12:43 PM EDT, 08/25/2025 (MT Newswires) -- Yukon Metals ( YMMCF ) shares were last seen 3.9% higher on Monday after announcing updates for its inaugural drill program at its Star River Project at Ross River, Yukon.

The first holes of the 720-hectare project have successfully intersected zones of structurally controlled veining in quartzite and dolostone units that contain pyrite, arsenopyrite, quartz, ankerite, and galena.

Drilling is focused on a strong gravity anomaly coinciding with a Time-Domain Electromagnetic conductor near the historic F2 and Canyon showings.

For further explanatory work, the company intends to deploy a high-resolution UAV drone magnetic survey across the property alongside detailed geological mapping and rock geochemical sampling, which will refine the structural interpretation and follow up on anomalous 2024 rock-chip samples, including a sample returning 10,936 g/t Ag.

"We are highly encouraged by the early visuals from our initial holes into the F2 target. The intersection of sulfide-rich vein swarms in both quartzite and dolostone supports our geological model and validates the targeting approach," chief executive Rory Quinn said.

Shares of Yukon Metals ( YMMCF ) were last seen $0.02 higher to $0.53 on the Canadian Securities Exchange.

Price: 0.53, Change: +0.02, Percent Change: +3.92