Greetings,
For those interested in following developments in the White Gold (Yukon) district, the following link will take you to a Stockhouse group devoted to this area:
http://www.stockhouse.com/Groups/GroupInfo.aspx?g=50437I posted the following information today. Join the group to receive regular updates.
WHITE GOLD AREA PLAY -- PARTICIPANT PROFILE UPDATE 06/13/09
SMD Strategic Metals (57mm o/s, MC $14.8mm @ 0.26/share) SMDseems to have the best fundamental situation of the lot (excluding UWof course) in terms of structure, cash and exposure to the area. SMDhas over $17 million in working capital, 15% share ownership, thereforeexposure, in ATAC (ATC:TSX Venture - see below, ATC is also exploringin the White Gold district), and holds its own properties in the area.SMD has also commenced a share buyback program, expiring in November2009 - to buy back up to 4.4 million shares of its stock. Trading atless than cash value, with no reason to further dilute shareholders, ashare buyback program in place, and exposure to the White Gold areaplay directly and indirectly, SMD looks to be in good position tocapitalize on any further action in the area. Note: The company alsoholds 8.975 mm shares of Rockhaven (RK:TSX Venture) for investmentpurposes, currently valued at $1.25 million.
AIX Alix Ventures (57mm o/s, MC $6mm @ 0.07/share) http://www.alixresources.comFromrecentnews release regarding AIX's 500 hectare acquisition: The Alixclaimsare tagged directly to the east of the UnderworldResources Inc.,Cathy150 and Cathy 148 quartz mineral claims andapproximately fourkilometresfrom Underworld's recently announceddiscovery of 103 metresof 3.4 gramsper tonne Au. The company recently raised $600,000 at0.06/share, andis considering raising further funding for thisproject. AIX also has acoal project close to GXS's discovery (GXSshares went from pennies to$19, now trading at $1.40).
KAM Kaminak Gold (37mm o/s, MC $17.8 @ 0.48/share) http://www.kaminak.comKAMhasthree properties in the district, totaling 7,680 hectares. TheKirkmanproperty is only eight kilometres from White Gold, while theCoffee andCream properties are 27 km from the discovery area. Thecompany hasannounced a course issuer bid to purchase 5% (or 1.8million) of itscommon shares through the open market - as of May 22nd,they have notpurchased a single share. They have over $4 million inthe bank, andare conducting a PP for $1 million at 0.45/unit.
ATC ATAC Resources (46mm o/s MC $16.1 @ 0.35/share) http://www.segroup.ca/s/home.aspADG Arcus Development (13.5 mm o/s MC $3.4 @ 0.25/share) http://www.segroup.ca/s/home.asp
ATCoptionedit's four properties in the White Gold area to ArcusDevelopments (ADG)on the following terms: ADG will earn 50% interestin the properties byissuing 1 million shares to ATC, payment of$185,000 and must expend$3.5 million on the property within 3 years.Arcus (ADG) must also raiseno less than $1 mm in funding to secure theoption.
ADG is justgetting going here, with a market cap of only$3.4mm. I suspect thereis plenty of upside here as the company raises$1 million or moredollars and gets going on the exploration program.
PEX Pacific Ridge (84 mm os/, MC $5.9mm @ 0.07/share) http://www.pacificridgeexploration.comPEXrecentlyjoined the rush into the White Gold district with theaquisition of 3properties, or 212 claims. No further details aregiven at this time.The company also has an encouraging phosphateproject in east-centralB.C. The company had $1mm in cash as at March31, 2009.
ABR Ashburton Resources (14.5mm o/s, MC $1.74mm @ 0.12/share) http://www.ashburtonventures.comABRhasoptioned 100% of the Burton Hills project located in the Tintinagoldbelt of Alaska. While not "next door" to White Gold, the propertybearssimilarities in geology, and is in a known gold district.