Mako Gold Limited (“Mako” or “the Company”; ASX:MKG) is pleased to advise that it has received the results of the 11,000m auger drilling program on the Ouangolodougou and Korhogo Nord permits which constitute the Korhogo Project1 . The permits collectively cover 296km2 hosting 17km of faulted greenstone granite contact as shown in Figure 1. Both permits are 100% owned by Mako and are readily accessible from the Mako Field Office.
Mako’s Managing Director, Peter Ledwidge commented:
“We are pleased that the recently completed 11,000m auger drilling program has returned large gold anomalies which pave the way for the imminent start of a maiden RC drilling program at Korhogo. The first target to be drilled is a 2km-long +20ppb gold auger anomaly with high grade cores over 60ppb Au, coincident with the faulted greenstone/ granite contact. We are highly encouraged by these coincident anomalies as this validates our motivation for acquiring these permits and increases the chance of the Company making another significant gold discovery”.
Korhogo is located in a fertile greenstone belt that hosts Barrick Gold’s 4.9Moz Tongon gold mine and Montage Gold’s 4.5Moz Kone gold deposit, both in Côte d’Ivoire, as well as Endeavour’s 2.7Moz Wahgnion gold mine just across the border in Burkina Faso (Figure 5).
A maiden 2,000m RC drill program is planned on one of the first of several anomalies outlined by the 11,000m auger program (Figure 2). The auger gold anomalies are coincident with the soil anomalies and geophysical structural anomalies identified through Mako’s previous field work.
Four fences of heel to toe RC holes will be drilled (where the bottom of one hole when projected to surface is the collar of the next hole), covering approximately 900m of the highest auger anomalies (Figure 3).
Ongoing exploration at the Korhogo Project will consist of further RC drilling on other high priority targets, as well as additional auger drilling along the structural trends in order to extend current anomalies or discover new anomalies which would then be tested with RC drilling.
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Yukon Metals Corp. (CSE: YMC, FSE: E770, OTCQB: YMMCF) (" Yukon Metals " or the " Company ") is pleased to announce the appointment of Susan Craig as an Independent Director to the Company's Board of Directors (the " Board "), effective February 10, 2025.
"On behalf of the entire Board, I am pleased to welcome Susan Craig to the Yukon Metals team and Board," commented Patrick Burke, Chair of the Board.
Rory Quinn, President & CEO, added, "Susan brings a wealth of knowledge and a proven track record of impactful contributions throughout her leadership roles in the Yukon. Her technical expertise and experience rooted in critical areas such as environmental stewardship, community relations, governance, and Indigenous engagement will help provide invaluable guidance and perspective. As we prepare for our 2025 exploration program, we are excited to welcome Susan to our Board and are confident that her contributions will play a significant role in the Company's success with all of its stakeholders."
Geologist Susan Craig has had more than 30 years of award-winning experience in managing and advising with respect to regulatory, environmental, social, Indigenous and community relations related to the mining industry. Ms. Craig has worked on Yukon and British Columbia projects from the exploration and development stage to construction, production and mine closure. Her work often includes working with publicly-listed mining companies, Territorial and Federal Governments, First Nations and industry associations. She has also led and participated as an officer and director of several junior companies.
Ms. Craig first collaborated with a First Nation to implement a socio-economic accord related to a mining project in the Yukon in 1995. Her experience includes successfully leading the environmental assessment process for NovaGold's Galore Creek project in 2006 and playing a key role in establishing the participation agreement with the Tahltan Nation. Ms. Craig has also worked closely with First Nations on the Kemess Underground and Kutcho Projects.
Ms. Craig has served as the Chair of AME Mineral Exploration Roundup, as well as a Board Member of AME, Director of Yukon Energy Corporation, President and Director of the Yukon Chamber of Mines, Chair of the Yukon Mineral Advisory Board, Director of the Yukon Foundation, Director of the Yukon Imagination Library and is currently Chair of the Advisory Board at Lakehead University's Centre of Excellence for Sustainable Mining & Exploration. Ms. Craig has received numerous awards recognizing her contributions toward environmental stewardship and sustainable development and was awarded the 2017 Canadian Women in Mining Trailblazer Award. Ms. Craig has also been recognized as a Yukon Women in Mining Champion.
The Company has granted 400,000 incentive stock options to Ms. Craig. The options are each exercisable for one common share of the Company at $0.65 per common share for a period of five years and are subject to the terms of the Company's omnibus incentive plan.
ABOUT Yukon Metals CORP.
Yukon Metals is well financed and represents a property portfolio built on over 30 years of prospecting by the Berdahl family, the prospecting team behind Snowline Gold's portfolio of primary gold assets . The Yukon Metals portfolio consists primarily of copper-gold and silver-lead-zinc assets, with a substantial gold and silver component.
The Company is led by an experienced Board and Management Team across technical and finance disciplines.
Yukon Metals is focused on fostering sustainable growth and prosperity within Yukon's local communities, while simultaneously enhancing stakeholder value. Our strategy centers around inclusivity and shared prosperity, offering both community members and investors the chance to contribute to, and benefit from, our ventures.
THE YUKON
The Yukon ranks 10 th most prospective for mineral potential across global jurisdictions according to the Fraser Institute's 2023 Survey of Mining Companies and is host to a highly experienced and conscientious local workforce, fostered by a long culture of exploration coupled with deep respect for the land. Recent major discoveries with local roots such as Snowline Gold's Rogue Project - Valley Discovery, demonstrate the Yukon's potential to generate fresh district-scale mining opportunities.
ON BEHALF OF THE BOARD OF Yukon Metals CORP.
"Rory Quinn"
Rory Quinn, President & CEO
Email: roryquinn@yukonmetals.com
For additional information, please contact:
Kaeli Gattens
Vice President, Investor Relations & Communications
Yukon Metals Corp.
Email: kaeligattens@yukonmetals.com
Phone: 604-366-4408
Website: www.yukonmetals.com
CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION
This news release contains certain forward-looking information, including information about the Company's future success related to its appointment of Susan Craig, the Yukon's ability to generate fresh district-scale mining opportunities, and the Company's future plans and intentions. Wherever possible, words such as "may", "will", "should", "could", "expect", "plan", "intend", "anticipate", "believe", "estimate", "predict" or "potential" or the negative or other variations of these words, or similar words or phrases, have been used to identify the forward-looking information. These statements reflect management's current beliefs and are based on information currently available to management as at the date hereof.
Forward-looking information involves significant risks, uncertainties and assumptions. Many factors could cause actual results, performance or achievements to differ materially from those discussed or implied in the forward-looking information. These factors should be considered carefully and readers should not place undue reliance on the forward-looking information. Although the forward-looking information contained in this news release is based upon what management believes to be reasonable assumptions, the Company cannot assure readers that actual results will be consistent with the forward-looking information. The forward-looking information is made as of the date of this news release, and the Company assumes no obligation to update or revise the information to reflect new events or circumstances, except as required by law.
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