The mining newspaper for Alaska and Canada's North

Yukon Metals begins unlocking Star River

North of 60 Mining News - July 19, 2024

New mineral exploration company's initial fieldwork uncovers promising mineralized outcroppings at silver project.

Yukon Metals Corp. July 17 announced the start of reconnaissance fieldwork at its recently acquired Star River project in Yukon, Canada, where initial exploration has already located new mineralized outcroppings and identified promising areas of interest previously unmapped.

Acquiring a substantial portfolio of properties in late May from the Berdahl family's private prospecting company, 18526 Yukon Inc., Yukon Metals has jumped on the mineral exploration scene with a deluge of projects in one of the most prospective jurisdictions in the world.

Similar to the development of Snowline Gold's portfolio, Yukon Metals' land package represents a portfolio of 17 properties – AZ, Bar, Birch, Carter Gulch, Clea, Eva, Expo, Faro North, Fox, Gem, Star River, Nut, Pete, Risby, Talbot, and Venus – built over 30 years of prospecting by the Berdahl family.

With this 18,000-hectare (44,478 acres) portfolio hosting a suite of critical minerals, including zinc, barite, arsenic, bismuth, tin, molybdenum, tungsten, antimony, and copper, Yukon Metals boasts a diverse portfolio at various stages of development, from large greenfield opportunities to established deposits.

Initial work has focused on Star River, a 716-hectare (1,769 acres) project located approximately 50 kilometers (31 miles) south of Ross River and accessible by road from the Robert Campbell Highway and Ketza Mine Road.

Known for its polymetallic carbonate replacement mineralization and quartz-sulfide veins, Star River was first discovered in the 1950s. The nearby Ketza Mine, operational from the 1980s to the early 2000s, produced approximately 340,000 ounces of gold, along with significant quantities of silver, copper, and lead.

Moving quickly to understand its new holdings, Yukon Metals' initial fieldwork at Star River included geological mapping and surface sampling. This preliminary work identified several zones of polymetallic mineralization, including previously unmapped outcroppings of quartz-sulfide veins, setting the stage for focused follow-up exploration.

Building on these initial findings, Yukon Metals plans to conduct a series of geophysical surveys, including gravity and electromagnetic (EM) surveys, to further delineate the mineralized zones. Detailed geological mapping and geochemical soil sampling will occur concurrently to refine the understanding of the mineralization and guide future drilling programs.

The company has partnered with Vision Quest, a Yukon First Nations-owned exploration contractor, to prepare the ground for an upcoming surface geophysical program. This includes a recently completed drone lidar topographic survey and an upcoming gravity geophysics survey to identify dense, metalliferous (metal-bearing) drill targets.

"We are hugely encouraged by the extensive surface exposure of mineralization found at Star River as well as new areas of interest in the southern part of the property that have seen little to no previous exploration," said Yukon Metals President and CEO Rory Quinn. "The LiDAR survey will provide enhanced ground visibility of the whole property while the upcoming gravity survey will explore for dense drill targets."

By leveraging historical data and modern exploration techniques, Yukon Metals aims to unlock the full potential of the Star River project, contributing to the sustainable growth and prosperity of Yukon's local communities while enhancing shareholder value.

 

Reader Comments(0)

 
 
Rendered 10/13/2024 07:35