According to Yukon Metals, its team found consistent copper mineralization along this prospected area. Of the 60 rock chip samples taken, 18 samples showing significant copper content, with assays ranging from 0.12-3.49%.
“Yukon Metals is moving forward with an exciting phase of exploration, including advancing drilling at AZ’s Chair Mountain and conducting detailed mapping and sampling to define additional targets,” CEO Rory Quinn said in a news release.
The latest exploration results sent Yukon Metals’ shares 9.1% higher at C$0.60 apiece in Wednesday’s morning session, with a market capitalization of C$53.4 million ($37.2m). Over the past 52 weeks, it traded between C$0.32 and C$1.00.
The 100%-owned AZ represents the largest of 17 properties across 425 sq. km held by the company in the Yukon. It is located 35 km south of the community of Beaver Creek. The Chair Mountain area is 6 km from the…
