The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Target could add to the more than 1M oz of gold on property North of 60 Mining News – August 7, 2020
White Gold is testing the expansion potential of Ryan's Surprise, an early staged target about 2,000 meters southwest of Golden Saddle in Yukon's White Gold District.
White Gold Corp. Aug. 6 announced that drills are testing Ryan's Surprise a target that could add to the more than 1 million ounces of gold already outlined on the company's White Gold property.
The two main deposits identified so far at White Gold, Golden Saddle and Arc, host 14.3 million metric tons of indicated resource averaging 2.26 grams per metric ton (1.04 million oz) gold and 10.7 million metric tons of inferred resource averaging 1.48 g/t (508,700 oz) gold.
Ryan's, which lies about 2,000 meters southwest of Golden Saddle and Arc, is a strategic resource expansion target on the White Gold property.
This target is associated with a more than 500-meter-long gold-in-soil anomaly with samples returning grades as high as 1,576 parts per billion gold.
Exploration drilling in this general area had previously been with holes drilled primarily to the south. A revised geological interpretation in 2019 indicated that the mineralized zone may strike west-southwest and dip steeply to the south-southeast. Two 2019 diamond drill holes angled to the north to test this interpretation both intersected mineralization. Hole WHTRS19D012 cut 4.14 meters averaging 2.85 g/t gold from a depth of 142.2 meters and 21 meters of 2.07 g/t gold from 154 meters downhole, including 8.42 meters of 3.55 g/t gold. White Gold says this latter higher-grade zone appears to correlate with a mineralized zone intersected in a 2018 hole, WHTRYN18RC0002, which cut 13.72 meters of 5.02 g/t gold from a depth of 121.9 meters.
This current program at Ryan's Surprise is slated to include 1,500 meters of drilling in five or six holes designed to test the down-dip and strike extent of the mineralized zones.
"We are excited to follow up on the successful drill results from 2019 on the Ryan's Surprise Target. Its close proximity to our existing resources has an immediate potential to add additional ounces and continues to demonstrate the prospectively of the targets in this area," said White Gold Corp. CEO David D'Onofrio.
Over his more than 16 years of covering mining and mineral exploration, Shane has become renowned for his ability to report on the sector in a way that is technically sound enough to inform industry insiders while being easy to understand by a wider audience.
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