An Impressive Trajectory of Gold Discoveries in Saskatchewan
Taiga Gold Corp. (CSE: TGC) has had an exceptional year with the latest round of exploration drilling locating 3 new gold discoveries, to date 4 separate gold discoveries have been made at the 34,000ha Fisher Property in Saskatchewan. It is no simple feat to make a discovery on a district scale greenfield property. Option partner SSR Mining Inc. (TSX: SSRM) (NASDAQ: SSRM) has been investing heavily in the area, their systematic exploration approach along with extensive sampling and drilling (>$10M)has paid off with new discoveries made at the Yin, Abel Lake and Mac North Zones. A new round of drilling is underway to build on the success at the Mac North Zone.
WATCH: History of Advancing the Fisher Project
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.
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