Yukon Metals Hits 250 g/t Gold, Expands Carter Gulch Footprint

By Kenneth Walker

VANCOUVER, British Columbia – February 20, 2026 – Yukon Metals Corp. has ignited fresh excitement in one of the world's premier mining jurisdictions, announcing spectacular high-grade gold discoveries at its Carter Gulch Property. A 2025 rock sampling program yielded assays as high as 250 grams per tonne (g/t) gold, prompting the company to significantly expand its land position in the historically rich area just 40 kilometres from Whitehorse.

The results, unveiled in a corporate update, stem from a targeted prospecting campaign focused on quartz veins. One float sample—a piece of rock transported from its original source by natural forces—returned the remarkable 250 g/t Au value, an exceptionally high grade that signals the potential for a rich mineralizing system nearby. This standout sample was part of a broader success story from the program, which saw nine of 27 rock samples return grades over 1 g/t gold, with these top samples averaging an impressive 17.8 g/t Au.

Following the discovery, Yukon Metals moved swiftly to stake an additional 68 quartz claims, expanding its holdings from a mere two claims to a consolidated block of 70, now covering approximately 1,462 hectares. This strategic acquisition secures not only the core area of the recent finds but also encompasses nearby historical showings, effectively reassembling a land package that was the focus of past exploration efforts.

“These high-grade gold samples collected from our Carter Gulch property are an exciting start to early-stage exploration on an easily accessible property,” commented Jim Coates, Interim CEO of Yukon Metals. “Additional staking has allowed us to secure the core areas of known mineralization at the Property while expanding our footprint to include nearby showings.”

A Golden Start at Carter Gulch

The 2025 sampling program was not just about a single headline-grabbing number. The results paint a compelling geological picture. Multiple samples returned multi-gram gold values, including standout assays of 118.5 g/t, 38.3 g/t, and 20.6 g/t Au. Crucially, this gold mineralization is accompanied by elevated concentrations of other metals, particularly lead, with values reaching up to 2.96%. The samples also showed heightened levels of silver, copper, zinc, and pathfinder elements like arsenic and antimony.

This multi-element signature is a classic hallmark of structurally controlled orogenic gold systems, which are responsible for some of the world's most significant gold deposits. The association suggests a robust mineralizing event and provides geologists with a chemical fingerprint to trace the system back to its source. While the highest-grade samples were classified as float, their oxidized nature and angular shape may suggest they have not traveled far, a tantalizing clue for the exploration team.

The selective nature of prospecting samples, as the company noted, means they are not representative of the overall grade of a deposit. They are, however, an indispensable tool for confirming the presence of high-grade mineralization and guiding future, more systematic exploration. The success of this initial program has validated the company's focus on Carter Gulch, a project within its extensive pipeline of 17 properties across the Yukon.

Consolidating Historical Ground

The decision to expand the Carter Gulch property is rooted in both the new discoveries and the area's rich exploration history. The ground has long been known for its gold potential, with prospecting in 1993 identifying the Carter Gulch (CG) Showing after a regional government survey in the 1980s flagged the area as anomalous for gold. That early work returned gold values of up to 142 g/t Au from quartz veins containing visible gold.

Yukon Metals' new claims now consolidate the land around the original CG Showing and also cover the Peppy Showing, another known gold occurrence about 1.5 kilometres away. Much of this surrounding ground had been explored in previous decades but was allowed to lapse, leaving a fragmented land package. By re-consolidating the claims, Yukon Metals has recreated a district-scale exploration target comparable in size to historical claim blocks, allowing for a more comprehensive and modern exploration approach across the entire mineralized trend.

The staking was completed by Vision Quest Drilling, a Kluane First Nation citizen-owned company, underscoring Yukon Metals' stated commitment to fostering local partnerships and sustainable growth within the territory.

The Yukon Context: A Modern Gold Rush

The Carter Gulch results land at a time of heightened interest in the Yukon, which is increasingly recognized as one of the world's last underexplored mineral belts with exceptional discovery potential. The territory has been the site of major recent discoveries, most notably Snowline Gold’s Rogue Project, which has demonstrated the potential for new, district-scale gold systems.

Yukon Metals itself has deep roots in this exploration landscape. The company's portfolio was built on over 30 years of prospecting by the Berdahl family, the same team credited for their work on Snowline Gold's assets. This lineage provides a layer of credibility and suggests a proven methodology for identifying high-potential targets in the Yukon's complex geology. While the vein-hosted, high-grade nature of Carter Gulch appears to fit an orogenic gold model, the broader structural and geochemical footprint that the company is now exploring could reveal a larger, more complex system.

The property's location adds a significant practical advantage. Situated just 10 kilometres from the Alaska Highway and with gravel road access to within two kilometres of the claims, the project is exceptionally accessible. This proximity to major infrastructure, including the service hub of Whitehorse, dramatically reduces the logistical challenges and costs often associated with exploration in Canada's North, making it an attractive asset for rapid advancement.

From Rock Chips to Resource: The Path Forward

With high-grade samples confirmed and a commanding land position secured, Yukon Metals is now preparing for the critical next phase of work. The company has outlined a clear path forward that includes more extensive surface sampling, detailed geological mapping to understand the structural controls on mineralization, and the definition of priority targets for potential future drilling.

This methodical approach is essential to transition from exciting but preliminary rock chip results to a defined mineral resource. The primary goal will be to locate the bedrock source of the high-grade float samples and to determine the width, continuity, and true grade of the vein systems through systematic channel sampling and, eventually, drilling.

For investors and industry observers, the Carter Gulch story represents a textbook case of modern mineral exploration: leveraging historical data, applying modern geological concepts, making a high-grade discovery, and strategically consolidating land to unlock the potential of an entire mineralized trend. The work ahead is substantial, but the initial results have placed this easily accessible Yukon property firmly on the map as a discovery to watch.