White Gold-Dawson Range Overview

Taku holds ten properties enclosing 2,366 mineral claims that cover a total of 48,261 hectares, and is a key player in the mineral rich White Gold-Dawson Range district of central Yukon. The White Gold area, located south of the famous Klondike goldfields, is an emerging new gold camp. The area’s rapid path to mineral resource definition is demonstrated by Goldcorp Inc.’s Coffee deposit that has gone from its discovery in May 2010 to a development project expected to go into full production by 2021. Located 130 kilometres south of Dawson City, Coffee is a high grade, open pit and heap leach project that Goldcorp expects to grow into a large district scale operation. As part of its regional strategy Goldcorp has made substantial investments in Independence Gold Corp. and Arcus Development Group Inc. On the exploration side, White Gold Corp. has secured a huge land package in the White Gold area, and has attracted significant investment from Agnico-Eagle Mines Ltd. Key to White Gold’s plan is the recent acquisition of Kinross Gold Corp.’s land portfolio that includes the Golden Saddle deposit. The “Heart of Gold” project includes Taku’s Rosebute and Lucky Joe properties, and is strategically located in the centre of the White Gold area.

The Dawson Range, located west of Carmacks, has long been known for its copper potential, and is the site of Yukon’s only producing mine at Capstone Mining Corp.’s Minto Copper operation. The area has recently gained recognition for its gold potential with investments by Goldcorp in Triumph Gold Corp’s Freegold Mountain project, and by Coeur Mining Inc. in Rockhaven Resources Ltd.’s Klaza project. Both of these gold deposits are at the resource definition stage. Taku’s key project in the Dawson Range is the Sonora Gulch property which holds the potential for a large scale, open pit gold deposit.

Despite its excellent mineral potential, poor infrastructure has held White Gold-Dawson Range back from advanced development work. In September 2017, a $360 million combined federal and territorial infrastructure program was announced with the goal to improve road access in the mineral-rich areas of Yukon. The “Yukon Resource Gateway Project” will help upgrade over 650 kilometres of road and build or replace numerous bridges, culverts, and stream crossings including four separate public road systems in the White Gold-Dawson Range district. In particular the upgrades to the winter-only access Casino Trail and the seasonal Northern Access Route will have a lasting positive effect on the Taku’s project logistics and provide long term benefits to Taku and its shareholders.