Issue link: http://resourceworld.uberflip.com/i/807573
A P R I L / M A Y 2 0 1 7 www.resourceworld.com 17 Underworld was bought out by Kinross Gold [K-TSX, KGC-NYSE] in 2010. These developments help bring clarity to why the Fraser Institute's latest mining survey ranked Yukon as the world's number 1 jurisdiction for mineral potential and num- ber 9 for investment attractiveness. Yes, Yukon has had challenges; however, the territory still offers plenty of opportu- nities for significant mineral discoveries. Some Yukon juniors to watch are: Victoria Gold [VIT-TSXV] whose Dublin Gulch property is the future home of the Eagle Gold Mine, expected to soon start construction. The mine is projected to produce 200,000 ounces of gold per year for 10 years from a resource of 6.3 million ounces of gold in the indicated and inferred categories. See Victoria Gold article on page 6. Golden Predator Mining [GPY-TSXV] just completed a $17.25 million bought deal financing. Recently they released assay results from their 100%-owned 3 Aces property of 32.86 g/t gold drilled over 7.54 metres close to surface. Eric Sprott owns close to 10% of the shares outstanding while McEwen Mining owns 5.75%. Goldstrike Resources [GSR-TSXV] intersected 17.5 metres of 13.25 g/t gold on their flagship, Plateau South Project. The company has entered into a strategic alliance with Newmont Mining Corp. [NEM-NYSE] to generously fund further exploration. ATAC Resources [ATC-TSXV] has about $14 million in cash with a budget of $10 million to be spent on their 100%-owned Rackla Gold Project this year where drill highlights include 61.29 metres of 2.75 g/t gold. On the smaller cap front, Zonte Metals [ZON-TSXV] last November acquired 100% of the McConnells Jest Project in the Tintana Gold Belt. The property is adjacent to Victoria Gold's, Dublin Gulch Project (Eagle Mine). Prospecting has iden- tified five bedrock target areas containing gold mineralization in similar geology to the Dublin Gulch. One of the target areas, the Two-Four Zone, hosts a series of high density auriferous quartz and scorodite veins. The veins generally assay at 4 to 41 g/t gold and are spaced out at one vein per metre. Comparatively, on Victoria's Dublin Gulch, veins in similar rock type are every 20 or 30 metres. Eureka Resources [EUK-TSXV] has added two Yukon properties to their hold- ings. The Luxor Project consists of 360 claims located about 70 km southeast of Dawson City and the TAK property, 82 claims covering an approximate area of 1,695 hectares about 20 km northeast of Goldcorp's Coffee project. Stakeholder Gold Corp. [SRC-TSXV] is exploring its 100%-owned Ballarat gold property 120 km southeast of Dawson City in the White Gold District. Results have enlarged the Eastern Zone target area. Two float rock samples from this zone returned 0.759 g/t and 0.587 g/t gold. A grab sample taken from a trench at the Northwest Zone ran 1.492 g/t gold. Western Copper and Gold Corp. [WRN-TSX, NYSE MKT] is at the permit- ting stage for its 100%-owned Casino porphyry copper-gold-silver-moly project 300 km northwest of Whitehorse. Reserves total 4.5 billion lbs copper and 8.9 million oz gold, plus inferred resources. The open pit project would have a 22-year mine life. NPV (@8%) is US $1.83 billion after-tax with a 20.1% IRR after-tax. n The above article was written by Barry Muir who is a registered Investment Adviser with Haywood Securities Inc. a Canadian based independent, full ser- vice investment firm and member of the Canadian Investor Protection Fund. The article is for informational purposes only and is neither a solicitation for the pur- chase of securities nor an offer of securities. Readers of the article are expressly cau- tioned to seek the advice of a registered investment advisor and other professional advisors, as applicable, regarding the appropriateness of investing in any securi- ties or any investment strategies, including those discussed above. The information contained in the reports have been compiled from sources Haywood believes are reliable; however, Haywood makes no guarantee, representation or warranty, expressed or implied, as to such information's accu- racy or completeness. The views expressed are those of the author and not necessar- ily Haywood Securities Inc. All opinions and estimates contained in the reports are based on assumptions the author believes to be reasonable as of the dates of the reports but are subject to change without notice. Either the author, Haywood Securities Inc. or its employees may from time to time hold or transact in the securities mentioned. Barry can be reached at (604) 697-6172 or bmuir@haywood.com