Buchans Resources

Exploring for critical minerals and gold in Labrador with a focus on districts and opportunities with demonstrated potential for exceptional mines

Latest News

Buchans Resources Reports First Quarter 2024 Results

Buchans Resources Limited (the “Company” or “Buchans”), a Canadian mineral exploration and development company, reports its financial results and results of operations for the three-month period ended March 31, 2024. This news release should be...

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Buchans Reports Third Quarter 2023 Results

Buchans Resources Limited (the “Company” or “Buchans”), a Canadian mineral exploration and development company, reports its financial results and results of operations for the nine-months ended September 30, 2023. This news release should be read...

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Buchans Resources is exploring for critical minerals and gold in Labrador with a focus on districts and opportunities with demonstrated potential for exceptional mines

Learn about Buchans Resources Strategy, Responsibilities, and Goals &
Meet our Directors and Management.

Our Projects

Gold Projects in Newfoundland & Labrador

Buchans holds a 100% interest in its 13.5 km2 Tasiuyak gold property in Labrador located 10 km south of Vale’s Voisey’s Bay nickel-copper-cobalt mine. The property covers the VBE-2 gold prospect discovered by previous explorers during the Voisey’s Bay exploration rush in the mid-1990s.

Nickel-Copper-Cobalt Projects in Labrador

Buchans holds (100%) two properties in Labrador considered prospective for Voisey’s Bay-style nickel-copper-cobalt deposits, including its 10.75 km2 property covering prospective troctolitic gabbros of the Pants Lake Intrusive Suite at South Voisey’s Bay, and its 1.25 km2 property covering mineralized troctolite at Voisey’s Bay itself.

Our Investments

Canterra Minerals Corporation

Buchans holds 20,189,117 common shares and 128,464,216 special warrants of Canterra Minerals Corporation (TSX.V: CTM), representing an approximate 13.6% interest, valued at approximately $14.1 million, based on a closing price of $0.095 per share of Canterra, as of December 31, 2023.

Canterra Minerals Corporation is a Canadian resource company focused on critical minerals and gold exploration on the island of Newfoundland. Canterra’s board and management team have over 40 years of experience searching for critical minerals, gold and diamonds in Canada.

 

Royalties Inc.

Buchans holds 33,000,003 shares of Royalties Inc. (CSE: RI), representing an approximate 15.3% interest, valued at approximately $1.32 million, based on a closing price of $0.040 per share of Royalties, as of December 31, 2023.

Royalties Inc. is focused on acquiring cash flow generating royalty opportunities, primarily resource royalties and media entertainment royalties from music, books, film and television for their long term copyright protected streaming revenue. Royalties Inc. has an indirect interest in approximately 27 cash-flowing music royalties thrugh its stake in Music Royalties Inc.

 

Minco Exploration PLC

Buchans holds 11,227,879 shares of Minco Exploration PLC, representing an approximate 14.4% interest, with a carrying value of approximately $846,704, as of September 30, 2023.

Minco Exploration holds zinc-lead exploration licences in the Republic of Ireland operated by its wholly owned subsidiaries, either alone or in joint venture with Boliden Tara Mines. Minco is participating at 20% in a joint venture with Boliden Tara Mines at 80% on Licence 1440R, which lies immediately adjacent to Boliden’s large 130 million tonnes Tara zinc-lead mine at Navan.