Today before the opening bell, Daulton Capital Corp. announced it will exercise its option interest on the Balarat and Hunker properties (Crown Jewel group of claims). Located in the Klondike goldfields district of the Yukon, the claims are optioned from prospector Shawn Ryan of Dawson City.
The Hunker property covers most of the upper drainages of Hunker Creek east of Gold Bottom Creek, a main tributary of Hunker Creek. One of the top five most productive placer gold creeks in the Klondike District, Hunker Creek has produced over 1.9 million ounces of gold since discovery and continues to produce more than 6,000 ounces annually.
The local terrain on the Hunker property is characterized by unglaciated dendritic incised drainages producing steep v-shaped valleys. Hunker, Gold Bottom, and tributaries have all been active placer areas.
The Balarat property covers a 98% percentile gold silt anomaly for the Thistle camp area. This is the same intensity gold silt anomaly draining the Kinross (UnderWorld) White Gold zone. The GSC regional magnetic map indicates the claim block also covers the edge of a magnetic high that is running along a northeast trending structure. Underworld’s White Gold – Golden saddle is sitting on the edge of a magnetic high anomaly and the mineralization is trending in a northeast direction.
Due to the proximity of their properties to the recent discoveries of both Kinross and Kaminac, Daulton Capital feels it would be in best interest to enter into a major work program that includes a concentrated drilling program on both Hunker and Balarat properties.
About QualityStocks:
QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. We offer several ways for investors to learn more about investing in these companies as well as find and evaluate them.
Sign up for “The QualityStocks Daily Newsletter” at www.QualityStocks.net
The Quality Stocks Daily Blog http://blog.qualitystocks.net
The Quality Stocks Daily Videos http://videocharts.qualitystocks.net
The Quality Stocks “Ones to Watch” http://Gotstocks.QualityStocks.net
Please see disclaimer on QualityStocks website: http://disclaimer.qualitystocks.net
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment