The Flume Property was acquired from Bearing Resources in 2016. 100% owned by Commander.
Located 70 km north of the Kaminak (Goldcorp) Coffee Gold Project and 40 km northwest from Kinross’s Golden saddle project in the White Gold District of the Yukon. The property was first staked in 1999 by Phelps Dodge who completed property wide soil sampling, rock sampling and trenching.
Most recent work on the Flume property was by Ryan Gold Corp (“RGC”) who In May 2013 terminated its option on the property after undertaking over $2.5 million in expenditures (including a nine diamond drill hole (2,307m) program in November 2012).
The results included the highlight hole F12-006 which included 2m of 5.76 g/t Au. Freeport Exploration Canada has a 2.5% NSR.
Ryan Gold completed property wide soil samples, detailed airborne geophysics and diamond drilling (9 holes, 2307m) in 2011 and 2012 costing about $3,000,000.
Target comprises 10 km X 2 km gold and arsenic soil anomaly underlain by meta-sediments and intrusives. Gold occurs in structures associated with pyrite, arsenopyrite, galena and quartz.
On March 6th, 2017, Commander entered into an agreement with K2 Gold Corporation (KTO:TSX.V) allowing K2 to acquire the Flume property. (Please see NR of March 6, 2017 for details of the deal).
- Flume Presentation (Aug 2016)