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YUKON
4-km by 3-km geochemical footprint.
Limited trenching at one location, Saddle,
has returned encouraging results, includ-
ing 8.8 g/t gold over 45 metres and 5.3 g/t
gold over 18 metres. In 2017, prospecting
identified additional gold targets, hosted
in different rock types, thereby increas-
ing the potential for a district-scale,
robust mineralizing system.
Klondike Gold Corp. [KG-TSXV] is
an exploration company that is currently
active in the Yukon's fabled Klondike
Mining District. Backed by Vancouver
financier Frank Giustra, who holds a
14.6% stake in the company, Klondike
Gold has assembled a large property
position in the Klondike fields south of
Dawson City.
Klondike Gold recently commenced
a $2 million 2019 exploration program
on the wholly-owned 563 km
2
Klondike
District property. This year's work is
focused on two key areas: drilling at the
Gay Gulch and Nugget Zones to target
prospective areas of high-grade gold min
-
eralization identified in data collected
from exploration in 2018. The company
is also drilling at the Lone Star Zone to
expand areas of disseminated gold min-
eralization. Drilling is expected to be
completed during August 2019.
Pembridge Resources Plc
[PERE-LSE] bought the Minto cop-
per-gold-silver mine, located 240 km
northwest of Whitehorse, from Capstone
Mining Corp. [CS-TSX]. Pembridge says
it has raised US $10 million to bring the
mine back into production. The company
expects to have the mine operating by the
end of this year.
Rockhaven Resources Ltd.'s
[RK-TSXV] key asset is the wholly-owned
Klaza Project located in the Dawson Range
Gold Belt of southern Yukon. Rockhaven
recently announced an updated resource
estimate for the high-grade Western BRX,
Central BRX, Central Klaza and Western
Klaza zones. The project contains an
indicated resource of 686,000 ounces
of gold and 14 million ounces of silver
(or 907,000 ounces of gold equivalent.
Inferred resources now stand at 507,000
