The Company holds a 0.5% NSR on the McKinnon-Hawkins Gold Project, currently operated by E2 Gold Inc. The property comprises a total of 1,536 hectares over a historic gold zone stretching over three kilometres. The property subject to the royalty has a NI 43-101 compliant inferred resource estimate of 6.2 million tonnes at a grade of 1.65 g/t Au for 328,800 Au ounces with an effective date of September 10, 2020. The claims were originally staked by Don McKinnon for the similarity to Hemlo. E2 Gold is presently completing a 10,000-metre drill program. For further information or the NI 43-101 technical report please visit E2 Gold's website.
Falcon Lake Project
The Company holds a 100% interest in the Falcon Lake Project, which comprises 48 mining claim cells, covering prospective lithium bearing pegmatites. On January 12, 2022, the Company announced that it had optioned the property to First Energy Metals Limited for total cash payments of $85,000 and 600,000 shares of First Energy over two years. First Energy has also agreed to make property expenditures of $250,000 over three years. For more details, please see the Company’s press release.