We are rediscovering the mineral potential of the historic
Kerr-Addison Mine and you can get involved.

Why Invest?

  • Located in established mining camp with year-round, easy access to site from major highway with labour, power, rail and water. All known legacy environmental issues have been remediated.
  • Located in the heart of Ontario’s mining region, with over 100 years of stable and continuous mining history.
  • Well positioned between major mining communities including: Timmins, Kirkland Lake, Rouyn-Noranda and Val-d’Or.
  • Excellent exploration potential around historic high-grade workings being actively explored. The exploration program is already yielding significant gold results, and also includes unexpected, high-grade nickel discovery.  (First nickel resource anticipated in 3-4 quarters.)
  • Positive UG mining scenario study (Q1 2024), allowing Gold Candle (GCL) to include below pit mineral inventory in next Mineral Resource Estimate (MRE).
  • Actively growing resource with expansion targets in the shadows of the former Kerr-Addisson mine
  • New discovery targets being advanced along strike and at depth below the existing Kerr-Addisson footprint
  • Limited drilling outside the immediate area of a historic mine that produced ~11 Mozs of gold
  • Updated MRE scheduled for Q4 2024 to include below pit mineral inventory backed with +30,000m of recent drilling
  • 2023 high-grade nickel sulphide discovery (Geminid Zone) being advanced to initial resource estimate
  • Under prior ownership, the Kerr-Addison Mine produced 11+ moz at 9gt from underground operations
  • Ownership of 4.5 km of strike length on controlling major geologic structure which has already produced 200+ moz
  • Understanding of potential and opportunities rest upon 10 years of analysis of 540,000+ metres of diamond drilling completed (415,000 historical-130,000 by GCL), 250,000+ assays and 130 miles of underground workings plus voluminous treasure trove of historical plans, maps and other data
  • Large shareholdings by industry stalwarts, including Pierre Lassonde, Franco-Nevada and a regional strategic investor
  • Agnico Eagle Mines and Franco Nevada each acquired a 1% NSR
  • Aggressively being de-risked, and moving towards production
  • 2024/2025 value catalysts
    • Updated gold resource
    • Continued work on production scenarios, including trade-off and sensitivity analyses leading to PE
  • Current drilling campaign focused on resource growth below the conceptual pit, and along strike
  • Drilling program also targeting new discoveries near KA with significant potential for high-grade mineralization
  • Evaluating mining scenarios to include OP and UG mining to enhance possible production profile
  • Updating MRE in Q4; including improved historical stope model, new drilling results and UG mineral inventory
  • Expansion drilling on the Geminid zone which remains open in all directions

Investor Relations Contact

Phone: 1-705-998-4392
Email: contact@goldcandle.com