Yukon Territory Canada
by EC
Drill Plays
There is a gold rush in the Dawson area of the Yukon that has been underway for some time. Apparently 26 companies are involved.
It is based on the motherlode concept of the placers in the area, which I have mentioned as a possibility over the years on this an other sites. It seems to be led by Underworld, (UW), Silver Quest (SQI), Kaminak, Newcastle, Alix, Cloudbreak, and a few others. The area is about 70 miles SE of Dawson.
It is called the White Gold area. We are talking 4 grams over 50 metres, and 2 grams over 21 metres in some drill holes by UW and others. Seems like the motherlode concept is alive and well.
"Anomalous gold values are associated with heavily bleached and weathered rock comprised primarily of sericite and quartz. This host rock is heavily altered; however, a progression from fresh felsic augen gneiss can be observed within the trenches. There also seems to be a correlation between high gold values and several pathfinder elements, including arsenic (As), antimony (Sb), molybdenum (Mo), mercury (Hg) and barium (Ba)."
whitegolddistrict.com
Geology and Mineralization
The White Gold District lies within the Tintina Gold Belt (a 200-km-wide, 1,200-km-long arc extending from northern British Columbia into southwest Alaska) and is underlain by rocks of the Yukon-Tanana geologic terrane. The Tintina Gold Belt includes such large gold deposits as Pogo (3.6 M ozs P & P reserves), Fort Knox (3.8 M ounces P & P reserves, 1.7 M ozs M & I resources), True North, Donlin Creek (29.3 M ozs Au Proven & Probable reserves, 6.0 M ozs Au Measured & Indicated resources) and Shotgun.
No one has yet defined a geological model for the White Gold occurrences because the geology of the Underworld discovery is different than other discoveries in the Tintina gold belt. This could be significant because it might mean broad areas that had seen scant attention during past exploration efforts could now become the focus of intensive work programs that have a very real potential for success.
The Underworld discovery properties host multiple styles of gold mineralization including: quartz veins, hydrothermal breccias and disseminated sulphide targets indicated by widespread soil geochemical anomalies. The dominant mineralization at Golden Saddle is quartz, albite and carbonate breccias with low volumes of disseminated pyrite.
At the Arc Zone mineralization is characterized by breccias with a matrix of sulphides including pyrite and arsenopyrite.
Property basement geology consists of five stacked thrust sheets of lower to middle-amphibolite facies Yukon-Tanana schist and gneiss.
There is some consensus that mineralization is probably intrusion related due to elevated Molybdenum numbers and the hydrothermal alteration but no direct connection to an intrusion has been made so far. There is quartz in veins, stockworks and breccias as well as sulphides in what appears to be a linear moderately dipping structure. More drilling and study is needed to develop a geological model of the White Gold discovery.
Area Play
Located in a new emerging gold province in the Yukon Territory Canada, the White Gold area play has the potential to go for several years as field crews are mobilized to the Yukon and news flow will be constant from almost all the companies involved.
Underworld's discovery has sparked a land rush, there are an increasing number of savvy explorers and market players staking whatever land they can get surrounding the discovery area. A select few companies will be buy and hold for drill results and many others will present trading opportunities.
Given very legitimate, and increasing daily, concerns about growing country risk this is an extremely timely article about a truly exciting gold area play. Canada's Yukon Territory is one of the most geologically prospective and pro-mining jurisdictions in the world today.
All the elements of a new area play are here:
1) A spectacular new discovery, with new geology or a twist on old geology
2) A jurisdiction with safe and reasonable tenure.
3) An area amenable to mineral exploration and development.
The White Gold Area Play junior players are gathering for what could be one of Canada's most important gold discoveries. There is huge upside potential in any of these juniors if they make another discovery. One drill hole could send their (and their neighbors) share price soaring. And if there is a new geological model for UW's discovery this would open a whole new chapter in Tintina Gold Belt exploration.
In alphabetical order (after Underworld) here are a few companies that I found very interesting and have singled out. Below these companies is an extensive, but likely not exhaustive, list of the White Gold Area Play juniors.
Underworld Resources (UW.v) - The company who started it all. Low share count, 16,900 hectares of property in the area of their discovery and approximately $16,000,000 in their treasury.
Cariboo Rose (CRB.v) - Has the 4,800 hectare Canadian Creek property 50 km southeast of White Gold. It is optioned out 60:40 with CRB holding 40%. The property has an untested soil gold-arsenic anomaly similar to White Gold. Details of this summer's exploration program are pending. CRB is part of the Eastfield Group and follows the prospect generator model.
Kaminak Gold (KAM.v) - Has three properties totaling 7,680 hectares 27 and 8 km southeast of UW's White Gold property. KAM was the first into the area and have announced an aggressive program totaling at least $500,000 for this year. KAM is part of the Discovery Group and follows the prospect generator model.
Northern Tiger (NTR.v) - Seven Properties totaling 5,244 hectares 65 km southeast of White Gold, Sonora Gulch is their flagship property. Capstone CS.t, owner of the Minto mine, retains back-in rights to acquire a 65% interest in any of Northern Tiger's projects located within a 50 km radius of the Minto Mine that are found to have mineralization amenable to processing in existing Minto Mine facilities. A $1-million dollar program is budgeted for this summer. Capstone owns 13.5% of the issued and outstanding shares of Northern Tiger.
Valley High Ventures (VHV.v) -Valley High acquired the 3,900 hectare Flume property, 30km northwest of UW's White Gold, from Phelps Dodge. It is more advanced than most of the properties optioned by other area players and has had extensive soil sampling done.
Area Play Portfolio
UW.v
PEX.v
ALR.v
CDB.v
MPS.v
NTR.v
HAO.v
AIX.v
MCI.v
HMI.v
NCM.v
SQA.v
ABR.v
NET.v
VHV.v
ALN.v
WER.v
SQI.v
ALN.v
URA.v
CRB.v
KAM.v
ATC.v
ADG.v
Canada's Yukon Territory has a stable geopolitical environment and a tremendous wealth of mineralization. History has proven time and time again that junior exploration stocks can write a very exciting discovery story and reward investors with multiple returns on their capital. It is still very early days in the White Gold Area Play and the greatest rewards lie ahead of us.
Message 25868177
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[that] host multiple styles of gold mineralization including: quartz veins, hydrothermal breccias and disseminated sulphide targets indicated by widespread soil geochemical anomalies.
Like wow, man. multiple styles. hmmm.. I mean, this is big. hydrothermal breccias. disseminated sulfides. widespread anomalies. I just knew there was gold up there. This could be another Hemolloid.
The dominant mineralization at Golden Saddle is quartz, albite and carbonate breccias with low volumes of disseminated pyrite.
It's extremely dominant.
What does albite mean? What does carbonate mean? To me it means there are some intrusives bleaching the rocks related to an as yet unknown fault and porphyry system. Wide carbonate means its hydrothermal sources. What else do they expect in a gold system. Sericite is what you get too. Most gold systems are widespread heat and fault related systems. This is a thrust fault, and they go for miles and miles. This is recent stuff I think, not eons (archean) old. I think the Tintina trench was a really long tectonic break plate junction and strike stip fault with a 400 mile throw. Not small stuff.
At the Arc Zone mineralization is characterized by breccias with a matrix of sulphides including pyrite and arsenopyrite.
Property basement geology consists of five stacked thrust sheets of lower to middle-amphibolite facies Yukon-Tanana schist and gneiss.
Five. Five. Really.
There is some consensus that mineralization is probably intrusion related due to elevated Molybdenum numbers and the hydrothermal alteration but no direct connection to an intrusion has been made so far.
Well they just haven't look hard enough. They are there. Relating the intrusions sometimes is difficult because there are all over, porphyry apophyses from a major tonalite. The asp makes it sound very high temperature.
There is quartz in veins, stockworks and breccias as well as sulphides in what appears to be a linear moderately dipping structure.
More drilling and study is needed to develop a geological model of the White Gold discovery.
Located in a new emerging gold province in the Yukon Territory Canada, the White Gold area play has the potential to go for several years as field crews are mobilized to the Yukon and news flow will be constant from almost all the companies involved.
Underworld's discovery has sparked a land rush, there are an increasing number of savvy explorers and market players staking whatever land they can get surrounding the discovery area.
A select few companies will be buy and hold for drill results and many others will present trading opportunities.
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