The Keynote property is located adjacent to the prolific Keno Hill silver camp where 222.5-million ounces of silver have been produced up to the end of 2013. Alexco Resource Corp. has consolidated and continues to explore the camp for silver. Metallic Minerals Corp. is also exploring for silver on its significant land package located just north of Keynote. Taku however acquired Keynote for its gold potential. The Keno Hill-McQueston area is currently very busy for gold exploration with several projects ongoing. The most advanced is the Eagle Gold deposit where Victoria Gold Corp. has identified a proven and probable reserve of 2.66-million ounces of gold, and has forecast average gold production of 200,000 ounces of gold per year over an 11-year mine life2. Other companies with active gold projects include Banyan Gold Corp. (Aurex-McQuesten), Generic Gold Corp. (Goodman) and Zonte Metals Inc. (McConnell’s Jest).
Work to date on Keynote has located an anomalous gold-in-soil zone with values form trace to 292 ppb Au on the east side of the property. Surface rock grabs ranging from 175 to 553 ppb Au have been collected from this zone. The gold values are associated with sheeted quartz veins and elevated arsenic values. This style of mineralization appears to fit the reduced IRGS-type deposit model. Taku intends to complete a soil geochemical survey over the entire property in 2017.
In August 2017 Victoria Gold announced the start of the $40 Million Phase 1 Eagle Gold Mine construction program3. In March 2017, Alexco published a new Preliminary Economic Assessment stating anticipated payable production to be approximately 25.1 M ounces of silver, 77.3 M pounds (“lbs”) of zinc, 67 M lbs of lead and 4,870 ounces of Au over an eight-year mine life from four mines4. Average annualized payable silver production is anticipated to be 3.5 Million ounces per year.
- Hart, C.J.R., 2005. Classifying, Distinguishing and Exploring for Intrusion-Related Gold Systems. The Gangue: Geological Association of Canada, Mineral Deposits Division Newsletter 87
- Victoria Gold Corp. – News Release dated October 27, 2016
- Victoria Gold Corp. – News Release dated August 21, 2017
- ALexco Resource Corp. – News Release dated March 29, 2017