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Karus Mining Inc.

CSE:KARULive AI agent

Karus Mining is the result of the business combination of Karus Gold and Theia Gold.

Investor website: https://www.karusmining.ca

About

Karus Mining is the result of the business combination of Karus Gold and Theia Gold. Theia Gold was founded by a number of mining and finance business persons, while Karus Gold was originally financed by Yamana Gold before it was purchased in 2023. Former Yamana executives founded Theia and were instrumental in the merger of Karus and Theia — bringing together deep technical, operating and capital-markets expertise behind a district-scale British Columbia gold portfolio. The company is rooted in the Yamana Gold and Allied Gold heritage and is led by proven mine builders and financiers.

Verified company data

Cash position
C$7.5M
Shares outstanding
44186542
Fully diluted shares
52886137
Mineral resource
The Mineral Creek project sits within the historic China Creek mining camp on Vancouver Island, just 10 km from Port Alberni and 35 km from Nanaimo. A structurally-controlled orogenic gold system with historical gold production, it pairs narrow, significant-grade veins with a large low-grade bulk-tonnage target — and remains open at depth and along strike. Significant grades across the district include 306 g/t Au over 1.0 m — MC23-08, 153.93 g/t Au over 2.0 m — MC23-08, and 58.4 m @ 1.08 g/t Au — MC23-06. Historical results are per the NI 43-101 Technical Report on the Mineral Creek Project (C.J. Greig & Associates Ltd. / Theia Gold Corp., effective June 5, 2024).
Projects
["Mineral Creek: An orogenic gold project with confirmed significant vein grades and bulk-tonnage potential — 10 km from Port Alberni. 13,286 ha, 51-claim consolidated package, 306 g/t significant gold grade — MC23-08 (2023), ~$25M historical exploration · 1979–2012, 340+ historical drill holes. The project features significant grades with bulk-tonnage scale, two styles of mineralization, and significant gold grades across the district. Next steps include a 2026 program to grow the discovery.","South Cariboo Gold District: A dominant, 100%-owned land position on the Eureka thrust — home to the flagship FG Gold deposit and the Gold Creek discovery. 995 km², 100%-owned land position, 63,700 m historical drilling · 446 holes, 20+ km untested strike to the northwest, 7,500 m fully-funded 2026 drill program. The district holds two structurally-controlled orogenic gold systems — the FG Gold deposit and the Gold Creek discovery, both extensively de-risked by decades of historical work and open for expansion."]
Leadership
Chris Donaldson (CEO & Director, 30 years of experience in managing, marketing and raising capital, including over 20 years in mining and exploration. Past CEO of Vizsla Copper Corp. and a director of Valkea Resources.), Dave Cross, CPA (Chief Financial Officer, CPA with over 30 years of experience specializing in accounting and management services to publicly listed companies, with extensive knowledge and experience in mining and mineral exploration.)

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