Buchans Resources

Focused on districts and opportunities with demonstrated potential for exceptional mines

Latest News

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 Reports Second 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 second quarter ended June 30, 2023. This news release should be read in...

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Annual Meeting of Shareholders 2023 and Corporate Update

Buchans Resources Limited (the “Company” or “Buchans”), a Canadian base metal mineral exploration and development company, reports that it held its Annual Meeting of Shareholders today in Toronto. At the meeting, John Kearney, Chairman and Chief...

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Buchans Resources Reports First 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 three-month period ended March 31, 2023. This news release should be...

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Buchans Resources is focused 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

Buchans VMS Camp

Buchans Resources holds mineral rights covering approximately 252km2 considered prospective for VMS Zn-Pb-Cu-Ag-Au base metal deposits within the Buchans mining district of central Newfoundland.

Gold Projects in Newfoundland & Labrador

Buchans controls several gold projects in central Newfoundland and northern Labrador, including the Lake Douglas project, the Long Range gold project and the Exploits Project in central Newfoundland as well as the Tasiuyak gold project in Labrador.

Nickel-Copper-Cobalt Projects in Labrador

Buchans has several properties in Labrador considered prospective for Voisey’s Bay-style nickel-copper-cobalt deposits, including 9.5 km2  at South Voisey’s Bay, and 1.25 km2 at Voisey’s Bay itself.

Our Investments

Canterra Minerals Corporation

Buchans holds 24,910,000 common shares and 128,464,216 special warrants of Canterra Minerals Corporation (TSX.V: CTM), representing an approximate 19.9% interest, valued at approximately $14.5 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.