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Almost exactly two years ago I was on the Yukon Mining Alliance Media Tour and went to the Victoria Gold (V.VIT) Dublin Gulch Eagle Mine project, 80 bumpy kilometres from Mayo, Yukon. There, VP Exploration, Paul Gray took us on a tour of the proposed mine site. There were some roads bulldozed out of the bush, drill collars, a large camp which was somewhat empty and a vision. John McConnell’s vision of a 200,000 ounce per year gold mine.
I am just finishing writing up my interview with John McConnell, CEO of Victoria Gold (VIT). As an aside in this interview, I complimented John on the excellent update videos he has been posting as the Eagle Mine goes forward. I kidded him about the fact that “the explosions” were the best part.
White Gold Corp’s (V.WGO) exploration and geological team led by legendary Yukon prospector, Shawn Ryan, and quarterbacked by VP Exploration, Jodie Gibson, is already in the field and as CEO David D’Onofrio said in a recent interview with MotherlodeTV: “This season is our most exciting yet and we are well underway.”
There are huge advantages to a brownfield project. Past producing mines come with a valuable legacy of geological and engineering data that is backed by production numbers and, sometimes, leftover mineralization. On the Chimo Mine project this is the case since the mine was closed due to weak gold prices and not lack of mineralization. Factor that in with underground infrastructure that can be readily rehabilitated and it becomes a manageable challenge to prove up the “blue sky”. That’s what Cartier Resources (V.ECR) has been up to in the last two years.
Cartier Resources Inc. (TSX-V: ECR) reports it has purchased from Louvem Mines Inc. a 2% NSR (Net Smelter Return) royalty for the Chimo Mine property, located 45 km east of Val-d’Or, in consideration for a purchase price of CDN $350,000.
White Gold Corp. (TSX.V: WGO, OTC – Nasdaq Intl: WHGOF, FRA: 29W) (the “Company”) is pleased to announce it has commenced its 2019 diamond drill program on two of its highest priority properties: the JP Ross and White Gold properties. The diamond drill program is a central component of the Company’s $13 million fully funded 2019 exploration program backed by partners Agnico Eagle Mines Limited (TSX: AEM, NYSE: AEM) and Kinross Gold Corp (TSX: K, NYSE: KGC).
Marathon Gold Corporation (“Marathon” or the “Company”)
Cartier Resources Inc. (TSX-V: ECR) (“Cartier”) reports drill results grading 5.6 g/t Au over 8.5 m including 9.9 g/t Au over 3.0 m and 8.3 g/t Au over 2.5 m. These intersections are hosted within in a mineralized envelope over 27.8 m grading 2.5 g/t Au in Zone 5M4 of the Chimo Mine property, located 45 km east of Val-d’Or (FIGURE).
Aben Resources Ltd. (TSX-V: ABN) (OTCQB: ABNAF) (Frankfurt: E2L2) (“Aben” or “the Company”) is pleased to announce, further to its news releases on May 23rd and June 6th, it has commenced drilling at its 100% owned Justin Gold Project located in the Eastern Yukon and adjacent to Golden Predators Three Aces Project. The 2019 exploration program at Justin will entail 1350 meters of diamond drilling and 600 meters of Rotary Air Blast drilling (“RAB”), along with prospect generating field work. This program should take 3-4 weeks to complete which will coincide with the commencement of drilling at the Forrest Kerr Project. This year, the Company plans to extend its drilling season one month by initiating this 2000-meter drill program at the Justin Gold Project prior to commencement of drilling at its Forrest Kerr Gold Project located in BC’s Golden Triangle region.
White Gold Corp. (TSX.V: WGO, OTC – Nasdaq Intl: WHGOF, FRA: 29W) (the “Company”) is pleased to announce an update to its Mineral Resource Estimate on the White Gold property located in Yukon, Canada. The update was performed based on the results of the Company’s 2018 exploration program exploration plan backed by our partners Agnico Eagle Mines Limited (TSX: AEM, NYSE: AEM) and Kinross Gold Corp (TSX: K, NYSE: KGC).