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Symbol Data
Symbol
Currency
CVE:TG
CAD
OTCMKTS:TRRFF
USD
Description
Trifecta Gold Ltd are a junior, project generator looking for gold with five exploration properties in Canada and USA. They have a market capitalisation of ~C$3.44M which is a fall of roughly 33% over the last fifteen months. As of 01/27/2023 they have no debt and ~C$0.73M cash. They have 80M shares outstanding and trade on the Canadian Venture Exchange and the over-the-counter markets.
To exercise the option for 70% of the project, the Company will be required, in stages, to make payments totaling $200,000, issue a total of 1,000,000 shares, and incur a total of $2,500,000 in exploration expenditures on or before
December 31, 2022
For a 51% interest, the Company is required to:
- Reimburse Silver Range its staking and recording costs of $9,591 (approximately US$7,100);
- Complete a US$1,000,000 work program on or before February 28, 2021;
- Pay Silver Range US$250,000 cash and/or shares at the Company’s election, on or before February 28,
2021;
- Grant Silver Range a 1% NSR; and
- Grant Silver Range a success fee of US$1 per ounce, payable upon completion of a Preliminary
Economic Assessment based on measured and indicated resources greater than 500,000 ounces.
For an additional 24% interest, the Company is required to:
- Complete an additional US$2,000,000 work program on or before February 28, 2023;
- Pay Silver Range US$500,000 cash and/or shares at the Company’s election, on or before February 28,
2023; and - Grant Silver Range an additional 1% NSR, which can be purchased for US$1,000,000 at any time prior to production.
Silver Range will act as the project operator for the first phase of exploration in return for a 10% management fee. Once fully vested a Joint Venture would be formed to continue exploration of the property. Should either
party’s interest be diluted to below 10%, it would be converted into a 1% NSR, half of which could be purchased
for US$1,000,000.
To exercise the option for 70% of the project, the Company will be required, in stages, to make payments totaling $200,000, issue a total of 1,000,000 shares, and incur a total of $2,500,000 in exploration expenditures on or before
December 31, 2022
For a 51% interest, the Company is required to:
- Reimburse Silver Range its staking and recording costs of $9,591 (approximately US$7,100);
- Complete a US$1,000,000 work program on or before February 28, 2021;
- Pay Silver Range US$250,000 cash and/or shares at the Company’s election, on or before February 28,
2021;
- Grant Silver Range a 1% NSR; and
- Grant Silver Range a success fee of US$1 per ounce, payable upon completion of a Preliminary
Economic Assessment based on measured and indicated resources greater than 500,000 ounces.
For an additional 24% interest, the Company is required to:
- Complete an additional US$2,000,000 work program on or before February 28, 2023;
- Pay Silver Range US$500,000 cash and/or shares at the Company’s election, on or before February 28,
2023; and - Grant Silver Range an additional 1% NSR, which can be purchased for US$1,000,000 at any time prior to production.
Silver Range will act as the project operator for the first phase of exploration in return for a 10% management fee. Once fully vested a Joint Venture would be formed to continue exploration of the property. Should either
party’s interest be diluted to below 10%, it would be converted into a 1% NSR, half of which could be purchased
for US$1,000,000.
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