A2Gold announced that it has completed the acquisition of a 100% interest in the Taylor Silver-Gold Project in White Pine County, Nevada, from White Pine Precious Metals, adding a second district-scale asset to its Nevada portfolio.
The Taylor project covers approximately 117 square kilometers and includes a historical silver resource, significant oxide gold potential, antimony mineralization, and exploration upside associated with carbonate replacement deposits, skarn systems, and porphyry targets. The property is fully permitted, drill-ready, and benefits from existing infrastructure.
The company has already begun mobilizing a drill rig to the site, with drilling expected to commence within the next two weeks. The initial program will focus on confirming and expanding the existing historical silver resource, evaluating gold mineralization across the district, and testing priority gold-antimony targets.
Taylor hosts a historical resource estimate prepared by SRK Consulting in 2018 containing approximately 11 million ounces of silver in the measured and indicated categories and 0.6 million ounces in the inferred category, based on a silver price assumption of $17 per ounce. A2Gold noted that the estimate is historical in nature and should not be considered current under NI 43-101 standards.
In addition to silver, the company sees substantial oxide gold potential across a 3-kilometer by 10-kilometer corridor. Historical drilling returned intercepts including 1.02 grams per tonne gold over 18.3 meters from surface and 0.68 grams per tonne gold over 24.4 meters from surface.
The district also contains significant antimony mineralization, providing exposure to a critical mineral identified as strategically important by the U.S. government. Historical production came from the Enterprise and Merrimac antimony mines.
A2Gold recently completed the acquisition of 26 internal lode mining claims within the Taylor district, giving the company control over a consolidated district-scale land package under a single operator.
As consideration for the acquisition, A2Gold issued 8,662,881 common shares to White Pine and agreed to make deferred cash payments totaling $1 million. The payments include $250,000 at closing and three additional quarterly installments of $250,000. White Pine retained a 2% net smelter return royalty on claims without existing royalties, with A2Gold holding options to repurchase half of the royalty under specified terms.
With the addition of Taylor, A2Gold now controls approximately 230 square kilometers of mineral tenure across its Eastside and Taylor projects in Nevada.
KEY QUOTES:
“Closing the Taylor acquisition is an important step in the evolution of A2Gold. Taylor adds a second district-scale Nevada project with a historical silver resource, significant oxide gold potential and an emerging antimony opportunity at a time when critical minerals are becoming increasingly important in the United States. With the White Pine acquisition now closed, and the internal Taylor claims recently consolidated, we are in a much stronger position to advance the district as one unified project. Taylor gives A2Gold scale, optionality and multiple avenues for discovery, and complements our flagship Eastside Project as we continue building one of Nevada’s most compelling precious metals exploration platforms.”
Peter Gianulis, CEO of A2Gold
