The Yava Property is in the Mackenzie Mining District, in the Territory of Nunavut, approximately 450 kilometers northeast of Yellowknife. The project was acquired from Blue Moon Metals Inc. on October 2, 2024 a cost of $0.08 per ounce of contained silver in historic resource. It hosts a significant silver resource with great additional exploration potential. Yava is 45 kilometres from Glencore’s Hackett River project.
In 1976, Brascan Resources Ltd. estimated the Yava Main Zone to contain:
Dorian L. (Dusty) Nicol, the Company’s CEO (PG, FAusIMM), a qualified person as defined by NI 43-101, has reviewed the scientific and technical information presented on this website.
The historic preliminary resource estimate of 1.3Mt grading 1.03% Cu, 1.6% Pb, 4.96% Zn, 3.42 opt Ag and 0.008 opt Au was prepared for Brascan Resources Ltd. It is classed as a historic mineral resource estimate. A qualified person has not done sufficient work to classify this historic tonnage estimate as a current mineral resource and the Company is not treating the estimate as a current mineral resource. The historic resource estimate cannot be relied upon. Additional work, including verification drilling / sampling and remodeling, will be required to verify the estimate as a current mineral resource. In addition, the assessment of economic viability would need to be redone using current or foreseeable metals prices, which are higher than those used in the historic estimate.