Yukon Minerals Corporation (Private search engine: YMCFSE: E770, UTQQB: YMMCF) (“Yukon Metals” or the “Company”) announces that it has entered into an option agreement (the “Agreement”) with Yukon geologist and prospector Ryan Burke (“Burke”) to acquire a 100% interest in the Sumo Copper-Gold Property (the “Sumo Property” or the “Property”), located approximately 10 kilometers (“Km”) east of the Company’s Birch Project in southwestern Yukon. The property includes 75 quartz claims totaling approximately 1,875 hectares, expanding the company’s land position within a potential district-wide copper and gold belt for porphyry and skarn-style mining (Figure 1).
Highlight
- Option to acquire the Sumo property, located approximately 10 kilometers east of the company’s Birch Project in southwestern Yukon.
- 75 quartz claims (~1,875 hectares) covering multiple kilometre-scale copper, gold and molybdenum targets
- Significant sampling identified multi-element copper, gold and molybdenum anomalies throughout the property, including a new 1.1 km by 600 meter copper and gold target located approximately 1.2 km from previous drilling sites, all of which had not been tested by drilling.
- Historical diamond exploration operations conducted by Sumac Mines Ltd. have confirmed… (A subsidiary of Sumitomo Metal Mining Co., Ltd.) Copper and gold mineralization; The substance remains available on site for future verification by the company
- The company is currently compiling historical exploration data and evaluating priority targets for follow-on geological mapping, geophysical surveys and targeting drilling
“The addition of the Sumo property strengthens our exploration portfolio in the region,” said Jim Coates, CEO of Yukon Metals. “Ryan Burke has done a significant amount of work exploring this land, and we are pleased to build on that foundation. With both the Sumo and Perch copper and gold exploration properties on the same geological trend and only 10 kilometers apart, the similarities between the two represent a compelling opportunity to develop an integrated exploration program. This acquisition adds meaningfully to Yukon Metals’ copper and gold exploration thesis.”
Figure 1 – Location of the Sumo property and other Yukon Metals projects in the area.
The Sumo property was identified through regional prospecting by Burke, a well-known Yukon-focused prospector also responsible for the creation of the Catch District in southwestern Yukon, and was subsequently selected by Agnico Eagle Mines Limited from Cascadia Minerals Ltd. – Highlighting the interest of major mining companies in region-wide exploration opportunities in southwest Yukon.
This option reflects the Company’s strategy of expanding its terrestrial position within the prospective copper and gold belt and achieving favorable porphyry and skarn style mining targets. The planned exploration will include geological mapping, geochemical sampling and geophysical surveys to refine priority targets throughout the property.
About the Sumo feature
The SOMO property is strategically located in southwestern Yukon approximately 10 km east of the Company’s Birch Project, with direct access to regional infrastructure including a road within 15 km and the 37 MW Aichihike hydroelectric power station approximately 80 km away along the same road corridor.
The Sumo property hosts numerous copper, gold and shale soil geochemical anomalies across several target areas on a multi-kilometre scale, making it a highly potential exploration opportunity for porphyry and skarn-style mineral systems.
Figure 2- Location of the SOMO property compared to the company’s other projects and Lake Aichihik Road (in black).
Historical exploration of the property includes a helicopter-borne electromagnetic and magnetic survey completed in 2011 and approximately 28 km of induced polarization geophysics in 2012, completed by previous operators. Subsequent exploration work was completed between 2013 and 2015 by Sumac Mines Ltd., a subsidiary of Sumitomo Metal Mining Co., Ltd., which included geological mapping, geochemical sampling and 19 diamond drill holes totaling approximately 7,300 meters targeting copper, gold and silver mineralization associated with the structures and skarn horizons along the margin of the Ruby Range. The drill core resulting from this work remains stored on site and may support future verification programmes. The results of these programs are indicated in historical technical reports, but have not been independently verified by the Company.
The exploration completed by Burke in 2024 included a soil grid of 397 samples covering approximately 3 x 2 km that identified coherent multi-element copper, gold, and molybdenum anomalies, including peak values of 587 ppm copper, 409 ppm gold, and 4.1 ppm molybdenum. These anomalies identify priority targets that are largely untested by drilling. Surface sampling completed by Burke in 2025 identified a new copper and gold target located about 1.2 kilometers from the previous drilling sites and measuring about 1.1 kilometers by 600 metres. Sampling across multiple target areas on the property also returned high values for copper, gold, silver and molybdenum. Rock samples are selective in nature and may not represent mineralization on the property.
The company is currently compiling historical exploration data and evaluating priority targets for follow-on geological mapping, geophysical surveys and targeting drilling.
Option terms
Sumo Property – Option Agreement Summary
The Company has entered into an agreement giving it the sole and exclusive option to acquire 100% ownership percentageIn the Sumo feature (the “optionTo retain the option, the company must make a lump sum payment and issue common stock of the company (“).shares“), according to the following table:
| End date | monetary | shares | a job Expenses |
| April 24, 2026 | $22,500 | 150,000 | — |
| April 13, 2027 | $22,500 | 150,000 | $150,000 |
| April 13, 2028 | $50,000 | 200000 | $200,000 |
| April 13, 2029 | $50,000 | 250,000 | $350,000 |
| April 13, 2030 | $100,000 | 250,000 | $900,000 |
| April 13, 2031 | $150,000 | 500000 | $2,000,000 |
| the total | $395,000 | 1,500,000 | $3,600,000 |
When exercising the option:
- eagle: Burke retains 2.5% net smelter revenue; The company can buy back 1% of it at any time in exchange for paying 750 ounces of gold or its equivalent in cash
- Advance royalties: 3 ounces of gold or cash equivalent per year beginning March 1, 2032, up to a maximum of 45 ounces of gold or cash equivalent, and these advanced royalties will be credited against future royalty payments upon commercial production at Sumo Property
- Important batch: If a resource or reserve exceeding 1,000,000 ounces of gold equivalent is specified in National Instrument 43-101 – Disclosure standards for mineral projects ((It is 43-101Technical Report Burke will receive US$1.00 per ounce of gold identified; paid in cash or shares (10-day VWAP), provided that Burke’s contribution to the Company does not exceed 19.9% of the Company’s total issued share capital
All shares issued under the agreement will be subject to a hold period of four months and one day in accordance with applicable Canadian securities laws.
Qualified person
The technical content of this news release has been reviewed and approved by Helena Kwikka, P.Geo., Vice President Exploration for Yukon Metals and a qualified person as defined in NI 43-101.
About Yukon Minerals Corporation
Yukon Metals is well-funded and represents a real estate portfolio built on more than 30 years of exploration by the Berdahl family, the exploration team behind Snowline Gold Corp.’s portfolio of primary gold assets. Yukon Metals’ portfolio consists primarily of copper, gold, silver, lead and zinc assets, with a significant tungsten, gold and silver component. The company is led by a board of directors and an administrative team with experience in various technical and financial specializations.
Yukon Metals is focused on promoting sustainable growth and prosperity within Yukon communities, while simultaneously enhancing stakeholder value. The company’s strategy revolves around inclusivity and shared prosperity, giving community members and investors the opportunity to contribute to and benefit from its projects.
Yukon
The Yukon Territory is an unexplored, mineral-rich region with a mining history dating back to the Klondike Gold Rush of 1898. Thanks to a progressive permitting system, geopolitical stability and a supportive government, it is well-positioned to foster the next generation of mines. Yukon hosts a highly experienced and conscientious local workforce, supported by a long culture of exploration coupled with a deep respect for the land. Recent major discoveries with local roots, such as Snowline Gold Corp.’s Rogue project, are emerging. – Valley Discovery, Yukon’s ability to generate new mining opportunities region-wide.
“On behalf of the Board of Directors of Yukon Minerals Corporation.”
“Jim Coates”
Jim Coates, CEO
Email: (email protected)
For additional information please contact:
Lindsey Wilson
Vice President of Investor Relations and Communications
Yukon Minerals Corporation
Email: (email protected)
Phone: 1 (778) 996-2192
Cautionary note regarding forward-looking information
This press release contains certain forward-looking information, including statements regarding the Company’s ability to obtain the option through the completion of required work expenses, issuance of stock and cash payment, in the amounts and timelines required by the agreement, the geology and prospects of the Sumo Property, the interpretation of historical exploration results including geochemical, geophysical and diamond drilling programs, the presence and potential extent of copper, gold and silver mineralization and the potential for porphyry and skarn style. The mineral systems at the SOMO Property, the Company’s planned exploration activities at the SOMO Property, including geological mapping, geochemical sampling and geophysical surveys to refine priority targets across the SOMO Property, the progress of exploration objectives in the Birch Project Area and surrounding area, the potential for future mineral discoveries, and the Company’s future plans and objectives. Whenever possible, words such as “may”, “will”, “should”, “could”, “expects”, “plans”, “intends”, “anticipates”, “believes”, “estimates”, “predicts” or “potential”, or the negative or other forms of these words or similar expressions, are used to identify forward-looking information. These statements reflect management’s current beliefs and expectations and are based on information currently available to management as of the date of this news release.
Forward-looking information involves significant risks, uncertainties and assumptions. Many factors could cause actual results, performance or achievements to differ materially from those discussed or included in the forward-looking information. These factors include, among others: risks and uncertainties relating to the Company’s ability or decision to acquire the option; The sumo property must not be a porphyry and skarn style mineral system or a potential geological system rich in copper, gold or silver; The rock samples and drill results analyzed do not represent the overall mineralization; Assumptions required for completed induced polarization geophysics and helicopter-assisted mapping and sampling programmes; any assumed similarity between Project Birch and Project Sumo based on their proximity; Lack of significant scale and shortage of economic grade metals; Yukon does not have the capacity to generate new regional mining opportunities; and other risks and uncertainties. See the section entitled “Risk Factors” in the Company’s Listing Statement dated 30 May 2024, which is available under the Company’s profile on SEDAR+ at www.sedarplus.ca for additional risk factors. These factors should be considered carefully, and readers should not place undue reliance on forward-looking information. Although the forward-looking information contained in this news release is based on what management believes to be reasonable assumptions, the Company cannot assure readers that actual results will be consistent with the forward-looking information. Forward-looking information is made as of the date of this press release, and the Company undertakes no obligation to update or revise the information to reflect new events or circumstances, except as required by law.
