RE:Exploration.....ernesto47 wrote: will we ever see sort of a plan how to explor that huge landholding
north of the famous Great Bear...why we just get no infos about
launching e search team to go for some drill sites. Should it really
be too difficult to get funds available for that task??????
I think we already have the funds, Dixie Gold has over 1 million in the bank. I expect we probably hear something soon. There may be a joint partnership announced, or perhaps a private placement for additional funds depending on price, since we don't necessarily need the money. There is a ton of potential here. Share structure is tight and market cap very low. Could move VERY fast.
Last update in SEDAR a couple month ago:
Red Lake Gold Project During the year ended December 31, 2019, the Company acquired a large portfolio of mineral claims situated in the emerging Dixie Gold District near Red Lake, Ontario. The Red Lake Gold Project held by the Company is located adjacent to the Dixie Project being advanced by Great Bear Resources Ltd. The acquired project covers approximately 21,258 ha (52,507 acres) across 1,044 mining claims (see news release, Dixie Gold Inc. Announces Dixie Gold Project, dated December 31, 2019). On January 14, 2020, the Company further expanded its Red Lake Gold Project through the purchase of an additional 197 mining claims covering 4,011 ha (9,907 acres) (see news release, Dixie Gold Inc. Announces 9,907 Acre Expansion of Red Lake Project, dated January 14, 2020). The Company continues to be in the process of reviewing and planning an inaugural exploration program for its Red Lake Gold Project however delays are expected due to the COVID-19 situation.