EIKLAND MOUNTAIN - Ultramafic hosted PGE & Cr
The Eikland Mountain Property covers a portion of the Eikland Mountain ultramafic complex in the western Yukon, 15 km south of Beaver
Creek and 8 km west of the Alaska Highway. Highly enriched PGE bearing chromite veins were discovered by Yukon Geological Survey geologists
in the harzburgite on the north peak of Eikland Mountain running as high as 2.6 ppm total PGE. Exploration by Panarc in 2012
discovered a large zone of disseminated chromite with elevated PGE's (0.3 g/t Pt & Pd). Results from
a 2013 program including channel sampling the disseminated mineralization are pending.
Panarc currently has the following projects in Yukon available for option:
GROMMET - Porphyry Cu-Mo-Au
The Grommet Property is located 60 km north of Swift River, Yukon east of Wolf Lake. Initially explored as a molybdenum-copper porphyry
in the 1980's, no assays were run for gold. Panarc restaked the property and conducted reconnaissance prospecting and geochemical
sampling during 2012. The system also contains gold with soils running to 335 ppb Au and rock samples returning up to 2.04 g/t Au.
Other rock samples returned up to 0.070% Mo and 0.48% Cu. This is a grassroots property untested by trenching or drilling.
HART RIVER - Polymetallic volcanogenic massive sulphides
The Hart River Deposit is a volcanogenic massive sulphide deposit in the North-central Yukon with a non- 43-101 compliant resource
of 524,000 t grading 3.65% Zn, 1.45% Cu, 0.87% Pb, 49.7 g/t Ag and 1.41 g/t Au. There is an airstrip at the site and a historic CAT
train road to the property from the Dempster Highway. The deposit is open at depth and on strike to the east. The adjacent stratigraphy
has only been lightly explored.
RISBY CREEK - Stratabound gold
Discovered by the late Pete Risby in 2009, this property on the Robert Campbell Highway near Finlayson Lake hosts stratabound gold
in recrystallized limestone and quartzite. A 250 m long boulder train in a local creek returned gold assays from numerous samples
in the range from 1.0 to 4.9 g/t Au. Trenching in 2012 exposed one bed with grabs near 1.0 g/t. The ultimate source of the large boulders
found in this creek is unknown.
MOLYGARCHY - Intrusive hosted molybdenum
New molybdenum discovery near Whitehorse, Yukon with intrusive hosted molybdenum to 0.44% in a zone currently traced 400
m on strike. Surface trenching exposed mineralization over 50 m in the centre of the zone.
RENA - Tungsten - molybdenum porphyry
The Rena Property covers a Tombstone suite porphyry hosting tungsten and molybdenum. The project is located northeast of
Frances Lake in the central Yukon. Union Carbide located a large Climax-style alkalic porphyry target on the property in the
1980's. The target has never been drilled. Panarc partnered with 7606 Yukon Ltd. on this property and conducted
an exploration program in 2011, locating a new zone of surface mineralization.
MOLLY PROPERTY - Skarn-hosted molybdenum
The Molly showing on 105 F01 was discovered by Conwest who staked and drilled the property in 1963. Mineralization
is found in a 15 m thick bed of diopside-garnet-wollastonite skarn. Coarse molybdenite, pyrrhotite and chalcopyrite occur in a zone
up to 4 m wide over a strike length of 244 m. Best assays from drilling were 1.08% MoS2 across 4.1 m.
LYN - Epithermal silver - lead - zinc
The Lyn Property is south of the town of Faro, off the Robert Campbell Highway. It hosts high-grade silver-zinc-lead veins
in Carboniferous phyllites with grades up to 10,000 g/t Au. The property has been explored intermittently since the 1960's
and was surface high-graded by Jim Murnion in the early 1990's. Panarc is partnered with 7606 Yukon Ltd. and has been working
on the property since 2011. The project was briefly optioned to Driven Capital Corporation in 2011 who conducted tenching and
shallow drilling with best assays to 2,770 g/t Ag & 26% Zn over 0.4 m from trench samples.