Objective:
To advance the 3 Aces Project and the Brewery Creek Project in Canada’s Yukon. With sound management and a strong shareholder base, the Company is well positioned for stable development as we focus on the production potential for Brewery Creek and the potential for discovery and definition at the 3 Aces project.

3 Aces Project: A high grade orogenic vein system with the two highest grade surface outcrops discovered to date in the Yukon. With high grade native gold bearing quartz veins at surface, the project offers district scale potential.

Our work is focused on identifying and defining the distribution and grade of gold in the known veins and discovery of additional high grade veins within the extensive land package.  Our 2016 current work plan includes road work and a bridge installation; soil sampling, prospecting, trenching, geological mapping, geophysical surveys, continued bulk sampling and a drill program.

Highlights includes:

  • a ~750 ton bulk sample with ongoing gravity processing;
  • 2015 drilling encountered high grade Au in every hole including  7.5 ft from surface of 4.64 oz/t (158.97 g/t) Au
  • 2016 drilling intersected quartz veining down dip and along strike including 11.43 m of 31.89 g/t gold from a depth of 12.80 m; including 6.10 m of 50.50 g/t gold;
  • Exploration Agreement with the Kaska Nation

Brewery Creek Mine: A past producing heap leach gold mine consisting of intrusion-related gold deposits with a Preliminary Economic Assessment.

Our work is focused on advancing the project through feasibility and permitting. Our 2016 current work plan includes geotechnical and metallurgical drilling and an exploration drill program in addition to

Highlights include:

  • Positive 2014 PEA with modest Capex. 
  • Total resource increased since 2009 to over 1mm oz Gold at brownfields site
  • Operated from 1996 to 2002; shut down due to low Gold prices in 2002
  • Exploration success rate of 80%, several areas are open to expansion and new discoveries have yet to be delineated
  • Project ready for BFS and final permitting
  • Socio Economic Accord with the Tr’ondek Hwech’in

 

Photo by Anatole Tuzlak