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Satori Resources ( (TSE:CGC) ) has issued an announcement.
Canadian Gold Corp. has acquired an option from Searchlight Resources Inc. to gain full control of the Flin Flon North property, adjacent to its Tartan Mine, significantly expanding its land position along the Tartan Lake Shear Zone. This strategic move increases the company’s potential to scale and extend the mine life of the Tartan Mine, with plans to initiate exploration activities in 2025. The acquisition, along with a cash settlement transaction with two directors, positions Canadian Gold to enhance its operational capabilities and resource potential.
More about Satori Resources
Canadian Gold Corp. operates in the mining industry, focusing on the exploration and development of gold resources. The company is actively expanding its presence in the Tartan Lake Shear Zone, a key area for gold mineralization, with the aim of enhancing its resource base and restarting the Tartan Mine.
Average Trading Volume: 118,454
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$56.48M
Learn more about CGC stock on TipRanks’ Stock Analysis page.