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 through drilling on our 100% owned Fisher project in Saskatchewan. We are at an early stage in the life cycle of a discovery and it is an exciting time to be part of proving a geologic model.

TAIGA GOLD PARTNERS AND PROPERTIES

Created in 2018 for acquisition, Taiga Gold Corporation (CSE: TGC) holds 5 gold projects in the Seabee Gold Operation (SGO) region that were spun out of Eagle Plains Resources (TSX-V:EPL) and packaged to obtain full value for those assets. The 100% Taiga Gold owned 34,000 ha Fisher Property is under option to SSR Mining (Nasdaq/TSX: SSRM), which is funding the exploration to locate resources to extend the life of the SGO. Exploration to date has pinpointed numerous gold discoveries along a 13km trend of the Santoy Shear Zone, which extends directly from the high-grade Santoy Mine onto the Fisher Project. In addition, our 100% owned Chico and Leland gold projects are along the same trend and host to geology and structural framework similar to that of the nearby Seabee Gold Operation.  These projects are currently optioned to Aben Resources (TSX-V:ABN) (OTCQB:ABNAF) (Frankfurt:E2L2) and SKRR Exploration (CSE:SKRR) respectively.

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 1.27 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
    • 32,345 ounces of gold at record low cash costs of $373 per payable ounce
    • Gold recovery of 98.8% and gold feed grade of 12.39 g/t
    • Realized gold price of $1,480/oz

SSR Mining was in the news recently with acquisition of Alacer Gold in a US $1.7 billion all-stock deal. The combined assets will produce on a 3-year average of ~780 koz AuEq and an estimated $450 million in annual free cash flow, that’s a significant increase over SRRM’s 2019 reported 422 koz AuEq production. The merger of top tier management teams and high-margin assets will bring the new SSRM closer to senior producer status and a stronger balance sheet should they pursue further 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

1st discovery, high-grade gold at Mac zone

3 discoveries of high-grade gold in other zones

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

TAIGA GOLD'S FISHER OPTION AGREEMENT

(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 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 accomplished a total of 31,071m (101,913’) of drilling in 79 holes at a total cost of approximately $CDN 10,300,000.

  • Fisher assays pending – 8 holes
  • 2020 Exploration work at other Taiga projects
  • High-grade gold discoveries at Fisher validate further exploration
  • Fall 2020 drilling planned at Fisher
  • 3,000 meters remain budgeted for drilling at Fisher in 2020 (subject to COVID 19 restrictions)

WHAT'S NEXT?

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