Taiga Gold (TGC.C) announced last week its joint venture partner SKRR Exploration (SKRR.V) is getting ready for a 1,500 meter diamond drill program on the Leland project. Leland is currently still fully owned by Taiga Gold, but SKRR has entered into an option agreement whereby it can earn a 75% interest by issuing 1.5M shares and making C$0.5M in cash payments to Taiga Gold, while committing to spending at least C$3M in exploration expenditures. And a 1,500 meter drill program will go a long way to meeting the minimum exploration expenditures.
The drill program will be following up on the summer exploration program where SKRR completed prospecting, mapping and sampling at Leland. SKRR has submitted 74 rock samples and 200 soil samples to the labs it uses, but the assay results are still pending. Hardly a surprise when we see how backed up the labs are these days.
Having a partner drill the Leland project will help Taiga to ensure a continuous news flow from its properties in Saskatchewan. Not too far away from Leland, SSR Mining (SSRM, SSRM.TO) will likely work on a winter drill program on the Fisher project it has optioned from Taiga Gold and where previous drill programs yielded some new gold discoveries.
Disclosure: The author has no position in Taiga Gold. Taiga is a sponsor of the website. Please read our disclaimer.
