Yukon Zinc AR 05 - Yukon Zinc Corporation

FINLAYSON DISTRICT EXPLORATION & DEVELOPMENT
2006 EXPLORATION PLAN
The Finlayson District contains potential for discovery of
significant additional resources of zinc, copper, lead, silver
and gold that could form the basis of a long life mining camp.
The following table provides a summary of the resources of the
Wolverine and other deposits in the Finlayson District, along
with Logan. It is expected that over time consolidation may
occur in the District providing development synergies.
Yukon Zinc's initial priority is to advance Wolverine to
development. A parallel but separate initiative is to reinstate
the exploration discovery track that ended in 1997 due to
concerns on selenium and low metal prices. Exploration of the
Finlayson District is planned to resume in 2007.
The development of Wolverine will provide the new
infrastructure that will facilitate future development in the
District. The successful construction and operation of
Wolverine would provide the base for development of a long
life sustainable mining future in the Finlayson District.
Exploration in the Finlayson District during 2006 will be
modest with a small amount of drilling planned for the Money
claims and minor work in support of ongoing claim
assessment. A small amount of continued exploration is
planned on the Company's claims in the Rancheria District in
southern Yukon.
RANCHERIA DISTRICT
The district hosts numerous carbonate-hosted zinc-lead-silver
deposits with similarities to the major manto deposits of
Mexico with its world class silver districts. The Logan deposit is
unusual as it occurs within a granitic intrusion in this terrane.
Further west of the platformal carbonate strata are mixed
volcanic-sedimentary strata that host zinc-copper-lead-silvergold
occurrences including the Swift property.
District Reserves and Resources, March 2006
Wolverine 1 Ice 2 Logan 3 Kudz Ze GP4F 5 Kona 6 TOTAL
Kayah 4
CONTAINED
METAL
Ownership 100% 100% 60% 100% 100% 100%
Yukon Zinc Yukon Zinc Yukon Zinc TeckCominco TeckCominco Pacific Ridge
Tonnes 4,511,000 4,500,000 13,080,000 13,720,000 1,500,000 8,200,000
Zn % 12.04 5.10 6.0 6.40
Cu % 1.15 1.48 0.9 0.10 2.1
Pb % 1.57 1.61 3.10
Au g/t 1.68 1.38 2.0 0.73
Ag g/t 351.5 23.7 139.2 90
Zn pounds 1,197,372,000 0 1,470,644,500 1,814,826,700 211,641,600 4,694,484,800
Cu pounds 114,367,000 146,825,300 0 272,224,000 3,306,900 393,521,000 930,244,200
Pb pounds 156,136,000 0 0 486,978,000 102,513,900 745,627,900
Au ounces 243,600 0 0 608,720 96,450 192,000 1,140,770
Ag ounces 50,979,000 0 9,996,000 61,401,200 4,340,300 126,716,500
1. Wolverine Resource ( Measured and Indicated ) Zukon Zinc Corporation, January 10, 2006; also 1,694,000 tonnes of Inferred resources
grading 12.16% zinc, 1.23% copper, 1.74% lead, 1.71 g/t gold and 385.15 g/t silver.
2. Ice Indicated Resource Derry, Michener, Booth and Wahl, 1998.
3. Logan Inferred Resource, Hatch Associates Ltd, March 24, 2004.
4. Kudz Ze Kayah Indicated Resource, Hatch Associates Ltd. November 2000 Prefeasibility Study Report
5. GP4F Geological Resource (Inferred) Cominco Ltd. 1999 Annual Report
6. Kona Geological Resource, Pacific Ridge Exploration Ltd.
YUKON ZINC 2005 ANNUAL REPORT
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