Our Projects

Learn more about Buchans Resources current projects and investments.

Projects

Gold Projects in Newfoundland & Labrador

Buchans has gold exploration properties in Newfoundland & Labrador, including the Tasiuyak gold project in Labrador which is considered prospective for mineralization analogous to the former Homestake mine in South Dakota (40 M oz Au + 9 M oz Ag @ ~8.4 g/t Au).

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.

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.

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 read in conjunction with the Company’s condensed...

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Buchans Reports Year-End Results – Income of $5.6 Million Reported

Buchans Resources Limited (the “Company” or “Buchans”), a Canadian mineral exploration and development company, reports its financial results and results of operations for the year ended December 31, 2023. This news release should be read in conjunction with the Company’s audited consolidated...

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