Yukon Gold - YK
Metals Creek acquired through staking, 166 claim units in four separate blocks in the Dawson Range gold district in 2011. Three of the claim blocks are located in the Matson Creek area, proximal to the Matson Creek placer gold camp, and the fourth block is located west of the Yukon River, 40 km north of Kinross Gold’s White Gold property. The claims were staked to cover a number of gold geochemical anomalies, interpreted to be underlain by favorable geology similar to that hosting the recently discovered gold deposits in the White Gold area.
In July 2011, the company initiated an exploration program consisting of prospecting and soil sampling. A total of 924 soil samples were taken on these claim holdings, mainly along “ridge and spur” and contour lines. Five separate gold-in soil anomalies have been defined on the two most western claim blocks near Matson Creek where anomalous values ranged between 10 and 178 ppb Au. These gold trends were the focus of the 2012 program of detailed sampling and prospecting. The work was carried out in August of 2012 and consisted of detailed soil sampling on 100 to 200m (meters) spaced line with soils taken every 25m resulting in a total of 988 samples being collected. The 2012 soil results delineated a strong northwest trending gold plus pathfinder element anomaly located on the Squid East claim block. Anomalous values are remarkably continuous between sample locations with gold ranging from 15 ppb (parts per billion) to 1086 ppb. Associated with the gold assays are strong pathfinder element results which include Ag up to 78.5 parts per million (ppm), Pb up to 4493.5 ppm, As up to 50.9 ppm, Sb up to 241.2 ppm, Ba up to 2370 ppm, and Hg up to 36.32 ppm. The anomaly has minimum dimensions of approximately 450m long by 200m wide and is coincident with a distinct northwesterly trending magnetic low. Several other Au, As and Ba anomalies are also present within this mag low and will require additional follow-up sampling. The strength and size of this newly discovered anomaly is comparable to soil anomalies associated with the recent discoveries in the White Gold District and the associated pathfinder elements are typical of these new discoveries. Metals Creek would also like to thank the Yukon Government for its support of this project through a financial contribution thru the Yukon Mining Incentive Program (YMIP).
Following the 2012 field results, an additional 46 quartz claims have been staked, increasing the Squid East land package and bringing the company’s claim total to 242 claims. These gold in soil anomalies will continue to be evaluated in 2013 and will be the focus of a detailed sampling and trenching program.
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Tintina Gold Belt Map
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Provincial Geology Map
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Property Location
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| Squid East Soils AG | Squid East Soils AU | Squid East Soils HG | Squid East Soils PB | Squid East Soils SB |
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