Yukon Gold Stocks
We are just a few days away from the Dawson Gold Show that is held every year in Dawson City Yukon. The Dawson area of the Yukon has long held the lure of the Klondike not just for independant placer miners but also for a lot of junior companies. Over the years junior mining companies have settled in the Dawson and other Yukon areas to explore for it's hidden treasures of gold.
Over time a lot of these finds have been explored to the point of some of them being almost shovel ready to mine. Companies like Atac Resources ATC developing Canada's only Carlin-type gold district at its 100% owned Rackla Gold Project. The Rackla Gold Project has no underlying royalties or third-party interests. ATAC is well-positioned with approximately $25 million in the treasury.
Kaminak Gold KAM is exploring it's 100% owned Coffee Gold Project, which is a multi-million ounce, high-grade oxide gold district that is amenable to heap leaching. The company has spent $65 million and drilled over 185,000 metres resulting in 16 separate and distinct discoveries and a NI 43-101 Mineral Resource Estimate consisting of an Indicated Resource of 14 million tonnes grading at 1.56g/t Au for 719,000 ounces and an Inferred Resource of 79 million tonnes grading at 1.36g/t Au for 3,434,000 ounces of gold at a base case cut-off of 0.5g/t Au for Oxide and Transitional material and a 1g/t Au cut-off for Sulphide material. With $17 million in cash, 2014 will be another benchmark year for the company as it delivers its first Preliminary Economic Assessment at Coffee and embarks on another aggressive drill campaign.
Further south of Dawson in the Mt. Nanson area is Western Copper WRN which is working on the Casino project. This project is a multi billion tonne deposit of copper and gold. The company is on track to develope a mine with construction starting in 2016.
Further east and south of Dawson in the Mayo area, Victoria Gold VIT is working on the it's Eagle Gold project. This could very well become the largest gold mine in Yukon history. The area of this deposit known as Dublin Gulch hosts the 6.3 M oz Eagle gold deposit (Indicated and Inferred), the Wolf tungsten deposit and a 13 km-long belt of Au and Ag mineralization
This is just a brief overview of what is taking place in the Yukon right now. Summer time is 24 hours of daylight and not a minute of the time is wasted as companies and prospectors are out looking for gold and other minerals.
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