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Large Gravity Anomalies Align with Bonanza-Grade Gold and Silver and Strong Electromagnetic Anomalies at Star River
GravityGravity(US:GRVY) GlobeNewswire News Room·2024-12-03 14:00

Core Insights - Yukon Metals Corp. has reported significant results from gravimetric geophysical fieldwork at its Star River Project, indicating strong potential for mineralization in the area [1][5]. Group 1: Project Highlights - The survey identified dense areas suggesting substantial mineralization, with two prominent 800-meter-long parallel anomalies in the southern portion of the property correlating with previously identified electromagnetic anomalies [2][4]. - Multiple gravity anomalies were detected, particularly in underexplored areas, indicating additional compelling targets for exploration [3][5]. Group 2: Geological Findings - The gravity survey results are notable for their association with known mineralization areas and previously identified electromagnetic anomalies, highlighting the potential for discovering new mineral zones [5][11]. - Surface samples from the project have shown high grades, including up to 101 g/t gold and multiple samples exceeding 1,000 g/t silver, particularly in the southern and northern portions of the property [4][14]. Group 3: Methodology and Survey Details - The gravity survey covered an area of 3 kilometers by 4 kilometers with a 100m line and station spacing, focusing on areas with historical showings and previously released TDEM survey data [9][17]. - Rock samples were analyzed for multiple elements, with specific methods employed for high-grade samples, ensuring thorough assessment of the mineralization potential [18][19]. Group 4: Company Overview - Yukon Metals Corp. owns 100% of the Star River Project, which is accessible by an all-season road and has a history of polymetallic carbonate replacement mineralization and quartz-sulphide veins dating back to the 1950s [16][24]. - The company is well-financed and has a portfolio built on over 30 years of prospecting, focusing on sustainable growth and community engagement in Yukon's mining sector [24][25].