40-Mile Gold

Location & Access 65 kilometres west of Dawson City, Yukon; 4×4 road leads from Top of the World Highway to east boundary
Size 65 claims, 1,358 hectares
Ownership Under option whereby Taku may earn 100% subject to underlying NSR royalties (Bernie Kreft 2.0% and Golden Predator 0.5%)
Work to date Reconnaissance soil geochemistry, prospecting
Target Structurally hosted orogenic gold
Adjacent Projects There are no active projects adjacent to 40-Mile

The 40-Mile option agreement was assigned to Taku by Golden Predator Mining Corp. in July 2017 as part of a strategic acquisition of four properties from Golden Predator in the White Gold District of Yukon1.  The 40-Mile property consists of 65 claims covering 1,358 hectares.  The property is located approximately 65 kilometres west of Dawson City, Yukon.  It is accessible by a 4×4 road that leads into upper Browns Creek from the seasonal Top of the World Highway.  The property was staked by well-known local prospector Bernie Kreft and subsequently optioned to Golden Predator.

 

Previous work by Kreft and Golden Predator included soil geochemistry, prospecting and rock sampling.  This work led to the definition of a linear gold-in-soil anomaly which runs parallel with upper Browns Creek.  The anomaly is defined by values greater than 100 parts per billion gold (“ppb Au”) with a peak gold value of 1630 ppb Au.  The anomaly also shows elevated arsenic and antimony values in soil.  It is approximately 750 metres in length and generally follows an old road cut on the north side of upper Browns Creek.  Rock outcrop exposure in the area of the soil anomaly is poor, however float samples assay up to a maximum of 0.53 grams per tonne Au.  It is thought that the soil anomaly traces a gold-bearing fault structure.

 

Recent Developments

In August 2017 Taku attempted to trench the gold-in-soil anomaly but this effort was blocked by a recent rock slide at the far eastern side of the zone.  Taku intends to trench in 2018 with heavy equipment more suitable for clearing the rock slide.  If the trenching successfully identifies a gold-bearing structure, Taku will continue with drilling to evaluate the structure.



Taku Gold Corp.