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Taiga Gold Corp (CSE:TGC) received a report from SGO Mining Inc. detailing drilling results at the Fisher Property in Saskatchewan. In 2020, 37 holes were drilled, totaling 12,976m, revealing significant high-grade mineralization, particularly at the Mac North area. Noteworthy results include the discovery of 13.74 g/t Au over 2.29m at the Yin Zone. SSR Mining invested over CDN$12 million in exploration since 2016 and made a CDN$3 million payment to Taiga upon forming a joint venture. Winter drilling is planned for Q1 2021 to further explore high-potential areas.
Taiga Gold Corp. announced a 1500m diamond drilling program at its 100% owned Leland project in Saskatchewan. The project is being developed in partnership with SKRR Exploration, which can earn up to a 75% interest through $3 million in exploration expenditures, share issuances, and cash payments. Previous work revealed gold mineralization up to 5.4 g/t Au. The 2020 summer program included soil and channel sampling, with results pending. Taiga's exploration efforts aim to leverage the region's favorable geology, with a history of significant gold finds.
Taiga Gold Corp. (CSE:TGC) announced that its partner, SSR Mining Inc. (TSX:SSRM), has exercised the First Option earn-in under the Fisher Option Agreement, having completed over CDN$4 million in exploration expenditures. As part of this agreement, SSR Mining has also reimbursed CDN$400,000 and made an additional cash payment of CDN$400,000 to Taiga. Taiga retains a 2.5% net smelter return and will receive CDN$100,000 in advance royalties annually upon forming a joint venture. The Second Option Period allows SSR Mining to increase its interest to 80% by making a one-time payment of CDN$3 million by November 3, 2021.
Taiga Gold Corp. (CSE:TGC) announces that SSR Mining Inc. (TSX:SSRM) is mobilizing crews for a 3,000m drilling program at the Fisher Property, aiming to explore the Mac North area. SSR Mining has an option to earn up to 80% interest by completing $4M in exploration and making cash payments of $3.3M. In 2020, Taiga received a $75,000 cash payment as part of the agreement. Previous drilling at Fisher returned significant gold grades, and all exploration is funded by SSR Mining. The Fisher Property is located within the Trans Hudson Corridor, near SSR Mining’s Seabee Gold Operation.
Taiga Gold Corp. has announced the receipt of a Level 2 Exploration Permit from the Saskatchewan Ministry of Environment for its 100%-owned Leland project. Located 23 km from SSR Mining's Seabee Gold Operation, the project will involve construction of a UTV trail and diamond drilling. With a budget of $95,000, fieldwork will include soil sampling and geological mapping. Historical results indicate significant gold mineralization potential with grades up to 32.8 g/t Au. Working with SKRR Exploration, Taiga aims to uncover further resources through ongoing exploration.