Gold Discovery in Nunavut, But Is There Really Enough Scale?
November 8, 2026
Manhattan Gold’s flagship is the 665 km² Hook Lake project in Nunavut’s Kivalliq region, roughly 133 km northwest of Arviat and 220 km southwest of Rankin Inlet, in the Rankin-Ennadai greenstone belt. The main target is Jaws (historically called Turquetil Lake). It carries a historic estimate from the 1980s of 3.4 Mt at 2.38 g/t gold, which is not JORC compliant. Manhattan bought Hook Lake in July 2025 and drilled it for the first time this year. In this interview, I asked CEO Bay Rezos why Jaws sat untouched for decades and why nobody put the package together before them, whether the project can get permits in Nunavut, and how big it needs to be, as well as timing, money, insider incentives, and risks.
