Yukon Metals Advances Exploration with New Copper Discovery
Yukon Metals Makes Significant Strides with New Copper Target
Yukon Metals Corp. (CSE: YMC, FSE: E770, OTCQB: YMMCF) has recently made headlines by identifying a new copper target at its expansive AZ Project. This project spans an impressive 13,110 hectares and is located near key geographical features that enhance its exploration potential. To further accelerate its operations, the company has successfully mobilized a second drill rig, aimed at exploring this newly identified zone, which is situated about 4 kilometers southeast of their current drilling sites.
Highlights of the New Discovery
Here are some key points regarding this latest development:
- Mobilization of a Second Drill Rig: The second drill rig will focus on the newly defined copper target.
- Expansion of Claims: The increase of the AZ property from 11,755 hectares to 13,110 hectares enhances its viability.
- Systematic Fieldwork: Comprehensive fieldwork led to the generation of this target, highlighting the geological complexity of the area.
- Hydrothermal System Exploration: Simultaneous exploration across multiple targets in a prospective hydrothermal system is now underway.
Exploration Insights from the Company’s Leadership
Rory Quinn, the President and CEO of Yukon Metals, expressed enthusiasm about the mobilization of the second rig, which aligns with their exploration strategy for this vast, underexplored hydrothermal system. This effort is crucial as they gather more insights to fully realize the copper potential of their new target area. With two rigs operating concurrently, the company is positioned to drill in multiple high-priority zones, thereby maximizing their exploratory outcomes.
Geological Context of the New Target
The target itself is characterized by intrusive rock formations that exhibit potassic alteration and contain visible chalcopyrite mineralization. Observations from the field suggest that this alteration zone, which spans roughly 2 square kilometers, might represent a higher-level expression of a porphyry copper system. Geochemical datasets indicate that the surrounding drainage has a high potential for copper porphyry mineralization, akin to those deposits already known within the region.
Engagement with Local Contractors
An important aspect of Yukon Metals' operations is their commitment to engaging local contractors. The construction of drill pads at the AZ Property involved Minconsult in collaboration with local First Nation-owned Vision Quest Drilling. Moreover, helicopter support is provided by Yukon-based Capital Helicopters, along with contracting drilling services from Platinum Drilling.
Recent Activities at the AZ Project
September activities highlighted the company’s intensified focus on exploring the AZ property further. Their helicopter-supported mapping and sampling programs revealed prominent zones of mineralization. Notably, copper mineralization was consistently documented across the area, with some samples showing appreciable copper content ranging from 0.12% to 3.49%. Such findings underscore the presence of significant geological features in the region that may contribute to the formation of major porphyry copper deposits.
Company Overview
Yukon Metals is recognized as a well-capitalized exploration company, drawing on over 30 years of extensive local experience from the Berdahl family. Their diverse portfolio includes copper-gold and silver-lead-zinc properties with a strong commitment to sustainable practices and community engagement. With an experienced management team at the helm, Yukon Metals is poised for growth, prioritizing both community prosperity and shareholder value.
Frequently Asked Questions
What recent developments has Yukon Metals announced?
Yukon Metals has announced the identification of a new copper target at the AZ Project and the mobilization of a second drill rig to explore this area.
How large is the AZ Project?
The AZ Project encompasses approximately 13,110 hectares as a result of recent expansions to the property.
What geological features characterize the new target?
The new target is defined by features such as potassic alteration and visible chalcopyrite mineralization, indicating potential for porphyry copper systems.
Who are Yukon Metals’ local partners?
The company collaborates with local First Nation-owned contractors for various support services, fostering community involvement in their operations.
What is Yukon Metals’ commitment to sustainability?
Yukon Metals aims to promote sustainable growth and enhance shareholder value while ensuring local communities benefit from their operations.
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