| XMIL Exchange | Canada Country |
Record Resources Inc., initially established in 2010 under the name Silk Road Energy Inc., is a Canada-based company that shifted its operational identity to focus on the mining sector, specifically on the acquisition, exploration, and development of mineral resource properties within Canada. In a strategic move to solidify its presence in the mining industry, the company underwent a name change to Record Resources Inc. in April 2023. The enterprise is strategically headquartered in Calgary, Canada, positioning itself in a country known for its rich natural resources and mining opportunities. Record Resources Inc.'s primary activity revolves around exploring and developing potential gold mining areas, with significant interests in several properties located in Ontario's mineral-rich regions, particularly around the Kirkland Lake area which is renowned for its historical and productive gold mining operations.
The Grenfell gold property stands as one of the premier projects under Record Resources Inc.'s portfolio. Located northwest of the Town of Kirkland Lake, Ontario, this property encompasses 38 mining cells and eight leased claims that collectively cover an area of approximately 6.7 square kilometers. The company's strategic option agreement to acquire an 80% interest in this property underscores its investment in gold and the potential growth within the gold mining sector.
Adding to its impressive collection of mining sites, Record Resources Inc. has secured an agreement that extends its reach to the Kirkland Lake region, a notable gold-producing area in Ontario. This particular agreement focuses on two mining concessions that promise exploration and development opportunities for gold and other precious metals, marking a significant step towards expanding the company's commodity portfolio.
The diversification of Record Resources Inc.'s holdings is further evidenced through its option agreements covering a broad spectrum of properties including the Church North property with 100 claims; the Ferguson Lake property featuring 75 claims; the Church Northwest property consisting of 14 claims; and the U property which comprises 11 claims. These properties, all located in Ontario, represent the company's vested interest in securing and developing viable resources within the province's thriving mining sector.