Generic Gold Corp. (CSE:GGC) is a junior exploration company that owns multiple, well-positioned properties in the Tintina Gold Belt in the Yukon, Canada. Based on recent discoveries, the Yukon Territory is undergoing a second gold rush, which has prompted government funding initiatives and mining-friendly policies for early stage permitting. High grade gold discoveries have attracted numerous active mining companies that might indicate further discoveries and merger and acquisition opportunities in the future.
Generic Gold owns nine properties that total 39,820 hectares of land in the Yukon. All of the company’s projects have been prioritized for exploration, but the company’s focus is on developing the VIP and Goodman gold projects. The VIP property is approximately 25 kilometers from Goldcorp’s (TSX:G) Coffee Gold deposits, which host proven and probable reserves of 2.16 million ounces of gold, an indicated resource of 780,000 ounces and an inferred resource of 1.15 million ounces. The VIP property is along trend and showing similar geology and structures to the Coffee Gold deposits.
The Goodman project is located on the same mineralization fault trend that the Victoria Gold Corp’s (TSXV:VIT) Eagle Gold deposit sits upon. The Victoria’s Eagle deposit hosts a measured and indicated resource of 3.6 million ounces gold and an inferred resource of 276,000 ounces gold. Generic Gold is also conducting exploration on their additional properties and will be drilling on the VIP and Goodman properties during the summer of 2018.
Generic Gold Corp. Company Highlights
- Nine projects in the developing jurisdiction in the Yukon.
- VIP property is located proximally to Goldcorp’s promising Coffee Gold deposits.
- Goodman property is located on the same mineralized fault that Victoria Gold Corp’s promising Eagle deposit sits on.
- $600,000 set aside for exploration and drilling for summer 2018.