Yukon Metals Samples Bonanza Grade Gold, up to 3 oz/ton, and up to 57 oz/ton Silver from Multiple Areas at Star River
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Yukon Metals Samples Bonanza Grade Gold, up to 3 oz/ton,
and up to 57 oz/ton Silver from Multiple Areas at Star River
Vancouver, B.C., October 1, 2024. Yukon Metals Corp. (CSE: YMC, FSE: E770 , OTC:
YMMCF – the “Company” or “Yukon Metals”), is pleased to provide an update from ongoing
reconnaissance fieldwork on its 715-hectare Star River Project, located 50 kilometres (“km”)
due south of Ross River, Yukon, with all-season road access.
The second batch of results of the prospecting program include assays for an additional 100
samples of 175 samples taken to date (Figures 6-7). Samples in this release were taken near
historic F2, F3, Saddle, FLT, Canyon and Gem showings. Significant gold and silver values
were returned, including 3 ounces per ton Au (oz/ton) or 101 grams per tonne Au (g/t) from
F2 (Table 1), multiple samples ranging from 1.62 up to 9.35 g/t Au at Saddle (Table 2), and
9.74 g/t Au near FLT (Table 4). Elevated silver was found in several samples at F2 and F3,
including 1,935-1,940 g/t Ag at F2 and 1,790 g/t Ag at F3. In addition, an overlimit assay of
sample K140057, described in the news release dated September 10, 2024, contains 10,936
g/t Ag (319 oz/ton Ag) from a new mineralization occurrence on the property.
Rory Quinn, President & CEO stated , “Yukon Metals has now sampled bonanza grade
silver and bonanza grade gold on the same property, at Star River! Not only have we
sampled 319 ounces per ton silver (~4oz/t on gold equivalent), we have now sampled 3
oz/ton gold! As shown in Figures 6-7, high grade silver and gold have been sampled from
multiple areas across this 715-hectare property, in m ost cases, areas that are many
hundreds of meters apart. These ongoing results are a culmination of the fantastic work done
by our technical team this field season, and there is more to come!”
The field portion of the exploration program has now been completed, including mapping,
prospecting, and ground geophysics, including TDEM and gravity surveys. Data processing
and map compilation is ongoing with further rock samples from the prospecting survey still
pending analysis. Upcoming samples are expected in several areas on the northern portion
of the claim block.
Vision Quest, a Yukon First Nations-owned exploration contractor working closely with Yukon
Metals, has successfully commissioned and now closed and moved out the temporary 10 -
person camp on the claims as permitted under a Class 1 Notification.
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F2 and Canyon Showings
The F2 and Canyon showings are located near a closed adit that was drifted in the late 1960s.
Mineralization taken from nearby outcrop is hosted within a variably oxidized quartzite unit
approximately 12m wide and consists of silver and gold hosted in galena-sphalerite bearing
veins and quartz-arsenopyrite veins. Elevated gold mineralization was found 200m south of
the F2 showing including samples assaying 101 g/t Au and 1.69 g/t Au in highly oxidised
arsenopyrite-scorodite float.
Table 1- Highlighted samples taken near the historic F2 and Canyon showings.
Sample Au g/t Ag g/t As ppm Cu ppm Pb ppm Sb ppm Zn ppm Type
K137062 0.02 1,940 179 26 >200,000 1,935 12 Outcrop
K137063 0.14 1,935 177 23 >200,000 1,845 32 Float
K137066 101.00 52 >10,000 219 842 314 26 Float
K137067 1.69 8 >10,000 78 739 66 43 Float
K140003 0.10 1,450 101 403 >200,000 2,090 21 Float
K140010 0.05 287 52 43 >200,000 307 2 Float
K140014 3.26 538 9,020 307 >200,000 1,980 915 Float
K140016 1.06 578 1,270 266 >200,000 8,000 5 Outcrop
K140042 0.75 627 2,710 343 >200,000 >10,000 83 Outcrop
K140043 0.08 1,285 421 45 >200,000 1,490 24 Outcrop
K140044 0.29 379 1,880 38 171,500 2,940 58 Outcrop
K140048 0.96 18 3,870 48 3,940 267 41 Outcrop
K140050 0.97 3 1,935 9 349 95 22 Outcrop
K140104 1.70 5 3,900 14 780 67 22 Outcrop
K137095 0.43 7 921 15 2,050 48 135 Outcrop
K137097 0.41 6 4,900 400 576 107 64 Outcrop
K137098 0.83 449 6,300 135 >200,000 2,700 50 Vein
K137099 0.94 11 8,000 130 3,470 479 71 Outcrop
K137100 2.28 35 9,400 205 13,050 633 50 Outcrop
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Figure 1- Samples taken near historic F2 showings, Au g/t.
Saddle Showing
The Saddle showing was first prospected in 1986. Three holes were subsequently drilled
and intersected mineralization hosted in oxidized veins. In 1987 manto style
mineralization was exposed over a surface area of 34 by 4 meters. Samples taken by
Yukon metals of oxidized vein material in the area assayed up to 9.35 g/t Au with
associated elevated As, Pb, Sb, Zn. Chip samples across a highly oxidized exposure in
the southern part of the Saddle area showed consistent gold mineralization over the 20m
sampling length.
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Table 2- Highlighted samples taken near the historic Saddle showing.
Sample Au g/t Ag g/t As ppm Cu ppm Pb ppm Sb ppm Zn ppm Type
K140107 3.03 103 >10,000 3,470 1,540 1,425 1,770 Float
K140109 2.52 22 6,610 146 7,640 354 18 Subcrop
K140110 0.95 9 3,320 33 3,070 93 33 Subcrop
K140111 0.65 21 2,970 60 8,800 114 29 Subcrop
K140112 1.62 7 3,610 128 1,625 103 38 Subcrop
K140114 1.86 18 3,930 220 2,480 283 95 Subcrop
K140115 2.03 29 3,880 363 1,765 435 47 Subcrop
K140117 6.82 368 >10,000 1,565 98,000 4,860 132 Subcrop
K140118 1.44 31 4,150 1,475 5,310 1,250 148 Subcrop
K140119 5.08 19 10,001 101 7,710 216 35 Subcrop
K140021 9.35 11 10,001 277 1,695 1,270 4,090 Float
K140022 2.05 13 10,001 240 316 210 103 Float
Figure 2- Samples taken near historic Saddle showing, Au g/t.
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Gem Showing
The Gem showing was first prospected for silver in the mid-1950s in an area 300m northeast
of the Canyon and F2 showings. Galena-quartz-siderite-pyrite vein s within quartzite
exposures were found within a highly faulted area. Historic work in the Gem area focused on
silver and lead mineralization. Samples taken by Yukon Metals discovered elevated gold
values up to 2.01 g/t Au in both galena-siderite and quartz-arsenopyrite veining.
Table 3- Highlighted samples taken near historic Gem showing.
Sample Au g/t Ag g/t As ppm Cu ppm Pb ppm Sb ppm Zn ppm Type
K137075 1.05 266 2,990 161 100,500 410 32 Subcrop
K137077 2.01 5 >10,000 23 206 26 28 Subcrop
K137083 0.21 195 1,075 27 83,100 219 15 Outcrop
K137086 0.45 70 120 72 32,700 129 6 Outcrop
Figure 3- Samples taken near historic Gem showing, Au g/t.
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FLT Showing
Float samples were taken in outcrop to the east of the historic FLT showing as well as
downslope on a float train. One sample in float assayed 9.74 g/t Au in a highly oxidized
rock containing pyrite, sphalerite and other fine-grained sulphides.
Table 4- Highlighted samples taken near the historic FLT showing.
Sample Au g/t Ag g/t As ppm Cu ppm Pb ppm Sb ppm Zn ppm Type
K140029 9.74 4 >10,000 4 84 892 1,900 Float
Figure 4- Samples taken near historic FLT showing, Au g/t.
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F3 Showing
Outcrop near the F3 showing consists of a small oxidized manto located stratigraphically
above a black shale unit in a creek. The exposed manto is approximately 2m wide and 20m
long before its exposure disappears under surficial sediments. To the south, a NS trending
subvertical fault that is ~5m thick hosts galena -siderite mineralization. Silver mineralization
up to 1,790 g/t Ag was found in oxidised galena veins in the outcrop of this fault.
Table 5- Highlighted samples taken near the historic F3 showing.
Sample Au g/t Ag g/t As ppm Cu ppm Pb ppm Sb ppm Zn ppm Type
K140123 0.20 1,790 1,290 8,690 >200,000 5,660 1,365 Outcrop
K140124 0.31 851 2,990 2,010 188,500 3,940 606 Outcrop
K140125 0.42 19 378 51 1,540 209 375 Outcrop
Figure 5- Samples taken near historic F3 showing, Au g/t.
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Figure 6- Locations of 2024 rock samples received to date with Au g/t values.