Taiga Gold (TGC.C) used to rely on SSR Mining (SSRM, SSRM.TO) for drill campaigns in the greater Seabee gold district as SSR Mining entered into an option agreement to explore the Fisher gold project for gold. This changed last year when Taiga entered into another joint venture agreement with SKRR Exploration (SKRR.V) whereby the latter can acquire a 75% stake in the Leland gold project which is also located in close vicinity to the Seabee gold mine and the Fisher discovery zone.

SKRR has defined some high-priority drill targets at Leland through a sampling and trenching program and a maiden drill program will now test the 1 kilometer long strike length between the Simon Lake and the Irving Lake gold showings. This first drill program will be relatively small: SKRR is planning to complete about 1,600 meters of drilling in nine holes, to be drilled from six drill pads.

Leland is currently still fully owned by Taiga Gold, but SKRR has entered into an option agreement whereby it can earn a 75% interest by issuing 1.5M shares and making C$0.5M in cash payments to Taiga Gold, while committing to spending at least C$3M in exploration expenditures.


Disclosure: The author has no position in Taiga Gold. Taiga Gold is a sponsor of the website. Please read our disclaimer.

Leave a comment