International Gold Resources Inc.
Overview
International Gold Resources Inc. (IGR) is a Canadian-based mineral exploration company focused on the acquisition, exploration, and development of gold properties in Canada. The company’s primary asset is the Rattlesnake Hills Gold Project in Wyoming, United States.
Rattlesnake Hills Gold Project
The Rattlesnake Hills Gold Project is located in the Archean greenstone belt of Wyoming, USA. The project encompasses approximately 10,000 acres and hosts a series of gold-bearing veins and mineralized zones.
Exploration and Development
IGR has conducted extensive exploration activities at the Rattlesnake Hills Gold Project, including soil sampling, geophysics, and diamond drilling. The company has identified several high-grade gold zones, including the HW Zone, HW2 Zone, and Union Zone.
In 2021, IGR completed a preliminary economic assessment (PEA) for the project. The PEA outlined a potential open-pit mining operation with an estimated mine life of 11 years. The average annual production was estimated at 100,000 ounces of gold.
Other Projects
In addition to the Rattlesnake Hills Gold Project, IGR also holds exploration interests in other gold properties in Canada. These include the Golden Mile Gold Project in British Columbia and the Granite Creek Gold Project in the Yukon Territory.
Management Team
The management team of International Gold Resources Inc. has extensive experience in the mining industry. The key executives include:
* Michael Anderson, President and CEO
* Russell Starr, Vice President of Exploration
* David Blain, Chief Financial Officer
Financial Performance
IGR’s financial performance has been impacted by the fluctuations in gold prices and exploration expenses. The company has reported losses in recent years as it invests in the advancement of its projects.
Investment Opportunity
IGR provides investors with exposure to the potential of the Rattlesnake Hills Gold Project and its other exploration properties. The company’s experienced management team and strategic focus on gold resources make it a potential long-term investment opportunity. However, investors should be aware of the risks associated with mineral exploration and the volatility of gold prices.
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