Wounded Moose Gold

Location & Access 65 kilometres southeast of Dawson City, Yukon; seasonal road access
Size 66 claims, 1,379 hectares
Ownership Held 100% subject to underlying 2.0% NSR royalty
Work to date Soil geochemistry, airborne and ground geophysics, and trenching
Target Structurally hosted orogenic gold
Adjacent Projects Numerous large-scale placer gold operations on Indian River directly north

The Wounded Moose property consists of 66 claims covering 1,379 hectares of the Dawson Mining Division.  The property is located approximately 65 kilometres southeast of Dawson City, Yukon.  The claims cover two unnamed tributaries on the south side of the Indian River.  There are numerous large scale placer gold mining operations on the Indian River directly north of the property.  Excellent access is provided by a seasonal gravel road that passes straight through the property.

 

In 2011 Taku identified a northwest-trending, moderate to strong, linear gold-in-soil trend over a distance of 500m in the north-central part of the property.  Gold values within the trend varied from 21 to 102 parts per billion Au gold (“ppb Au”).  In 2013 trenching over this anomaly returned up to 2.3 grams per tonne gold (“gpt Au”) over 5.0 metres.  In 2016 a VLF electromagnetic survey was completed over the northern part of Wounded Moose, and airborne magnetic data collected in 2011 was re-interpreted.  This work identified a magnetic low with several coincident bedrock VLF conductors approximately 200 metres northeast of and roughly parallel to the gold-in-soil trend.  This feature needs to be tested to see if it outlines a gold-bearing bedrock structure.

 

Also of note is an area located approximately 1500 metres east of the gold trend mentioned above.  This area returned three highly anomalous soil samples in 2011 including 308, 567, 746 and ppb Au.  These samples did not indicate a clear trend and moreover were found in an area with much gravel.  As such they were dismissed as likely derived from bench gravels rather than a bedrock source.  The 2016 geophysical work however shows that these strong soil results lie on the southern margin of a northwest-trending magnetic high within a 500 metre wide, north-trending “disruption” zone marked by numerous magnetic lineaments and VLF conductors.  This disruption is interpreted to be a fault zone that needs to be re-investigated for gold-bearing bedrock structures.

 

Recent Developments

There has been no work at Wounded Moose since 2016.  It is recommended that additional trenching be completed in 2018 to evaluate the two target areas described above.

 

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Taku Gold Corp.