Daulton Capital Corp. is a finance company focused on natural resource investments, specifically precious and base metals as well as oil and gas opportunities. The overall goal is to acquire resource projects and expand exploration, while continuing to seek special situations and unique opportunities in under-funded projects within the resource sector. Their specific objective is to partner with major or junior natural resource companies, developing option potentials or joint venture projects.
The company recently announced it will exercise its option interest on two major gold projects based in the Yukon Territory of northwest Canada, with the goal of securing a 100% interest in both properties. This newly discovered and internationally recognized area has produced significant drill results of 3.4 g/t of gold at 103 meters.
One of the key projects in the area is the Balarat Property, consisting of 38 Yukon Quartz Mining Claims located in the Dawson Mining District. The claim block covers 1900 acres straddling Balarat Creek, one of the main placer gold producing placer creeks in the Thistle Area (White Gold District). The Balarat Project covers a 98% percentile gold silt anomaly for the Thistle camp Area. According to the Geological Survey of Canada (GSC), and the Yukon Geological Survey (YTG) geology maps, the Balarat Project is covering mainly augen gneiss with minor amphibolites and quartz-mica schist.
Further positive evidence of significant gold is the GSC silts data. The GSC sampled many creeks in the area for gold and other elements. In the case of the nearby Underworld White Gold Project, the GSC silt sample results were 12 ppb Au. The Balarat Project silt values of 32 ppb Au represent one of the highest silt anomalies in the area. The ongoing company plan has been to prospect the anomalous stream and conduct an initial ridge and spur soil sampling program.
For additional information, visit the company’s website at www.daultoncapital.com
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