Satori Resources ( (TSE:CGC) ) has shared an update.
Canadian Gold Corp. has announced plans to double its Phase 4 drill program at the Tartan Mine following a 5.9% equity investment by McEwen Mining. The expanded program aims to significantly increase the resource base by targeting high-priority areas within the Main and South Zones, potentially enhancing operational efficiency and accelerating the mine’s restart. Additionally, the company has secured a $300,000 grant from the Manitoba Mineral Development Fund to support an updated resource estimate and preliminary economic study, which are crucial for future decision-making regarding the mine’s operations.
More about Satori Resources
Canadian Gold Corp. is a Toronto-based mineral exploration and development company focused on expanding the high-grade gold resource at the Tartan Mine in Flin Flon, Manitoba. The company also holds interests in exploration properties in Ontario and Quebec, near major gold mines and development projects.
YTD Price Performance: 62.50%
Average Trading Volume: 72,401
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$52.31M
For an in-depth examination of CGC stock, go to TipRanks’ Stock Analysis page.