A2Gold to Acquire Nevada Silver-Gold Project
A2Gold Corp. has entered into a binding agreement to acquire the Taylor silver-gold project in Nevada. The company is positioning the deal as an acquisition of a drill-ready site with a significant historical silver resource.
The acquisition of the Taylor project is from a private company, White Pine Metals, and is structured as a share-based transaction. A2Gold Corp. will issue 4.5 million common shares to White Pine Metals and has committed to a work program of at least $1.5 million at the site over the next two years. The Taylor project has a long history of intermittent operation, with initial silver and gold discoveries dating back to the 1870s. The district saw significant activity, including the establishment of the town of Taylor, which had a population of 1,500 at its peak in the 1880s. Previous operators include Silver King Mines, which undertook a large open-pit operation in the 1980s. A 2013 technical report for a previous owner, Silver Predator Corp., outlined a mineral resource estimate for the Taylor project. That report, at a 1.0 oz/ton silver cutoff, detailed measured and indicated resources, providing a basis for the "significant historical silver resource" mentioned in the acquisition announcement. The project is located in White Pine County, Nevada, a state consistently ranked as a top jurisdiction for mining investment globally due to its favorable policies and geological potential. Nevada's mining industry is a significant part of its economy, with employment in the sector being ten times the national average. This acquisition complements A2Gold's existing portfolio of Nevada-based projects, which includes the flagship Eastside gold-silver project located in the Walker Lane Trend. The company has been actively exploring the Eastside project, recently expanding its drill program to 30,000 meters. A2Gold's Vice President of Exploration, John Marma, has a direct history with the newly acquired asset. He was a co-founder of White Pine Precious Metals and served as its President and CEO, focusing on advancing the Taylor Project prior to this transaction. The company views the Taylor project as having the potential for not only silver and gold but also for associated base metals and Carlin-style gold deposits. A2Gold intends to leverage the extensive historical data, which includes over 600 drill holes, to quickly advance the project.
