Issued on behalf of Yukon Metals Corp.
VANCOUVER – USA News Group – This year is already shaping up to be a big year for copper and gold, as market conditions are shifting some mining companies away from other metals like nickel. After gold prices hit multiple all-time highs last year, expert researchers are predicting another run of fresh records extending into 2025. The International Monetary Fund (IMF) forecasts that copper demand will rise over 66% between 2020 through 2040, as the world moves away from oil. The mining industry looking ahead in 2025 has a lot of big projects due to hit key milestones, giving reason for the market to look closer at miners and explorers making headway including Yukon Metals Corp. (CSE: YMC) (OTCQB: YMMCF), Collective Mining Ltd. (NYSE: CNL) (TSX: CNL), G Mining Ventures Corp. (TSX: GMIN) (OTCQX: GMINF), Mako Mining Corp. (TSXV: MKO) (OTCQX: MAKOF), and Equinox Gold Corp. (NYSE-American: EQX) (TSX: EQX).
The article continued: According to analysts at Research and Markets, the gold bullion market is set to grow at a CAGR of 13.2% through 2028 to a US$125.72 billion value. The same research firm is also predicting the global copper market to grow at a 5.03% CAGR through 2030 to a US$341.96 billion in 2030, up from US$267.39 billion in 2025.
Yukon Metals Identifies High-Priority Drill Targets at Birch
Yukon Metals Corp. (CSE: YMC) (OTCQB: YMMCF), a well-financed mining exploration company, recently provided of an Electrical Resistivity Tomography (ERT) and Induced Polarization (IP) geophysical survey program over its 7,000-hectare Birch Property, located 65 km northeast of Burwash Landing, Yukon. Birch is one of Yukon Metals’ seventeen high-quality properties across 42,500 hectares in the Yukon.
Yukon Metals’ geologists completed eight geophysical surveys over a promising copper and gold anomaly at the Birch project, uncovering high-priority drill targets. These surveys, which analyzed geo-electric signatures, provided valuable insights into structural geological features to guide precise drill placement. The new geophysical data aligns with prior soil anomalies, showing up to 0.24% copper and 0.99 g/t gold over 1,400 meters, as well as rock chip samples with grades as high as 2.42% copper and 14.1 g/t gold. Additionally, geophysical anomalies beneath the surface suggest changes in rock type and sulphide mineralization within skarn horizons over several hundred meters, further highlighting the project’s significant mineralization potential.
“With this geological survey program, which includes induced polarization, surface mapping, and soil and rock sampling programs, Yukon Metals is closer to uncovering the mineral potential of the highly prospective Birch Property,” said Rory Quinn, President and CEO of Yukon Metals. “The next step will be to commence drilling at Birch, targeting mineralized skarn horizons.”
Yukon Metals owns 100% of the Birch project, a helicopter-accessed property located 65km northeast of Burwash Landing. The project, situated in the mineral-rich Yukon-Tanana Terrane, has a geological makeup of schists, marble, and oxidized felsic intrusives, with a history of copper, zinc, and molybdenum discoveries dating back to the 1970s. More recent exploration in the 2010s uncovered significant gold anomalies in the area. Acquired in 2024, the Birch claims feature promising soil and rock-chip sampling results, including a strong 1,400-meter copper and gold anomaly in the northern claim block. These findings highlight Birch’s high potential for further exploration and valuable mineralization.
The survey identified several high-priority geophysical anomalies, marking a significant step in advancing Birch as a promising site for precious and base metal mineralization. By integrating geophysical data with surface geochemical results, geological mapping, and airborne magnetic surveys, the exploration team is refining drill targets and outlining areas for future investigation.
Using ERT and IP techniques, the surveys analyzed the electrical properties of the area’s dominant rock formations, such as limestone, marble, schist, and granite. These methods send electrical currents into the ground to measure how various materials respond, creating detailed subsurface maps. Induced polarization highlights sulfide-rich zones by detecting how metallic minerals temporarily store and release charge, while conductivity and resistivity data help identify rock types, mineralized zones, and overburden depth.
Advanced processing software transformed the data into high-resolution images, revealing key geological features like bedrock layers, mineralized zones, and areas requiring further study to guide precise drill placement.
CONTINUED… Read this and more news for Yukon Metals Corp. at: https://usanewsgroup.com/2024/10/01/the-yukon-an-untapped-mining-powerhouse/
In other industry developments and happenings in the market this week include:
Collective Mining Ltd. (NYSE: CNL) (TSX: CNL), an exploration and development company focused on gold projects in South America, recently announced assay results for the first of a planned series of orthogonally drilled holes designed to test the potential of newly modeled broad and high-grade subzones within the Apollo system, located within Collective’s multi-target Guayabales Project in Caldas, Colombia. Collective Mining currently has four drill rigs operating as part of its fully funded and on-schedule 40,000-metre drilling program for 2024. A fully funded 60,000-metre drill program is planned for 2025, which will be the largest drilling campaign in the history of Collective Mining.
“Internal deposit modelling led to the realization that most of the prior drilling from the south was not directly orthogonally across the system and that we should start drilling from the northern side of Apollo in a southerly pattern,” said Ari Sussman, Executive Chairman of Collective Mining. “As a result, drill Pad17 was constructed, and the hypothesis was tested with hole APC104-D1. 2025 is going to be an exciting year for the Company as we focus drilling on chasing laterally and vertically both the high-grade subzones and Ramp Zone as part of our fully funded, 60,000-metre drill program.”
G Mining Ventures Corp. (GMIN) (TSX: GMIN) (OTCQX: GMINF), a mining company focused on developing precious metal project with key assets in Brazil and Guyana, recently celebrated a number of key milestones at its projects from the past year. Among the key development and corporate activities accomplished in 2024, GMIN was particularly pleased to report gold production of 40,147 ounces during Q4 2024, and FY 2024 gold production since first pour of 63,566 oz. Gold sold during the quarter was 39,938 oz resulting in full-year gold sales of 57,082 oz. The difference between gold sold versus produced was due to the timing of pours at year end and gold in circuit. All figures were as of December 31, 2024, unless stated otherwise.
“Our 2024 milestones mark important steps in GMIN’s evolution from developer to producer, and reflect our strategic execution, backed by a best-in-class management team, strong partnerships, and a high-quality portfolio of long-life, low-cost assets that offer multiple value-creation catalysts,” said Louis-Pierre Gignac, President and CEO of G Mining. “I am excited about the opportunities ahead as we enter 2025: we remain committed to creating the next leading intermediate gold producer, further ramping up production at TZ, advancing Oko West’s feasibility study and making a construction decision on the Project, and advancing exploration at our newly acquired CentroGold project in Brazil.”
Mako Mining Corp. (TSXV: MKO) (OTCQX: MAKOF), a gold mining, development and exploration company, recently announced its plans to acquire the Moss gold mine in Arizona through a non-binding agreement to purchase EG Acquisition LLC, a private entity created by its controlling shareholder, Wexford Capital LP. EGA is set to acquire the mine by December 31, 2024, making it and its owner, Golden Vertex Corp., wholly owned subsidiaries of Mako. The purchase, priced between $4.9 million and $6.4 million depending on royalties, is expected to close by February 2025.
Mako plans to acquire a producing gold asset in a top-tier jurisdiction, funded entirely by cash flow from its current mining operations. The Moss Mine, which continued processing gold during bankruptcy, will resume mining once Mako optimizes its plan and upgrades the crushing plant, expected within months after closing. Mako also operates the high-grade San Albino Mine in Nicaragua and the Eagle Mountain project in Guyana, with its cash and gold receivables increasing by over $6 million to nearly $13 million by year-end, despite extensive drilling.
Equinox Gold Corp. (NYSE-American: EQX) (TSX: EQX), a Canadian mining company with seven operating mines in the Americas, aiming to produce over one million ounces of gold annually through expansion projects, recently announced an updated Mineral Reserve and Mineral Resource estimate effective June 30, 2024 for its Fazenda Mine has extended the Fazenda mine life to 2033. Fazenda has been operating in Bahia State, Brazil since 1984 as a combined underground and open pit mine. The recent updates have extended the Fazenda Mine’s life to 2033, with Mineral Reserves increasing 142% to 763,000 ounces and Measured and Indicated Resources up 418% to 1.524 million ounces, alongside significant grade improvements.
Results from focused exploration at Fazenda over the last three years have exceeded our expectations, delivering significant mine life extension and resource growth net of mining depletion,” said Scott Heffernan, EVP Exploration of Equinox Gold. “The success of these efforts now provides a foundation on which to evaluate potential expansion opportunities at the Fazenda Mine. Future exploration programs will continue to evaluate underground and open pit opportunities in the immediate area of the Fazenda property as well as assess regional potential in the greenstone belt that extends to Equinox Gold’s Santa Luz Mine to the north.”
Source: https://usanewsgroup.com/2024/10/01/the-yukon-an-untapped-mining-powerhouse/
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