In 2009 Stina acquired a 100% interest in the Kodiak Gold Property
in the Yukon White District which has been going through a modern
day gold rush led by Underworld Resources, and now Kinross, which
has shown strong drilling results on its Golden Saddle and Arc targets.
Stina's Kodiak Property consists of 152 claims covering 30 square
kilometers and ties on to the southern side of Underworld White
Gold Property, south of Golden Saddle. The Kodiak claim block also
straddles Thistle Creek, which was the richest placer gold creek
in the area, producing more than 63,000 ounces of placer gold since
the turn of the century.
The property also lies directly above the Kaminak Coffee and Latee
properties, which have seen a tremendous amount of recent drilling
A re-examination of the Geological Survey of Canada Database for
similar positive indicators of white-style mineralization on the
Kodiak property, found anomalous gold and arsenic levels in silt
samples collected from streams that drain from the Kodiak property.
The presence of elevated gold and arsenic values suggests potential
for mineralization similar to that identified on the Golden Saddle
and Arc targets.
As Kinross, Kaminak, and other junior mining companies operating
in the White District have had considerable success using soil geochemical
surveys to pinpoint areas of gold mineralization, Stina is optimistic
that its initial program will identify targets on the Kodiak Gold
Property. Stina has recently completed an initial sampling program
on the Kodiak, which could be fast-tracked if targets are identified
as there is an access road and airstrip along Thistle Creek.
Stina is now looking toward the upcoming exploration season to
further additional work programs on the Kodiak property in an attempt
to define a better understanding of the Kodiak property gold anomaly.