October 21, 2021
St. Anthony Gold Corp. (CSE:STAG, Not Rated, Taylor Combaluzier) provided an update on its Panama Lake property in the Red Lake mining district. As a result of recent regional activity led by Barrick Gold (TSX:ABX, Not Rated) optioning the South Uchi project from Kenorland Minerals (TSXV:KLD, Not Rated) the company is updating its budgets and exploration plans for the near future. As such, we anticipate Panama Lake, which is contiguous to the South Uchi project, to receive increasing attention from the company, though we expect the majority of its focus to remain on the St. Anthony gold project. The company has an option to earn up to a 100%-interest in the Panama Lake property (see our initiation report). Currently, the company has a remaining payment of C$100,000 in cash or shares to earn a 50%-interest. St. Anthony indicated that it intends to seek a further 20% interest. Read more
