Australia Creek and its benches are now recognized by Yukon Geological Survey as the eastern continuation of the Klondike goldfields, the largest placer gold producing area in the Yukon.
Under the terms of the agreement, which covers 8.85 km of the alluvial gold claims, Little Flake will be granted exclusive rights to extract gold from the Australia Creek property, with Metallic Minerals receiving a percentage of the production as a royalty.
This partnership will combine Metallic Minerals’ expertise in mineral exploration and Little Flake’s experience in gold mining to maximize production and profitability for both groups in the region, the company said.
Schnabel is recognized as a highly experienced miner and, in December 2022, was awarded the Robert E. Leckie Award for Excellence in Environmental Stewardship by the Yukon government for reclamation work in…
