Yesterday after the closing bell, Daulton Capital updated investors concerning its current status and future initiatives. The entire release can be read below.
On Behalf of all shareholders, I would like to take this opportunity to provide a corporate update on the company’s extensive land holdings in the Klondike gold region and our vision for the future. I would also like to “personally thank our shareholders for their continued interest in and support of our Company,” Terry R. Fields, President.
We believe very strongly in the opportunity presented to Daulton Capital Corp. in the Klondike gold region. The world class discovery by Kinross/Underworld (White Gold property) in our region calls for us to initiate a very forward looking work program. We are pleased to be a part, with our over 200+ claims, of the excitement created in the region.
Daulton’s management believes these properties represent an excellent discovery-stage opportunity and exploration plans will include extensive trenching of existing soil anomalies, additional grid soil sampling, ground magnetic surveys and geological mapping. The goal of this work is to identify and prioritize diamond drill targets. Soil sampling is the most efficient regional exploration tool in the White Gold District and has demonstrated its success at identifying drill targets for both Kaminak and Kinross/Underworld.
The primary target on both properties is a near surface, bulk tonnage gold deposit analogous to Kinross/Underworld Resources Inc.’s discovery of the White Gold Project, which is located 19 miles southeast of Daulton’s Balarat creek property. We are also located only 10 miles northeast of Kaminak’s Supremo gold zone.
Access to the property is by road along the Klondike highway, east of the Hunker Creek road and from there the claims extend from the convergence of the Colorado Creek with Hunker Creek Southeast ward toward King Solomon Dome. The Hunker property is located southwest of the Tintina Trench, a major structural break in the regional geology of the Yukon. Rocks Northwest of the Tintina trench are part of the ancient North American Craton whereas rocks southwest of the Tintina trench are all part of the Yukon Tanana and younger accreted rocks and intrusions.
The Hunker Project
The Hunker Project consists of 121 Yukon Quartz Mining Claims located in the Dawson Mining District, Yukon Territory Canada. The claim block is situated 10 miles southeast of Dawson City and now stands on 6,000 acres (24 square kilometers) and straddles Hunker Creek, one of the Klondike’s famous gold producing placer creeks. The Hunker Project can be easily reached via an all weather road located along Hunker creek.
The Balarat Project
The Balarat Project consists of 95 Yukon Quartz Mining Claims located in the Dawson Mining District, Yukon Territory, Canada. The claim block is situated 3 miles southeast of Kinross’ Black Fox Property and covers 1,900 acres (7.6 square kilometers). The claim block straddles Balarat Creek, one of the main placer gold producing creeks in the Thistle Area (White Gold District).
Further developments in the properties and any other corporate changes will be announced as they become available. More information on Daulton Capital Corp. is available at the Company website: www.daultoncapital.com
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