Yukon Premier Darrell Pasloski: Our Goal Is To Be The Number One Mining Location

TGR: Tell us briefly about the Yukon Mining Alliance.

DP: It's actually quite exciting. The Yukon Mining Alliance (YMA) is composed of Yukon's leading exploration and development companies, and those firms are focused on creating innovative capital attraction initiatives to promote Yukon as a top mineral investment jurisdiction, while at the same time promoting their companies and projects. The YMA initiatives include such things as going to international conferences and events with a mining investment focus. Senior Yukon government officials support these activities by going along and communicating to investors some of Yukon's key advantages. For instance, in September 2014 I went to the Denver Gold Forum with the Mining Alliance. A lot of companies are envious of the relationship that exists between the Yukon government and the mining industry here. It's a unique relationship. Not only are these company CEOs promoting their product, but essentially they're promoting Yukon as well.

TGR: That's rare in Canada. What are some companies that are demonstrating success in the territory?

DP: That's also pretty exciting. Victoria Gold Corp. (VIT:TSX.V) has certainly one of the most advanced projects in Yukon as it's already permitted for construction and hosts an NI 43-101-compliant reserve of about 2.3 Moz gold. Once it reaches production it will produce more than 200,000 ounces annually. The company continues to explore and add value. Victoria completed an exploration program on the Olive zone, part of the Dublin Gulch property, in 2014, and initial results demonstrate that it is a high-grade deposit that could be amenable to heap leaching, which increases the value proposition for Victoria and its shareholders.

There's been a lot of talk about Wellgreen Platinum. This project has the potential to become one of the world's largest, low-cost producers of PGMs and nickel from an open pit. It's accessible from the Alaska Highway. A recently released preliminary economic assessment (PEA) shows that its resource has increased fivefold in less than three years.

Another one is Kaminak Gold Corp. (KAM:TSX.V). Kaminak owns 100% of Coffee, a high-grade oxide gold project that is amenable to heap leaching. The company recently started a feasibility study following a robust PEA released last year.

Western Copper and Gold Corp. (WRN:TSX; WRN:NYSE.MKT) operates here in Yukon and owns 100% of Casino, a large gold-copper project that is in the permitting phase. Should it go ahead, it would be a significant contributor to Yukon's economy. The initial capital requirement is about $2.5 billion.

Another one is Capstone Mining Corp. (CS:TSX), which has existed for a number of years. The company is currently completing the work necessary to obtain its water license to begin stripping its newest open pit. Capstone is a real success story. One of the unique aspects of the Capstone project is that it's situated on land owned by the Selkirk First Nation. And because it's on First Nation land, 100% of the royalties accrue to the First Nation development corporation and the Selkirk First Nation citizens. That's a good example of how there can be a substantial direct benefit to First Nations as a result of the mining industry. Those are some companies that are quite exciting and that have projects that are moving along.

TGR: What are some companies that are at the early stages of exploration?

DP: Rockhaven Resources Ltd. (RK:TSX.V) is exploring its 100%-owned Klaza property, a high-grade, bulk-tonnage gold-silver prospect near Mount Nansen in southwestern Yukon. The company recently completed just under 20,000 meters of diamond drilling targeting high-grade gold and silver mineralization.

View single page >> |


1) Brian Sylvester conducted this interview for Streetwise Reports LLC, publisher of  more

How did you like this article? Let us know so we can better customize your reading experience.


Leave a comment to automatically be entered into our contest to win a free Echo Show.