Seasif Exploration Inc.

Description

Seasif Exploration Inc. (TSXV NEX: SAF.H) is a Canadian early-stage exploration company holding the 100%-owned Meadowbank gold project in Nunavut through subsidiary 5530 Nunavut Inc. The Meadowbank property covers approximately 580 km² adjacent to Agnico Eagle’s Meadowbank and Amaruq mines and is permitted for exploration, including drilling.

The investment case is highly speculative. Seasif controls a large land package in an established gold district with extensive geophysical coverage, multiple exploration targets and experienced management, but currently has minimal working capital, no active exploration program and is undertaking a strategic review. In 2024, the company impaired Meadowbank’s C$4.951M carrying value to nil because it could not finance further work. In 2026, it raised C$20,000 in the first tranche of a placement to assess project opportunities and fund corporate requirements.

Meadowbank remains an early-stage gold-silver exploration asset with no compliant mineral resource. Previous surface work returned values up to 13.30 g/t gold and 44.7 g/t silver, while geophysical programs have identified multiple prospective targets across the property.

List of Projects:

Project 1: Meadowbank Block A, Nunavut, Canada — gold-silver exploration block forming part of the 100%-owned Meadowbank land package; regional magnetic and VTEM coverage identifies greenstone-belt and banded-iron-formation targets.

Project 2: Meadowbank Block B, Nunavut, Canada — the most advanced exploration target area, with more than 32 line-km of ground IP and conductive/chargeability trends locally associated with anomalous gold samples.

Project 3: Meadowbank Block C, Nunavut, Canada — district-scale gold-silver exploration optionality along the same Archean geological trend. Across the Meadowbank blocks, previous surface sampling returned up to 13.30 g/t Au and 44.7 g/t Ag, but no compliant mineral resource has been defined.

Weakness

List of projects

Project details have not been added yet.

Deep dive series

Track progress timeline

Forecast share price