Daulton Capital Corp., a Nevada based finance company specializing in natural resource investments, is in negotiations for an option agreement on two important gold projects in the Yukon Territory of northwest Canada. The company is hoping to secure full interest in the properties, both of which are in an area that has produced significant drill results of 3.4 g/t of gold at 103 meters.
The largest of the projects, the Hunker Property, consists of 121 Yukon Quartz Mining Claims in the Dawson Mining District, 15 miles southeast of Dawson City. It covers 6,000 acres straddling Hunker Creek, one of the Klondike’s famous gold producing placer creeks, and has all-weather road access. The claim block covers a regional north west trending thrust fault with quartz-sericite-chlorite schist (Klondike Schist) in the footwall and well preserved ophiolitic rocks (gabbro, microgabbro/ diabase, dunite/ ultramafic rocks) in the hanging wall.
The claim has historically been associated with coarse placer gold, with one find being wire crystalline gold up to 10 centimeters long. Regional soil sampling, with a total of 1,500 soils collected, has outlined a gold copper soil anomaly measuring 550 meters by 900 meters, and with gold values reaching as high as 187 ppb Au, and copper values up to 321 ppm Cu.
An independent geologist evaluation concluded that “this is the only significant area of preserved hanging-wall ophiolitic host rocks identified to date on the Klondike, with the potential for hosting productive gold-quartz veins of economic grades (average of 0.5 oz/t Au) with the potential for very gold rich pockets (100+ ounces to the ton)”.
Daulton is evaluating both targets (thrust fault zone and gold copper soil anomaly) on the property with detail (25 meter) soil sampling, ground magnetic survey, and excavator trenching.
For additional information, visit the company’s website at www.daultoncapital.com
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