Taku Gold Acquires Golden Predator’s Sonora Gulch Gold Project in White Gold District of Yukon
Published: August 23, 2017 |
Taku Gold Corp. has entered into a property option agreement with Golden Predator Mining Corp. to which the company has the option to acquire Golden Predator’s 100 perecent interest in the Sonora Gulch Property located in the southern part of Yukon’s White Gold District.
The securities issued to Golden Predator pursuant to the agreement will be subject to a statutory four month hold period. Taku will earn its 100 percent interest in Sonora upon completion of the share payments. Golden Predator will retain a 1.0 percent net smelter return royalty on production from the property.
The property includes 259 mineral claims (5,414 hectares) located approximately 110 kilometres northwest of the town of Carmacks along the winter access portion of the Casino Trail which extends from Carmacks to the Casino project located northwest of Sonora. The property is located at the nexus of the White Gold District, which includes the Coffee and Golden Saddle gold deposits, and the Dawson Range Mineral Belt, which includes Capstone’s producing Minto copper mine, the Casino, Cariboo Rose and Carmacks copper deposits, and the Freegold, Klaza and Mount Nansen advanced gold projects.
“We are delighted to obtain the high quality Sonora Gulch Gold project. It has a substantial data base with numerous highly prospective gold targets that merit aggressive drilling. Moreover, Sonora is located at the intersection of the White Gold District and Dawson Range Mineral Belt, both of which are amid an exploration boom. Sonora is a great complement to Taku’s already large land package in the White Gold District,” said Zachery Dingsdale, president and CEO of Taku.
To read more details in the company’s press release, CLICK HERE
About Taku Gold
Taku Gold Corp. is a mineral resource company focused on the exploration and development of precious metal properties in Canada with an emphasis on the White Gold district of Yukon. Work is currently underway on the Rosebute/Lucky Joe and Sulphur properties.
To stop by Taku Gold’s website, CLICK HERE
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