Gold Candle is a privately funded Canadian exploration company led by a diverse and highly experienced group of mining professionals. In 2015, the Company acquired claims over the historic Kerr-Addison Gold Mine and surrounding area in the McGarry Township, located in the Timiskaming District of Ontario.

Gold Candle is owned by a number of private investors. Gold Candle is not listed on any Stock Exchange and shares from the company can only be bought from existing shareholders. From that point of view, Gold Candle is a private company.

The Company has undertaken exploration activities, including compilation and analysis of historical data, geological and geophysical studies and drilling to evaluate mineralization remaining around the historic workings of the Kerr-Addison Mine and to explore for new zones of gold mineralization.

Since its acquisition, Gold Candle has also been conducting remediation work to address legacy mining impacts to make the environment safer for its employees and surrounding communities.

Gold Candle is currently evaluating the economic potential of the remaining gold mineralization at the Kerr-Addison site as well as exploring new areas for potential mineralization, up to the Québec border.

2025

Gold Candle provided an update mineral resource estimate* beginning of 2025 showing a larger resource compared to the 2023 estimate and including an underground component which adds flexibility for exploration and project development. The company also announced this Spring an initial mineral resource estimate for the Geminid Nickel zone located east of the historic Kerr-Addison Mine.

The Company is currently pursuing the following activities:

  • 50,000 m drilling campaign and geophysical survey
  • Scoping study to investigate the Kerr-Addison deposit potential and upside opportunities
  • Permitting and environmental field programs and studies for advanced exploration (exploration ramp)
  • Monitoring Program (surface and ground water, historical workings)
  • Active engagement with First Nations, local stakeholders and government agencies

*A mineral resource estimate is a scientific assessment that calculates how much valuable material, like metals or minerals, is present in a particular area of the earth. It helps determine how much of that material could potentially be extracted for use, considering both its quantity and quality. This estimate is important for mining companies to decide whether it’s worth investing in the extraction process.

The pace of Gold Candle’s work is in part determined by its exploration results and its success in raising funds. For the moment, the Company is still in the exploration phase and is evaluating whether there are sufficient resources at the site to build and operate a mine economically.

Gold Candle is committed to having a responsible approach to mineral exploration. The Company aims at each stage of its development to always minimize the impacts of its activities on the environment and to be a good neighbour.

Kerr-Addison Mines Ltd. was incorporated in 1936. Between 1938 to 1996, 11 million ounces of gold was produced by the Mine. The Mine closed in 1996.

Managing a legacy mining site involves ensuring the community’s safety, managing historical environmental issues, and rehabilitating legacy mining features. Unfortunately, the site was not properly rehabilitated per today’s standards. Safety hazards from historical activities, such as open holes and collapsing underground workings, are still present throughout the old mining site.

Since purchasing the property, Gold Candle has removed 50,000 kg of cyanide and numerous barrels of hydrocarbons. In 2022, the Company removed two old oil tanks, recycled scrap metal, and 500 kg of caustic soda and added gravel to raise the roadbed level of a trail locally known as the 5-Minute Trail.

Gold Candle is working on economic, engineering, social and environmental evaluations to determine the potential for a future mine.

The potential viability of a mine will be further assessed in a Preliminary Economic Assessment (PEA) which decision to undertake will be informed by the results of the ongoing scoping study.

If we are successful in demonstrating potential economic viability, additional drilling, and more detailed studies including environmental and social assessments will be required.

It generally takes a minimum of 7 to 10 years before a mine can go into production. Before that, the project must go through other development and studies phases, each dependent on positive results (advanced exploration underground access, pre-feasibility and feasibility studies, social and environmental assessment and permitting).

We believe that open communication and meaningful long-term relationships with communities are critical to the project’s success, at each stage of its development.  We are committed to continuing to build our understanding of the communities’ interests and concerns throughout meaningful engagement.

Gold Candle can only conduct drilling activities on private land if they obtain the authorization from the private landowner.

2026

  • Continue drilling on Kerr-Addison, Geminid and regional targets
  • Updated Mineral Resources
  • Preliminary Economic Assessment* (based on scoping study results)
  • Continue with environmental studies to support permit applications
  • Continue engagement with First Nations, local stakeholders and government agencies

Kerr-Addison Deposit
Complete the scoping study which will inform the decision to proceed with a Preliminary Economic Assessment (PEA)*.

Geminid Nickel Zone
The Company is carrying out mining, metallurgical and environmental studies supporting an ongoing scoping study on Kerr-Addison. Along with the additional drilling, Gold Candle plans to use the results of the scoping study to move towards a preliminary economic assessment (PEA) in 2026.

*A preliminary economic assessment (PEA) of an exploration project is an early-stage study that estimates whether mining a discovered mineral deposit could be profitable. It looks at things like how much it would cost to build and operate the mine, how much money could be made from selling the minerals, and whether the project is likely to succeed. The PEA helps decide if it’s worth moving forward with more detailed studies and planning.

Gold Candle is only undertaking small diameter hole drilling that removes small rock samples. No fracking is involved. Gold Candle does not believe its work will affect local foundations or structures. We also perform vibration monitoring.

Gold Candle has established a specific contact point to keep in touch with communities. You can reach us via email or by calling 705-998-4392. We will acknowledge the receipt of your email or voice message within three business days, and follow up as soon as possible, depending on the complexity of your request or question.

You can also sign up for our newsletter and news releases.

Gold Candle periodically has open positions for employment on our Careers page. Even when we do not, we are collecting a database of resumes for future hires. Please submit your information by filling out this application form.

Gold Candle’s surface rights are shaded in dark gray on the map.

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