Yukon Metals Discovers High-Grade Copper Zone in Maiden Exploration Program at the AZ Property
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Yukon Metals Discovers High-Grade Copper Zone in
Maiden Exploration Program at the AZ Property
January 15, 2025 – Vancouver, British Columbia –Yukon Metals Corp. (CSE: YMC, FSE:
E770, OTCQB: YMMCF) (“Yukon Metals” or the “Company”) is pleased to announce results
from its inaugural exploration program on the 11,755 -hectare AZ project, located
approximately 36km south of Beaver Creek, Yukon. AZ is the largest of Yukon Metals’
seventeen properties across 42,500 hectares in the Yukon.
Highlights:
• Yukon Metals discovered extensive surface copper mineralization with values up to
3.49% Cu at Chair Mountain (Figures 1 & 2).
• The Chair Mountain Project, 6km from the Alaska Highway, is part of YMC’s massive
AZ property, encompassing numerous underexplored mineral occurrences (Figure 3).
• Surface sampling identified copper mineralization across a prominent, 1.2km -long
gossan zone of rust-colored, iron-stained rock (Figure 4).
Rory Quinn, President & CEO stated , “Yukon Metals is moving forward with an exciting
phase of exploration, including advancing drilling at AZ’s Chair Mountain and conducting
detailed mapping and sampling to define additional targets. Drilling is planned at three key
projects: the Star River g old-silver property, the Birch copper -gold property, and the AZ
property, which holds significant potential for copper, precious, and critical metals
discoveries.”
AZ
In September 2024, Yukon Metals conducted a helicopter-supported mapping and sampling
program on its AZ property. A prominent zone of orange iron -stained and altered rocks was
followed over 1.2 kilometres on the north and eastern flanks of Chair Mountain. Consistent
copper mineralization was found along the prospected area. Of the sixty rock-chip samples
taken, 18 samples showing significant copper content, assayed from 0.12-3.49%.
Rock-chip samples were collected in quartz veins within basalt and andesite volcanic rocks
in both outcrop and float exposures near the ridge tops. This area is coincident with a major
topographic lineament, mapped regionally as a NW trending fault zone, that extends a further
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kilometer down to Sanpete Creek (a past alluvial gold producer) and the property boundary
to the southeast.
Figure 1- Sample K140202 Grading 3.49% Cu
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Figure 2- Chair Mountain
Figure 3- Oblique View Overlooking Chair Mountain & 2024 Prospecting Location
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Sample Cu % Au ppm Zn ppm Type
K140202 3.49 <0.005 16.10 Float
K140222 1.75 0.01 30.40 Float
K140207 1.22 0.01 40.60 Outcrop
K140272 0.74 0.16 54.80 Outcrop
K140253 0.58 <0.005 27.50 Outcrop
K140267 0.50 <0.005 84.50 Outcrop
K140268 0.42 <0.005 147.00 Outcrop
K140271 0.41 0.01 86.50 Subcrop
K140273 0.39 0.02 81.50 Outcrop
K140252 0.37 <0.005 50.40 Outcrop
K140254 0.36 0.01 17.40 Outcrop
K140274 0.36 0.01 87.80 Subcrop
K140203 0.32 0.02 27.80 Subcrop
K140216 0.23 0.01 19.60 Float
K140220 0.20 0.01 39.80 Float
K140269 0.17 0.01 35.70 Outcrop
K140212 0.14 0.12 5580.00 Float
K140161 0.12 <0.005 85.70 Float
K140204 0.09 0.28 2230.00 Outcrop
K140205 0.03 0.11 3400.00 Outcrop
Table 1- Highlighted significant 2024 rock-chip samples.
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Figure 4- Rock-chip samples showing percent copper at Chair Mountain, AZ Property.
About the AZ Project
Yukon Metals owns 100% of the AZ base and precious metals project located 35km south of
the community of Beaver Creek , Yukon. On behalf of Yukon Metals, prior to closing of the
original property transaction , Ron Berdahl staked the area north of the original AZ claims,
which covered an additional 7,625 ha in 372 additional claims (see NR issued June 12, 2024).
This area covers an additional 4 historic mineral occurrences including Wrangell, California,
Nutzotin, and Chair Mountain, listed respectively by the Yukon Geologic Survey as Porphyry
Cu-Mo-Au, Intrusion Related Au, Skarn Cu, and Polymetallic Vein Hosted Ag-Pb-Zn +/- Au
(Figure 5).
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Figure 5- AZ property map with noted historical mineral occurrences.
Chair Mountain
Limited historical work was completed around Chair Mountain, starting in 1987, where the
initial prospecting program collected only 11 samples (AR 091955). Follow-up work in 1989
within trenches near Sanpete Creek found quartz veining containing sulfides. Sample #62951
from Trench 89-4 in a 25cm-thick vein sample (true width unknown) assayed 51 ppb Au, 5.6
ppm Ag, 1,400 ppm Cu, 8,880 ppm Pb and >20,000 ppm Zn . Overlimit zinc was never
assayed. Sample #62954 from Trench 89-4 assayed 59 ppb Au, 1.2 ppm Ag, 278 ppm Cu,
429 ppm Pb, 13,380 ppm Zn (AR 091955).
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Strongly silicified, argillically altered and limonitic basalt flows are noted along the eastern
side of Chair Mountain along with minor chalcopyrite occurrences to the north. Limited
sampling in 2006 noted rock -chip float samples downstream of the eastern flank of the
mountain returning values up to 0.74 g/t Au. Sampling o f quartz vein float returned 0.40 g/t
Au with copper ranging from 8 to 819 ppm (AR 094599).
Figure 6- Chair Mountain area geology from Israel et. al, 2007 with granite mapping from
AR 094599 and the 2024 Yukon Metals field program.
Nutzotin Showing
The Nutzotin area lies 2.5km northwest of Chair Mountain along strike of a large fault mapped
by the Yukon Geologic Survey in 2007 (Figure 6) Two skarn showings were uncovered in
this area in the late 1960’s which reportedly yielded 10.3% copper and 16.4 g/t silver with
trace gold. Historical chip sampling over three trenches returned variable copper values, with
the best returning 0.6% copper over 12m (AR 095814).
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During a 2006 exploration program, a composite grab sample #RC276270 over a granite
stock northeast of the skarn showings returned significant copper mineralization of 1,485
ppm. Silt sample #TC276691 downstream of the stock returned 0.183 g/t gold (AR 094599).
The stock reportedly shows moderate to strong orange ankeritic alteration and pyritization
with abundant quartz veining, noted as commonly chalcopyrite -bearing. A small exploration
program in 2012 by Strategic Metals uncovered a new mineralized zone on the northern
contact of the stock with soil samples ranging between 134 to 1,105 ppm copper (AR
096422). Limited outcrop exposure, permafrost, and extensive volcanic ash over the soil
profile has previously challenged exploration efforts in this area.
AZ Showing
The AZ occurrence was prospected by Ron Berdahl in the early 1990's while working for
Noranda. Copper mineralization is noted on the AZ occurrence; Rock float assays returned
an average of 10% Cu, 126 g/t Ag and 7.08 g/t Au from four samples in 1993 (YMC press
release June 3, 2024). The author further stated, "anomalous copper gold -bearing skarn
underneath the float showing suggests a local source for the mineralized float on the
property." In this region, small placer operations were active on Sanpete, Pan and Gold
Creeks in the 1930's.
Regional Setting
The AZ property occurs in a similar geologic setting to deposits just across the Yukon-Alaska
border. The Wrangellia Terrane on the Alaska side is host to several unmined porphyry
copper deposits in the Wrangell -St.Elias National Park and Preserve, which occur in or
associated with Cretaceous intrusions. The most notable being the Bond Creek and Orange
Hill deposits. Historical tonnage and grade estimates, reported by the US Geological Survey
(Richter et al., 1975), estimate that the Bond Creek deposit may contain approximately 500
million tons grading 0.3% copper and 0.02% molybdenum, while the Orange Hill deposit may
contain approximately 320 million tons grading 0.35% copper and 0.02% molybdenum.
These historical estimates are not NI 43-101 compliant and should not be relied upon. They
are presented for historical reference and to highlight the prospectivity of the AZ property
with respect to nearby discoveries.