Kerr-Addison

Gold Candle has identified 1.8Moz of indicated and 3.4Moz of inferred gold resources at the iconic Kerr-Addison mine in northeastern Ontario, about 650km away from Toronto, Canada.  This mine, part of the prolific Abitibi gold belt which extends eastward to Quebec, historically produced 11Moz of gold at an average grade of 9 g/t. It benefits from excellent infrastructure, including major highways, rail and air access, and is surrounded by other mining centres and operating gold mines.

Geminid

The Geminid deposit was discovered in May 2023 during Gold Candle’s first regional exploration drilling campaign. The drill program aimed to test ~3.5km of the Larder Lake -Cadillac Break east of the historic Kerr-Addison gold mine. The discovery hole intersected a 23m wide section of millerite mineralization in ultramafic host rock. Assay results from this intersection averaged to 1.9% nickel over 23m of core length. Upon confirmation of nickel mineralization, a follow-up drill program of 6 drill holes, spaced 75 to 100 m apart, was completed.