Yukon explorer YGC Resources (YGC-V) is calculating a reserve for its Grew Creek gold property near Ross River.
The company has drilled 18 holes to confirm the minability of the open-pit portion of the deposit previously estimated to contain 173,000 tonnes grading 12 grams gold per tonne.
YGC plans to truck Grew Creek material to its 400-tonne-per-day Ketza River mill, 90 km away.
Meanwhile, the company has started drill-testing targets at the Ketza River property in an effort to outline minable reserves.
One of the largest targets on the property is the Shamrock, which constitutes a large geochemical anomaly 2 km long and up to 800 metres wide.
Recent sampling at Shamrock identified an intensely altered mineralized breccia outcrop 150 metres south of a previously drilled hole that returned 3.7 grams gold over its entire 105-metre length.
YGC will begin drilling the Shamrock anomaly in late June. Recent results from Grew Creek are shown below:
Hole | Interval | Width | Gold |
(m) | (m) | (g/t) | |
187* | 54.5-56.7 | 2.2 | 25.6 |
70.1-76.0 | 5.9 | 3.7 | |
188* | 38.0-41.0 | 3.0 | 13.4 |
191* | 63.7-71.2 | 7.5 | 7.6 |
192* | 62.5-70.1 | 7.6 | 10.6 |
83.5-89.9 | 6.4 | 5.4 | |
193* | 35.0-41.0 | 6.0 | 7.4 |
194* | 63.4-68.5 | 5.1 | 13.3 |
88.0-91.0 | 3.0 | 7.7 | |
195 | 50.0-51.5 | 1.5 | 9.9 |
196 | 60.0-77.0 | 17.0 | 18.6 |
95.0-98.0 | 3.0 | 3.5 | |
197 | 59.0-80.0 | 21.0 | 4.1 |
198 | 63.8-66.8 | 3.0 | 5.1 |
80.3-82.5 | 2.3 | 20.8 | |
202 | 89.5-95.5 | 6.0 | 6.9 |
203 | 38.0-41.0 | 3.0 | 4.5 |
69.5-72.5 | 3.0 | 4.7 | |
* indicates previously released result.
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