The narratives behind both juniors’ stories are similar. Dixie Gold announced on December 31, 2019, that it had amassed a dominant land position contiguous to both Great Bear Resources’ emerging Dixie gold and BTU Metals Corp’s Dixie Halo projects.
Similarly, Red Lake Gold rebranded mid-2019 from minnow Pivit Exploration to advance the Whirlwind Jack project, immediately west and on-trend of Great Bear’s (now Kinross Gold-owned (TSX: K; NYSE: KGC)) Dixie project.
By the Fall of 2021, both juniors had engaged with Barrick regarding a potential exploration-focused earn-in agreement on their respective projects. By November 1, 2021, Dixie Gold had signed a formal earn-in agreement with Barrick, enabling it to earn a 70% interest in the Red Lake project. Red Lake Gold signed a similar deal on the same day to platform-in Barrick as the project partner.
However, the new working…
