HighGold’s Yukon property is located in the Selwyn Basin in the western Yukon and consists of four separate properties totaling 1,023 claims and 21,000 hectares (210 square kilometers) (see Map 1, below). The most advanced of the properties is King Tut, located 10 km south of Snowline Gold’s Selwyn Basin land package and 50km from Snowline’s ‘Reduced Intrusive Related Gold’ discovery made in June 2022. At HighGold’s King Tut property, past exploration work outlined multi-kilometer long gold-in-soil anomalies (see Map 2, below) including an open-ended one-kilometer by one-kilometer gold anomaly associated with the upper carapace of an intrusive body with no prior drilling.
HighGold’s technical team believes that the King Tut property represents one of the best undrilled intrusive-related gold-in-soil anomalies not already controlled by Snowline Gold in this emerging new district.
|Location||Selwyn Basin, Yukon Territory|
|Status||Under consideration; possibly available for option|
|Deposit Type||Reduced Intrusive Related Gold|
|Property Size||1,023 claims and 21,000 hectares (210 square kilometers)|
|Host Rock||Hornfels mudstone, siltstone and minor quartzite with local banded carbonate|
|Age||Cretaceous-age granitic intrusions and Ordovician to Triassic sedimentary rocks|
|Main Economic Elements||Gold|
Background on the Yukon Properties
The properties were staked in 2010 and 2011 as part of a major gold-focused grassroots exploration program in Yukon’s Selwyn Basin carried out under a 50:50 joint venture between Constantine Metal Resources and Carlin Gold Corporation. The original staking focused on areas with regional geochemical stream silt anomalies with elevated gold and pathfinder element anomalies with subsequent work including the collection of over 12,000 soil, stream sediment and rock samples across the greater land package.
HighGold acquired its initial 50% interest in the properties during the Company’s formation through the Plan of Arrangement ‘spin-out’ from Constantine in 2019. Since that time, portions of the large property package were optioned off to Fireweed Zinc and Snowline Gold Corp., with HighGold receiving certain Net Smelter Royalty (NSR) rights and shares of each company. As of September 2022, HighGold gained 100% ownership of these properties, highlighted by the King Tut property that is host to the biggest and best soil anomaly of the portfolio. The four properties are referred to as: King Tut, Canol, Stan and RGS, all located within reasonable proximity to the North Canol Road, the main access road to this part of the Yukon Territory.