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The White Gold District lies within the Tintina Gold Belt (a 200-km-wide, 1,200-km-long arc extending from northern British Columbia into southwest Alaska) and is underlain by rocks of the Yukon-Tanana geologic terrane. This metallogical province has past production of 29.9 million ounces and 39.3 million ounces of resources for total gold resources of 69.2 million ounces. The Tintina Gold Belt includes such large gold deposits as Pogo (3.6 M ozs P & P reserves), Fort Knox (3.8 M ounces P & P reserves, 1.7 M ozs M & I resources), True North, Donlin Creek (29.3 M ozs Au Proven & Probable reserves, 6.0 M ozs Au Measured & Indicated resources) and Shotgun.
In May 2009 Underworld Resources Inc. announced a spectacular drill intersection of 3.4gpt over 104.0m on the Golden Saddle zone on the White Gold property located 75km south of Dawson City, Yukon. The resource at Golden Saddle includes 1,004,570 indicated ounces at 3.2gpt Au, with an additional 407,413 inferred ounces at 2.5gpt Au. At Arc, the initial resource includes 170,470 inferred ounces at 1.2gpt Au.
In March 2010, Kinross Gold Corporation launched a friendly takeover bid for Underworld valued $139.2-million.
In May 2010, Kaminak's first drill hole on its 100% owned Coffee Project, located in the White Gold District, intersects 17.1 g/t Au Over 15.5m.
The significant gold intercepts such as the ones recently reported by Underworlds management in the White River/Yukon River junction area are to date the largest ever recorded in the Yukon. This is the same area where history lays claim to the fact that the "Mother Lode" of the original Klondike Gold Rush was never found. There are many historians, engineers and geologists who firmly believe that this is now the time where and that the true "mother-lode" waiting to be discovered. It has been quoted by several knowledgeable mining industry personalities that this latest discovery could very well be the best new gold discovery in Canada over the last several years.
Location
Cache Exploration has a 100% interest in 9 claims covering approximately 4,680 acres of quartz claims in the White Gold District of central Yukon (within the roughly 150,000 sq km Tintina Gold Province). The claims are in the vicinity of the previously announced discovery (May 27, 2009) by Underworld Resources that stated significant results returning grades of 3.94 g/t Au over 59.4 metres and 3.59 g/t Au over 98.3 3 metres.
Geology and Previous Work
A predecessor company completed a Fall soil sampling program in 2010 and found several significant highs of Gold, Arsenic, Antimony and Molybdenum distributed over an area of 3 km x 2km.
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Area
(km)
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Maximum Values
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Number of Samples
>98th percentile
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Anomaly
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Au(ppb)
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As(ppm)
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Sb(ppm)
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Mo(ppm)
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Au
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As
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Sb
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Mo
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3 x 2
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26
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66
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4
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3
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3
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1
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1
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3
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Mineralization is mainly hosted within Permian quartzite schist and felsic gneiss, similar to the basement for the Klondike goldfield that has been metamorphosed to amphibolite-grade. While there are other metamorphosed units in the White Gold District, they were not as fractured and altered by hydrothermal fluid that resulted from middle Cretaceous to early Tertiary extensional faults. Subsequently, the quartzite was altered to a reduced mineral assemblage with graphite-arsenopyrite veins and associated disseminated arsenopyrite, pyrrhotite, and pyrite. The felsic gneiss was altered to an oxidized assemblage with associated sericite and hematization; where severely altered, there is abundant disseminated pyrite and veins. Gold mineralization is associated with disseminated and vein sulphides mainly in these two rock types (MacKenzie et al. 2010).
Within the White Gold District, Cache Exploration Inc holds titles to 9 claims in two claim blocks adjacent to the Kinross Gold Corp. property that is host to the Golden Saddle Zone. Cache Exploration Inc., as of June 2011, controls these claims and plans to follow-up encouraging soil anomalies that were completed in 2009 and 2010 by the predecessor company. Prospecting, soil sampling, and rock sampling is planned for July 2011.
MacKenzie, D., Craw, D., Cooley, M, and Fleming, A. 2010.Lithogeochemicallocalizasation of disseminated gold in the White River area, Yukon, Canada. Mineralium Deposita 45, 683-705.
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