Faro North

Various Zn-Pb-Ag-Cu

Grassroots Prospect

197 claims ~4000 ha

Anvil Range District

Minfile: N/A

18526 Yukon Inc.’s Faro North project is composed of several different properties, the BP, the JIB and the LIB, which cover historic mineral occurrences and geochemical and geophysical anomalies over a combined 4000 ha of land in the mineral-rich Anvil Range.

The non-contiguous BP 1-6 claims were staked to cover known occurrences of zinc, lead, copper & silver following a broad NW-SE trend through the northern Anvil Range, with the idea of joining them into a larger project.  After optioning BP#4 from 18526, Strategic Metals Ltd. staked much of this project independently and recently used it to spin off the new company, Silver Range Resources.  The remaining BP claims pepper Silver Range’s claim block (On or near Minfiles 105K 076, 105K 079, 105K 086 & 105K 087 ).

The JIB property (132 claims) overlies an intense, coincident silver, zinc, lead, copper, cadmium and barite anomaly in regional stream sediment geochemistry.  The anomalous streams drain Cambrian to Devonian volcanic and sedimentary facies, roughly 10 km northeast of the Anvil Range Batholith.  Though little (if any) documented historical work has been done on the property, the ground appears to have great potential to host VMS or sedex zinc-lead-silver mineralization.  A few all-terrain-vehicle roads approach the JIB property from Faro, and could be upgraded to reach the property with relative ease.

The 60 LIB claims were staked over a region of elevated to anomalous zinc, silver, barite, mercury, lead and cadmium in stream sediment samples near a fault structure between Late Paleozoic and Triassic sedimentary units of the Omineca belt.  During a brief property inspection, lenses of massive pyrite were observed in an outcrop of black shales.

The Faro North properties lie between 20 and 35 kilometers northeast of the Faro Mine, which for a period in the mid 1970s was the largest operating open-pit lead-zinc (sedex) mine in the world.  Though the mine is currently closed, its proximity provides roads, power and a townsite base for future development projects in the Faro North area.