KORAT GOLD

Location & Access 85 kilometres south of Dawson City, Yukon; helicopter access only
Size 9 claims, 188 hectares
Ownership Held 100% subject to underlying 1.0% NSR royalty
Work to date Reconnaissance soil geochemistry, prospecting
Target Structurally hosted orogenic gold
Adjacent Projects Surrounded by Comstock Metals Ltd.’s QV property

The Korat property was purchased by Taku in July 2017 as part of a strategic acquisition of four properties from Golden Predator Mining Corp. in the White Gold District of Yukon.  The Korat property consists of 9 claims covering 188 hectares.  The property is located on the west side of the Yukon River approximately 85 kilometres south of Dawson City, Yukon.  It is accessible by helicopter only.

 

Previous work on the Korat property by Golden Predator identified the northeast-trending “Diego” gold-in-soil anomaly with values up to 100 parts per billion gold (“ppb Au”).  The Diego showing was found at the northeast end of the Diego trend along the north side of Stormy Creek.  The showing is marked by silica alteration, quartz breccias, stockworks and veinlets, and fine-grained, disseminated sulphides.  Grab samples had returned up to 0.23 grams per tonne gold (“gpt Au”).

 

The Diego trend is approximately eight kilometers north of Comstock’s VG discovery which hosts an inferred resource of 4.4 million tonnes at a grade of 1.65gpt Au based on a 0.5gpt Au cut-off grade for a total of 230,000 contained ounces gold1.  The VG zone strikes at 70° azimuth similar to the northeast-trending Diego soil anomaly.

 

Recent Developments

In August 2017 Taku completed a soil sampling and prospecting program over the Diego trend.  This work confirmed and strengthened the anomaly with gold-in-soil values from 15 to 105 ppb Au.  Grab samples from the Diego showing returned up to 0.63 gpt Au.  The strongest part of the Diego trend was found 750 metres southwest of the Diego showing and is referred to as the “SW” zone.  Soils in this area range from 15 to 105ppb Au.  Taku intends to complete a VLF electromagnetic survey in 2018 to identify possible bedrock structures coincident to the Diego trend.  Any structures defined by the VLF survey will be further tested by trenching and sampling.

 

  1. Comstock Metals Ltd. – www.comstock-metals.com consulted October 15, 2017

 

Press Releases

July 20, 2017 – Taku acquires strategic properties from Golden Predator in White Gold district of Yukon



Taku Gold Corp.