JV Video: Total Metals is building “GoldCorp 2.0” in Red Lake with former discovery team

Total Metals (TSXV: TT) is building what it believes to be the next Goldcorp with several former team members who were part of that company's exploration success in the Red Lake gold camp of Ontario.

The foundational piece under Total Metals' portfolio is the Electrolode project sandwiched midway between two high-profile gold projects in the region: Kinross Gold’s Great Bear and First Mining Gold’s Springpole. According to the company, the project is fully permitted for exploration drilling and hosts 10 historic mineralized zones with significant expansion potential plus new, untested targets ready for further exploration.

"The geological setting and infrastructure is really all excellent," said Michael Dehn, executive chairman of Total Metals, told MINING.COM host Rachel Lee in a recent interview. "It's going to get even better as Great Bear and Springpole are going to spend C$2.5 billion over the next five years building their mines. So we'll be benefiting from more infrastructure in the region."

In addition to Electrolode, Total Metals also owns the High Lake and West Hawk Lake projects located along the Manitoba-Ontario border. According to Dehn, these properties combined hold approximately 340,000 oz. in estimated resources and a historic resource for further exploration opportunities.

Watch the full interview here: