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Shanghai sits inside the northwest portion of the Yukon’s Tombstone Gold Belt, considered one of North America’s most lively and gold-endowed mining districts, and residential to the well-known Klondike goldfield (Determine 1). Latest exploration of the Tombstone Gold Belt by Snowline Gold Corp (Valley mission), Sitka Gold Corp (RC Gold mission), Banyan Gold Corp (AurMac mission) and Sanatana Sources Inc have highlighted the potential for main new gold discoveries and worth creation.
Highlights:
- Proximity of Shanghai to infrastructure and competitor gold/silver initiatives has enabled a fast begin to subject work;
- Excessive grade gold and silver values (1.1 oz/tonne Au, 790.5 oz/tonne Ag) reported from historic trenches to be adopted up instantly. Location of those trenches can now precisely be decided with fashionable LiDAR knowledge;
- Challenge is undrilled regardless of sitting inside a number of websites of exploration, useful resource estimation and mining by peer firms;
- Class 3 allow in place that permits speedy drilling, entry building and camp institution;
- Challenge held by T2 Metals beneath possibility with extremely regarded explorer Shawn Ryan;
This primary subject program by T2 Metals will comprise a helicopter-supported group to gather rock chip and soil samples within the neighborhood of geochemical anomalies found by earlier soil and rock sampling campaigns. Moreover, the group will subject test and pattern historic workings which focused high-grade silver-base steel veins of Keno Hill fashion (see T2 Metals’ press launch dated September 10, 2025). Shanghai lies solely 6 km from Banyan Gold Corp’s AurMac camp and 35 km from the Mayo airfield, making helicopter help from both location very environment friendly.
Fieldwork will give attention to two distinct areas and goal kinds:
- Zone 1: the world masking and surrounding the historic Shanghai Silver Mine the place Keno Hill – fashion silver (“Ag”) – zinc (“Zn”) – lead (“Pb”) – gold (“Au”) mineralization was developed underground within the Nineteen Sixties by Silver Titan Mines; and
- Zone 2: areas with multi-element and gold soil anomalism that counsel the presence of intrusion associated Au mineralization.
The Zone 1 goal covers the Keno Hill Quartzite that lies instantly beneath the Robert Service Thrust Fault, in a geological setting that matches that of the close by Keno Hill mines. Exploration by Silver Titan Mines Ltd on the Shanghai Silver Mine reported excessive silver grades from underground workings that adopted veins together with 9.1 m @ 1182.8 g/t Ag, 8.2% Pb and seven.2% Zn (common width of 1.5 m) (Yukon Minfile 105M 028).
Trenches dug between 1960 and 1966 by Silver Titan Mines Ltd alongside strike from the Shanghai Silver Mine have been positioned using an airborne LiDAR survey carried out by mission accomplice Shawn Ryan (Determine 3). Sampling reviews from these trenches (see Yukon Minfile #105M027 and Minfile #105M028) describe extremely fractured quartz veins and reported seize samples which contained 1.1 oz/t Au, 790.5 oz/t Ag, 0.4% Pb, and 10.4% Cu related to a halo of chlorite alteration (see Yukon Minfile #ARMC005629 and Doherty, R. A. 2022)*1.
Further historic trenching has been recognized utilizing LiDAR on the Titan prospect, which lies 5.5km from the Shanghai Silver Mine in an analogous setting related to northeast trending faults beneath the Robert Service Thrust Fault (see Determine 3).
These reported samples and observations, together with excessive values of Ag, Au, Zn, and Pb in additional regional soil samples, suggests potential for Keno Hill – fashion polymetallic mineralization (Determine 2).
Determine 1: Regional Location of the Shanghai Challenge, Yukon Territory, Canada.
See Desk 1 for added data on resource-stage initiatives and supporting NI43-101 report references.
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The Zone 2 goal is positioned inside the Higher Proterozoic Hyland Group Yusezyu Formation comprised of phyllite and uncommon calc silicate rocks that sits above the Roberts Service Thrust Fault in a setting analogous to Banyan Gold Corp’s AurMac deposit. Exploration on this space will give attention to broad areas the place prior soil samples by accomplice Shawn Ryan found anomalous gold, antimony (“Sb”), and arsenic (“As”) which can be coincident with Late Cretaceous age quartz monzonite / granodiorite intrusions, known as “Tombstone Intrusions” (Determine 4). This affiliation of Au-Sb-As and the presence of Tombstone Intrusions is often noticed at different intrusion-related gold deposits together with these additionally being explored by Sitka Gold Corp and Snowline Gold Corp.
Determine 2: Goal Areas for comply with up in subject program based mostly on soil geochemistry. Au-Ag-Zn affiliation highlights “Keno Hill” fashion sliver mineralization under thrust fault. Zone 1 – southern; Zone 2 – northern.
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Determine 3: Picture of LiDAR knowledge collected by Shawn Ryan that highlights historic (Nineteen Sixties) mechanical trenching
and entry improvement on the Shanghai Silver Mine and Titan Prospect.
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Mark Saxon, CEO of T2 Metals Corp. stated “Shanghai is near main gold initiatives which delivers each excessive prospectivity and simplified logistics. We have now managed to hit the bottom operating using native helicopter and camp amenities to comply with up current targets. The work historical past on the Shanghai mission is proscribed contemplating its geological potential, as a result of personal possession by Shawn Ryan for greater than 20 years. It’s thrilling to have the chance to attract collectively historic trench sampling that found excessive grade gold and silver, with fashionable LiDAR, to determine new undrilled targets.”
Determine 4: Goal Areas for comply with up in subject program based mostly on soil geochemistry. Au-As-Sb affiliation highlights “Tombstone Intrusion” fashion gold mineralization above thrust fault. Zone 1 – southern; Zone 2 – northern.
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https://pictures.newsfilecorp.com/recordsdata/7326/267731_343b95f8b4801939_005full.jpg
Concerning the Historic Shanghai Silver Mine
The Shanghai Silver Mine is hosted by the Keno Hill Quartzite instantly under the regionally intensive Robert Service Thrust fault. It lies on the northern limb of the McQuesten Antiform, presenting a mirror picture of the Keno Hill camp discovered on the southern limb of this antiform.
Throughout the 1960’s the Shanghai Silver Mine was explored by Silver Titan Mines Ltd with near 800 m of underground improvement. Assays reported from underground workings that adopted veins included 9.1 m @ 1182.8 g/t Ag, 8.2% Pb and seven.2% Zn (common width of 1.5 m) (Yukon Minfile 105M 028).
Concerning the Tombstone Gold Belt
The Tombstone Gold Belt, a element of the bigger Tintina Gold Province, is a extremely potential metallogenic province within the Yukon, with a spread of well-known and rising gold discoveries. The belt is characterised by a collection of mid-Cretaceous, lowered, felsic intrusions referred to as the Tombstone Plutonic Suite. These intrusive our bodies and the encompassing host rocks have created situations for the formation of quite a few Intrusion-Associated Gold Techniques (IRGS). Exploration efforts have recognized a number of mineralized corridors with gold hosted in sheeted quartz veins and disseminated mineralization inside each the intrusive our bodies and the hornfelsed nation rocks.
Gold mineralization within the Tombstone Gold Belt is usually related to a particular multi-element signature that features bismuth, tellurium, and tungsten, together with arsenic and antimony. Gold-bearing fluids exsolved from cooling intrusions and preferentially deposited gold in brittle, structurally managed environments. Each high-grade, structurally-controlled vein techniques and lower-grade, bulk-tonnage deposits are identified. The area hosts quite a few important deposits and is the positioning of current discoveries by firms akin to Snowline Gold Corp., Banyan Gold Corp. and Sitka Gold Corp.
| Challenge | EFFECTIVE DATE | Writer | Report For | Tonnes (M) | Au (g/t) | Contained Gold | Standing |
| Brewery Creek | 18/01/2022 | Cook dinner. C. et al., 2022. | Sabre Gold Mines Corp | 34.5 | 1.03 | 1.142 M oz | Measured & Indicated |
| 36.0 | 0.88 | 1.018 M oz | Inferred | ||||
| Report Title: Preliminary Financial Evaluation. NI 43-101 Technical Report on the Brewery Creek Challenge Yukon Territory, Canada | |||||||
| Eagle (Dublin Gulch) | 31/12/2022 | Harvey, N., 2022 | Victoria Gold Corp | 233.2 | 0.57 | 4.303 M oz | Measured & Indicated |
| 36.2 | 0.62 | 0.724 M oz | Inferred | ||||
| Report Title: Technical Report. Eagle Gold Mine. Yukon Territory, Canada | |||||||
| Olive (Dublin Gulch) | 31/12/2022 | Harvey, N., 2022 | Victoria Gold Corp | 11.6 | 0.97 | 0.361 M oz | Measured & Indicated |
| 5.5 | 1.17 | 206,479 | Inferred | ||||
| Report Title: Technical Report. Eagle Gold Mine. Yukon Territory, Canada | |||||||
| Raven (Dublin Gulch) | 15/09/2022 | Jutras, M., 2022. | Victoria Gold Corp | 19.9 | 1.67 | 1.071 M oz | Inferred |
| Report Title: Technical Report On The Raven Mineral Deposit, Mayo Mining District Yukon Territory, Canada | |||||||
| Blackjack (RC Gold) | 21/01/2025 | Simpson. R., 2025 | Sitka Gold Corp | 39.9 | 1.01 | 1.298 M oz | Indicated |
| 34.6 | 0.94 | 1.045 M oz | Inferred | ||||
| Report Title: Clear Creek Property, RC Gold Challenge NI 43-101 Technical Report Dawson Mining District, Yukon Territory | |||||||
| Eiger (RC Gold) | 19/01/2023 | Simpson. R., 2025 | Sitka Gold Corp | 27.4 | 0.5 | 0.440 M oz | Inferred |
| Report Title: Clear Creek Property, RC Gold Challenge. NI 43-101 Technical Report. Dawson Mining District, Yukon Territory | |||||||
| Airstrip (AurMac) | 28/06/2025 | Jutras, M., 2025 | Banyan Gold Corp | 27.7 | 0.69 | 0.614 M oz | Indicated |
| 10.1 | 0.75 | 0.244 M oz | Inferred | ||||
| Report Title: Technical Report, Aurmac Property, Yukon Territory, Canada | |||||||
| Powerline (AurMac) | 28/06/2025 | Jutras, M., 2025 | Banyan Gold Corp | 84.8 | 0.61 | 1.663 M oz | Indicated |
| 270.4 | 0.60 | 5.216 M oz | Inferred | ||||
| Report Title: Technical Report, Aurmac Property, Yukon Territory, Canada | |||||||
| Florin | 6/04/2025 | Simpson. R., 2021 | St. James Gold Corp. | 170.9 | 0.45 | 2.474 M oz | Inferred |
| Report Title: Florin Gold Challenge. NI 43-101 Technical Report. Mayo and Dawson Mining Districts, Yukon Territory | |||||||
| Valley (Rouge) | 15/05/2025 | Burrell. H. et al., 2024 | Snowline Gold Corp | 75.8 | 1.66 | 4,047 M oz | Indicated |
| 81.0 | 1.25 | 3.256 M oz | Inferred | ||||
| Report Title: Rogue Challenge. NI 43-101 Technical Report and Mineral Useful resource Estimate. Yukon Territory, Canada | |||||||
Desk 1: Gold Deposits within the Tombstone Gold Belt with NI43-101 References
Disclaimers
The certified particular person (as outlined beneath Nationwide Instrument 43-101 – Requirements of Disclosure for Mineral Tasks) for the Firm’s initiatives, Mr. Mark Saxon, the Firm’s Chief Govt Officer, a Fellow of the Australasian Institute of Mining and Metallurgy and a Member of the Australian Institute of Geoscientists, has reviewed and accredited the contents of this launch.
Readers are cautioned that the dialogue about adjoining or comparable properties on this press launch shouldn’t be essentially indicative of the mineralization or potential of the Shanghai property. The Firm has no real interest in or proper to amass any curiosity in any such adjoining properties.
*1 The reader is cautioned that the historic sampling outcomes, whereas sourced from unbiased reviews accessed from the Authorities of Yukon web site shouldn’t relied upon and are included for context. The Firm might want to conduct additional exploration, and there’s no assure that the outcomes obtained will replicate the historic outcomes.
Reference
Doherty, R. A., 2022. NI43-101 Technical Report titled “Shanghai Challenge Technical Report, Mayo Mining District, Yukon” dated July 15, 2022 on behalf of Targa Exploration Corp. on www.sedarplus.ca.
About T2 Metals Corp (TSXV: TWO,OTC:TWOSF) (OTCQB: TWOSF) (WKN: A2DR6E)
T2 Metals Corp is an rising copper and valuable steel firm enhancing shareholder worth by means of exploration and discovery. T2 is concentrated on the Sherridon Challenge in Manitoba, the Shanghai Challenge within the Yukon, and the Cora Challenge in Arizona.
ON BEHALF OF THE BOARD,
Neither the TSX Enterprise Change nor its Regulation Providers Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Change) accepts accountability for the adequacy or accuracy of this launch.
Cautionary Notice Relating to Ahead-Wanting Statements
Sure data set out on this information launch constitutes forward-looking data. Ahead wanting statements are sometimes, however not all the time, recognized by means of phrases akin to “search”, “anticipate”, “plan”, “proceed”, “estimate”, “anticipate”, “could”, “will”, “intend”, “might”, “may”, “ought to”, “consider” and comparable expressions. Ahead-looking data on this press launch embrace statements relating to the potential train of the Possibility and acquiring regulatory approval for the Possibility, and future exploration plans for the Firm on the Shanghai mission. Ahead-looking statements are based mostly upon the opinions and expectations of administration of the Firm as on the efficient date of such statements and, in sure instances, data supplied or disseminated by third events. Though the Firm believes that the expectations mirrored in forward-looking statements are based mostly upon cheap assumptions, and that data obtained from third occasion sources is dependable, they may give no assurance that these expectations will show to have been appropriate. Readers are cautioned to not place undue reliance on forward-looking statements.
These forward-looking statements are topic to a variety of dangers and uncertainties. Precise outcomes could differ materially from outcomes contemplated by the forward-looking statements. Accordingly, the precise occasions could differ materially from these projected within the forward-looking statements. Such dangers embrace uncertainties referring to exploration actions; dangers in acquiring regulatory approval; the affect of exploration competitors; sudden geological situations; modifications in authorities laws and insurance policies, together with commerce legal guidelines and insurance policies; failure to acquire essential permits and approvals from authorities authorities; volatility and sensitivity to market costs; volatility and sensitivity to capital market fluctuations; the flexibility to lift funds by means of personal or public fairness financings; environmental and security dangers together with elevated regulatory burdens; climate and different pure phenomena; and different exploration, improvement, working, monetary market dangers. When counting on forward-looking statements to make selections, buyers and others ought to rigorously take into account the foregoing components and different uncertainties and shouldn’t place undue reliance on such forward-looking statements. The forward-looking statements contained on this press launch are made as of the date hereof or the dates particularly referenced on this press launch, the place relevant. The Firm doesn’t undertake to replace any forward-looking statements, besides as could also be required by relevant securities legal guidelines.

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