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Projects
White Gold
Action in the White Gold District
Property Map of the Yukon's White Gold District
The elusive hard rock sources of the Klondike's widespread placer gold occurrences are only now being discovered. So far, defined hard rock gold resources are yet to match the approximate 16 million ounces of placer gold reportedly recovered by placer miners within the South Klondike area, despite the evidence that creeks with placer gold can indicate proximity to lode gold sources.
Since 2008, the pace of discovery has been rapid. The first major hard rock gold discovery was made in 2009 on Underworld's White Gold property. By January 2010, Underworld had delineated the Golden Saddle deposit, with an indicated resource of 1,004,750 ounces of gold grading 3.2 g/t plus an inferred resource of 407,413 ounces of gold grading 2.5 g/t. In March 2010, Kinross Gold purchased Underworld for $139 million. In 2009, Kaminak Gold acquired the Coffee Gold Project and identified soil geochemical anomalies with numerous trenches containing anomalous gold values. During 2010, one of the initial 28 drill holes reported an intercept of 17 grams/tonne gold over 15.5 metres and by 2011, drilling had intersected gold in separate zones.
With approximately 50 junior companies now active in the area, the White Gold District is one of the largest gold area plays in Western Canada. Industry observers are optimistic that additional hard rock gold deposits await discovery.
Pacific Ridge is Well Positioned for Discovery
Pacific Ridge was early to recognize the potential of this part of the Yukon. In 2009, the company acquired a 100% interest in the Eureka and Gold Cap properties by staking, and entered into option agreements to earn 100% from vendors of the Mariposa and Polar Stewart properties. Based on on-going positive exploration results, the company has further expanded the Mariposa property through staking and an additional option agreement.
Our four properties collectively comprise more than 1700 mineral claims covering 350 square kilometers of the White Gold and South Klondike Districts, located south of Dawson City, Yukon. The district is part of the unglaciated Klondike Plateau, on the northern edge of the Dawson Range, and consists of rolling hills cut by the Yukon and Stewart Rivers, as well as numerous subsidiary creeks. Access into the area is by a combination of boat/barge along these rivers, by winter road along the old Dawson Trail, and by gravel roads from Dawson City. In addition, the Mariposa property has a well-maintained gravel airstrip.
Although there had been little hard rock exploration of this district before 2009, there is evidence of gold in our midst from active mining operations that are recovering placer gold from creeks draining the hills of the Mariposa and Eureka properties. These creeks have been mined for gold since the early 1900's and are among some of the most productive in the Yukon. In addition to placer gold-bearing streams, other encouraging indicators on the four properties are highly anomalous gold and multi-element results from stream sediment (silt) samples collected during government surveys.
Pacific Ridge has been actively exploring its properties within the White Gold and South Klondike districts since 2009. Of these properties, foremost is the Mariposa gold property, a 30 kilometre length of favorable geology, gold geochemical anomalies and geophysical targets. With the encouraging results obtained from this year's program, the company plans to continue systematic exploration of its White Gold and South Klondike properties in 2012.
Active Placer Mining, Scroggie Creek
Property Map of the Yukon's White Gold District
The elusive hard rock sources of the Klondike's widespread placer gold occurrences are only now being discovered. So far, defined hard rock gold resources are yet to match the approximate 16 million ounces of placer gold reportedly recovered by placer miners within the South Klondike area, despite the evidence that creeks with placer gold can indicate proximity to lode gold sources.
Since 2008, the pace of discovery has been rapid. The first major hard rock gold discovery was made in 2009 on Underworld's White Gold property. By January 2010, Underworld had delineated the Golden Saddle deposit, with an indicated resource of 1,004,750 ounces of gold grading 3.2 g/t plus an inferred resource of 407,413 ounces of gold grading 2.5 g/t. In March 2010, Kinross Gold purchased Underworld for $139 million. In 2009, Kaminak Gold acquired the Coffee Gold Project and identified soil geochemical anomalies with numerous trenches containing anomalous gold values. During 2010, one of the initial 28 drill holes reported an intercept of 17 grams/tonne gold over 15.5 metres and by 2011, drilling had intersected gold in separate zones.
With approximately 50 junior companies now active in the area, the White Gold District is one of the largest gold area plays in Western Canada. Industry observers are optimistic that additional hard rock gold deposits await discovery.
Pacific Ridge is Well Positioned for Discovery
Pacific Ridge was early to recognize the potential of this part of the Yukon. In 2009, the company acquired a 100% interest in the Eureka and Gold Cap properties by staking, and entered into option agreements to earn 100% from vendors of the Mariposa and Polar Stewart properties. Based on on-going positive exploration results, the company has further expanded the Mariposa property through staking and an additional option agreement.
Our four properties collectively comprise more than 1700 mineral claims covering 350 square kilometers of the White Gold and South Klondike Districts, located south of Dawson City, Yukon. The district is part of the unglaciated Klondike Plateau, on the northern edge of the Dawson Range, and consists of rolling hills cut by the Yukon and Stewart Rivers, as well as numerous subsidiary creeks. Access into the area is by a combination of boat/barge along these rivers, by winter road along the old Dawson Trail, and by gravel roads from Dawson City. In addition, the Mariposa property has a well-maintained gravel airstrip.
Although there had been little hard rock exploration of this district before 2009, there is evidence of gold in our midst from active mining operations that are recovering placer gold from creeks draining the hills of the Mariposa and Eureka properties. These creeks have been mined for gold since the early 1900's and are among some of the most productive in the Yukon. In addition to placer gold-bearing streams, other encouraging indicators on the four properties are highly anomalous gold and multi-element results from stream sediment (silt) samples collected during government surveys.
Pacific Ridge has been actively exploring its properties within the White Gold and South Klondike districts since 2009. Of these properties, foremost is the Mariposa gold property, a 30 kilometre length of favorable geology, gold geochemical anomalies and geophysical targets. With the encouraging results obtained from this year's program, the company plans to continue systematic exploration of its White Gold and South Klondike properties in 2012.
Active Placer Mining, Scroggie Creek