Yukon Metals Acquires Premium-Quality Berdahl Property Portfolio & Begins Trading as ‘YMC’
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Yukon Metals Acquires Premium-Quality Berdahl
Property Portfolio & Begins Trading as ‘YMC’
Vancouver, B.C., June 3, 2024. Yukon Metals Corp. (CSE: YMC) is pleased to announce the
closing of its transaction to acquire Lapie Mining Inc. from the Berdahl’s private family-owned
prospecting company, 18526 Yukon Inc. See May 30, 2024 closing news release for details. As with
Snowline Gold (SGD), this property portfolio is built on over 30 years of prospecting by the
Berdahl family.
“Completing the acquisition of these high -quality exploration assets in the Yukon marks an
exciting beginning for Yukon Metals” said Rory Quinn, President and Chief Executive Officer.
“We have tremendously exciting properties that we’ll work to responsibly and systematically
advance, from copper-gold and silver-lead-zinc, to precious metals focused assets.
Given my substantial experience in the precious metals royalty and streaming space, I am
very much familiar with the significant value creation potential of byproduct gold and
silver as part of copper-gold and silver-lead-zinc projects.”
“I am honored to lead an experienced and knowledgeable team and look forward to
announcing important appointments and news in the coming days and weeks . With a
healthy treasury after raising in excess of C$15 million, a comprehensive exploration
database and key permits already in place, we are ready to hit the ground running ! I look
forward to building value for all stakeholders as we advance exploration toward discovery.”
About Yukon Metals Corp.
Yukon Metals represents a property portfolio built on over 30 years of prospecting by the
Berdahl family, the prospecting team behind Snowline Gold’s (SGD) portfolio of
primary gold assets . The Yukon Metals portfolio consists primarily of copper -gold and
silver-lead-zinc assets, with a substantial gold and silver component. The Company is led by
an experienced Board of Directors and Management Team across technical, exploration and
finance disciplines.
Yukon Metals is focused on fostering sustainable growth and prosperity within Yukon's local
communities, while simultaneously enhancing shareholder value. Our strategy centers
around inclusivity and shared prosperity, offering both community members and in vestors
the chance to contribute to, and benefit from, our ventures.
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The Yukon
The Yukon ranks 10 th most prospective for mineral potential across global jurisdictions
according to the Fraser Institute and is host to a highly experienced and conscientious local
workforce, created by a long culture of exploration coupled with deep respect for the land.
Recent major discoveries with local roots such as Snowline Gold’s (SGD) Rogue Project -
Valley Discovery, demonstrate the Yukon’s potential to generate fresh district -scale mining
opportunities.
Yukon Metals own s the AZ, Barite Mountain, Birch, Carter Gulch, Clea, Eva, Expo, Faro
North, Fox, Gem, Star River, Nut, Pete, Risby , Talbot claims, and the Venus claims and
crown grants located in Yukon for a total land package of approximately 18,000 hectares.
Figure 1: Project location map
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EXPO
The Expo is located in the Finlayson VMS district near the past producing Wolverine Mine and the
proposed mine, Kudz ze Kayah. The Expo property has geology similar to the nearby Kudz ze Kayah
property and is 4,575 ha in size (Figure 2). Abundant historic data exists, a small 1990’s drill program
intersected volcanic massive sulfide (VMS) mineralization and a property wide electromagnetic and
magnetic airborne geophysical survey was flown in 2014 at 100m line spacing. YMC has been
granted a Class 1 exploration permit to conduct work on the project for the next year.
Figure 2: Expo property location in the Finlayson Volcanic Massive Sulfide district.
AZ
Initial exploration efforts discovered copper and gold mineralization occurs in skarned limestone and
greenstone on the property. The source of auriferous chalcopyrite-bearing magnetite-epidote garnet
skarn occurs in float on the property and has not been fully explored. Rock float assays returned
an average of 10% Cu, 126 g/t Ag, and 7.08 g/t Au from four samples in 1993 1. Much of the
exploration work requires follow -up compilation and new exploration to confirm older results and
expand on the historical soil sampling and ground geophysics that was previously completed on the
property in the 1990's.
1. Assessment report 093101
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BIRCH and TALBOT ARM
The Birch property has seen exploration work in 2011 -2012 with geochemical and geological
mapping. Ryan Gold Corp. took 1271 grid soil samples on the property and reported a gold in soil
anomaly area (Assessment Report 096342).
The target of historic exploration on the Talbot property has been for Cu -Mo-Au porphyry in the
1970's. Recent exploration in 2011 and 2012 (Ryan Gold Corp.) report ed a 4km gold in soil and
talus fines anomaly and float quartzite rock sample #40868 assayed 3.67 g/t Au, 832 g/t Ag and
1800 g/t Cu. Float quartzite rock sample #40870 assayed 3.59 g/t Au and 2170 g/t Cu. 2 The
regional plutonic rocks in this area and extending from Alaska to the southeast have numerous
porphyry minfile occurrences noted in Yukon government d atabases and reports (Fonseca and
Bradshaw, Open File 2005-5).
Both projects are proximal to Burwash Landing and Destruction Bay on the Alaska Highway and are
easily accessible by helicopter from nearby roads. Destruction Bay is 260 km west of Whitehorse.
Figure 3: Birch and Talbot property location, southeast Yukon.
2. Assessment report 096342
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STAR RIVER
Star River project is road accessible with many previously developed trails on the property. There is
an all-weather airstrip nearby. YMC has been granted a Class 1 exploration permit to conduct
work on the project for the next year. The mineralization described to date on the project is
polymetallic veins, carbonate replacement and mantos. There are 16 historical surface showings of
mineralization on the property (Figure 4) . The Lap 10 showing is a vein on surface that has a
surface length of 137 metres and is a fairly continuous band with galena about 30 cm wide.
Historic assays from Silver Key Mines reported a grade of 1200 g/t Ag and 38% Pb on the Lap
10 vein. In the same rocks as the Lap 10 vein, historic reports from the 1960's indicate similar
mineralization present at the K3 showing where three adits were dug in the 1960's, future exploration
work by YMC intends to explore with modern methods to determine any mineralization present in this
area. Drilling has been limited on this project with many prospects seeing minimal exploration work.3
Figure 4: The Star River property with historical showings previously reported.
3. Assessment report 019895 & 019897
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NUT
The Nut property is within the Mayo plutonic belt, the central zone of the Tombstone-Mayo-Tungsten
plutonic belt, Yukon. The project is immediately east of Emerald and Rogue plutons on one of three
separate intrusions. Prospecting and work by Eagle Plains Resources and Canamax Resources
found skarning, contact breccia surrounding the pluton and quartz-sulphide veining on the edges and
within the pluton. 4 Rock samples traversing the pluton, which is in the north center of the property,
found 2.1 g/t Au in sample Nut #26 and 1.77% Cu in sample Nut #10. Mineralization is associated
with accessory elements of bismuth, tungsten and minor base metals.
Sample
ID Au Ag
ppm Cu ppm Pb
ppm
Zn
ppm
As
ppm Bi ppm W ppm
Nut 10 0.42 g/t 6 17716 ppm
(1.77% Cu) - 52 - 1728 32
Nut 18 0.293 oz / t 3.1 1601 25 14 - 3646 49
Nut 19 1.134 g/t - 49 16 31 47 191 23
Nut 22 1.896 g/t Multi-chemistry not assayed Nut 26 2.102 g/t
Table 1 Rock samples on Nut project (Kreft, 1998; AR 093926)
Yukon Metals’ Board of Directors will consist of the following:
Rory Quinn, CEO and Director
Mr. Quinn has over 20 years of capital markets experience in the global mining space and was the
former CEO of E79 Resources Corp. Prior to his CEO role s he was Director, Investor Relations at
Wheaton Precious Metals, previously Silver Wheaton. During his tenure at Wheaton, Mr. Quinn
worked on acquisitions totalling over US$6 billion as the company built its precious metal business.
Mr. Quinn has been involved in the review of hundreds of mining companies and mining assets from
majors to earlier stage developers and explorers in assessing high -quality investment opportunities
around the globe. Prior to joining Wheaton, Mr. Quinn worked in Toronto at Castle Gold, which was
sold along with its flagship, El Castillo Gold mine, to Argonaut Gold. Before switching his focus to the
resource capital markets, Mr. Quinn started his career with the consumer products giant, Gill ette
Company, now Proctor and Gamble.
Patrick Burke, Chair
Mr. Burke is currently a Special Advisor for Capital Markets, Canaccord Genuity Corp. (Canada). He
joined Canaccord in October 2015, serving as Head of Canada Capital Markets, bringing more than
25 years of experience and extensive institutional relationships to his role. Prior to joining Canaccord,
Pat served as Global Head of Equity and Co -Head of Global Investment Banking for Scotiabank. In
that role, he was responsible for oversight of equity sales, trading, research, prime brokerage, equity
capital markets, equity deri vatives and investment banking. Before that he was Managing Director
and Head of Canadian Equities for Merrill Lynch, having held various roles of increasing responsibility
since 2000. From 1990 to 2000, Mr. Burke worked in institutional equity and fixed income for Bank of
Montreal.
4. Assessment report 093926
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Dr. Darryl Clark, Director
Dr. Clark has decades of global exploration and operating experience in the mining industry. Through
his career, Dr. Clark has held a wide range of executive roles across a number of metal and mineral
sectors, with both junior and major mining companies. His experience consists of periods working in
gold, copper, uranium, coal, an d oil sands. Dr. Clark’s precious metal experience started at Great
Central Mines during the period of rapid resource discovery in the 90 ’s that transformed the West
Australian Goldfields. Additional greenfield and project experience was gained at Sunrise Dam Gold
Mine, Ivanhoe Mines Mongolia, Vale and SRK consulting where he was involved in several greenfield
discoveries. Dr. Clark has over 10 years of experience as a Non -Executive Director on ASX & TSX
listed companies. Dr. Clark holds a PhD in Economic G eology from the University of Tasmania and
is currently the Executive Vice President Exploration and Development for IsoEnergy Ltd and the
Non-Executive Chairman for Waratah Minerals Ltd.
Jim Coates, Director
Mr. Coates has spent over two decades conducting mineral and scientific exploration across Canada
and the world. Mr. Coates has completed MSc and PhD -level research in geography specialized in
permafrost, with years spent in the field operating a drilling and geophysics company, as well as
Yukon Geological Survey and independent exploration work in the Klondike Goldfields, which
provided comprehensive exposure to many aspects of the mineral industry. A fascination with
innovative design allowed Mr. Coates to optimize low-impact exploration methods both for clients and
use on his personal mineral properties. Mr. Coates’ experience growing up in small northern
community continues to inform how the social license of resource projects affects their success.
Daniel Vickerman, Director
Mr. Vickerman is a seasoned institutional sales and corporate finance professional with 25 years of
experience in the financial industry, currently acting as Senior Vice President of Corporate
Development, Board member of Blackrock Silver, and Board member of Discovery Silver. He joined
the Board of Discovery in 2019 through the merger with Levon Resources. where he was Board
Chairman. Formerly Mr. Vickerman was Managing Director, Head of UK Edgecrest Capital. Before
joining Edgecrest Capital UK, Mr. Vickerman was Managing Director; Co-Head of Canadian Equity
Sales UK at Canaccord Genuity Corp. Mr. Vickerman has extensive experience working with mineral
exploration and development companies, raising equity for public and private companies during their
exploration and development. Mr. Vickerman spent over 4 years as a London based alternative asset
manager (part of Man Group plc), trading commodities, and foreign exchange.
For more information about Yukon Metals, please contact:
Rory Quinn, President & CEO
Yukon Metals Corp.
Email: [email protected]
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CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION
This news release contains certain forward -looking information, including information about the
incremental release from escrow of the Consideration Shares, the resumption of trading of the
Common Shares and the Company’s future plans and intentions. Wherever possible, words such
as “may”, “will”, “should”, “could”, “expect”, “plan”, “intend”, “anticipate”, “believe”, “estimate”,
“predict” or “potential” or the negative or other variations of these words, or similar words or
phrases, have been used to ident ify the forward -looking information. These statements reflect
management’s current beliefs and are based on information currently available to management
as at the date hereof.
Forward-looking information involves significant risks, uncertainties and assumptions. Many
factors could cause actual results, performance or achievements to differ materially from those
discussed or implied in the forward-looking information. Such factors include, among other things:
risks and uncertainties relating to the incremental release from escrow of the Consideration
Shares; the resumption of trading of the Common Shares; and other risks and uncertainties.
These factors should be considered carefully and readers should not place undue reliance on the
forward-looking information. Although the forward -looking information contained in this news
release is based upon what management believes to be reasonable assumptions, the Company
cannot assure readers that actual results will be consistent with the forward-looking information.
The forward-looking information is made as of the date of this news release, and the Company
assumes no obligation to update or revise the information to reflect new events or circumstances,
except as required by law.