Tully is a 352-hectare property about 30 kilometres north-northeast of Timmins comprising a 261-hectare mineral lease and 11 mining claims totalling 91 hectares. Loyalist owns 100% subject to a 2.0% net-smelter-return royalty, with an option to buy back half for C$1 million. The June 15, 2026 underground estimate contains 1.62 million tonnes Indicated at 3.16 g/t gold for 164,000 ounces and 0.95 million tonnes Inferred at 2.03 g/t gold for 62,000 ounces. The report recommends a 70-hole, 21,674-metre drilling and study program toward an updated resource and preliminary economic assessment.
- Country
- Canada
- Commodity
- Au
- Stage
- PEA