High-grade gold tapped at Ryan's Showing

White Gold Corp. Sept. 6 announced the discovery of high-grade gold mineralization in multiple shallow drill holes at Ryan's Showing, a target about 2,000 meters west of the Golden Saddle deposit on the company's White Gold property, Yukon.

The Ryan's Showing discovery hole, WHTRYN18RC0001, cut 6.1 meters averaging 20.64 grams per metric ton gold from a depth of 83.82 meters.

WHTRYN18RC0002, drilled 100 meters west of the Ryan's Showing discovery, cut 13.17 meters averaging 5.02 g/t gold from a depth of 121.92 meters, including 4.57 meters of 9.25 g/t gold from 123.44 meters.

This newly discovered mineralized zone at Ryan's Showing is associated with an east-west oriented, north dipping structure that has been identified with Lidar imagery and geophysical surveys. White Gold Corp. says the structure remains open along strike and at depth, and there are indicators that the gold mineralization is one of multiple mineralized structures.

"We are very excited about the discovery of a significant new high-grade gold zone two kilometers (1.2 miles) from the Golden Saddle," said White Gold Vice President of Exploration Jodie Gibson. "We have recognized the potential of satellite deposits near the Golden Saddle which would have the potential to greatly increase the size of the company's resource. This is one of many promising targets on the White Gold property tested this year and we are looking forward to the additional results in due course."

Following White Gold Corp.'s exploration strategy, the company used a reverse circulation (RC rig) as a cost efficient means to drill shallow holes during the discovery phase at Ryan's Showing.

A diamond drill is now being moved to the discovery site to perform additional exploration.

White Gold Corp. has also completed additional exploration along the trend between Golden Saddle and Ryan's Showing, an area that has not previously been investigated.

The company also continues to test similar targets with the 14,500-meter drill program focused on expansion of the existing gold resource on the White Gold property.

According to an updated calculation earlier this year, The White Gold property hosts 12.32 million metric tons of indicated resource averaging 2.43 grams per metric ton gold (961,000 ounces) gold; plus 5.16 million metric tons of inferred resource averaging 1.7 g/t (282,500 oz) gold.

GS Main, a high-grade core of the primary Golden Saddle deposit area, hosts 11.4 million metric tons of indicated resource averaging 2.52 g/t (925,280 oz) gold and 1.91 million metric tons of open-pit, inferred resource averaging 2.36 g/t (144,000 oz) gold.

Two other Golden Saddle zones – GS Footwall and GS Upper – and the Arc deposit hosts the balance of the current resource.

GS West and 98 are two zones west of the resource being investigated with drilling this year. Assays are pending.

–SHANE LASLEY