Yukon Metals Targets Porphyry Core After Viper Drill Results At AZ

0:14Welcome back to Mining Stock Daily. Ian Wagner here with a corporate update from our friends at Yukon Metals. Yukon Metals is a gold and copper and multi-metallic explorer and developer in the Yukon. multiple projects. They trade on the CSE under the symbol YMC and on the OTCQB under the symbol YMMCF. We have covered the Yukon Metals story for quite some time now, so I would encourage any new listeners to go back to previous episodes to kind of catch up on all the progress to date. With us today is Mr. Jim Coates, CEO of Yukon Metals. Jim, good to see you. Welcome back to the podcast. Absolutely.

0:55Thank you, Ian. Yeah, and I know you're in London doing some some serious business, but you have just released news for your AZ project, a new copper gold molybdenum porphyry style system at the Viper Prospect. Tell us what that is, what you guys found, why it matters, why you're excited about it. Exactly. So the Viper Prospect is on our AZ project, which is one of our largest properties and Yukon Metals flagship in the western part of the Yukon, quite close to the Alaska border and the Alaska highway. And this was the first systematic drill test of a copper-gold molly porphyry target that we had identified in the fall of last year through one very early drill hole that was on a high-grade surface sample, followed by a noose polarization survey that showed high chargeability, low resistivity, And then a bunch of soils and rocks on the surface that all gave us really early indications that there might be a porphyry style mineralization here.

2:04So we planned three quite deep holes. Some of these were over 800 meters deep and drilled them earlier this year and just got the results back. And all the holes drilled in 2026 intersected widespread porphyry style alteration in the rocks and copper gold moly mineralization with the copper values generally increasing as we got deeper. And so the alteration pattern that we saw in that core, which is quartz, seracite, pyrite near the surface, magnetite, actinolite, biotite as you get deeper, and then K-Feldspar towards the bottom of the hole, plus the, I guess, all the surface data that we've got, support the interpretation that the drilling has tested, I guess, the upper levels or the margins of a new porphyry-style system.

3:01system. And this is really important because porphyries are one of the world's larger mineralized systems. Something like 70 % of the world's copper comes from porphyries. And this system with porphyry style mineralization is a long ways away from any other discovered porphyry. I think the closest one would be Western Copper's casino, which is several hundred kilometers to the north. And so we're very excited to see this style of mineralization and just to get confirmation that we're onto a system. And so now we've identified that we've got the right mineralization and we've this year did a lot of extra work around these drill holes.

3:49So soils, drone magnetics, three-dimensional induced polarization, And all of those point us towards a prospective mineralized corridor that extends sort of east and southeast beyond the current drilling. So the objective for us now is to plan next year's drill holes to vector towards a potentially higher grade core of the system. Yeah, and just a couple of things, I guess. How and where does a Viper relate to the other things you're drilling at AZ? You've obviously been drilling there and birch over the summer. Is this now sort of the main prospect in AZ or people that have been following what you guys have been doing there?

4:35How should they think about that? This is very much the main prospect on that property. We do have a number of other targets that are along this mineralized corridor that I talked about before. But this is very much our priority target, and this makes AZ even more of a priority property for us than it was when we started. So this is where we're going to be focusing a lot of our attention going forward. Okay. And then the molybdenum, were you expecting that? Surprising? How should you think about that? How should we think about that? I guess the molybdenum just adds to the picture. If you've got copper, gold, and moly in one system, with the other mineralization that we saw, and I mean particularly that Kefeldspar and quartz veining that we also encountered in the hole, it's just an additional confirmation that we are into a porphyry-style system.

5:36Okay, great. Well, listen, we'll catch up with you more as you get more essays out, more news on Birch or the other projects you guys have. Just one little tag question. What are you in London doing? What are you hearing? What's the exciting buzz? So the buzz in London is very much copper. And this adds on to the buzz that I heard last week at the Nordic Funds Convention in Stockholm. It's all about copper. There's a structural supply shortage that's being really amplified by the build-out of AI data centers, which consume huge amounts of copper. And just the copper story is what everybody's talking about right now.

6:16Where are we going to get new copper? And there have been so few major discoveries globally over the last 10 to 15 years of just no funding for Greenfield's copper exploration or discovery. That there's just nothing in the pipeline. And so that was by far the big theme. All right, Jim. Well, great to catch up with you. Appreciate the time. Enjoy your time in London. And we'll catch up again soon. Excellent. Thank you, Ian. Absolutely. That's Jim Coates, CEO of Yukon Metals. They trade on the CSE under the symbol YMC and on the OTCQB under the symbol YMMCF. The information presented should not be considered investment advice.

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