Board Change • Apr 14
No independent directors There are 4 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. No independent directors (4 non-independent directors). Director Abbey Olaiya is the most experienced director on the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. New Risk • Mar 11
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 17% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Shares are highly illiquid. Negative equity (-CA$722k). Revenue is less than US$1m. Market cap is less than US$10m (CA$972.7k market cap, or US$716.2k). Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (17% increase in shares outstanding). Board Change • Feb 17
No independent directors There are 4 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. No independent directors (4 non-independent directors). Director Mark Luchinski is the most experienced director on the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Board Change • Oct 18
No independent directors There are 4 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. No independent directors (4 non-independent directors). Director Mark Luchinski is the most experienced director on the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Board Change • Sep 12
No independent directors There are 4 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. No independent directors (4 non-independent directors). Director Mark Luchinski is the most experienced director on the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Board Change • Jul 31
No independent directors There are 4 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. No independent directors (4 non-independent directors). Director Mark Luchinski is the most experienced director on the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Board Change • Jul 02
No independent directors There are 4 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. No independent directors (4 non-independent directors). Director Mark Luchinski is the most experienced director on the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. New Risk • Apr 05
New major risk - Financial position The company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Shares are highly illiquid. Negative equity (-CA$534k). Shareholders have been substantially diluted in the past year (129% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$2.07m market cap, or US$1.46m). Minor Risk Large one-off items impacting financial results. Board Change • Feb 07
No independent directors There are 3 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). Director Mark Luchinski is the most experienced director on the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Anuncio • Dec 18
Citizen Mining Corp. signed a letter of intent to acquire Hardcore Discoveries Ltd. (CNSX:HARD) in a reverse merger transaction. Citizen Mining Corp. signed a letter of intent to acquire Hardcore Discoveries Ltd. (CNSX:HARD) in a reverse merger transaction on December 13, 2024. As proposed in the LOI, the proposed principal terms for the RTO are as follows: (i) prior to the closing, Hardcore will consolidate (the “Consolidation”) itsissued and outstanding common shares on a 2.5:1 basis (each post-Consolidation share, a “Post-Consolidation Hardcore Share”); (ii) in consideration for the Citizen Shares, Hardcore will issue one (1) Post-Consolidation Hardcore Share in exchange for each issued and outstanding Citizen Share; (iii) on or around the execution date of the Definitive Agreement, Hardcore will arrange for a loan of CAD 300,000 to Citizen, to be secured against all past, present and future acquired property of Citizen (the “Citizen Loan”); (iv) Citizen will complete a non-brokered private placement (the “Citizen Private Placement”) for gross proceeds of up to CAD 4,000,000 through the issuance of subscription receipts of Citizen (each, a “Subscription Receipt”) at an issuance price of CAD 0.40 per Subscription Receipt; and (v) reorganization of Hardcore’s board of directors, such that two directors will be nominated by Hardcore and three directors will be nominated by Citizen. As proposed in the LOI, following completion of the of the RTO, there will be an aggregate of 35,408,451 Post-Consolidation Hardcore Shares outstanding, 5,288,449 (14.9%) of which will be held by current shareholders of the Company, 20,120,002 (56.8%) of which will be held by shareholders of Citizen and 10,000,000 (28.2%) of which will be held by investors in the Citizen Private Placement (assuming a CAD 4 million raise is completed). Hardcore Discoveries announces that Mark Luchinski and Abbey Olaiya have resigned from their positions as directors of the Company.
Completion of the RTO will be subject to the satisfaction of various conditions precedent, including: (i) the receipt of all necessary regulatory approvals, authorizations and consents; (ii) receipt of all necessary corporate and shareholder approvals by the parties; (iii) there being no material adverse change in the business or operations of any of the parties from the execution of the LOI by the parties until the closing of the RTO; (iv) completion of the Citizen Private Placement; and (v) approval by the CSE of the RTO and all related filings, including a Form 2A Listing Statement. New Risk • Dec 04
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 119% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Negative equity (-CA$1.5m). Shareholders have been substantially diluted in the past year (119% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$1.12m market cap, or US$799.1k). Anuncio • Nov 22
Hardcore Discoveries Ltd. announced that it has received CAD 0.462 million in funding On November 21, 2024, the company has closed the transaction. Board Change • Jun 20
No independent directors There are 3 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). Director Mark Luchinski is the most experienced director on the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Board Change • Apr 25
No independent directors There are 3 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). Director Mark Luchinski is the most experienced director on the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Board Change • Apr 25
No independent directors There are 3 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). Director Mark Luchinski is the most experienced director on the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Board Change • Apr 09
No independent directors There are 3 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). Director Mark Luchinski is the most experienced director on the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Board Change • Feb 22
No independent directors There are 3 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). Director Mark Luchinski is the most experienced director on the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Board Change • Jan 23
No independent directors There are 3 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). Director Mark Luchinski is the most experienced director on the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Board Change • Aug 30
No independent directors There are 3 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). Director Mark Luchinski is the most experienced director on the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Board Change • Jul 07
No independent directors There are 3 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). Director Mark Luchinski is the most experienced director on the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 5 non-independent directors. Independent Director Charles Maddin was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Anuncio • Jul 09
Makara Mining Corp., Annual General Meeting, Sep 07, 2022 Makara Mining Corp., Annual General Meeting, Sep 07, 2022. Recent Insider Transactions • Jun 03
CEO, President & Director recently bought CA$66k worth of stock On the 31st of May, Grant Hendrickson bought around 886k shares on-market at roughly CA$0.075 per share. This was the largest purchase by an insider in the last 3 months. Grant has been a buyer over the last 12 months, purchasing a net total of CA$96k worth in shares. Board Change • Apr 27
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 6 new directors. No experienced directors. No highly experienced directors. 1 independent director (5 non-independent directors). CEO, President & Director Grant Hendrickson is the most experienced director on the board, commencing their role in 2019. Independent Director Charles Maddin was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Anuncio • Sep 23
Makara Mining Announces Receipt of Purported Requisition of a Meeting of Shareholders On September 20, 2021, Makara Mining Corp. announced that a purported notice of requisition of a general meeting of shareholders was delivered to the registered office of the Company on September 15, 2021. The Company stated that the purported requisition has been made by Thu Bich Thi Gui and Purita Querida and would, if valid, require that the Company call and hold a general meeting of shareholders, the purpose of the proposed meeting is to effect changes to the Board of Directors. Anuncio • Aug 28
Makara Mining Corp. announced that it expects to receive CAD 0.5 million in funding Makara Mining Corp. (CNSX:MAKA) announced a non-brokered private placement of up to 1,176,471 flow-through units at a price of CAD 0.085 per unit for gross proceeds CAD 100,000, and 5,333,333 non-flow-through units at a price of CAD 0.075 for gross proceeds of CAD 399,999.975, for aggregate gross proceeds of CAD 500,000 on August 27, 2021. Each unit consist of one common share and one common share purchase warrant. Each warrant will be exercisable at a price of CAD 0.10 for a period of 24 months from the date of issuance. Anuncio • Aug 24
Makara Mining Corp. announced that it expects to receive CAD 1.3 million in funding Makara Mining Corp. announced a private placement of common shares for gross proceeds of CAD 1,300,000 on August 23, 2021. The transaction will include participation from Jatinder Dhaliwal, a director of the company.
The company intends to receive $500,000 in its first tranche on August 25, 2021. Anuncio • Jun 30
Makara Mining Corp. Provides Updates on Exploration Activities in Canada and the United States Makara Mining Corp. provided the following updates on its corporate and exploration activities in Canada and the United States. The Company has been working on exploration planning for the 2021 season and particularly the necessary financing to do the required major exploration work. Makara is in talks with various groups with respect to the financing of drilling work on its large Yukon and Nevada mineral claims. The Company's focus remains on Gold/Copper porphyry systems which also includes the vein systems found proximal to porphyry centres. Funds raised will mainly be used on core and RC drilling programs with some spend on further soil geochemistry, geological mapping and geophysics. Yukon Mining Updates - There has been more positive news on the Yukon's Resource Gateway Project, located in the Dawson Range. The Canadian government, in partnership with the Yukon provincial government, recently announced that construction for the new roadway has commenced. The project, which is estimated to cost $469 million, will connect Makara to major transportation networks in the area and will add economic and logistical benefits for the Company. The Yukon Government's announcement comes after careful consideration and consultation with the area's First Nations peoples. The Resource Gateway Project is scheduled to be completed by 2024. Is New 90 Day High Low • Feb 23
New 90-day low: CA$0.46 The company is down 38% from its price of CA$0.74 on 24 November 2020. The Canadian market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 4.0% over the same period. Anuncio • Feb 11
Makara Mining Corp. Provides an Interim Update on 2,000-Meter Reverse Circulation Drill Program Results from its Rude Creek Gold Property Makara Mining Corp. provided an interim update on its 2,000-meter RC drill program results from its Rude Creek gold property in Yukon, Canada. Rude Creek Drill Program: The Property is well located in the Dawson Range of the Yukon, within 15 km of the Casino Cu-Au deposit and 50 km of Newmont's Coffee Creek gold deposit. The 2020 drilling program was undertaken to evaluate one of the better gold-in-soil anomalies well defined on the Property and to expand upon the encouraging results from hole RC19-09 drilled in 2019. The Target occurs within an excellent structural setting. Shallow focused RC drilling in 2020 was conducted from five separate drill pad locations. Pad 1 is the northern most pad, the other pads are in sequence approximately 50-75 metres south of the previous pad. Pad 5 is approximately 250 metres south of Pad 1. Several holes at various azimuths and inclinations were drilled from each pad. Seventeen holes (12 to 28) were drilled on the Target in 2020 and two holes (9 and 10) were drilled on the Target in 2019. The RC drilling technique collects a 1.52-metre down hole rock chip sample, resulting in a spatial resolution of 1.52 metres per assay sample. Note that all of the 2019/2020 RC drill holes have been completely sampled, in increments of 1.52 metres. The gold content of the assay results was determined by fire assay. This news release comments only on the gold content of sample intervals above 0.1 g/t with a minimum width of 1.52 metre. The detailed multi element assaying of all the Rude Creek RC rock chips indicates that the gold mineralization at the Target is hosted within several polymetallic vein occurrences. Geochemically anomalous amounts of silver, lead, copper, arsenic, bismuth and tungsten tend to accompany gold mineralization. Some of the stronger gold intervals occur with elevated silver grades (up to 76 g/t Ag) which could be of economic interest. More work on these metal associations is ongoing. Makara has received complete assays for eight holes with the balance of nine holes expected over the next month. The Company hopes to provide more complete mapping, modelling and detailed conclusions on the assay information, geology, mineralogy, structure and deposit type in approximately three months once all new assay, hyperspectral imaging, detailed geology, structural analysis and other imaging data sets are ready. Is New 90 Day High Low • Jan 26
New 90-day low: CA$0.51 The company is down 45% from its price of CA$0.93 on 27 October 2020. The Canadian market is up 15% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is down 3.0% over the same period. Anuncio • Jan 16
Makara Mining Corp., Annual General Meeting, Mar 17, 2021 Makara Mining Corp., Annual General Meeting, Mar 17, 2021. Anuncio • Dec 10
Makara Mining Corp. Provides Update on its Recently Carried Out RC Drill Program at its Rude Creek Property in Yukon, Canada Makara Mining Corp. provided the following update on its recently carried out RC drill program at its Rude Creek property in Yukon, Canada. The Company has been anxiously anticipating the assay results since early November for its 2,000 meter RC drill program. Unfortunately, due to COVID-19 related staffing delays at the Vancouver laboratory and Whitehorse sample preparation site, the Company now expects analysis to be postponed until the end of the year. The Company expects the large number of samples to be well-received by the public as they plan their 2021 drilling schedule for the three properties (Rude Creek-Yukon, Davis Mine & Paradise Valley Project-Nevada, and the Kenora Project-Ontario). Is New 90 Day High Low • Nov 17
New 90-day low: CA$0.75 The company is down 44% from its price of CA$1.35 on 19 August 2020. The Canadian market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is down 8.0% over the same period. Anuncio • Nov 14
Makara Mining Corp. Provides Corporate Update on its Three Properties Makara Mining Corp. provided the following corporate update on its three properties. Rude Creek, Yukon: Geological logging of the Rude Creek reverse circulation (RC) drill holes has been completed. The alteration of the granodiorite host rock first seen in the limited 2019 RC drilling program continues to be observed in the 2020 drilling. Makara is waiting for the assay information from the laboratory in Vancouver and initial results from the large number of samples submitted are expected near the end of November 2020. Although the assay results will be correlated directly with the drill logs, the Company will be seeking additional detail on the geology and widespread alteration and will engage Corescan Pty. Ltd. for further detailed mineralogical mapping of the RC chips. Corescan's expertise is in (i) data acquisition, core photography, 3D laser profiling and hyperspectral imaging, (ii) data processing, mineral identification, mineral mapping and spectral parameters through hyperspectral measurements covering a spectral range of 450 nm to 2500 nm at a spectral resolution of 4 nm. Integration of the Company's contiguous Idaho Property data and the Company's newly staked Win claims with Rude Creek is underway as plan the 2021 Yukon projects program. Davis Mine and Paradise Valley Project, Nevada: Field work at Makara's gold project near Gabbs, Nevada is underway. Preliminary geological mapping has begun, and senior consultants have been chosen by Almadex Minerals Ltd., partner. The plan is to have the northern Davis Mine area ready for drilling by March 2021. This work will involve compiling all past mapping with new mapping and integration of the previous drilling results. The major ground mapping effort of 2021 will be at the contiguous Paradise Valley project. Significant hydrothermal alteration of the geology has been noted at several locations at Paradise Peak, so the Company has chosen to use the new Worldview 2 Satellite Alteration Mapping system to map the project. The Worldview 2 system operates at an altitude of 770 kilometers and provides 46 cm panchromatic resolution and 1.85- meter multispectral resolution. Results from the Worldview 2 system are expected later this month and will be a great help to geologists in defining all zones on the property of significant hydrothermal alteration where gold mineralization may also be expected. Kenora Project, Ontario: The successful 2020 program of more detailed surface work (geology, geophysics and compilation) is nearing completion and the Company hopes to have an updated NI 43-101 report ready in December 2020. The decision on drill target selection will be made in early 2021 with a view to possible drilling prior to May 2021. Is New 90 Day High Low • Oct 27
New 90-day low: CA$0.86 The company is down 18% from its price of CA$1.05 on 29 July 2020. The Canadian market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is down 8.0% over the same period. Anuncio • Oct 08
Makara Mining Corp. Appoints Stefan Szary to the Company’S Board of Directors Makara Mining Corp. announce that it has appointed Stefan Szary to the Company’s board of directors. Mr. Szary is an independent businessman with over 15 years’ of experience consulting with publicly traded companies in respect of investor relations, corporate structuring, project acquisitions, joint-ventures, IPOs and secondary offerings. Anuncio • Sep 26
Makara Mining Corp. Completes Drill Program on Rude Creek Gold Project, Yukon Makara Mining Corp. announced that it has completed its reverse circulation (RC) drill program on its Rude Creek property in Yukon, Canada. Rude Creek is situated 12 kms southeast of the very large tonnage Casino copper-gold deposit, owned by Western Copper and Gold. The Casino deposit is being seriously considered for large-scale development. Newmont's sizeable Coffee orogenic gold deposit is located 45 kms to the northwest of Rude Creek. The Coffee Creek and Casino projects, together with the Rude Creek and other interesting gold projects in the area, are all contributing to the White Gold and Dawson Range gold belts becoming one of the most rapidly evolving regions of the Yukon. The potential quantity and grade of mineralization described herein is conceptual in nature as there has been insufficient exploration to define a mineral resource and it is uncertain if further exploration will result in the target being delineated as a mineral resource. Technical information in this news release has been approved by Grant Hendrickson, P.Geo. and 'Qualified Person' as defined under Canadian National Instrument 43-101 Standards of Disclosure for Mineral Projects. Anuncio • Sep 24
Makara Mining Corp. Extends Its Marketing Agreements with Media Relations Publishing and Promethean Marketing Inc Makara Mining Corp. announced that it has further extended its marketing agreements with Media Relations Publishing ("Media Relations") and Promethean Marketing Inc. ("Promethean") through the payment of an additional EUR 150,000 to Media Relations and USD 910,000 to Promethean. Pursuant to these renewed arrangements, Media Relations will continue to provide European-focused marketing services and Promethean will provide United States-focused marketing services and carry out an endorsed newsletter campaign. Anuncio • Sep 18
Makara Mining Corp. Provides Drill Update on Rude Creek Gold Project, Yukon Makara Mining Corp. provided an update on the Company's ongoing drill program at its Rude Creek Gold Project ("Rude Creek" or the "Project"), in the White Gold region of the Yukon, Canada. The drill program is focused on portion of the NE soil anomaly, which measures 1,000m by 1,600m in size. The program is progressing well and a total of 11 reverse-circulation ("RC") holes (totalling approximately 1,100 metres) have been completed to date. The remaining 9 RC holes (totalling approximately 900 metres) from the 20-hole program are expected to be completed over the next 10-14 days. Geological logging of RC chips is anticipated to begin over the next week. Of the nine holes completed to date, two of the holes tested directly above and below last year's standout hole (ROY-RC-19-09) which intersected a new zone of 9.15m of 1.42 g/t gold and 19.5 g/t silver. Four additional holes were drilled from a drill pad located 50m along trend to the southeast. These four holes were oriented approximately north, south, east and west, in order to test not only the main north-west trend, but also gold-bearing veins which may be oriented perpendicular to the main trend. Four more holes were drilled from a pad located another 50m to the southeast. The easterly-dipping hole on this pad was testing a soil anomaly with especially high gold-in-soil values (514 ppb, 207ppb and 612ppb gold) over a distance of 50m. The last hole completed to date is east-dipping on a drill pad located another 50m to the southeast, testing the highest soil value on the entire NE anomaly (1,167 ppb gold). Rude Creek is situated 12 kms southeast of the very large tonnage Casino copper-gold deposit, owned by Western Copper and Gold. The Casino deposit is being seriously considered for large-scale development. Newmont's sizeable Coffee orogenic gold deposit is located 45 kms to the northwest of Rude Creek. The Coffee Creek and Casino projects, together with the Rude Creek and other interesting gold projects in the area, are all contributing to the White Gold and Dawson Range gold belts becoming one of the most rapidly evolving regions of the Yukon. 
