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VetaNova Inc. (VTNA) RSS Feed

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Created
10/26/07
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(updated as of latest 10-K filing @ August 13, 2010)

 

Yukon Gold Corporation, Inc. is a junior exploration company from Canada which recently shifted its focus to become a small-scale producer.
The company is currently in hibernation due to underfunding, it's looking for opportunities and financing to acquire a producing mine and continue operations.

 

The company fully owns a 20000 acre, Zinc-Copper-Lead volcanogenic massive sulphide (VMS) deposit in the Mayo District of Central Yukon, Canada, known as the Marg Deposit. The property lies within the Tombstone Gold Belt, world renowned for the discovery of major gold, silver and base metal deposits. 

Marg deposit's mineralization estimates as of drillings in 2008 are:

Category - NSR Cutoff - Tons (mill) - %Cu - %Zn - %Pb - Ag(g/t) - Au(g/t)
Indicated -------- $70 ---------- 5.70 -------- 1.52 -- 3.66 --- 1.91 ---- 48 ------- 0.78
Inferred ---------- $70 ---------- 2.15 -------- 1.18 -- 3.39 --- 1.63 ---- 38 ------- 0.65

Which at the current prices:

- Gold => 0.78 g/t * 5700000 tonnes * $39/g => $173,394,000

- Silver => 48 g/t * 5700000 tonnes * $0.58/g => $158,688,000

- Lead => 0.0191 * 5700000 tonnes = 108870 tonnes * $2040/tonne of lead => $222,094,800

- Zinc => 0.0366 * 5700000 tonnes = 208620 tonnes * $2030/tonne of zinc => $423,498,600

- Copper => 0.0152 * 5700000 tonnes = 86640 tonnes * $7200/tonne of copper => $623,808,000

TOTAL RESOURCE ESTIMATE VALUE (before recovery/mining costs) = $1,601,483,400

 

CURRENT SHARE STRUCTURE

Outstanding Shares: 41,839,535 (41.84M)

Authorized Shares: 150,000,000 (150M)

 

MARKET TIER

OTCBB (SEC reporting company)

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