Locrian Resources Inc.
Locrian Resources Inc. is a private Canadian company focused on exploration activities in Laos and Myanmar. As of 31 December 2017, we hold approximately 30.81 per cent of Locrian’s issued and outstanding shares.
La Curva and Claudia projects
In 2017, we entered into two separate option agreements with Mirasol Resources to earn up to a 75 per cent interest in the La Curva and Claudia Projects, which are early stage exploration projects located in Santa Cruz Province in Argentina. We have the right to earn our interest of the La Curva and Claudia Projects in stages by completing a series of exploration investments and making staged option payments to Mirasol.
In New Zealand, we hold a 20 per cent interest in the Sam’s Creek project, which consists of exploration on a near-surface, mineralised, porphyritic felsic dyke on New Zealand’s West Coast of New Zealand’s south island. The project is a joint venture with Australian Stock Exchange-listed MOD Resources Ltd.
Gold Standard Ventures
Gold Standard Ventures (GSV) is an exploration company traded on the Toronto Stock Exchange (TSX) Venture Exchange. GSV controls the second-largest contiguous land package (208 sq km in the Carlin Trend, which is North America’s most prolific gold-producing area, and the world’s second-largest known gold resource). At 31 December 2017, we hold approximately 15.7 per cent of the issued and outstanding shares of GSV.
NuLegacy Gold is a junior exploration company listed on the TSX Venture Exchange. It is currently drilling the Red Hill Project in the Cortez Trend in Nevada, USA, close to some of the world’s largest gold discoveries. As of 31 December 2017, we hold approximately 16.2 per cent of the issued and outstanding shares of NuLegacy.
We also hold an interest in an unincorporated joint venture copper gold project located near Orange, New South Wales, Australia.
In addition to the Didipio mine and tenements, we have a portfolio of prospective exploration properties in the Philippines. This portfolio includes interests in the Didipio region (outside of the Didipio Financial or Technical Assistance Agreement area), Northern Luzon and the Surigao Peninsula area of northern Mindanao. These interests comprise direct holdings of, and options over, 5 granted tenements, with 10 currently being considered for renewal by the Mines and Geosciences Bureau.