Frisco Creek
Yukon Golden Saddle - 40 Virgin claims with 466 Excess years of assessment work plus 10 year water license expiring Sept 2030
Property Details
| Location | Canada, Yukon |
|---|---|
| Commodities | Gold |
| Deposit Type | Placer |
| Mining Phase | Production |
| Asking Price | $350,000.00 USD plus 2% Royalty |
| Available Terms | For Sale, Negotiable |
| Listing Tier | Premium |
| Market Status | Listed |
Summary
Location and Access
Frisco Creek is located just downriver of where the White River enters the Yukon River, and upriver from the Stewart River. Frisco Creek is currently accessible by water and air. A 100,000 lb capacity barge owned by Schmidt mining brings in fuel and large equipment. Frisco Creek is in the heart of the “Golden Saddle”, the area where the hard rock staking rush in 2008 started. The hard rock in the area is now wholly owned by White Gold Corp. There is a great deal of information on their website about the ground surrounding and directly under the creek.
Description
Geology
Surficial geology and placer gold characteristics are reported for Operations No’s. 148 and 159 on Frisco Creek in Yukon Placer Industry 2010-2014. Stratigraphy consists of 2m of silt and peat overlying 2-4 m of gravel over blocky weathering quartz-mica schist bedrock. The gravels are well-sorted, imbricated, pebble cobble gravel. Coarse slide rock overlaps the gravels on the left limit.
The Stewart River area is unglaciated. Basement geology consists of at least five stacked thrust
sheets of lower to middle-amphibolite facies Yukon-Tanana schist and gneiss (MacKenzie, 2008).
History
There is historical data showing the "oldtimers" from the late 1800's worked in this area pre and post the great gold rush of 1898.
Essentially, a valid hard rock source(s) of native gold exists within the watershed of Frisco Creek, the area is unglaciated and course gold has been recovered at good grades and shallow depths strongly indicating that there is great potential for an economically viable placer gold operation in this watershed.
Additional Information
To be provided after signing confidentiality agreement.
Photos
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