Junior
The Vancouver-based junior purchased a 100% interest in the 527 claims that comprise the Hyland property from
Situated 70 km northeast of Watson Lake in southeastern Yukon, the property completely surrounds two smaller properties: Hyland Gold, owned 70% by
Cash and Adrian’s Hyland Gold property covers a 1,000-by-200-metre oxidized gold zone that is partially defined by mechanized trenching, percussion drilling and diamond drilling. The best trench within the oxide material yielded 85 metres grading 2.3 grams gold per tonne, whereas the best drill intersection averaged 3 grams over 16.7 metres. Only a few drill holes tested the underlying sulphide mineralization, with intersections of up to 1.1 grams over 97.8 metres.
Nordac’s Cuz property lies 5 km south of Hyland Gold along the same projected structural trend. Initial work has outlined a gold-arsenic-bismuth soil anomaly associated with a remnant oxide zone. The anomaly has been neither trenched nor drilled.
The Hyland property covers the ground between these two targets, as well as the northerly and southerly strike extensions of the gold-bearing anticlinal structural zone. Reconnaissance soil and stream-sediment sampling has identified multi-element geochemical targets along the projected structural trend on Expatriate’s Hyland property.
In addition, airborne geophysical surveys have outlined a broad magnetic low extending from Cuz northward across the Hyland property and on to Hyland Gold. The axis of the magnetic low coincides with the northerly trending, gold-bearing fracture zone. The geophysical surveys also define a second magnetic low feature along what appears to be a parallel structure situated entirely on the Hyland property, 2.5 km to the west.
Expatriate acquired the Forty Mile property by staking. The property lies in a placer gold mining camp, 65 km northwest of Dawson City in the western Yukon. Several gold-bearing quartz veins have been exposed by placer workings on the property. The veins are up to half a metre wide and occur in a series of fracture zones up to 4 metres wide over a total width of 100 metres.
Expatriate is considering the possibility of forming joint ventures to explore the Hyland and Forty Mile properties, as well as its Aurex-Sinister property in the Mayo gold camp in central Yukon.
Expatriate recently completed its purchase of Boliden’s 60% interest in the Wolverine joint venture and certain wholly owned properties in the Finlayson Lake district of southeastern Yukon. Boliden, through its subsidiaries, now holds a 49.1% stake in Expatriate.
The Wolverine joint venture is host to the high-grade Wolverine volcanogenic massive sulphide deposit, which contains a resource of 6.2 million tonnes grading 12.66% zinc, 1.33% copper and 1.55% lead plus 370.9 grams silver and 1.76 grams gold per tonne. The advancement of the project has been stalled by metallurgical concerns caused by unusually high levels of selenium.
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