Fulcrum Metals acquires Sylvanite Gold Tailings project in Ontario, Canada, for C$340,000, expanding its presence in the Kirkland Lake Gold Camp.
Fulcrum Metals plans to acquire 100% interest in Sylvanite Gold Tailings project in Ontario, Canada, for C$340,000. The strategic acquisition expands Fulcrum's presence in the Kirkland Lake Gold Camp and aims to create a tailings hub and economies of scale. Sylvanite produced 1.67Moz of gold between 1927 and 1961, and has a historic tailings resource estimate of up to 67,051oz of gold. Fulcrum Metals focuses on gold tailings and mine waste in Ontario, offering low discovery risk and potential for earlier cash-flow opportunities.
April 10, 2024
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