Issued on behalf of Yukon Metals Corp.
VANCOUVER – USA News Group – It’s already been a hot year for precious metals in 2025, with gold surging to a new all-time high above US$2,900 an ounce this month. This followed a phenomenal run in 2024, where gold rose 27%, marking the largest gain in 14 years. From a mining standpoint, the Engineering and Mining Journal (E&MJ) has already touted the current health of project spending in the global mining industry as “very good” as we 2025 kicks off. Wealth experts in the sector are declaring that gold mining has never been in a better position.
As the mining industry gears up for this year’s annual award winning PDAC Convention in Toronto, where 27,000 attendees from over 135 countries are expected once again, several mining companies are entering the event with significant developments, including those from Yukon Metals Corp. (CSE: YMC) (OTCQB: YMMCF), Allied Gold Corporation (TSX: AAUC) (OTCQX: AAUCF), Thesis Gold Inc. (TSXV: TAU) (OTCQX: THSGF), Aya Gold & Silver Inc. (TSX: AYA) (OTCQX: AYASF), and West Red Lake Gold Mines Ltd. (TSXV: WRLG) (OTCQB: WRLGF).
The article continued: According to Business Research Insights, the global gold market is set to grow at a 2.8% CAGR through 2033 to US$320 billion, up from US$250 billion in 2024. Analysts at Goldman Sachs have already raised their year-end gold price forecast to US$3,100, anticipating more record-breaking highs to come.
Yukon Metals Corp. (CSE: YMC) (OTCQB: YMMCF), a well-financed mining exploration company, today announced it is ramping up exploration at its 720-hectare Star River Project near Ross River, Yukon. The company’s 2025 plans include 4,000 meters of diamond drilling around the F2 zone, aiming to follow up on high-grade silver and gold samples found at the surface. These samples align with strong gravity and electromagnetic geophysical anomalies, making them prime drill targets.
“Work at Star River in 2024 delivered superb drill targets, and we are excited to advance our understanding of the scale of the property’s mineral potential,” said Rory Quinn, President & CEO of Yukon Metals. “With a strong correlation between geophysical anomalies and surface mineralization, the upcoming drill program is a critical next step to test these compelling targets. We look forward to commencing our 2025 drill season and to unlocking new discoveries.”
Yukon Metals is building on strong geophysical results and past rock-chip sampling, which returned silver grades over 1,000 g/t and gold up to 101 g/t. The company is launching a 4,000-meter drill program focused on a high-priority target in the southern part of the property. This area features a strong gravity anomaly stretching 800 meters north-south, overlapping with a key electromagnetic high near the historic F2 and Canyon showings. The goal is to determine if this area hosts significant mineralized structures at depth.
To support drilling, Yukon Metals will conduct a high-resolution UAV magnetic survey to map key structural features. This data, combined with rock sampling and mapping, will help define new targets and refine existing ones. In 2024, sampling returned up to 10,936 g/t silver in some areas, making follow-up exploration a priority.
In the northern section, the UAV survey will help improve geological mapping and determine how gravity anomalies relate to potential mineralized zones. Additionally, a gravity infill survey will be conducted to sharpen existing high-gravity targets and improve drill targeting.
The combination of drilling, geophysical surveys, and sampling will help Yukon Metals assess the size and continuity of mineralization across the Star River Project. By targeting high-priority anomalies and refining structural controls, the company aims to build on last season’s success and advance the project toward the next stage of development.
With easy road access and multiple promising targets, the Star River Project is shaping up as a key focus for Yukon Metals in 2025. Investors will be watching closely as the company advances its exploration efforts.
CONTINUED… Read this and more news for Yukon Metals Corp. at: https://usanewsgroup.com/2024/10/01/the-yukon-an-untapped-mining-powerhouse/
In other industry developments and happenings in the market this week include:
Canadian-based gold producer Allied Gold Corporation (TSX: AAUC) (OTCQX: AAUCF) recently announced a strategic partnership with UAE-based Ambrosia Investment Holding, in a deal worth over $500 million, including $250 million in upfront cash. This move strengthens Allied’s balance sheet and supports its expansion plans.
“We are delighted with the formation of this strategic alliance and to partner with such influential persons who have a similar understanding and appreciation of Sadiola and the Republic of Mali,” said Peter Marrone, Allied’s Chairman and CEO. “Our new partners are similarly minded and have experiences in the country that complement ours. We believe this collaboration is the first of its kind, with a Canadian company partnering with Emirati entrepreneurs and business persons investing in Mali.”
Allied is advancing its Kurmuk project in Ethiopia, set to begin production in mid-2026 with an annual output of 290,000 ounces for the first four years. Meanwhile, its phased expansion at the Sadiola mine in Mali is expected to boost gold production from 170,000 ounces in 2023 to 200,000–230,000 ounces per year.
Thesis Gold Inc. (TSXV: TAU) (OTCQX: THSGF), recently completed its 2024 drill program at the Ranch area, supporting its Prefeasibility Study (PFS) and Environmental Assessment (EA) for the Lawyers-Ranch Project in British Columbia. Recent drilling confirmed broad mineralized zones, including high-grade gold intercepts, while also gathering crucial geotechnical and hydrogeological data for mine planning. The PFS, expected in Q4 2025, builds on a strong PEA that outlined annual production estimate of 215,000 AuEq ounces over 14 years.
“The 2024 drill program played a critical role in positioning us to commence both the PFS and the EA process—key milestones that will drive project development and permitting decisions,” said Ewan Webster, President and CEO of Thesis Gold. “Positive results from near-resource exploration have encouraging implications for the potential to expand and upgrade our confidence on the mineral resource defined in the 2024 PEA, which demonstrated strong project economics highlighted by an after-tax NPV (5%) of C$1.28 billion, an IRR of 35.2% and a payback period of 2.0 years. This shows that the Ranch area of the larger project still provides significant potential for resource growth and, in turn, improved project economics.”
With continued drilling planned for 2025, Thesis Gold aims to expand its resource and unlock further upside potential.
Aya Gold & Silver Inc. (TSX: AYA) (OTCQX: AYASF) recently updated its resource estimate for the Boumadine Project in Morocco, significantly increasing its silver and gold holdings. The updated estimate includes 5.2 million tonnes of Indicated resources at 91 g/t silver and 2.78 g/t gold, along with 29.2 million tonnes of Inferred resources at 82 g/t silver and 2.63 g/t gold. This marks a 120% increase in Indicated silver-equivalent ounces and a 19% increase in Inferred ounces.
“We are pleased to announce an updated Mineral Resource Estimate for Boumadine, marking a 120% increase in indicated resources and 19% in inferred resources since our April 2024 update,” said Benoit La Salle, President and CEO of Aya Gold & Silver. “In under three years, we have grown silver and gold ounces across all classifications, demonstrating the team’s ability to identify and grow Boumadine into a world class asset.”
With drilling ongoing and the deposit open for expansion, Aya continues to unlock further growth potential at Boumadine.
West Red Lake Gold Mines Ltd. (TSXV: WRLG) (OTCQB: WRLGF) recently released strong drill results from its 100%-owned Madsen Mine in Ontario’s Red Lake Gold District. Drilling at the high-grade South Austin Zone confirmed multiple high-grade gold intercepts, including 10.6 meters at 114.26 g/t gold, with a standout interval of 0.7 meters at 1,609.26 g/t gold. These results support resource expansion and the planned 2025 mine restart. With an Indicated resource of 474,600 ounces at 8.7 g/t gold, West Red Lake continues to advance Madsen toward production while unlocking further exploration potential.
“As we continue to define and expand this deeper portion of South Austin from the 08-4447 drill bay, it’s very encouraging to see consistent increases in grade and thickness of the mineralized zone as the drilling program advances,” said Shane Williams, President and CEO of West Red Lake. “This success speaks to our Geology team’s understanding of the orebody and systematic approach to how data is received, processed and interpreted to ensure the next round of drilling is directed exactly where it needs to be. We see tremendous potential at depth in the Madsen orebody and results like the ones highlighted in this update illustrate the exceptional high-grade potential that exists within Red Lake gold systems.”
Source: https://usanewsgroup.com/2024/10/01/the-yukon-an-untapped-mining-powerhouse/
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