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STLLR Gold: 17Moz resource & Timmins growth
Episode 13998
Published 17 hours ago
Description
STLLR Gold VP Investor Relations Allan Candelario joined Angela Harmantas at the Prospectors & Developers Association of Canada or PDAC conference in Toronto to share news about the company’s three Canadian gold assets, including its flagship Tower Gold Project in Timmins and the Hollinger Tailings Project.
STLLR Gold Inc is a Canadian gold development company with 17 million ounces of gold in measured and indicated mineral resources across two of the largest gold projects in Canada, alongside a tailings recovery project targeting near-term cash flow. Candelario described the Tower Gold Project as “one of the largest undeveloped gold projects in Canada,” located in the prolific Timmins mining district, which has historically produced 80 million ounces of gold.
A recently completed PEA outlines nearly a generation of mine life, with potential production of approximately 273,000 ounces of gold annually. The company is advancing infill drilling, environmental baseline work, and permitting activities aimed at moving the project toward a construction-ready decision over the next two to three years.
The Hollinger Tailings Project presents a potential near-term cash flow opportunity. Historic tailings from the Hollinger mine — which produced 19 million ounces of gold between 1910 and 1968 — are estimated to contain approximately half a million ounces of gold. STLLR Gold recently became the first project to receive permits under Ontario’s new expedited tailings reprocessing framework.
Candelario also highlighted a financing led by Agnico Eagle and Eric Sprott, providing funding visibility for the next 18 to 24 months and adding validation to the company’s strategy.
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