Drilling in Manitoba has returned high-grades including 5.28% copper equivalent over 2.3 metres and 4% copper-equivalent over 4.7 metres.

The project consists of more than 14,000 acres of patented claims within the Shining Tree area of the Abitibi greenstone belt.

The company has struck a strategic partnership with Melkior, which is advancing its flagship Carscallen gold project in Timmins, Ontario.

The property forms part of the company’s district-scale Detour Gold Trend project, about 75 km west-northwest of Matagami in Québec, Canada.

Bank is increasing its forecast to $1,725 per oz. in 2020 and $1,800 per oz. in 2021.

As existing deposits and mines are advanced, companies are looking for new frontiers to secure their long-term production and growth.

The company will focus on copper porphyry exploration in Canada and the US.