The strategy of Daulton Capital Corp., a natural resources finance company, is to create option and joint venture projects with major and junior natural resource companies, seeking unique opportunities in under-funded projects within the resource sector. Their current area of interest is in the Yukon Territory, Canada, where they have identified promising gold projects in which they are now involved.
One of these opportunities is with well-known area prospector Shawn Ryan, who is credited with the initial discovery on Kinkross’ White Gold Property near Dawson City, and has done much to develop the current excitement about the area. Ryan was named Prospector of the Year, and was featured on the cover of Mining Markets, the quarterly flagship magazine for The Northern Miner, the world’s leading mining publication.
Mineral exploration spending in the Yukon has increased rapidly to over $100 million in 2007 and 2008. As a result of Ryan’s work, approximately 7,900 claims have been staked in the past several years by at least 20 junior mining companies. With Shawn Ryan’s valuable assistance, Daulton now controls some of the most sought after projects in both the Klondike and White Gold districts.
Under the arrangement with Shawn Ryan, he will retain a 2% net smelter return interest that requires an advance royalty payment in the amount of $30,000 beginning August 20, 2014. At the option of Daulton Capital, the net smelter return interest may be reduced to 1% upon making a $2 million payment.
The areas of interest have produced sample results that suggest major gold potential. The White Gold District lies within the Tintina Gold Belt (a 200-km-wide, 1,200-km-long arc running from northern British Columbia to southwest Alaska). It has produced 29.9 million ounces of gold in the past. The Golden Saddle deposit that became Underworld’s White Gold property may have been completely missed if not for Shawn Ryan’s relentless efforts.
For additional information, visit the company’s website at www.DaultonCapital.com
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