Vancouver BC based Canadian gold miner HighGold Mining has executed an agreement to purchase the remaining 50% interest in its Yukon mineral properties, bringing HighGold’s ownership to 100%. The acquisition includes four separate properties totaling 1023 claims and 21,000 hectare. The most advanced of the properties is King Tut, located 10 km south of Snowline Gold’s Selwyn Basin land package and 50km from their recent ‘Reduced Intrusive Related Gold’ discovery. At the King Tut property, past exploration work outlined multi-kilometer long gold-in-soil anomalies including an open-ended one-kilometer by one-kilometer gold anomaly associated with the upper carapace of an intrusive body with no prior drilling.The Properties were first staked between 2010 and 2011 as part of a major gold-focused grassroots exploration program in Yukon’s Selwyn Basin carried out under a 50:50 Joint Venture between Constantine Metal Resources and Carlin Gold Corporation. The original staking focused on areas with regional geochemical stream silt anomalies with elevated gold and pathfinder element anomalies with subsequent work including the collection of over 12,000 soil, stream sediment and rock samples across the greater land package.HighGold acquired its initial 50% interest in the Properties during the Company’s formation through the Plan of Arrangement ‘spin-out’ from Constantine in 2019. Over the last three years, portions of the large property package were optioned off to Fireweed Zinc and Snowline Gold Corp. with HighGold receiving certain NSR royalty rights and shares of each company. The purchase agreement announced today provides HighGold with 100% ownership of the remaining properties held under the original joint venture, highlighted by the King Tut property that is host to the biggest and best soil anomaly of the portfolio. The four properties included in the purchase agreement, King Tut, Canol, Stan and RGS are all located within reasonable proximity to the North Canol road.
Vancouver BC based Canadian gold miner HighGold Mining has executed an agreement to purchase the remaining 50% interest in its Yukon mineral properties, bringing HighGold’s ownership to 100%. The acquisition includes four separate properties totaling 1023 claims and 21,000 hectare. The most advanced of the properties is King Tut, located 10 km south of Snowline Gold’s Selwyn Basin land package and 50km from their recent ‘Reduced Intrusive Related Gold’ discovery. At the King Tut property, past exploration work outlined multi-kilometer long gold-in-soil anomalies including an open-ended one-kilometer by one-kilometer gold anomaly associated with the upper carapace of an intrusive body with no prior drilling.The Properties were first staked between 2010 and 2011 as part of a major gold-focused grassroots exploration program in Yukon’s Selwyn Basin carried out under a 50:50 Joint Venture between Constantine Metal Resources and Carlin Gold Corporation. The original staking focused on areas with regional geochemical stream silt anomalies with elevated gold and pathfinder element anomalies with subsequent work including the collection of over 12,000 soil, stream sediment and rock samples across the greater land package.HighGold acquired its initial 50% interest in the Properties during the Company’s formation through the Plan of Arrangement ‘spin-out’ from Constantine in 2019. Over the last three years, portions of the large property package were optioned off to Fireweed Zinc and Snowline Gold Corp. with HighGold receiving certain NSR royalty rights and shares of each company. The purchase agreement announced today provides HighGold with 100% ownership of the remaining properties held under the original joint venture, highlighted by the King Tut property that is host to the biggest and best soil anomaly of the portfolio. The four properties included in the purchase agreement, King Tut, Canol, Stan and RGS are all located within reasonable proximity to the North Canol road.
