Paycore Minerals
The business, the turning points, and the decisions behind them.
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Sections to complete：02 · 05
01 / WHAT IT BUILT
What the company did
Paycore Minerals Inc. was a Thunder Bay, Canada-based mineral exploration company (TSXV: CORE), founded in 2021. It held the FAD Property on the Battle Mountain–Eureka trend in Nevada, USA — host to the high-grade FAD polymetallic deposit, a down-faulted extension of the historic Ruby Hill mine with a historical resource averaging 5.14 g/t gold, 196.46 g/t silver, 8.0% zinc and 3.8% lead.
02 / FAILURE REASONS
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03 / EVENT HISTORY
Events in the structured record
- Company founded
Paycore Minerals is founded in Thunder Bay, Canada, to explore the FAD Property on Nevada's Eureka–Battle Mountain trend.
- Exploration drilling
Paycore's 2022 drill program expands the high-grade FAD polymetallic deposit with multiple high-grade intercepts.
- Acquired by i-80 Gold
i-80 Gold acquires Paycore Minerals in a statutory plan of arrangement (0.68 i-80 shares per Paycore share, a 36% premium); the deal closes in May 2023.
04 / CONTEMPORARY REBUILD ASSESSMENT
Difficulty of rebuilding this project today
Material for this section is being gathered and checked. It will appear here once ready.
Overall assessment: Not completed
05 / CAUSAL CHAIN / AFTERMATH
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