Metalla Royalty owns a 2% NSR Royalty to the west of the Detour Lake Mine. Detour is a large open pit gold mine which has produced more than 5 Million ounces of gold since 1983. Detour hosts a mine life of approximately 22 years with an average gold production of 659koz per year. Detour Lake's greenstone-hosted orogenic lode gold mineralization straddles the Sunday Lake Deformation Zone which extends 30 kilometres on the property striking East to West. Agnico Eagle recently announced high grade underground drill results 1.9 km west of the West Detour pit, on strike with the royalty boundary.
Interest: 2.0% Net Smelter Return Royalty
Location: Northeastern Ontario
Project Status: Exploration
Counterparty: Agnico Eagle Mines
Kirkland Lake Gold Detour Lake Mine