Saturday, July 12, 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

Mergers Set the Stage for Uranium’s Growth Cycle | Forum-Baselode Merger

The Goal is Gold Production as Soon as Possible! | Gordon Robb – ESGOLD Corp.

Snowline Gold: The Multi Billion Dollar Valley PEA

Recommended

First Majestic Produces 7.9 Silver Equivalent Ounces In Q2, Lifts Production Guidance

Antimony Resources Drills 4.17% Antimony Over 7.4 Metres At Bald Hill

Related News

Why Precious Metals Crashed on Trump’s Trade Deals? | Jesse Day

In this interview, Jesse Day of Commodity Culture examines potential implications of proposed trade policy...

Wednesday, June 11, 2025, 03:41:00 PM

Battle North Releases Further Assays For McFinley, Pen Zones, Provides Guidance For Resource Estimate Timelines

Battle North Gold Corp (TSX: BNAU) this morning reported further results from its drilling program...

Thursday, September 24, 2020, 08:24:53 AM

Gold Hits Record as China Launches Insurer Pilot Program

Gold prices reached an all-time high of $2,941 per ounce on Tuesday as China began...

Tuesday, February 11, 2025, 02:10:00 PM

O2Gold Intersects 20.11 g/t Gold Over 0.7 Metres At Aurora

O2Gold (TSXV: OTGO) last night reported on its first drill results from its Aurora Property...

Tuesday, September 21, 2021, 08:17:50 AM

Big Banks are Calling for $3000 Gold | First Nordic Metals with Taj Singh

In this interview at the Red Cloud Fall Mining Showcase 2024, Taj Singh, President and...

Sunday, October 20, 2024, 03:33:00 PM