On June 9, 2026 LabGold announced that it had received the Class 1 permit for its proposed exploration for the Mariposa and Eureka Dome projects and that all contractors required to carry out the field program have been lined up.
Beyond the Headline
On June 9, 2026 LabGold announced that it had received the Class 1 permit for its proposed exploration for the Mariposa and Eureka Dome projects and that all contractors required to carry out the field program have been lined up. In addition, the TSX Venture Exchange has conditionally approved the Option Agreement dated May 8, 2026 with Pacific Ridge Exploration Limited (see the Company’s News Release dated May 11, 2026), but closing remains subject to final approval of the TSX Venture Exchange.
The 16,000 ha Mariposa project consists of 795 claims situated in the White Gold District and is 40 km southeast of the White Gold Project (Indicated resources of 1.73 Moz Gold and inferred resources of 1.27 Moz Gold) and 30 km east-northeast of Fuerte’s Coffee gold project (Measured and Indicated resources of 2.96 Moz and Inferred resources of 0.8 Moz).
Mariposa is considered to share many geological similarities to both the Golden Saddle (part of the White Gold Project) and Coffee gold deposits, including host lithologies, mineralization style and structural control. The age of gold mineralization at Mariposa (~155Ma) is consistent with that at Golden Saddle (163.5 to 155.5 Ma) and other prospects in the district, indicating that the mineralization is associated with a widespread orogenic gold event.
The property occurs at the headwaters of significant placer gold-producing creeks with historic placer production of 73,000 oz from Scroggie Creek, indicative of significant bedrock gold mineralization yet to be fully defined. Six significant gold occurrences have been delineated by over 13,000 soil samples to date, including the most advanced Skookum Main and Skookum West prospects. Drilling at Skookum Main in 2011 intersected 1.51g/t Au over 81.5m from 24.5m including 2.44g/t Au over 38.9m from 29.1m. Trenching at Skookum West returned 1.40g/t Au over 40m including 1.83g/t Au over 20m in SWTR12-11.
Work planned by the Company for 2026 is as follows (Figure 1):
1) 808-line kilometres of high-resolution airborne magnetic and radiometric surveying across the south of the property. Results will be merged with existing high-resolution coverage over the north of the property. Interpretation of the magnetic and radiometric data will provide key structural information and, when combined with soil geochemistry, is expected to highlight specific targets for follow-up drilling in 2027.
2) LiDAR surveying across the entire 156 square kilometre property collected at 10 points/square metre with 10 cm orthorectified imagery. The LiDAR data will significantly aid in mapping subtle geological structures which may be tied to bedrock gold mineralization. The survey will also identify areas of potential outcrop for follow-up prospecting and mapping this summer.
3) Grid soil sampling in the Alberta Creek – Hackly Gold area (~4,700 samples) and ridge and spur sampling mainly in the southern part of the property (~1000 samples). Grid sampling will complete coverage at Alberta Creek and extend across to link up with sampling in the Hackly Gold area. The ridge and spur sampling is a reconnaissance survey targeting areas of the property that have not yet been covered.
4) Ridge and Spur sampling at the Eureka Dome property to test the southern portion of the property, which has not yet been examined.
Comments
The discovery of the Golden Saddle Deposit in 2009 by Underworld Resources is recognized as the first major bedrock gold discovery in Yukon. This was followed soon after by the discovery of the Coffee Gold Deposit by Kaminak in 2010. These discoveries opened up a new wave of gold exploration in Yukon that continues to this day. However, as LabGold notes, the Mariposa property, despite its similar geological setting and style of gold mineralization to these discoveries, has not had much systematic exploration employing the same techniques that were successful in the discovery of Golden Saddle and Coffee. This is a good opportunity for LabGold, which is well-financed, to carry out the planned work program.
Figure 1
Source: Labrador Gold
Planned 2026 work areas at the Mariposa Project (LabGold press release June 9, 2026)
