The Coffee Discovery ......Since taking a position in POP over the past few weeks due to the impressive amount of DD provided by a few; Alphaflight, 2Fast, Yukon gold and a
couple of others, it lead me to perform a little DD on their sister company, Goldstrike and assume a position here as well. There was been alot to
wade through but my main interest, especially in having being a gold bug
for the last two years in Atac Resources, was to take a better look at the management, properties and geologists involved in this story. My focus
began with Trevor Bremner, the geologist involved with both sister
companies and with incredible credentials having held his prior position
as the former chief geologist with the Yukon Government.
I then went into the presentation for the ycsyndicate to the section entitled
"An Early Entrance Opportunity to the Yukon Gold Rush". www.ycsyndicate.ca
There were contained within that article several references to Kaminak's
new gold discovery and Atac's Orisis but then the article concentrated on the Pogo claims and Kaminak's numerous land packages. One particular
paragraph begged for further attention and went as follows:
"Some of the members of the YC Syndicate were the first people to discover the gold mineralization and the anomalous geochemical trends in the Coffee Creek area. Due to low gold prices at the time, they never trenched or drilled the area."
In another area of that presentation for the YC Syndicate under the heading
"The Syndicate" it states:
The same syndicate was the first identify and stake the Coffee Creek land
(Yukon Mining and Exploration Overview 2000, p14; Yukon Mining
Assessment Report #094064). The syndicate subsequently discovered gold
in soils and quartz float which Kaminak have carried forward and recently
had tremendous success with.
Due to the low gold price, the syndicate eventually stopped working in
the area because it was too difficult to raise funds to continue exploring for
gold in the Yukon when gold was below $300 per ounce. "
This was contrary to what I had come to understand about the original
discovery of the Coffee area, which lead to the next step of locating the
original geological and geochemical report . Within this report, I discovered
that both Peter Bryant and Terrace King, both directors in Petro One Energy,
ran these companies known as Prospector International and Prime Properties. The report stated as follows:
Summary
"An extensive research effort focussed on finding "Pogo Style" and other intrusion-related old targets within the western portion of the Yukon
Tanana Terrance of the Yukon Territory was conducted during the period February to March, 1999. The study resulted in the staking of 16 claim
blocks within six target areas located in west central Yukon. The OREGO,
BINGO and YOGO claims, located in the Coffee Creek area approximately
130 km south of Dawson City, comprise one of the target areas. "
"The 2000 Coffee Creek exploration program was conducted by Prospector International Resources Ltd during 18, 19, 20 and 23 of August, 2000. "
The company now known here as Goldstrike contains 24 prime locations within the Yukon and this Tintina goldbelt that were NOT let go of and may just well be the cream of the crop explored and staked by the same geologists and individuals responsible for some of the biggest discoveries known thus far in the Yukon outside of Atac resources.
There is more to this story yet to be researched and disclosed but this is just a start of what has yet to be realized by the markets.
https://yma.gov.yk.ca/094064.pdf