Tuesday, February 22, 2011

The Yukon: Host To New Carlin Trend?

An article in Gold Mining News, although speculative, says there is that potential:
In an interview with the Resource Investing News Network, Mike Burke, current Chief Geologist at Golden Predator Minerals, and previously head of mineral services with the Yukon Geological Survey, commented on some facts obtained in his decades of experience in the Yukon. “The primary evidence is the fact that the Selwyn Basin, in the Yukon, has the same geological history as the Great Basin in Nevada,” explained Burke.

Burke added that the rocks in the Selwyn Basin are so similar to those of the Great Basin that he could take rock samples from the Selwyn, and drop them on the ground in Nevada, and no one would even notice that the rocks were not from the region. Burke also added that he has looked over cores from the Selwyn Basin with geologists who have worked primarily on the Carlin Trend in Nevada, and they commented that the rocks looked practically identical.


Many geologists have believed in the Carlin potential of the Yukon for many years, and with recent advancements in exploration, the evidence is mounting....
The main reasons why exploration has been hampered until recently are isolation and the short summer. Until relatively recently, the exploration season was only four months out of the year.

Now, exploration can be undertaken during the entire year thanks to infrastructure improvements. Exploration spending in the Yukon totaled $160 million last year and is set to double this year.

The article contains a partial list of companies active up there:
Constantine Metal Resources Ltd. (CVE: CEM)
Carlin Gold Corporation (CVE: CGD)
Northern Freegold Resource Corp (CVE: NFR)
Colorado Resources (CVE: CXO)
Golden Predator Corp. (TSE: GPD)
ATAC Resources (CVE: ATC)
Kaminak Gold Corporation (CVE: KAM)
Taku Gold Corp. (CVE: TAK)

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