Atikokan Resources is advancing the Seagrave gold property in the Red Lake area of Northwestern Ontario. We hope to list Atikokan on a Canadian exchange in 2022.
The Red Lake Mining District has produced more than 29 million ounces of high grade gold, making this one of the largest and highest grade gold producing districts in the world.
A recent success story out of the Red Lake Mining District is Great Bear Resources Ltd. (TSX: “GBR”). Great Bear was acquired by Kinross Gold Corp. in December 2021 for $1.8 billion or $29 per share. This chart shows the performance of Great Bear over the past 5 years: