Tuesday, November 5, 2024
3:37 PM EST – Yukon Metals Corp. : Provided an update from the 2024 reconnaissance fieldwork on its 715-hectare Star River Project, located 50 kilometres due south of Ross River, Yukon, with all-season road access. In September 2024, Aurora Geosciences of Yellowknife, NWT completed ground-based Gravity and Time Domain Electromagnetic (TDEM) surveys at the Star River property to assist in target definition and support drill hole planning. The TDEM survey was completed over the southern portion of the property over a carbonate rock package. Four prominent conductive zones were identified in the TDEM survey and Maxwell plate modelling. Three zones are coincident with historic mineral showings and 2024 high-grade rock chip samples at Saddle, Canyon/F2, and F3. One zone north of the Saddle showing is in an underexplored area. In addition, a LiDAR DEM (Digital Elevation Model) lineament analysis revealing bedrock structures was conducted by Yukon Metals and is presented with the TDEM and rock geochemical data. Rory Quinn, President & CEO stated, “ We are excited to report multiple compelling targets with strong electromagnetic responses coincident with gold and silver sampling featuring up to 101 grams per tonne gold. These targets are not only strong anomalies, they are large anomalies, and will help focus our exploration efforts to maximize our chances of adding substantial value to the project through drilling.” Yukon Metals Corp. (C.YMC) shares were up 1 cent at 0.4875.
Stocks in Play: Yukon Metals Corp., Tue, 05 Nov 2024 03:42:06 EST