Vancouver, British Columbia — February 26, 2026 — Leads & Copy — T2 Metals Corp. has announced it has signed an option agreement with explorer Shawn Ryan and Wildwood Exploration Inc. to acquire 100% interest in the Aurora Gold Project located in the Yukon Territory, Canada.
The Aurora Gold Project spans 76 sq km within the Tintina Gold Belt, an Intrusion Related Gold System (IRGS). The Project is located 70 km northeast of Dawson City and 2 km from the Dempster Hwy and 10 km east of Prospector Metals Corp’s ML Project.
According to the company, the Aurora Mineral Project lies within the Tombstone Gold Belt, a gold and silver mining district in North America. The Aurora project is geologically similar to Prospector Metals Corp’s ML Project, where recent drilling has identified high grade gold-copper mineralization, including one instance of 13.79 g/t Au and 1.84% Cu over 44m.
The Aurora mineral claims are centered on the Antimony Mountain Stock, a Tombstone Plutonic Suite intrusion associated with IRGS deposits in the Yukon and Alaska.
Six gold-bearing prospects have been identified by Shawn Ryan and past explorers over a 10 km trend using soil and rock chip sampling.
Less than 3,000 m of drilling has been completed at Aurora, with no work undertaken for over 15 years. In 2009, Golden Predator drilled 12 holes for 881 m at the AJ prospect with results including:
4.9 m @ 12.45 g/t Au (AJ09-17)
3.4 m @ 24.45 g/t Au (AJ09-18)
3.2 m @ 25.06 g/t Au (AJ09-21)
The Golden Wall Prospect has been sampled by past explorers and shows disseminated sulphides and iron oxide over a 400 m cliff face. Up to 61 g/t Au was discovered in outcrop, and Golden Predator drill hole GW10-028 returned 2 m @ 3.2 g/t Au.
T2 Metals team members will attend the Prospectors & Developers Association of Canada (PDAC) Conference in Toronto from March 1 to 4 at Booth 2941.
According to Mark Saxon, CEO of T2 Metals Corp., the acquisition of the Aurora Gold Project reinforces T2 Metals entry into in the Yukon, built upon foundations laid by explorers Shawn Ryan and Cathy Wood. He added that Aurora lies along strike from Prospector Metals’ ML discovery and that the team has held the Aurora ground since 2004.
Shawn Ryan commented that Aurora is one of the highest prospectivity mineral projects he’s held in the Yukon, and the success of Prospector Metals reinforces its potential.
Exploration at Aurora has been intermittent since the first discovery of stibnite veins in 1916. Notable work programs were conducted by Conwest Exploration (1966-1967), Anaconda Canada (1979-1980), Total Energold (1988-1989), and Kennecott (1994-1998). More recently, Logan Resources and Golden Predator conducted soil sampling surveys and limited diamond drilling (2005-2011), intersecting gold mineralization and defining targets at the AJ Vein and Golden Wall prospects.
The Aurora Gold Project lies near the western edge of the Selwyn Basin in the northwest of the Yukon Territory. The stratigraphy consists of late Proterozoic to Palaeozoic sediments, intruded by post-accretionary mid-Cretaceous plutons. The Tombstone Plutonic Suite (93-91 Ma) are represented by alkalic monzonites and syenites often associated with intrusion-related gold deposits, most often exposed in the western part of the Selwyn Basin, close to the Tintina Fault.
The Aurora Project is underlain by Late Proterozoic to Lower Cambrian clastic metasediments of the Hyland Group (Yusezyu and Narchilla Formations) which consist of interbedded shale, quartzite, and coarse sandstone. These are transitionally overlain by the Road River Group, comprised of calcareous greywacke, siltstone, and limestone.
The central part of the project is underlain by the Mid-Cretaceous (93-91 Ma) Antimony Mountain Stock (AMS), part of the Tombstone Plutonic Suite. The stock is an elongate, 7 x 3.5 km body of hornblende syenite to quartz monzonite. It exhibits a porphyritic texture with alkali feldspar phenocrysts and is fringed by a fine-grained diorite phase. Notably, the northern part of the stock is essentially non-magnetic (reduced), while the southern portion is highly magnetic (oxidized), suggesting multiple intrusive pulses.
The property is characterized by isoclinal folding and east-west trending faults that act as local conduits for mineralizing fluids. A hornfels aureole extends up to 1 km from the Antimony Mountain Stock margins, where sedimentary rocks are intensely silicified and include finely disseminated pyrrhotite and pyrite, creating iron oxide stained rusty ridges. Skarn/calc-silicate replacement alteration is locally developed where the intrusion contacts limey sediments.
The Aurora Gold Project is located 10 km west of Prospector Metals Corp’s ML Project, in the Tombstone Gold Belt. Aurora overlies and is adjacent to a Tombstone-age intrusion that remains underexplored despite drilling intersections. Both properties demonstrate mineralization with potential for bulk-tonnage porphyry Au-Cu, high-grade Au sheeted veins, and skarn replacement mineralization. The exploration success at the ML Project, characterized by its copper-gold intersections, provides a geological analogue for the untapped potential at T2 Metals’ Aurora Project.
Six gold-bearing prospects have been identified at Aurora by past explorers over a 10 km trend utilizing soil and rock chip sampling. High-grade quartz-arsenopyrite-tourmaline veins are commonly mapped in fault controlled east-trending orientations. The AJ Vein is the most significant vein mapped to date, traced for over 700 m, with historical intercepts of 28.5 g/t Au over 2.74 m. Other known veins include the JC, Rainbow, TK, and TT showings. The Golden Wall prospect displays stratabound disseminated sulphide in calcareous siltstones and quartzites with potential for bulk-tonnage porphyry-style mineralization within the AMS and broad stockwork zones within the contact metamorphic halo.
T2 Metals is now integrating geophysical and geochemical data to refine targets for a diamond drilling program. Focus will be placed on the Golden Wall prospect, expanding the mineralization at the AJ Vein, and testing other gold-bearing prospects.
Subject to TSXV approval, T2 Metals will have the option to acquire a 100% interest in the Aurora mineral project, for consideration of $850,000 in cash and 3,500,000 common shares of T2 Metals to be paid to the Optionor over a seven-year period. An initial cash payment of $75,000 and an initial payment of 400,000 common shares in T2 Metals will be made following TSXV acceptance of the Transaction. All shares issued under the Option Agreement will be subject to a four-month hold period.
T2 Metals is also required to incur exploration expenditures on the Aurora mineral project totalling a minimum of $2,500,000 over eight years, including $100,000 by November 15, 2026. On completion of an NI 43-101 compliant Feasibility Study, $1 per Indicated and Measured resource estimate ounces of gold will be payable to the Optionor. Upon commencement of commercial production on the Aurora mineral project, the Optionor will retain a 2.5% net smelter return royalty on the property with 1% purchasable by T2 Metals for the cash payment of $2,000,000 to the Optionor.
Furthermore, the Company will pay a 5% finder’s fee to an arm’s-length party for introducing the Company to the Aurora opportunity.
The mineral claims are located within the traditional territory of the Trʼondëk Hwëchʼin First Nation.
Shawn Ryan is recognized for his approach to gold exploration, including development of an auger soil sampling technique. His work has led to discoveries including the Golden Saddle and Arc deposits, which became part of the White Gold Project acquired by Kinross Gold; and the Coffee project, which was sold to Goldcorp (now Newmont Corporation) for $520 million.
T2 Metals Corp is an emerging copper and precious metal company.
Source: T2 Metals Corp
