TAHLTAN CENTRAL GOVERNMENT – INDUSTRY REPORT 2022
MINERAL EXPLORATION COMPANY
GIGA METALS Giga Metals Corp. 203-700 West Pender St., Vancouver, BC V6C 1G8 gigametals.com
PROPERTY LOCATION & ACQUISITION DATE
PROJECT ACTIVITIES IN THE 2021 SEASON
Turnagain Project, which is located about 65 km east of Dease Lake in eastern Tahltan Territory, near Turnagain River and Hard Creek.
Continued archaeological, wildlife and hydrological studies, 4,214 metres (9 holes) of resource drilling (NQ size) to upgrade geology model and resource classifications, 2,082 metres (6 holes) of geotechnical drilling (HQ size) with oriented core, optical televiewer hydrogeological installs for pit wall design, and 8,400 metres of seismic refraction survey for tailings storage facility design.
CONTACTS GENERAL INQUIRIES
Leslie Young Corporate Secretary 604 681 2300 lyoung@gigametals.com
Where does the majority of your financing come from year to year? What’s the breakdown of who owns your company and what’s your company’s market cap?
LEADERSHIP
Mark Jarvis Chief Executive Officer
Above: Turnagain Project map within Tahltan Territory.
Institutional and private investors from around the world. There are approximately 86 million shares issued and outstanding, and 109 million shares fully diluted, of which approximately 7% are controlled by management. Market cap is $33 million.
COMPANY OVERVIEW & UPDATE
Has your company purchased or sold any other properties in Tahltan Territory during the last year?
604 681 2300 mjarvis@gigametals.com CONTRACTING
Greg Ross Project Manager 604 681 2300 gross@gigametals.com
Any successes or challenges you’d like to share? Challenges – Contractor, equipment and labour availability, and constraints on Boulder Trail usage during much of the season.
We have acquired by staking two small carbonate claims between Turnagain and Dease Lake for potential metallurgical reagent sourcing.
Tentative plans and hopes for the 2022 season? Successes – COVID-19 protocols and responsible staff and contractors resulted in zero positive rapid antigen tests all season long with at least two tests per person per rotation. (Tahltan preferred contractor provided test support), completion of updated PEA in 2021, completion of Tailings Alternatives Assessment showing selected location expected to be most favourable when considering social, environmental, technical, and economic factors, and completion of mixed hydroxide precipitate (MHP) study, looking at potential value-add opportunities.
If 2022 financing can be secured: •
Completion of geotechnical drilling and/or test pits in support of tailings storage facility design and stockpile/waste storage design;
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Continue and/or improve environmental baseline studies;
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Collect all data required to advance to pre-feasibility study, including additional metallurgical studies; and,
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Initiate pre-feasibility study.
Number of employees working on your project(s)? Giga Metals has only a few year-round employees. During 2021 field season, there were usually between 20 and 30 workers at camp (mostly contractors).
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