TSX.V: KGC    Last: 0.06    Chg: 0.01    Vol: 805000

Current as of 2017-11-24 - 16:00:00 with a 15 minute delay

PROJECTS

IN THE NEWS

Kestrel Gold’s Rock ...  10. 5.2017
Kestrel Gold Inc. (“Kestrel” or the “Company”) (KGC:TSX-V) is pleased to announce results from its 2017 exploration program on the Dease Pr...

Kestrel Gold Obtains 1...  09.14.2017
Kestrel Gold Inc. (“Kestrel” or the “Company”) (TSX.V:KGC) is pleased to announce further exploration results and the commencement of a fol...

Kestrel Gold Inc. Anno...  09. 6.2017
Kevin Nephin, President and CEO of Kestrel Gold Inc. (“Kestrel”) states: “Kestrel acquired the Clear Creek property for its potential to host...


MINING IN YUKON

It was gold that opened up the Yukon country, drawing in the Klondikers during the 1896-98 gold rush.  There have been other gold rushes in Colorado, California, Australia and British Colombia, but none have ever surpassed the gold fever of the Klondike.

August 16, 1896 marks the first major discovery of gold in the Klondike.  Local miners soon staked claims and established the town of Dawson. The world was in the midst of an economic depression, causing people to rush to the Klondike seeking economic wealth. Over 100,000 optimistic stampeders rushed to the Klondike gold fields, with only 40,000 of them actually reaching the Klondike.

Placer gold (gold that has been eroded from its mother rock, and transported a distance away from where it was formed) mining still remains an important component of the Yukon’s economy both directly and indirectly (i.e. tourism). The total recorded placer fine gold production from 1885 to date is over 20 million ounces, valued at more than US $25 billion at today's prices.

Sources of Placer Gold still to be found

The Yukon, located in the far northwest corner of Canada covers an area of 482,443 square kilometres. The gold deposits in the Yukon were formed during the Mesozoic and Cenozoic eras - when the northern Canadian Cordilleran orogeny was formed. 

Given the amount of placer gold extracted in the area, locating the original source is the next step in the evolution of gold exploration in the Yukon. From comparisons with the Alaskan deposits that have been mined, the magnitude of gold potential in Yukon is very high.

Mining Conditions today

Yukon is a great place for mining operations. The Yukon government controls and administers its natural resources. Decisions about oil and gas, mining, lands, forests, and water are made by Yukoners. New initiatives are based on the principles of creating legal certainty, implementing regulatory efficiency, applying the principles of integrated resource management, and providing responsive client services. Yukon is entering a new era of economic partnerships and investment opportunities based on government-to-government relationships with First Nations, who are becoming full partners in the territory’s resource development.

Yukon is accessible, connected, and ready to help you do business. The territory’s physical infrastructure includes over 4,800 km of all-weather roads, an international airport plus 10 community airports, proximity to two ice-free ports, a broadband telecommunications network, and a clean, stable energy system. In addition, Yukon is strategically positioned for the global market place. With direct access to Asia via two ice-free ports in Alaska, Yukon companies are closer than ever to potential investors and buyers of their product.

Because of these advantages, Yukon's investment interest in mining operations has been growing again, both in exploration and development expenditures. New discoveries have been made in recent years and with the announcement in September 2017 by the Federal Government for the multi million dollar Resource Gateway Infrastructure Project, the way is being paved for many more mineral discoveries, in the years to come.