Strike Copper

Sungold is in the Shebandowan Greenstone Belt and is adjacent to Goldshore Resources’ 3.2 million oz Au Moss Lake property.

The Sungold property includes the massive sulphide Wye Lake occurrence and the southwest extension of Goldshore’s Hamlin IOCG (iron oxide[1]copper-gold-uranium) deposit, which has the potential for Ni-Cu-PGE and Porphyry Cu mineralization.

In 2005, backhoe trenching of the Wye Lake Zone intermittently exposed massive, semi-massive and stringer sulphides contributing to an IPV of approximately $54 million at the time for the then owner of the property (Freewest Resources).

Copper is currently riding an all-time high and is projected to go even higher due to global production issues and its increasing use in products such as electric vehicles, windmills and virtually all electronic devices (e.g., mobile phones, televisions and computers). In addition, the Wood Mackenzie consultancy is projecting a 10 million tonne shortfall in copper inventories by 2028.