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Bathurst is focused on advancing its flagship Turner Lake project in Nunavut, within the same Archean greenstone belt setting as two of Nunavut's major gold districts.
District Context
In the Heart of a Major Mining Camp
Bathurst Metals' Turner Lake project sits in a greenstone belt setting similar to multi-million-ounce gold districts, while the BEAR shareholding keeps exposure to the Bridge River camp.
Gold Bridge Mining Camp
~17.7 g/t Au
Canada's highest-grade historic gold district. Peers: Talisker Resources (TSK.V ~$300M) — Bralorne Mine 1.7 Moz @ 6.4 g/t. Endurance Gold (EDG.V ~$100M) — Reliance Project 1.45 Moz @ 2.3 g/t inferred.
Hope Bay Gold District
3.4 Moz @ 6.53 g/t Au P&P
Agnico Eagle. 2.2 Moz @ 4.61 g/t Au indicated; 3.2 Moz @ 5.98 g/t Au inferred. Same Archean greenstone belt as Turner Lake.
Goose & Back River District
Goose Mine — 300 koz/yr @ 5.97 g/t
B2Gold. 2.4 Moz @ 6.79 g/t Au P&P; 4.2 Moz @ 7.45 g/t Au Indicated; 3.5 Moz @ 8.05 g/t Au inferred.
* Reserve and resource data from Agnico Eagle, B2Gold, Talisker Resources, and Endurance Gold corporate websites (May 2026).
Nunavut — Flagship Project
Turner Lake / TED Project
An under-explored project in the same prospective greenstone belt setting as Agnico Eagle's Hope Bay (~8.8 Moz) and B2Gold's Goose & Back River District (~10.1 Moz) — with multiple mineral occurrences and high-grade historical drilling.
Direct Evidence
Visible Gold on Surface and in Core
The Turner Lake project has produced visible gold both at surface and in drill core — a direct, tangible indicator of significant gold mineralization at the project.
Drill Core — TL-08-012 at 117.95m
Visible gold logged in drill core, accompanying high-grade gold assays from the surrounding interval. The project's longitudinal section suggests a moderate westward plunge of mineralization that remains open at depth.
Multi-Commodity Potential
Four distinct mineral occurrences across a single 125 km² land package — each at a different geological setting with its own discovery upside.
Turner Lake Main Gold Zone
Archean Lode
Au
18.0m @ 5.60 g/t Au
TED Showing
Archean Iron Formation
Au
Up to 138.2 g/t Au (grab)
Nickel Knob
Proterozoic Massive Sulphides
Ni · Cu · Ag
1.87% Cu, 1.63% Ni / 14m
Turner East
Archean Lode
Au · Ag
Au, Ag occurrence
Main Gold Zone
Discovered in the 1960s, the Main Gold Zone has had 22 diamond drill holes that tested across the zone — drilled by Chevron Minerals (1986–1989) and Northrock Resources (2008–2009).
Geometry
Main Gold Zone is open in all directions and open to depth. The longitudinal section suggests a moderate westward plunge of mineralization.
Drill Assay Results — Northrock (2009)
| Drill Hole | From (m) | To (m) | Width (m) | Au (g/t) |
|---|---|---|---|---|
| TL-09-22 | 28.50 | 32.50 | 4.00 | 4.91 |
| Including | 31.50 | 32.50 | 1.00 | 9.80 |
| TL-09-23 | 34.20 | 34.70 | 0.50 | 19.20 |
| TL-09-24 | 40.70 | 44.10 | 3.40 | 2.35 |
| Including | 40.70 | 41.20 | 0.50 | 9.42 |
| TL-09-25 | 50.00 | 61.20 | 11.20 | 3.32 |
| Including | 50.00 | 52.00 | 2.00 | 9.35 |
| Including | 60.00 | 61.20 | 1.20 | 10.10 |
| TL-09-26 | 93.00 | 111.00 | 18.00 | 5.60 |
| Including | 93.00 | 95.00 | 2.00 | 12.50 |
| Including | 103.00 | 108.00 | 5.00 | 8.70 |
| TL-09-27 | 88.60 | 93.60 | 5.00 | 3.30 |
| Including | 91.60 | 93.60 | 2.00 | 5.74 |
| TL-09-28 | 111.00 | 113.00 | 2.00 | 25.56 |
| TL-09-29 | 104.00 | 117.00 | 13.00 | 13.21 |
| Including | 113.00 | 114.00 | 1.00 | 75.60 |
| Including | 116.00 | 117.00 | 1.00 | 31.80 |
| TL-09-30 | 168.00 | 171.00 | 3.00 | 4.52 |
| 180.00 | 183.00 | 3.00 | 5.45 |
All lengths presented are core lengths. Historical results from Northrock Resources (2009) — not independently verified by Bathurst Metals. Highlighted intervals: best historical intercepts.
Cross-section showing mineralized zone, visible gold (VG) intercepts, and drill hole geometry.
TED Showing
Located 8 km SW of the Turner Lake Main Gold Zone, the TED Showing is an Archean iron formation — geologically analogous to Sabina Gold and Silver. Gold is associated with sulphide-poor to sulphide-rich, chert-rich iron formations, with sulphide-rich lenses hosting pyrite, arsenopyrite, pyrrhotite, and visible gold.
Historic Grab Samples
- ▸ 2021 fieldwork confirmed historic results and visible gold in Archean iron formation
- ▸ 6 of 18 grab samples returned >20 g/t Au (range: 22.8–100 g/t)
- ▸ Area hosting higher-grade values not yet drill tested
- ▸ Geologically analogous to Sabina Gold and Silver iron formation deposits
Nickel Knob
A high-grade Ni–Cu–Ag system with polymetallic upside hosted in semi-massive to massive sulphides — comparable to magmatic sulphide systems with scale potential. Mineralization sits within ultramafics and volcanoclastics associated with diabase dykes and greywacke.
Key Intercepts
- ▸ Hosted in semi-massive to massive sulphides
- ▸ Mineralization within ultramafics & volcanoclastics
- ▸ Associated with diabase dykes & greywacke
- ▸ Trace gold present; visible gold noted locally
Divestment · Assignment of Option
Peerless Property
Following a strategic review, Bathurst has agreed to assign its option on the Peerless Property, located in the Bridge River Mining Camp of British Columbia, to Big Bear Gold Corp. (TSXV: BEAR) in exchange for 3,555,000 BEAR common shares. The assignment removes significant future option commitments, lets Bathurst concentrate its capital and technical resources on Turner Lake, and retains exposure to the Bridge River camp through the BEAR shareholding.
Closing is subject to BEAR completing satisfactory due diligence within 90 days and TSX Venture Exchange approval. See the October 1, 2026 news release for full terms.
Assigned To
Big Bear Gold Corp.
Disposition · Option Agreement
Muskox Property
Currently under option to SPC Nickel Corp. Generating cash and share proceeds to Bathurst while SPC Nickel advances exploration on the property — a non-dilutive funding source for the Company's flagship work.
Optioned To
SPC Nickel Corp.
Qualified Person
The scientific and technical information on this page has been reviewed and approved by Lorne M. Warner, P.Geo., President and Director of Bathurst Metals Corp., who is a Qualified Person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Historical assay results referenced herein are derived from prior work completed by previous operators. The Company has not independently verified these historical results, and they should not be relied upon unless and until verified by Bathurst Metals through future exploration programs.