The White Gold District in the Canadian Yukon territory is continuing to see movement, this time among junior gold explorers hoping to grab a piece of the action.
Last week Taku Gold (TSXV:TAK) said it has picked up four White Gold properties from Golden Predator Mining (TSXV:GPY), including one from Golden Predator’s subsidiary, Golden Predator Exploration. The four properties are 40 Mile, Korat, Chopin and Lucky Joe.
According to Taku Gold the highlight of the all-share deal is the acquisition of the Lucky Joe prospect, since it butts up against Taku’s Rosebute project to the north. The company adds that it will be able to capitalize on Goldcorp (NYSE:GG, TSX:G) recently building a road to access the Coffee gold project the gold major acquired from Kaminak Gold:
“The combined Lucky Joe-Rosebute property is located in the heart of the White Gold area, approximately 50 kilometres south of Dawson City and roughly 29 kilometres north of White Gold Corp’s Golden Saddle Deposit.
It is situated in close proximity to the Northern Access Road currently being built by Goldcorp to access the multi-million-ounce Coffee gold deposit. A seasonal road provides direct access to the eastern edge of the combined property,” the press release states.
For the rest of this article: http://www.mining.com/junior-shakeup-white-gold-district/