33,000m of drilling in 80+ holes at a total cost of approximately $CDN 11,000,000.


  • 4 High-grade gold discoveries in separate zones at Fisher validate further exploration
  • A 3,800 meter drill program at the Fisher commenced late September 2020

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