The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Maiden resource adds 41% more inferred to gold-rich property North of 60 Mining News – April 28, 2023
The Ryan's Surprise deposit is located 1,500 meters west of the Golden Saddle and Arc deposits, and along the Ryan's Trend, a 6.5-kilometer-long gold-arsenic geochemical anomaly which hosts additional prospective gold targets.
White Gold Corp. April 25 announced an updated mineral resource estimate for its flagship White Gold project which has added the Ryan's Surprise and VG deposits to the tally, reaffirming its indicated category and swelling the amount of gold in the inferred resource category by 41%.
"We are very pleased with the significant increase in our mineral resources," said White Gold CEO David D'Onofrio. "In a relatively short period of time, we have delineated a very large gold resource, with significant opportunity for continued expansion."
Located roughly 95 kilometers (59 miles) south of Dawson City, White Gold's namesake property is part of a roughly 350,00-hectare (864,869 acres) land package that covers approximately 40% of the White Gold District, which also encompasses Western Copper and Gold Corp.'s world-class Casino copper-gold project and Newmont Corp.'s Coffee Gold project.
Exploring and advancing this district for the better part of a decade, White Gold has steadily made new discoveries while also expanding the resources on its flagship property.
With the addition of Ryan's Surprise, a deposit that now contributes to the White Gold resource, and the VG deposit on the QV property adjacent to the White Gold project, White Gold has never been more certain of its exploration approach.
"The White Gold project now ranks amongst the largest primarily open pit deposits at such high grades in Canada owned by an exploration company," said D'Onofrio. "The updated and increased resource is a testament to the success of our technical team, our systematic data driven exploration methodologies and the expansiveness of gold mineralization in the White Gold District."
According to the newest resource estimate, the Golden Saddle, Arc, Ryan's Surprise and VG deposits host 16.11 million metric tons of indicated resource averaging 2.23 grams per metric ton gold (1.15 million ounces) gold, representing 55% of the total resources; and 18.99 million metric tons of inferred resource averaging 1.54 g/t gold (942,400 oz) gold.
Inferred mineral resources have increased 41% compared to previous resource estimate for the Golden Saddle and Arc deposits from 2020, and the VG deposit from 2021.
The company says that 94% of the resources are near surface, with open-pittable indicated resources of 1.125 million oz of gold averaging 2.2 g/t gold and open-pittable inferred resources of 853,000 oz gold averaging 1.46 g/t gold.
With mineralization at all four deposits remains open along strike and down dip – along with multiple underexplored targets nearby – there are plenty of opportunities to continue to expand the White Gold resources.
"The company's efficient and scalable exploration methodology clearly demonstrates the vast potential within the property and the district to efficiently add high-quality gold ounces," the White Gold CEO said. "We would like to thank all our partners and stakeholders for their continued support in what we believe is the early days for the development of the White Gold District into a significant new Canadian Mining Camp."
White Gold says it is currently planning its fully-funded 2023 exploration program, which will focus on recent high-grade gold discoveries and undrilled targets with details to be announced at a later date.
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