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An update from Satori Resources ( (TSE:CGC) ) is now available.
Canadian Gold Corp. has received a $300,000 grant from the Manitoba Mineral Development Fund to update the Tartan Mine’s NI 43-101 resource estimate and complete a Preliminary Economic Assessment for a potential mine restart. This grant, along with other funding, raises Canadian Gold’s capital to approximately $3.5 million, highlighting the significant support from the MMDF and the Manitoba government in advancing mineral exploration and development in the region.
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. McEwen Mining Inc. holds a 5.9% interest in Canadian Gold, with Robert McEwen holding a 32% interest.
YTD Price Performance: 46.88%
Average Trading Volume: 70,491
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$43.26M
See more data about CGC stock on TipRanks’ Stock Analysis page.