Additionally, Goldstrike said it has qualified for a Yukon Government grant to help offset the cost of the planned 2014 exploration. The company intends to supplement the grant with a non-brokered private placement of up to 4 million flow-through units at C5 cents per unit to raise up to C$200,000. Each unit will be comprised of one flow-through common share and a purchase warrant. Each warrant will entitle the holder to purchase one additional non-flow-through common share at C10 cents for a period of two years after closing. No finder’s fee or commission will be paid in connection with the proposed financing. Proceeds from the offering will be used only for exploration of Goldstrike’s Yukon mineral properties.

ZINC/NICKEL – Manson Creek Resources Ltd. and partner Guatavita Gold Corp. June 23 reported the completion of a phase-1 field program on the Guaman zinc project in the Yukon Territory. The one week program included surface sampling, detailed mapping and prospecting, and further refining of drill targets. Manson Creek said the program has resulted in significant expansion of anomalous surface areas such as the Tell Gossan, and the discovery of a large bedded barite zone capping the favorable target base metal stratigraphy. Manson Creek President Jean-Pierre Jutras said, “We are strongly encouraged by new discoveries on the project. New surface sampling and geological mapping has conclusively tied large areas around previously reported point source gossans and metal rich seeps into large, coherent zones that are prime drill targets. The discovery of extensive packages of bedded barite exhalative units which are often associated with polymetallic volcanogenic or sedimentary hosted style massive sulfides deposits confirms the validity of our exploration model. The identification of mafic volcanic or sub-volcanic units in float, the first ever such confirmation in this area, all point towards the possibility of true grassroots massive sulfide potential which will be drill tested starting in July.” During the program, 186 new soil samples were taken in key areas. Samples were taken over the existing geophysical grid that was put in place for the 2012 induced polarization survey, and a new grid was established and sampled to the south, covering an area of 400 by 300 meters. These 186 samples averaged 0.53 percent zinc, including 76 samples above 0.1 percent zinc and 33 above 0.5; with the highest three values being 10.3 percent, 14.5 percent and 24.6 percent zinc. Nickel anomalies, which correlate with high zinc values, included 69 samples above 100 parts per million nickel, of which 33 were above 500 ppm, including 6,142 ppm, 5,763 ppm and 5,423 ppm nickel. Barium, associated with bedded barite exhalative units, also frames the nickel and zinc anomalies. Precious metal data (gold, silver), for which the analytical unit used in the field has very low thresholds, was not considered in this round of work. Based on geology, geophysics and surface sampling data, drilling in July will focus on an anomalous gossan-rich corridor with in excess of 700 meters of strike length by 100 to 300 meters wide. Manson Creek said this main target is overlain by a large, highly anomalous zinc, nickel and barium anomaly, extending some 400 meters by 300 meters at surface and is geologically associated to a large zone of outcropping bedded barite sequence with local width in excess of 22 meters. Further, this main target is underlain by a large zone of conductivity with coincident chargeability, all of which could be coherently explained by an unexposed, metal rich, massive sulfide- bearing productive horizon. A second anomalous area located to the south and associated with the previously reported Corona and Majestic gossans was also defined. Anomalous nickel and zinc samples were present in a large area related to gossanous deposits and active gossanous seeps over some 200 by 300 meters, with soil values ranging up to 12,000 ppm zinc and 984 ppm nickel.

POLYMETALLIC – Silver Range Resources Ltd. June 19 said it has purchased 100 percent interests in three advanced-stage zinc-lead ± silver prospects and acquired a strategically located claim that lies alongside its wholly-owned Keg Deposit. All of these claim blocks are located in Yukon Territory and are well-situated relative to infrastructure. “These acquisitions greatly strengthen Silver Range’s mineral holdings and are a significant milestone as we focus on projects with strong development and large-scale production potential,” said Doug Eaton, CEO of Silver Range. “The Mel Property has a sizable, open-ended historical resource with favorable metallurgy, and there is excellent potential for new discoveries in multiple zones. We expect to work with local First Nations and other partners to advance this newly acquired project, the Keg Deposit and Silver Range’s other prospects as rapidly as possible.” Silver Range is well-funded with no debt and about C$3.2 million in unallocated working capital. The newly purchased claims were acquired through two agreements. The first agreement with Kobex Minerals Inc. involved the purchase of 100 percent interests in the Mel and Barb properties for a sum of C$200,000. A finder’s fee of C$20,000 is payable to an arms’ length party in regard to this agreement. The Mel property is subject to an underlying 1 percent net smelter return royalty payable to Breakwater Resources Ltd. Both properties are subject to another 1 percent net smelter return royalty payable to Kobex, which can be purchased at any time by Silver Range for C$1 million. The second agreement is between Silver Range and Strategic Metals Ltd., Silver Range’s largest shareholder and a related party. This agreement involved an exchange of property assets, with Silver Range receiving 100 percent interests in the Michelle property and BP4 claim in return for a 100 percent interest in the Mint property. The BP4 claim is subject to a 2 percent net smelter return royalty payable to an arms’ length individual. There are no royalty interests on either the Michelle or Mint properties. The property exchange allows Silver Range to focus on its development objectives and preserve capital by disposing of a non-core property. The Mel property is the best quantified of the three new projects. It is located within a belt of important sedimentary exhalative zinc-lead deposits, which includes the Howard’s Pass deposits of Chihong Canada Mining, the Tom and Jason deposits of HudBay Minerals, the Cirque deposit of Teck Resources/Korea Zinc, and the Akie deposit of Canada Zinc Metals. It is situated 80 kilometers (50 miles) east of Watson Lake and 40 kilometers (25 miles) north of the Alaska Highway in southeastern Yukon Territory. The property consists of 257 mineral claims. Four sediment-hosted, zinc-rich zones have been identified on the Mel property: the Main Mel, Jeri, Jeri North and Mel East zones. In the late 1980s and 1990s, the Main Mel Zone was the focus of diamond drill programs that resulted in an indicated mineral resource of 6.78 million metric tons grading 7.1 percent zinc, 2.03 percent lead and 54.69 percent barite by International Barytex Resources Ltd. in 1994 using an inverse distance squared technique. The reader is cautioned that this is a historical resource estimate. The Main Mel Zone is open down dip and has good potential to host a larger zinc-lead resource. At the Michelle property, 16 zones of zinc-lead-silver ± gallium mineralization have been discovered within a 16-kilometer by six-kilometer (10 miles by 3.6 miles) area. Significant drill intercepts include 22.71 percent zinc, 17.38 percent lead and 510.7 g/t silver and 253 parts per million gallium over 7.94 meters. The Barb property also hosts high-grade silver-zinc-lead mineralization.