12:40 PM EDT, 09/18/2025 (MT Newswires) -- Yukon Metals ( YMMCF ) shares were last seen down 15% after the company on Thursday released results from its first drill program at the AZ Project in the Yukon.

The company completed five diamond drill holes totaling about 1,500 meters across two target areas; Chair Mountain and the Southeast Prospect. Best results included 0.44% over 14.4 meters and 0.13% copper over 23.5 meters

"These initial results validate our proof-of-concept program and confirm that the system is copper-bearing, fertile, and gold-bearing across two distinct areas. With clear geological vectors now in hand, our next phase of drilling will focus on stepping out toward the core of the porphyry system and we will conclude the season with follow-up soil sampling and induced polarization geophysics," chief executive Rory Quinn said.

Shares of Yukon Metals ( YMMCF ) were last seen down $0.13 to $0.71 on the Canadian Securities Exchange.

Price: 0.73, Change: -0.11, Percent Change: -13.10