On the north side of the Yukon River, roughly 85 air miles from Dawson City, in the gold-rich Yukon Territory of Canada, Daulton Capital Corp. holds 94 Yukon Quartz Mining Claims, Daulton’s Ballarat Project. The claims are just 3 miles southeast of Kinross’s Black Fox Property, where recent drill results have intercepted grades of 103 meters averaging 3.4 g/t of gold, and straddle Ballarat Creek, one of the main placer gold producing creeks in the area. The claims cover 19 square kilometers in what is called the White Gold District, and contain highly metamorphosed terrains that are traditionally favorable sources for placer gold. The most famous bedrock source is the Klondike schist, which outcrops to the north of the Ballarat Creek region, and near Dawson City in the production area referred to as the Klondike.
The property is known for mineral concentrates, such as red garnets, magnetite, sulphides and titanium, as well as both coarse and fine gold, the coarsest recent gold nugget being about .375 inch. Historical records have indicated that 1103 ounces of gold were recovered in 1985 from the property. According to GSC (Geological Survey of Canada) sample data, Kinross’s White Gold project’s GSC silt sample results were 12 ppb Au, whereas the Ballarat Project silt values came in at much higher with 32 ppb Au. Moreover, the high silt data found on Daulton’s Ballarat Project represent one of the highest silt sample anomalies in the area.
It’s important to note that the Klondike Gold district has recorded placer production of over 13 M oz of gold and, according to the Associated Press, “The sources of that gold were never found.” Maurice Copron of the Yukon Geological Survey says the White Gold district find could be one of those sources, and that the mother lode is still out there.
The high silt data found on its Ballarat Project have resulted in Daulton planning to “fast track” the activities on the property. According to Daulton CEO Terry Fields, “Since the discovery of Underworld’s White Gold Project and subsequent takeover by Kinross Gold Corp., the entire area is becoming the focus of international attention.”
For additional information on Daulton Capital, visit the company’s website at www.DaultonCapital.com