Daulton Capital Corp., a natural resource finance company specializing in precious & base metal developments, today provided shareholders with some commentary from the Yukon Gold Mining Alliance. According to the organization, the region is one of the best and most exciting jurisdictions in the world in which to conduct mineral exploration and mining.
In a press release dated December 2, 2010, the Yukon Gold Mining Alliance noted a number of positive reasons for investment in the Yukon, including the following:
The Yukon is well recognized for its world-class deposits, with 2,700 known mineral occurrences and more than 80 mineral deposits with established reserves, some of which are the largest known in the world.
The area has a well-developed infrastructure, including more than 4,800 kilometres of all-weather roads, numerous airports, direct access to Asia via two ice-free ports in neighboring Alaska, clean energy, Internet and cell phone service throughout the territory.
The local government understands business, promotes investment and offers favorable tax incentives and mining laws that provide secure mineral tenure and has a single coordinated approach to environmental assessment. Furthermore, the Yukon’s royalties are amongst the most competitive in Canada.
And, perhaps most encouraging, recent increases in mineral exploration activity have quickly reaped rewards, with significant discoveries in gold, silver and copper.
Daulton Capital’s Balarat Project straddles Balarat Creek, one of the most productive creeks in the Yukon. The claim block located near the Underworld and Kaminak discoveries, which are now owned by Kinross Gold Corp. (NYSE: KGC) after a takeover valued at about $140 million. Kaminak, larger than the White Gold Project, has recently discovered two new, at surface, gold zones with drilling at Americano yielding a new gold discovery of 2.36 g/t Au over 18m.
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