Severance Project |  AU

DESCRIPTION

The Severance Property consists of 30 Quartz Claims staked under the Yukon Quartz Mining Act in the Whitehorse Mining District. The geological exploration model is intrusive hosted gold (IHG) mineralization. Deposits of this class are attractive to mining companies because of their large size and often consistent grade. Analogs would include the Fort Knox and True North Deposits in Fairbanks District, Alaska.

This project has been optioned to Northern Freegold Resources, for details regarding the option agreement, see the news releases of March 21st and 26th.

The Severance Property is located within intrusive rocks of the Dawson Range (Whitehorse Suite). These rocks host numerous gold occurrences along the length of a belt extending from Whitehorse northwest to the Yukon / Alaska border. During the Tintina Gold Belt exploration boom this belt was largely ignored because the preliminary geological consensus was that Dawson Range rocks were slightly older than the mineralization found at Pogo and, consequently, this area was not as favourable a target as Tombstone Plutonic Suite rocks further north in the Yukon. Despite this, there are active hard rock gold exploration programs in the area including the Golden Revenue Property, 70 km east of the Severance Property. In addition, numerous placer deposits occur north and east of the property in areas underlain by Dawson Range intrusive rocks.