Saturday, July 22, 2017

Yukon's White Gold district garners attention

Taku Gold Corporation (TAK.c) purchased four Yukon properties from Golden Predator Mining Corp (GPD.v) this week. Three of the properties are southwest of Dawson City in the White Gold district, and one, the 40 Mile project, is northwest of Dawson City. The president of Taku, Zachery Dingsdale, calls the purchases "strategic". Golden Predator plans to focus on its Three Aces property in southeast Yukon, two and a half hours northeast of Watson Lake. The White Gold district lies within the Tintina Gold Belt- a 200 by 1,200-kilometre arc that stretches from Northern B.C. to Southwest Alaska. It has estimated gold resources of 69.2 million ounces and contains large gold deposits like the Pogo, Fort Knox and True North.
Agnico Eagle Mines (TSX,NYSE:AGM) grabbed a significant land position in the White Gold area late last year and Goldcorp plans to build a road from Dawson City to its advanced Coffee project. Underworld Resources was purchased by Kinross Gold (TSX:K,NYSE:KGC) in 2010.