The prospect lies in direct vicinity of the White Gold Discovery made by Underworld Resources, which intercepted over 104m of high-grade mineralized core that graded an average of 3.39 grams per ton.

The White Gold Yukon Claim is about 3,200 contiguous acres and lies within the globally prolific mining region known as the Tintina Gold Belt.

Rostock Ventures president Greg Rotelli said that the company is also continuing to evaluate additional prospects while it is active on the Yukon prospect.

"With gold prices at all time highs this week, clearly this a great time to start operations on our gold prospect," Rotelli said.