- Yukon Metals found intensive floor copper mineralization with values as much as 3.49% Cu at Chair Mountain (Figures 1 & 2).
- The Chair Mountain Undertaking, 6km from the Alaska Freeway, is a part of YMC’s huge AZ property, encompassing quite a few underexplored mineral occurrences (Determine 3).
- Floor sampling recognized copper mineralization throughout a outstanding, 1.2km-long gossan zone of rust-colored, iron-stained rock (Determine 4).
Rory Quinn, President & CEO acknowledged , ” Yukon Metals is shifting ahead with an thrilling part of exploration, together with advancing drilling at AZ’s Chair Mountain and conducting detailed mapping and sampling to outline further targets. Drilling is deliberate at three key initiatives: the Star River gold-silver property, the Birch copper-gold property, and the AZ property, which holds vital potential for copper, valuable, and important metals discoveries.”
AZ
In September 2024, Yukon Metals carried out a helicopter-supported mapping and sampling program on its AZ property. A outstanding zone of orange iron-stained and altered rocks was adopted over 1.2 kilometres on the north and japanese flanks of Chair Mountain. Constant copper mineralization was discovered alongside the prospected space. Of the sixty rock-chip samples taken, 18 samples displaying vital copper content material, assayed from 0.12-3.49%.
Rock-chip samples have been collected in quartz veins inside basalt and andesite volcanic rocks in each outcrop and float exposures close to the ridge tops. This space is coincident with a significant topographic lineament, mapped regionally as a NW trending fault zone, that extends an additional kilometer right down to Sanpete Creek (a previous alluvial gold producer) and the property boundary to the southeast.
Determine 1- Pattern K140202 Grading 3.49% Cu
Determine 2- Chair Mountain
Determine 3- Indirect View Overlooking Chair Mountain & 2024 Prospecting Location
Pattern | Cu % | Au ppm | Zn ppm | Kind |
K140202 | 3.49 | 16.10 | Float | |
K140222 | 1.75 | 0.01 | 30.40 | Float |
K140207 | 1.22 | 0.01 | 40.60 | Outcrop |
K140272 | 0.74 | 0.16 | 54.80 | Outcrop |
K140253 | 0.58 | 27.50 | Outcrop | |
K140267 | 0.50 | 84.50 | Outcrop | |
K140268 | 0.42 | 147.00 | Outcrop | |
K140271 | 0.41 | 0.01 | 86.50 | Subcrop |
K140273 | 0.39 | 0.02 | 81.50 | Outcrop |
K140252 | 0.37 | 50.40 | Outcrop | |
K140254 | 0.36 | 0.01 | 17.40 | Outcrop |
K140274 | 0.36 | 0.01 | 87.80 | Subcrop |
K140203 | 0.32 | 0.02 | 27.80 | Subcrop |
K140216 | 0.23 | 0.01 | 19.60 | Float |
K140220 | 0.20 | 0.01 | 39.80 | Float |
K140269 | 0.17 | 0.01 | 35.70 | Outcrop |
K140212 | 0.14 | 0.12 | 5580.00 | Float |
K140161 | 0.12 | 85.70 | Float | |
K140204 | 0.09 | 0.28 | 2230.00 | Outcrop |
K140205 | 0.03 | 0.11 | 3400.00 | Outcrop |
Desk 1- Highlighted vital 2024 rock-chip samples.
Determine 4- Rock-chip samples displaying p.c copper at Chair Mountain, AZ Property.
Concerning the AZ Undertaking
Yukon Metals owns 100% of the AZ base and valuable metals undertaking positioned 35km south of the neighborhood of Beaver Creek, Yukon. On behalf of Yukon Metals, previous to closing of the unique property transaction, Ron Berdahl staked the realm north of the unique AZ claims, which coated a further 7,625 ha in 372 further claims (see NR issued June 12, 2024). This space covers a further 4 historic mineral occurrences together with Wrangell, California, Nutzotin, and Chair Mountain, listed respectively by the Yukon Geologic Survey as Porphyry Cu-Mo-Au, Intrusion Associated Au, Skarn Cu, and Polymetallic Vein Hosted Ag-Pb-Zn +/- Au (Determine 5).
Determine 5- AZ property map with famous historic mineral occurrences.
Chair Mountain
Restricted historic work was accomplished round Chair Mountain, beginning in 1987, the place the preliminary prospecting program collected solely 11 samples (AR 091955). Comply with-up work in 1989 inside trenches close to Sanpete Creek discovered quartz veining containing sulfides. Pattern #62951 from Trench 89-4 in a 25cm-thick vein pattern (true width unknown) assayed 51 ppb Au, 5.6 ppm Ag, 1,400 ppm Cu, 8,880 ppm Pb and >20,000 ppm Zn. Overlimit zinc was by no means assayed. Pattern #62954 from Trench 89-4 assayed 59 ppb Au, 1.2 ppm Ag, 278 ppm Cu, 429 ppm Pb, 13,380 ppm Zn (AR 091955).
Strongly silicified, argillically altered and limonitic basalt flows are famous alongside the japanese facet of Chair Mountain together with minor chalcopyrite occurrences to the north. Restricted sampling in 2006 famous rock-chip float samples downstream of the japanese flank of the mountain returning values as much as 0.74 g/t Au. Sampling of quartz vein float returned 0.40 g/t Au with copper starting from 8 to 819 ppm (AR 094599).
Determine 6- Chair Mountain space geology from Israel et. al, 2007 with granite mapping from AR 094599 and the 2024 Yukon Metals subject program.
Nutzotin Displaying
The Nutzotin space lies 2.5km northwest of Chair Mountain alongside strike of a giant fault mapped by the Yukon Geologic Survey in 2007 (Determine 6) Two skarn showings have been uncovered on this space within the late 1960’s which reportedly yielded 10.3% copper and 16.4 g/t silver with hint gold. Historic chip sampling over three trenches returned variable copper values, with the most effective returning 0.6% copper over 12m (AR 095814).
Throughout a 2006 exploration program, a composite seize pattern #RC276270 over a granite inventory northeast of the skarn showings returned vital copper mineralization of 1,485 ppm. Silt pattern #TC276691 downstream of the inventory returned 0.183 g/t gold (AR 094599). The inventory reportedly reveals average to sturdy orange ankeritic alteration and pyritization with considerable quartz veining, famous as generally chalcopyrite-bearing. A small exploration program in 2012 by Strategic Metals uncovered a brand new mineralized zone on the northern contact of the inventory with soil samples ranging between 134 to 1,105 ppm copper (AR 096422). Restricted outcrop publicity, permafrost, and intensive volcanic ash over the soil profile has beforehand challenged exploration efforts on this space.
AZ Displaying
The AZ prevalence was prospected by Ron Berdahl within the early 1990’s whereas working for Noranda. Copper mineralization is famous on the AZ prevalence; Rock float assays returned a mean of 10% Cu, 126 g/t Ag and seven.08 g/t Au from 4 samples in 1993 (YMC press launch June 3, 2024). The writer additional acknowledged, “anomalous copper gold-bearing skarn beneath the float displaying suggests a neighborhood supply for the mineralized float on the property.” On this area, small placer operations have been lively on Sanpete, Pan and Gold Creeks within the 1930’s.
Regional Setting
The AZ property happens in an identical geologic setting to deposits simply throughout the Yukon-Alaska border. The Wrangellia Terrane on the Alaska facet is host to a number of unmined porphyry copper deposits within the Wrangell-St.Elias Nationwide Park and Protect, which happen in or related to Cretaceous intrusions. Probably the most notable being the Bond Creek and Orange Hill deposits. Historic tonnage and grade estimates, reported by the US Geological Survey (Richter et al., 1975), estimate that the Bond Creek deposit could comprise roughly 500 million tons grading 0.3% copper and 0.02% molybdenum, whereas the Orange Hill deposit could comprise roughly 320 million tons grading 0.35% copper and 0.02% molybdenum.
These historic estimates aren’t NI 43-101 compliant and shouldn’t be relied upon. They’re offered for historic reference and to spotlight the prospectivity of the AZ property with respect to close by discoveries.
Determine 7- AZ property in relation to Wrangellia Terrane rocks and Orange Hill/ Bond Creek Historic Deposits.
Methodology
Sampling
Rock samples have been despatched to ALS Minerals for evaluation with pattern preparation in Whitehorse, Yukon and evaluation in North Vancouver, British Columbia.
Samples have been ready by crushing to 70% passing 2mm, 250g break up pulverised higher than 85% passing 75 microns (Prep-31A). Pulp samples have been analysed for 48 components by 4 acid digestion and ICP-MS super-trace evaluation (ME-MS61L). All samples have been analyzed for gold by fireplace assay and AAS with a 50g nominal pattern weight (Au-AA24). Samples over 10,000 ppm Copper have been assayed by methodology Cu-OG62.
Rock samples taken whereas prospecting referenced on this launch are selective in nature and picked up to find out the presence or absence of mineralization and is probably not consultant of the mineralization hosted on the undertaking.
Determine 8- AZ Undertaking Location Map
Certified Individual
The technical content material of this information launch has been reviewed and authorized by Helena Kuikka, P.Geo., VP Exploration for Yukon Metals and a Certified Individual (as outlined by Nationwide Instrument 43-101).
About Yukon Metals Corp.
Yukon Metals is nicely financed and represents a property portfolio constructed on over 30 years of prospecting by the Berdahl household, the prospecting workforce behind Snowline Gold’s portfolio of major gold belongings . The Yukon Metals portfolio consists primarily of copper-gold and silver-lead-zinc belongings, with a considerable gold and silver part. The Firm is led by an skilled Board of Administrators and Administration Crew throughout technical and finance disciplines.
Yukon Metals is targeted on fostering sustainable progress and prosperity inside Yukon’s native communities, whereas concurrently enhancing stakeholder worth. Our technique facilities round inclusivity and shared prosperity, providing each neighborhood members and buyers the prospect to contribute to, and profit from, our ventures.
The Yukon
The Yukon ranks 10 th most potential for mineral potential throughout international jurisdictions based on the Fraser Institute’s 2023 Survey of Mining Corporations and is host to a extremely skilled and conscientious native workforce, fostered by an extended tradition of exploration coupled with deep respect for the land. Latest main discoveries with native roots corresponding to Snowline Gold’s Rogue Undertaking – Valley Discovery, display the Yukon’s potential to generate recent district-scale mining alternatives.
Yukon Metals CORP.
“Rory Quinn”
Rory Quinn, President & CEO
E-mail: roryquinn@yukonmetals.com
For added info please contact:
Kaeli Gattens
Vice President, Investor Relations & Communications
Yukon Metals Corp.
E-mail: kaeligattens@yukonmetals.com
Web site: www.yukonmetals.com
Webinar:
For extra context, please be a part of the Firm in a reside occasion on Thu, Jan 16, 2025, at 11:00 AM PST / 2:00 PM EST . Q&A will observe the presentation.
Click on right here to register: https://6ix.com/event/yukon-metals-exploration-update
CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION
This information launch comprises sure forward-looking info, together with details about the metallic affiliation and geology of the prospect areas on the AZ undertaking, together with Chair Mountain, Nutzotin, Wrangell and California, the accuracy of the copper mineralization, the potential for financial grades of copper, silver and gold, Yukon’s potential to generate recent district-scale mining alternatives, and the Firm’s future plans and intentions. Wherever attainable, phrases corresponding to “could”, “will”, “ought to”, “may”, “count on”, “plan”, “intend”, “anticipate”, “imagine”, “estimate”, “predict” or “potential” or the adverse or different variations of those phrases, or comparable phrases or phrases, have been used to establish the forward-looking info. These statements mirror administration’s present beliefs and are primarily based on info at present accessible to administration as on the date hereof.
Ahead-looking info entails vital dangers, uncertainties and assumptions. Many elements may trigger precise outcomes, efficiency or achievements to vary materially from these mentioned or implied within the forward-looking info. Such elements embody, amongst different issues: dangers and uncertainties referring to Chair Mountain and different properties not being potential copper-rich, gold-rich or silver-rich geological methods; rock samples analysed not being consultant of total mineralization; the required assumptions of accomplished helicopter-supported mapping and sampling packages; not having vital scale and a scarcity of financial grade minerals; the Yukon not having the potential to generate recent district-scale mining alternatives; and different dangers and uncertainties. See the part entitled “Danger Components” within the Firm’s itemizing assertion dated Might 30, 2024, accessible below the Firm’s profile on SEDAR+ at www.sedarplus.ca for added threat elements. These elements ought to be thought-about fastidiously, and readers shouldn’t place undue reliance on the forward-looking info. Though the forward-looking info contained on this information launch relies upon what administration believes to be cheap assumptions, the Firm can not guarantee readers that precise outcomes might be in step with the forward-looking info. The forward-looking info is made as of the date of this information launch, and the Firm assumes no obligation to replace or revise the knowledge to mirror new occasions or circumstances, besides as required by legislation.
References
Davidson, G.,(1987). Evaluation report on the Chair Gold 1-12, 15-18 mineral claims (YA94380-YA94391, YA94392-YA94395), NTS 115-Okay-2 . Ready for G. Harris, Whitehorse Mining District, Yukon Territory. September 1987. AR # 091955
ISRAEL, S., COBBETT, R. and FOZARD, C., 2007. Bedrock geology of the Miles Ridge space, Yukon (elements of NTS 115F/15, 16 and 115K/1, 2) (1:50 000 scale). Yukon Geological Survey, Open File 2007-7.
Mitchell, A., B.Sc. (2012). Evaluation report describing soil and rock geochemical sampling on the Nutz Property, Nutz 1-30 YD110353-YD110382, NTS 115/K02 . Ready for Strategic Metals Ltd. by Archer, Cathro & Associates (1981) Restricted. Whitehorse Mining District, Yukon Territory. February 2012. AR # 095814
Richter, D.H., Singer, D.A., and Cox, D.P., 1975, Mineral sources map of the Nabesna quadrangle, Alaska: U.S. Geological Survey Miscellaneous Subject Research Map MF-655-Okay, 1 sheet, scale 1:250,000.
Schulze, C., B.Sc., (2007). NI 43-101-compliant report on the 2006 exploration program on the White River Nickel Undertaking: ANT, HAND, WENG, RIVER, WR, PIC, and KLUX declare blocks (115K/02, 115F/15, 115F/16) . Ready for Xstrata plc (previously Falconbridge Ltd.) by All-Terrane Mineral Exploration Providers. Whitehorse Mining District, Yukon Territory. February 26, 2007. AR # 094599
Photographs accompanying this announcement can be found at
https://www.globenewswire.com/NewsRoom/AttachmentNg/6461d0b3-96e5-4daa-b9b0-687cec933ebd
https://www.globenewswire.com/NewsRoom/AttachmentNg/c4d92cee-fc7c-4d35-a464-283c38edb915
https://www.globenewswire.com/NewsRoom/AttachmentNg/25034118-2fda-413c-a383-60e60b848a71
https://www.globenewswire.com/NewsRoom/AttachmentNg/7d95bdd4-0f0e-4227-bbfa-ae211d48ce6e
https://www.globenewswire.com/NewsRoom/AttachmentNg/732d693a-0c2d-4f10-a6e4-e8ac2fa9446a
https://www.globenewswire.com/NewsRoom/AttachmentNg/7942bb49-3bfc-4643-9808-2205a2cd62e3
https://www.globenewswire.com/NewsRoom/AttachmentNg/11676797-4bc8-429b-9a32-840dcb66b961
https://www.globenewswire.com/NewsRoom/AttachmentNg/4c6e41b5-43b4-4872-ae47-50f96e04410f
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