Essex Minerals Inc (TSX:ESX)

Mining

Essex Minerals Inc is a mineral exploration and development company that focuses on exploring and developing the Cumberland, Mt. Turner, and Compass Creek properties. The company is looking for earn-in and joint venture opportunities in the gold and precious metal industry. 

Essex Minerals has the right to own and operate a joint venture stake in three epithermal and orogenic gold projects, including Cumberland, Mt. Turner, and Compass Creek which are proximal to Pine Creek (Northern Territory of Australia) and Georgetown (north Queensland). 

The company’s headquarters is situated in Vancouver, British Columbia. Essex Minerals Inc is a publicly listed company on the TSX Venture Exchange market (TSXV), where its common stocks trade under the ticker ‘ESX’. In addition to the TSXV, the mining company is listed on OTCQB Market and Frankfurt Stock Exchange (FRA) under the ticker symbol ‘ESXMF’ and ‘EWX1’, respectively. 

The Cumberland project 

Essex Minerals has the right to own and operate an 80 per cent stake in this property. It consists of four granted exploration permits and covers a land package of 25,024 hectares and is situated 70 kilometers NW of the historical Kidston gold mine that consisted of 5 million ounces and 30 kilometers from Georgetown in north Queensland. 

The Cumberland property is prospective for hosting high-grade epithermal gold-silver mineralization. It consists of six prospects that are associated with poly-metallic, low sulfidation, and epithermal mineralization. 

Mount Turner copper-molybdenum project 

Essex Minerals has the option to own and operate a 75 per cent stake in this property by funding exploration. This project is situated in the western part of the Georgetown Inlier that includes the bulk of the proclaimed Etheridge Goldfield. This property includes variably metamorphosed and deformed sedimentary and volcanic rocks. 

Compass-Creek project 

Essex Minerals has the option to own and operate a 60 per cent stake in this property by funding exploration. It covers a land package of 64,000 hectares. It is situated in Pinke Creek Goldfield, 130 kilometers from Darwin, 40 kilometers away to the east of Cosmo Howle deposit of Kirkland Lake and 28 kilometers north of Union Reefs mill. It targets orogenic gold mineralization.