gold resources

Maverick Gold and Silver (CSE: MAV | FWB: VR61 | OTC: VRCFF) is preparing to drill its Gator Gold Project in Nevada following acceptance of its Notice of Intent by the Bureau of Land Management. In an eResearch interview, Senior Advisor Peter Baxter discusses geological similarities between Gator and Roxmore Resources’ Converse Project, recently targeted for acquisition by SSR Mining. The US$392 million transaction provides a valuation benchmark for Nevada gold resources. Maverick has eight drill sites across Gator South and GSX and plans an initial 2,000-metre program, subject to financing and posting a reclamation bond before drilling can begin. [more]

SSR Mining (TSX: SSRM | NASDAQ: SSRM) has agreed to acquire Roxmore Resources (TSX: RM) for US$464 million in cash, adding the Converse gold project in Nevada, six kilometers from its Marigold Complex. The project contains 5.2 million ounces of Indicated and Inferred gold resources, with annual production projected at 150,000 to 170,000 ounces beginning in 2033. SSR Mining estimates initial capital costs of US$800 million to US$900 million and at least US$200 million in life-of-mine synergies. The transaction, expected to close in late 2026, strengthens SSR Mining’s US production platform and expands its long-term gold development pipeline. [more]