Dwayne Ballantyne cutting core in Northern Saskatchewan – Flin Flon Area of The Trans Hudson Corridor.
"I've said before that Barrick is under-invested in Canada, our home country, and we mean to correct that. The fact that it is one of the world's most mining-friendly jurisdictions is also an incentive."
- Mark Bristow, Barrick Gold
It is time to look at SKRR Exploration in Canada.
Olson is coming along very nicely.
Drilling is in progress and investors should be paying attention to Saskatchewan Gold Stocks like SKRR and MAS Gold.
They have big land holdings and are in the middle of all the action.
And also recently in the news is SSR Mining who just bought out Taiga Gold in Saskatchewan.
Both SKRR and MAS have assays pending and are drilling.
Taiga Gold - TGC
MAS Gold - MAS
SKRR - SKRR
Rod Antal, president and chief executive officer, said about the recent Taiga buyout:
"With this transaction, we will successfully redeploy a portion of the proceeds from the recent non-core royalty portfolio sale into new growth opportunities in a core jurisdiction. The acquisition of Taiga Gold reiterates our commitment to the Seabee gold mine and ongoing investment for future resource discoveries as we aim to extend Seabee's mine life into the next decade. Additionally, the acquisition of new greenfields exploration properties across the province of Saskatchewan should allow SSR Mining to build upon our regional expertise in a region we consider exceptionally prospective geologically and underexplored."
SKRR IS IN THE HEART OF ALL THIS.
SSR MINING AND TAIGA GOLD ANNOUNCE FRIENDLY ACQUISITION OF TAIGA GOLD
SSR Mining Inc. and Taiga Gold Corp. have entered into a definitive arrangement agreement whereby SSR Mining will acquire all of the issued and outstanding common shares of Taiga Gold pursuant to a plan of arrangement at a price of 26.5 Canadian cents per Taiga Gold share. The transaction implies an equity value of approximately $27-million (Canadian) ($21-million (U.S.)) on a fully diluted in-the-money basis and has been unanimously approved by the board of directors of each of SSR Mining and Taiga Gold.
The offer price represents a premium of approximately 36 per cent to the closing price of the Taiga Gold common shares on the Canadian Securities Exchange (CSE) on Dec. 1, 2021, the day prior to the announcement of the transaction, and a premium of 39 per cent to the 20-day VWAP (volume-weighted average price) of the Taiga Gold common shares traded on the CSE prior to announcement of the transaction.
Strategic rationale for SSR Mining
As the only gold producer in the highly prospective province of Saskatchewan, the transaction materially expands SSR Mining's presence in a core jurisdiction by adding five new properties (34,569 hectares), which provide new exploration targets stretching south from the Seabee mine to SSR Mining's 100-per-cent-owned Amisk property.
Barrick issued this below today - they should be looking at Saskatchewan!
Big Exploration Drive Targets New Canadian Opportunities
Barrick has established a high-powered exploration team dedicated to discovering new potential Tier One and Tier Two11 opportunities in prospective Canadian belts.
President and chief executive Mark Bristow says the perception that Canada is a mature gold producer is being challenged by new discoveries of deposits with different model styles hosted in unconventional rocks.
To re-evaluate the paradigms and re-set the maturity clock, Barrick has assembled a team of geoscientists with a wide range of specializations, from geophysics through geochemistry to structural geology. To ensure that each opportunity is viewed holistically, the team also includes members with multi-disciplinary skill sets.
Janet Mackie, head of business development and evaluations for Barrick North America, says this cross-functional collaboration enables the team to harness operational experience in determining how best to extract value from orebodies.
"We believe there is significant potential still to be uncovered and the new team has already defined and prioritized geological districts capable of delivering high-quality deposits that meet Barrick's stringent investment criteria," says principal geologist David Holder.
Octavia Bath, the mineral resource manager for Barrick North America, says the team is using a rigorous due diligence process to determine the intrinsic value of new opportunities based on their economically extractable reserves and resource upside.
Bristow says Barrick continues to evaluate all promising business opportunities and last year looked closely at a number of projects and operations in Canada, none of which met its investment hurdles. Transactions done by others during this time typically involved substantial premiums which we believe would not deliver value to shareholders.
"We've consequently decided to follow our traditional value-creation route through discovery and development. In the short time the team has been in place, we've already consolidated an exploration property portfolio of 124,000 hectares and we're now building on that," Bristow said.
"I've said before that Barrick is under-invested in Canada, our home country, and we mean to correct that. The fact that it is one of the world's most mining-friendly jurisdictions is also an incentive."
SKRR holds 100 percent of IRVING Project and would likely consider a deal with Barrick.
SKRR Exploration Drill Program Intersects Arsenopyrite Sulphides along with Disseminated Arsenopyrite and Quartz Veining
IWA is a shareholder of SKRR Exploration
Statements which are not purely historical are forward-looking statements, including any statements regarding beliefs, plans, expectations, or intentions regarding the future. It is important to note that actual outcomes and the Company’s actual results could differ materially from those in such forward-looking statements. Risks and uncertainties include, but are not limited to, economic, competitive, governmental, environmental, and technological factors that may affect the Company’s operations, markets, products, and prices. Readers should refer to the risk disclosures outlined in the Company’s Management Discussion and Analysis of its audited financial statements filed with the British Columbia Securities Commission.
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