Karus Mining Inc.
CSE:KARULive AI agent
Karus Mining is an emerging Canadian gold explorer focused on advancing two high-grade gold projects in British Columbia.
Investor website: https://www.karusmining.ca
About
Karus Mining is an emerging Canadian gold explorer focused on advancing two high-grade gold projects in British Columbia. The company is backed by proven mine builders and is fully funded for a 2026 drill program, leveraging a district-scale land position of 1,133 km². Their approach combines high-grade drill history with systematic targeting to de-risk discovery in the South Cariboo Gold District and Vancouver Island.
Verified company data
- Cash position
- C$7.5M
- Shares outstanding
- 44186542
- Fully diluted shares
- 52886137
- Mineral resource
- The South Cariboo property spans 995 km² along the Eureka thrust within the prolific Cariboo Gold District. It holds two structurally-controlled orogenic gold systems — the flagship FG Gold deposit and the Gold Creek discovery — both extensively de-risked by decades of historical work and open for expansion. FG Gold is a sediment-hosted orogenic gold system where mineralization is focused into predictable, structurally-controlled corridors that fold around the NW-trending Eureka Syncline. Historical results from the 2021 drill program include notable intercepts such as FG-21-401 at 27.1 g/t Au over 1.6 m and FG-21-4011 at 1.3 g/t Au over 95.5 m. The Gold Creek project is a strategically-located gold system with a Spanish Mountain-style signature, adding a second growth engine within the district land package.
- Projects
- ["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 is located in British Columbia — a stable, mining-friendly Tier-1 jurisdiction with road access, powerlines, and proximity to the service centre of Williams Lake. Multi-year drilling permits valid through 2028 for cost-effective exploration. Supportive relationship with the Northern Shuswap Tribal Council.","FG Gold — Flagship Deposit: A large, de-risked gold system where mineralization is focused into predictable, structurally-controlled corridors that fold around the NW-trending Eureka Syncline. Notable FG Gold intercepts (2020–2022) include FG-87-054 at 12.3 m 18.89 g/t, FG-90-140 at 16.5 m 11.1 g/t, and FG-20-385 at 17.7 m 3.34 g/t. Intervals are drilled widths and may not represent true width. Historical results are per the NI 43-101 Technical Report on the South Cariboo Property (Equity Exploration Consultants Ltd., effective June 1, 2022).","Gold Creek — Strategic Discovery: A second growth engine with a Spanish Mountain-style signature, adding a second growth engine within the district land package. Notable intercepts include GC-17-34 with 1.5 m @ 18.0 g/t, GC-17-35 with 1.0 g/t Au over 84.65 m, and GC-21-049 open at depth with 0.74 g/t Au over 46.4 m.","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 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."]
- Leadership
- Andrew Kaip (Interim CEO, Founder and former CEO of Karus with 30+ years of geology, financial-market and management experience.), Sébastien Bernier (Director, 25 years of industry and technical experience, currently Senior Vice President, Technical Services for Allied Gold Corporation.), Manni Buttar (Director, Chartered Professional Accountant with a Master's in Accounting and Finance from the University of Waterloo, currently Vice-President, Business Development at SCP Resource Finance LP.)
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