Saturday, August 2, 2025

Latest

Arctic Hunter Closes On Trans Canada / Dinorwic Gold Property

Arctic Hunter Energy (TSXV: AHU) this afternoon announced that it has closed on the acquisition of the Trans Canada / Dinorwic Gold property. The property, located near Dryden, Ontario, is comprised of a district-scale 14,880 contiguous hectares of land that is said to have the potential for the discovery of high grade gold.

The property is said to be geologically similar to that of the Red Lake greenstone belt, with CEO Tim Coupland commenting, “The Trans Canada Gold property is highly prospective, and more importantly contains all of the key elements that will lead the team to finding and eventually lead to the discovery of high-grade gold in settings that are geologically similar to the Red Lake greenstone belt. We believe having historical past gold producers to the north of our property, that the regional system situated on our property has the potential to be well endowed with sizeable gold mineralization, similar to that of the Red Lake mining camp and district.”

The Trans Canada Gold property is located on the Wabigoon Greenstone belt, a belt that contains both the Thunder Lake Gold Deposit and the Goldlund Gold Deposit. The property can easily be accessed via all-weather roads from the Trans Canada Highway, with infrastructure such as rail and power being nearby.

A number of shear zones are said to be present on the property that contain quartz carbonate veins, with a number of gold exploration targets already having been identified. These targets are based on regional alteration, gold showings, shear zones, and other identifying factors that point towards potential gold mineralization.

Exploration activities are expected to receive final permitting for 2020-2021.

The property itself was acquired via a $60,000 cash payment as well as the issuance of 4.0 million common shares of the issuer at a price of $0.16 per share. The company has retained a 100% interest in the property, with the property being subject to a 2% net smelter royalty.

Arctic Hunter Energy last traded at $0.165 on the TSX Venture.


FULL DISCLOSURE: Arctic Hunter Energy is a client of Canacom Group, the parent company of The Deep Dive. The company has been compensated to cover Arctic Hunter Energy on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security.

Video Articles

Why Gold’s Bull Run May Just Be Getting Started! | Peter Grandich

Tariffs Spark New Race for Critical Metals | Rob McEwen

Antimony Resources: The Bald Hill Project

Recommended

Tsunami Warnings Spread As Largest Quake Since 2011 Hits Russia

Northern Superior Intersects 1.75 g/t Gold Over 65.0 Metres At Philibert

Related News

BMO Issues Gold Market Primer Ahead Of Gold Forum Americas

This weekend started off the Gold Forum Americas, where BMO has many of their analysts...

Sunday, September 12, 2021, 10:04:00 AM

Gold Overtakes Euro As Second Largest Global Reserve Asset, Driven by Central Bank Demand

Gold has surpassed the euro to become the world’s second-largest reserve asset by market value,...

Wednesday, June 11, 2025, 12:57:00 PM

GMV Minerals: A Step Closer to Mining Gold in Arizona

GMV Minerals Inc (TSXV:GMV) is a Vancouver-based junior gold exploration company that is developing its...

Sunday, December 13, 2020, 09:00:00 AM

Premier Gold Reports Q2 Production, Announces 40% Workforce Reduction At Mercedes

Premier Gold Mines (TSX: PG) reported its second quarter production results for its 40% owned...

Tuesday, July 21, 2020, 09:54:16 AM

Gold Breaches $1,800-Mark After Bank Of Japan Raised Benchmark Rate

After gold prices slumped below $1,800 per ounce in the past days following expectations that...

Tuesday, December 20, 2022, 08:00:00 AM