- a field visit
Yukon's top 10 mining and exploration projects
by Brian O'Hara Carl Schulze, president of the Yukon Chamber of Mines (also president of All-Terrane Mineral Exploration Services) explained that 2004 was a difficult year when many exploration projects were not followed up. However, in later years, these same projects moved ahead fairly quickly to advanced and prefeasibility stages. "There has been a resurgence in grassroots and greenfield exploration and exploration expenditures. Indeed, there is not enough local skilled labour to fill current demands, which is why we have drillers from Ecuador, geologists from Brazil and New Zealand and helicopter pilots also from New Zealand,? says Schulze. The territorial government's Yukon Mining Incentive Program (YMIP) provides incentives to individual prospectors or companies of up to $20,000 which could cover from 50% to 100% of basic exploration work. The YMIP budget is around $750,000 per year which keeps individual prospectors in business, especially important during lean years. Two of the top 10 projects I toured were discovered by prospectors taking advantage of the YMIP program - the Underworld Resources White Gold Project by Shawn Ryan and the Overland Resources Andrew Zinc Project by Ron Berdahl. Both projects were discovered by finding mineralization in surface outcrops. Special thanks must be given to Yukon Energy, Mines and Resources LEFT FROM THE TOP: A view of the exploration camp and former mill at the Ketza River Project of Yukon-Nevada Gold Corp. Photos by Brian O'Hara. Nicole Sanches, left, investor relations manager, Yukon-Nevada Gold, and Erika Shepard, chief geologist, in a trench on the QB target point out a rusty brown mineral called hisingerite which is often associated with high-grade gold mineralization. The Andrew Zinc Project camp and airstrip of Overland Resources, located about 110 kilometres north of Faro, Yukon. Andy Campbell, left, vice president, exploration, Largo Resources, and Tim Mann, vice president, engineering. Andy is pointing toward the location of a potential open pit for the Northern Dancer tungsten-molybdenum project. 20 www.resourceworld.com August 2008natural fancy coloured diamonds www.torchriver.ca3bolero resources featuresmining newsbuying opportunities in junior mining stocks the world needs it we've got it910111213diamond exploration & mining15161 888 242 3234 1819 - a field visit yukon mining exploration is booming, much more than in the rest of canada. it has increased from $22 million in 2004 to an estimated $132 million for 2008 - a 600% increase. while for this same period mining exploration in canada increased from $1.17 billion to $2.76 billion, a 235 % jump.2223ad design by25big nic, hope bcartha resources exploring wyoming uranium prospectsgive me a stage where this bull can ragesouth africa and precious metalsmolybdenum, uranium & goldmarc natural fancy coloured diamondsin 2005, only 616 carats of investment-grade natural fancy diamonds were recovered, compared with 123.29 million carats of colourless diamonds.leadership development goes deeper at goldcorp35endeavour silver intersects mexican high-grade silvercrescent gold spins off uranium assets to focus on goldmininghard creek nickel increases turnagain resourcesapollo gold plans black fox gold production41riverstone drills karma project, burkina faso, west africaglass earth gold ltd. exploring new zealandpremier gold active on several frontsride the ups & downs encana using co oiloilwww.cambridgehouse.combc's horn river gas playwhen where who how developments in alternative energyalternative energyin the newsnaikun wind energy advancing bc offshore wind projectfacts and newsfacts and newscoming events59directoryprofessional directorysummer doldrums for many junior miners6364