Gordon Mining’s Tungsten Tail acquisition: exploration and targeting notes for engineers
Reviewed by Tom Sullivan
First reported on MINING.com
30 Second Briefing
Gordon Mining Group has completed the acquisition of the Tungsten Tail project in Sierra County, New Mexico, securing 100% of TT Minerals’ 41-claim, 847-acre property with a history of small-scale scheelite production in 1942 and 1955. The C$125,000 cash-and-shares deal includes a 2.0% net smelter returns royalty to Strata Mine Technologies, with 1.0% buyback for $1 million. Gordon plans AI-assisted targeting that integrates 2023 USGS airborne magnetic data, regional geochemistry, new mapping and UV scheelite surveys to generate the project’s first drill targets.
Technical Brief
- Consideration structure: C$125,000 cash plus 1,500,000 Gordon common shares issued to Strata Mine Technologies.
- Strata receives a 2.0% net smelter returns royalty over the project and defined area of interest.
- Gordon retains a contractual right to buy back 1.0% NSR for US$1 million at any time.
- Property-scale coverage includes regional USGS geochemical datasets and a 2023 USGS airborne magnetic survey.
- Historical scheelite shipments were recorded from the area in 1942 and again in 1955, indicating past production.
- Company explicitly states historical production and data are unverified and do not constitute current mineral resources.
- Gordon Mining’s market capitalisation sits at approximately C$4.1 million, with shares up 3% on announcement.
Our Take
Tungsten appears in only a small fraction of the 1249 Mining stories in our database, so Gordon Mining’s move into scheelite-bearing ground in New Mexico positions it in a relatively uncrowded critical-minerals space compared with gold or copper juniors.
With a market capitalisation of about C$4.1 million, Gordon Mining is at the very small end of the listed peer set in our coverage, which typically means any positive drill or USGS-driven targeting results at Tungsten Tail could move the share price disproportionately versus larger tungsten or copper names.
Prepared by collating external sources, AI-assisted tools, and Geomechanics.io’s proprietary mining database, then reviewed for technical accuracy & edited by our geotechnical team.
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