Taiga Gold Corp - CEO, Tim Termuende
CEO, Tim Termuende
Source: Metals Investor Forum
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Taiga Gold Corp (CSE:TGC) has completed staking at its Leland gold project in Saskatchewan
  • The recent staking work covers two documented mineral occurrences, the Duck Lake Zone and the Robinson Zone
  • The 7715-hectare property contains numerous high-grade gold occurrences including a recorded 53 grams per tonne of gold
  • The company is attempting to raise funds to conduct an extensive drill program at the site, as thus far exploration work has been contained to trenching work, staking work and geophysical mapping
  • Taiga Gold Corp (TGC) is trading down 12.5 per cent at C$0.11 with a market cap of $11 million 

Taiga Gold Corp (CSE:TGC) has completed staking at its Leland gold project in Saskatchewan.

The company recently added 1261 hectares to its existing property portfolio. The acquisition is contiguous with Taiga’s Fisher property currently optioned to SSR Mining.

The 7715 hectare property contains numerous high-grade gold occurrences including up to 53 grams per tonne gold assay results.

The recent staking work covers two documented mineral occurrences, the Duck Lake zone and the Robinson Zone. The Duck Lake occurrence covers two zones of quartz mineralization with the main zone traced on surface for 180 meters.

Historic drilling within the Duck Lake occurrence has returned 3.23 grams per tonne gold. The last work on the property was conducted in 1988.

The Robinson Lake gold showing is 8km away from the Duck Lake zone and showed significant gold quartz mineralization. Gold grabs from the zone returned 0.6 grams per tonne gold.

In 2019 Taiga Gold conducted their geological mapping program at their Leland property.

The program returned gold mineralization grading of 5.4 grams per tonne over 0.65 meters with 2.1 grams per tonne gold over 3.22 meters. Those results were not taken from the mineral zones Taiga recently staked.

The Leland property has several zones of gold that the company is seeking to explore.

Historic work around the property was concentrated to the western proportion and had identified numerous gold bearing quartz veins with high grades.

The company is attempting to raise funds to conduct an extensive drill program at the site, as thus far exploration work has been contained to trenching work, staking work and geophysical mapping.

The mineralization, host rocks and structural framework are similar to gold deposits in the region including the nearby Seabee Gold Operation.

Taiga Gold Corp (TGC) is trading down 12.5 per cent at $0.11 per share at 12:32 pm EST. 

More From The Market Herald
Desert Mountain Energy - CEO, Robert Rohlfing.

" Desert Mountain Energy (TSXV:DME) completes testing at McCauley Helium Processing Facility

Desert Mountain (DME) has completed testing at its McCauley Helium Processing Facility in Arizona.

" StrategX (CSE:STGX) confirms new discovery at Nagvaak project

StrategX Elements (STGX) finds new energy transition metals from drill hole 14, in target area one of the Nagvaak project in Nunavut.

" Golden Goliath (TSXV:GNG) completes drill holes at its Wish Ore Property

Golden Goliath Resources (GNG) has completed drilling holes at its Wish Ore Project.

" Freegold (TSX:FVL) intersects high-grade gold

Freegold Ventures Limited (FVL) shared the gold results from an additional seven holes done for its drill program on the Golden Summit Project.