The 1,000 ha property is located within the Amisk Group Volcanic Belt and is considered to have significant potential to host both orogenic gold and volcanogenic massive sulphide ('VMS') mineralization. The property is contiguous with
SAM Option Agreement Details
Under terms of the agreement, PrivCo has the exclusive option to earn up to a 60% interest in the Property over a four year period by making cash payments totaling
SAM Property History and Geology
The property is dominantly underlain by the Amisk Group Collage which forms a major greenstone belt that hosts gold deposits and the majority of base metal deposits in the
Historical work includes geologic mapping, trenching, soil surveys, airborne and ground geophysical surveys, and 71 short drill holes (6496m total). The first documented work on the property was in 1952-56 when Hudson Bay Exploration completed 43 drillholes targeting VMS mineralization identified by ground EM survey anomalies. Other drill programs in 1978-80 (Granges), 1985 (SMDC) and 2000 (Aur Resources) focused on both VMS and gold targets.
Taiga completed fieldwork on the property in 2018 including geological mapping, prospecting, rock sampling and soil geochemical surveys, focusing on targets generated by a comprehensive geological compilation of all existing historic data. Historical drill collar locations were surveyed by GPS and a total of 783 soil samples and 59 rock samples were collected. The property area was expanded by staking in 2020.
In 2020, Taiga completed fieldwork including soil geochemical sampling, geological mapping and prospecting. Results of this work are pending.
Historical trench sampling of the
About
Taiga's objective is to focus on the exploration and development of its gold projects located adjacent to the Seabee Gold Operation and along the Tabbernor Fault structure in eastern
Contact:
Tel: 1 866 (486 8673)
Email: info@taigagold.com
Web: www.taigagold.com
Cautionary Note Regarding Forward-Looking Statements
This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.
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