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Big Gold Becomes Newest CSE-Listed Issuer

The newest issue to hit the Canadian Securities Exchange is that of Big Gold Inc (CSE: BG), whom began trading
The post Big Gold Becomes Newest CSE-Listed…

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This article was originally published by The Deep Dive

The newest issue to hit the Canadian Securities Exchange is that of Big Gold Inc (CSE: BG), whom began trading today on the exchange under the symbol “BG”. The firm bills itself as a junior mining exploration company, whom is primarily focused currently on the Rainy River region of Ontario.

Big Gold’s flagship asset is the Martin Kenty Property, which comprises of 13,700 acres of claims within trucking distance of the large Rainy River Mine Complex. With the Complex nearby, the region has excellent infrastructure that lends well to further exploration in the region.

Historical gold mineralization has been identified on the Martin Kenty project, with no modern exploration having been conducted on the property. Multiple showings exist that are ideal for further exploration, with historical trenching having occurred at at least two showings. The Roy Martin showing had trenching identify historical values of 2.8 g/t gold over 1.5 metres in the 1940’s, while the East Island showing had gold values of up to 9.3 g/t gold over 3.5 metres, with two other trenches also demonstrating positive gold values.

Historical drilling has also occurred on the property, which was conducted in the 1970’s and 1980’s. Initial drilling was conducted at the East Island showing, where six holes were completed, and a seventh was conducted at the Hay Island occurrence, with drilling totaling 615 metres. Highlights from results include 1025 ppb gold being intersected over 48 feet true width, as well as 1,212 ppb gold over 207 feet true width, and 3,200 ppb gold over 3.5 feet true width.

Further drilling amounted to 1,182 metres, conducted in 1983, with an addition seven holes drilling across the Hay Island, East Island, as well as the lake bottom. Highlights from this program are said to include 1.53 metres of 2.65 g/t gold, as well as 1.52 metres of 2.80 g/t gold and 1.52 metres of 0.63 g/t gold.

In terms of management, Big Gold is helmed by Scott Walters, an experienced executive within the Canadian capital markets. Walters has held numerous high profile roles, including the role of VP of Corporate Development and Director for Supreme Cannabis, CEO and Director of Canabo Medical Clinic, CEO and Director of Molecular Science Corp, and is a co-founder of Blaise Ventures, as well as Big Concentrates.

“Despite the volatile times across capital markets and in particular junior mineral exploration sector, our management and exploration team have been dedicated to creating value for Big Gold shareholders through the execution of our Northern Ontario exploration program. Our primary goals right now include further exploration work on geologically significant showings at our Martin Kenty Property and advancing drilling this winter. Big Gold is one of the first junior companies to explore this land package, which is in the heart of the Rainy River mining district, and we look forward to updating the market on our findings,”

Nicholas Konkin serves in the role of Business Development for the company. Konkin is currently the Director of Corporate Development for Grove Corporate Services, as well as a managing partner of K Capital Markets.

The technical advisor to the company meanwhile is Don McKinnon, whom has been credited with several significant economic mineral deposit discoveries. McKinnon’s portfolio of discoveries includes the David Bell Mine and the Golden Giant Mine in the Hemlo region of Ontario, as well as the Redstone Nickel Mine and the Bell Creek Mine in the Timmins region of the province.

From a share structure perspective, the company currently has 20.8 million common shares outstanding, of which 31% are held by related parties, as well as 2.5 million warrants and 1.9 million stock options. The warrants currently have an exercise price of $0.30 per share with a two year expiry, while options have an exercise price of $0.20 per share, and are valid through to March 16, 2027.

Big Gold last traded at $0.15 on the CSE.

FULL DISCLOSURE: Big Gold is a client of Canacom Group, the parent company of The Deep Dive. The author has been compensated to cover Big Gold on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security.

The post Big Gold Becomes Newest CSE-Listed Issuer appeared first on the deep dive.

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