Yukon Metals Expands Tungsten Portfolio with Staking of Historic Tummel Tungsten
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YUKON METALS EXPANDS TUNGSTEN PORTFOLIO WITH
STAKING OF HISTORIC TUMMEL TUNGSTEN SHOWING
VANCOUVER, British Columbia, July 8, 2026 (GLOBE NEWSWIRE) – Yukon Metals
Corp. (CSE: YMC, FSE:E770, OTCQB: YMMCF) ("Yukon Metals" or the "Company") is
pleased to announce that it has recently staked the Tummel Tungsten Project ("Tummel"
or the "Project"), covering 3,100 hectares over 150 claims on a high-grade historic
scheelite occurrence in the Yukon. Tummel adds to the Company's district-scale portfolio
of tungsten-skarn projects, including its flagship Risby property (“Risby” or “Risby
Property”) and high-grade historic tungsten showings at its Clea claims.
Highlights
• New Tummel staking: 3,100 hectares over 150 claims cover the historic scheelite
occurrence, where historical grab samples returned values up to 1.56% tungsten trioxide
(“WO₃”).
• Strategic tungsten trend: Tummel is situated at the northwestern end of an
approximately 160 kilometres prospective trend characterized by Glenlyon batholith
intrusives in contact with Cambrian carbonates, with Risby located to the southeast along
the same trend.
• Advanced Risby asset: Risby hosts a 2009 historic, non-National Instrument 43 – 101 –
Standards of Disclosure for Mineral Projects (“NI 43-101”) compliant inferred estimate of
8.5 Mt at 0.475% WO ₃ at 0.2% WO 3 cutoff (see heading “Yukon Tungsten Portfolio” for
more information).
• Broader tungsten portfolio: The Company’s Yukon tungsten assets also include Clea,
where historic drilling reportedly returned high grade intervals up to 1.3 metres grading
7.06% WO₃ and 1.2 metres grading 3.02% WO₃.
“The Tummel claims extend our tungsten footprint along the same geological trend that hosts
Risby, strengthening a portfolio that we are actively advancing,” said the Company’s CEO, Jim
Coates. “With a historic high -grade scheelite sample, favourable skarn geology, and elevated
tungsten stream geochemistry, Tummel consolidates our district -scale tungsten land position in
the Yukon.”
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The Company staked Tummel following a regional review of prospective tungsten targets south
of the Tintina Fault. Tummel is located near the northwestern extent of an approximately 160-
kilometre-long prospective trend defined by Cretaceous intrusive rocks of the Glenlyon Batholith
and related intrusions in contact with Lower Paleozoic carbonate-rich units of the Cassiar terrane.
This geological setting is considered favourable for tungsten skarn mineralization and is
interpreted by the Company to extend southeast toward its Risby Property.
The newly staked claims were selected to cover what the Company believes is the most
prospective portion of the Tummel area, including the Cretaceous intrusive contact with
carbonate units, the historic scheelite occurrence, and nearby elevated tungsten values reported
in regional geochemical survey samples.
Figure 1 - Yukon Metals Tungsten Property Locations
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Figure 2 - Tummel and Risby location in regional prospective tungsten trend
The Project covers a historic tungsten occurrence, originally discovered by prospecting , and
staked as the Bull claims in August 1968 by Union Carbide Corporation. Historic work appears
to have been limited to sampling and preliminary evaluation. Previous reports describe scheelite
mineralization occurring in alternating layers of diopside-garnet skarn and hornfels developed in
Lower Cambrian metasedimentary rocks. The scheelite mineralization is reported to be best
developed near the north contact of a poorly exposed quartz monzonite dyke. Historic grab
samples from an approximately three-metre by two-metre outcrop reportedly assayed 1.56%
WO₃. Associated sulphide content was described as negligible, although the Geological Survey
of Canada noted pyrrhotite zones nearby.
The Company’s initial exploration plans at Tummel are expected to include surface sampling,
prospecting, geological mapping, and evaluation of the intrusive -carbonate contact zones and
associated skarn horizons. The objective of the initial program will be to verify historic results,
assess the extent of scheelite mineralization, and determine whether the mineralized system has
potential for expansion beyond the limited historic exposure.
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Yukon Tungsten Portfolio
Tummel complements the Company’s broader tungsten portfolio, which includes several
tungsten prospects in the Yukon. These properties occur in prospective intrusive and
carbonate/metasedimentary settings, although they are not all interpreted to form part of the
same geological belt as Tummel.
The Company’s most advanced tungsten property is Risby, located approximately 50 kilometres
southwest of Ross River. Risby consists of 43 claims covering approximately 900 hectares and
hosts Cretaceous intrusion -proximal skarn mineralization. Historical exploration completed
between the 1970s and 2008 reportedly included 59 drill holes totaling approximately 9,468
metres. A historical mineral resource estimate was reportedly prepared for the Risby Property by
Wardrop in 2007, followed by a 2009 estimate completed by PEG Mining Consultants, which
reported an inferred mineral resource of 8.5 million tonnes grading 0.475% WO₃ at a 0.2% WO₃
cut-off. The 2009 estimate was not constrained by an optimized pit shell or other mining
constraints and may not satisfy current requirements for reasonable prospects for eventual
economic extraction. A Qualified Person ha s not done sufficient work to classify the historical
estimate as a current mineral resource, and the Company is not treating the historical estimate
as current. Additional work, including verification drilling such as twinning selected historical drill
holes, data validation, and updated resource modelling, would be required before the historical
estimate could be upgraded or reported as a current mineral resource.
The Company’s Clea claims are located in the Selwyn Basin, approximately 35 kilometres
southeast of the North Canol Road, and 55 kilometres south of Fireweed Metals Corp.’s MacTung
tungsten project. The property hosts two known siliceous tungsten skarn showings and has seen
historic exploration by the Hudson Bay Mining and Smelting Company and Placer Dome Inc.,
who identified tungsten mineralization while exploring for lead-zinc mineralization.
Historic reports describe a felsic intrusion at Clea, folded calc -silicate skarn horizons, and
tungsten-bearing skarn mineralization occurring as sulphide -rich pods and calc -silicate beds.
Historic drilling in the broader Clea area reportedly totalled approximately 82 drill holes and 8,500
metres, including 46 drill holes identified on the Company’s claims from historic maps. Reported
available historic drill intercepts include 1.3 metres grading 7.06% WO ₃, 1.2 metres grading
3.02% WO₃, and 0.4 metres grading 2.03% WO₃. No recent work has been recorded.
The Company’s Fox claims are located approximately 40 kilometres west of Ross River and six
kilometres east of Risby. Fox consists of 80 claims covering approximately 1,670 hectares and
is interpreted to have geology similar to Risby, including numerous Cretaceous quartz -feldspar
porphyry dykes. Historic sampling reported lead -zinc, silver, and gold values in float boulders
across the property. The Company believes Fox has potential for tungsten skarn mineralization
similar to Risby, although it has not been systematically explored for tungsten.
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The Eva claims are located approximately 53 kilometres west of Ross River and 9 kilometres
north of Risby. The two non-contiguous claims straddle the contact between a Cretaceous quartz
monzonite stock and Cambrian sedimentary rocks. Historic sampling in 1979 reportedly identified
weakly mineralized skarn containing finely disseminated scheelite and trace chalcopyrite in
pyrrhotite lenses up to 30 feet long and two to five feet wide. No recent work has been recorded.
The Gem claims are located approximately 10 kilometres east -southeast of Clea and was
originally staked in 1982 based on anomalous tungsten results from heavy mineral sampling.
Historic reports indicate that a Mayo Suite granodiorite pluton cuts through the eastern half of the
claim block, with hornfelsing extending approximately 100 metres from the intrusion contact.
Scheelite was noted in skarn float along the western margin of the intrusion. The only recorded
work consists of a 1984 sediment sampling program.
The Company cautions that mineralization at Risby, Clea, Fox, Eva, Gem, or any other regional
prospect is not necessarily indicative of mineralization at Tummel. However, the presence of
multiple tungsten prospects within the Company’s portfolio highlights the broader opportunity to
evaluate underexplored tungsten skarn systems in Yukon.
Tungsten is classified as a critical mineral in many jurisdictions due to its importance in industrial,
defence, energy, mining, and technology applications. The metal is valued for its high melting
point, hardness, density, and use in wear -resistant materials, alloys, electronics, and specialty
manufacturing.
Historical Results and Historical Estimate
The historical sampling, drilling, and resource information referenced in this news release is
historical in nature and has not been independently verified by the Company. The Company has
not completed sufficient work to confirm these historical results or historical estimates, and they
should not be relied upon until verified through modern exploration.
The historical estimate for Risby is considered relevant because it provides an indication of the
potential scale and grade of mineralization historically reported at the Risby Property. However,
the estimate is not compliant with NI 43-101, and a Qualified Person (as defined by NI 43-101)
has not completed sufficient work to classify the historical estimate as a current mineral resource.
The Company is not treating the historical estimate as a current mineral resource.
Grab samples are selective by nature and are not necessarily representative of mineralization on
the relevant property. Drill intercepts reported for Clea are based on historic records and may not
represent true widths.
About Yukon Metals Corp.
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Yukon Metals is a well -financed exploration company with a 19 -project portfolio covering more
than 62,000 hectares. Built on over 30 years of Berdahl family prospecting, the same team behind
Snowline Gold Corp.’s district-scale assets, Y ukon Metals provides exposure to copper, gold,
silver, and critical metals. While advancing high -priority drill targets at the Birch and AZ copper -
gold systems, the Company is also conducting generative exploration across its broader portfolio
to develop the next pip eline of discovery opportunities. Guided by an experienced leadership
team with technical, financial, and Yukon expertise, the Company is well positioned to unlock
new mineral discoveries across the Yukon territory. Yukon Metals is committed to fostering
sustainable growth and prosperity within Yukon’s local communities, while also enhancing
shareholder value. Rooted in a philosophy of inclusiveness and shared prosperit y, the
Company’s strategy seeks to offer both local community members and investors the opportunity
to contribute to and benefit from its success.
The Yukon
The Yukon Territory is an underexplored and minerally endowed district with a mining history
dating back to the Klondike Gold Rush of 1898 , a progressive permitting regime, geopolitical
stability, and a supportive government . The Yukon is host to a highly experienced and
conscientious local workforce, fostered by a long culture of exploration coupled with deep respect
for the land. Recent major discoveries with local roots such as Snowline Gold Corp.’s Rogue
Project - Valley D iscovery, demonstrate the Yukon’s potential to generate fresh district -scale
mining opportunities.
Qualified Person
The technical content of this news release has been reviewed and approved by Helena Kuikka,
P.Geo., VP Exploration for Yukon Metals and a Qualified Person (as defined by NI 43-101).
“ON BEHALF OF THE BOARD OF YUKON METALS CORP.
“Jim Coates”
Jim Coates, CEO
Email: [email protected]
For additional information, please contact:
Lindsay Wilson
VP, Investor Relations & Communications
Email: [email protected]
Phone: 1 (778) 996-2192
CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION
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This news release contains certain forward-looking information, including information about the
geology and prospectivity of the Company’s Tummel and Risby properties, and Clea, Fox, Eva
and Gem claims; the Company’s interpretation of a prospective tungsten-skarn trend associated
with Cretaceous intrusive rocks and Lower Paleozoic carbonate-rich units of the Cassiar terrane;
the potential for skarn-hosted tungsten mineralization at Tummel and other regional prospects;
the significance of historical explorat ion results, estimates, sampling, drilling and geological
observations; the Yukon’s potential to host underexplored tungsten skarn systems; the
Company’s future exploration plans and intentions, which initial exploration plans at Tummel
include surface sam pling, prospecting, geological mapping, and evaluation of the intrusive -
carbonate contact zones and associated skarn horizons; and the ability of the Tummel
exploration plans to verify historic results, assess the extent of scheelite mineralization, and
determine whether the mineralized system has potential for expansion beyond the limited
historic exposure. Wherever possible, words such as “may”, “will”, “should”, “could”, “expect”,
“plan”, “intend”, “anticipate”, “believe”, “estimate”, “interpret”, “prosp ective”, “ favourable”,
“potential” and similar expressions have been used to identify 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 factor s include, among other
things: risks and uncertainties relating to Tummel, Risby and other properties not being
prospective tungsten-rich, copper-rich, gold-rich or silver-rich geological systems; assumptions
that historical results at Tummel, Risby and other properties can accurately predict future areas
of mineralization ; the Company’s ability to complete initial exploration plans at Tummel; the
Yukon not having the potential to generate fresh district -scale mining opportunities; and other
risks and uncertainties. See the section entitled “Risk Factors” in the Company’s listing
statement dated May 30, 2024, available under the Company’s profi le on SEDAR+ at
www.sedarplus.ca for additional risk factors. 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 managemen t
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.