The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
North of 60 Mining News - August 2, 2024
Located roughly 59 miles south of Dawson City, Yukon, White Gold's namesake property is part of a roughly 350,000-hectare (864,869 acres) land package that covers approximately 40% of the White Gold District.
White Gold Corp. Aug. 1 announced that soil sampling has doubled the strike length of the unnamed gold-in-soil anomaly discovered last year on the company's QV property, returning the highest gold values to date and highlighting the continued potential for significant gold discoveries in the region.
"We are encouraged by these latest results from this newly discovered target," said White Gold CEO David D'Onofrio. "Our early-season soil sampling program has considerably extended the strike length of the target by over one kilometer to 2.2 kilometers and provided even greater continuity of high gold values."
Kicking off its exploration season in late June, White Gold outlined its goals with planned drilling and surveying at high-priority targets.
"Extensive review and analysis performed of the company's comprehensive geochemical, geophysical and geologic structural database of the entire district has guided the selection of targets for the diamond drill program on new gold targets with additional work on our copper-molybdenum porphyry targets as we continue to unlock the mineral endowment potential of this underexplored district," said D'Onofrio at the onset of its exploration season.
Completing its soil survey for the year, White Gold collected 787 infill and extension samples to refine the resolution over the main portion of a soil anomaly identified on the QV property in 2023 and potentially extend it along strike to the east and west.
The company says this emerging target is similar in character to the VG deposit, which is about nine kilometers (5.6 miles) to the southeast, as well as the Golden Saddle deposit on the company's nearby White Gold property.
Initially identified in 2023 with a strike length of roughly 1,000 meters, the anomaly now extends to 2,200 meters and is 350 meters wide, remaining open to the west and east.
With approximately 1,000 soil samples collected over the past two field seasons, gold values ranged from greater than 0.5 parts per billion gold to a maximum of 600 ppb gold, with 29 samples exceeding 80 ppb gold.
Given the promising results, White Gold has planned a maiden diamond drilling program to further explore the anomaly. This program will consist of a minimum of 1,200 meters of drilling, testing up to 800 meters of the strike length.
"Furthermore, the size, tenor, geochemical and geomagnetic characteristics of this target are also similar to our flagship Golden Saddle and VG deposits and represents exciting expansion potential with a maiden diamond drill program set to commence in the coming weeks," added the White Gold CEO.
The Golden Saddle, Arc, and Ryan's Surprise deposit on the White Gold property and the VG deposit on the nearby QV property host a combined 16.11 million metric tons of indicated resource averaging 2.23 grams per metric ton (1.15 million ounces) gold, and 18.99 million metric tons of inferred resource averaging 1.54 g/t (942,400 ounces) gold.
These figures highlight the rich mineral endowment of the White Gold District and underscore the significance of the new discovery.
"This newly discovered soil anomaly on the QV property is an interesting grassroots discovery for the company as it reminds me of the anomaly that led to the discovery of the Golden Saddle and QV deposits which are close by and share a lot of similarities," said White Gold co-founder and Chief Technical Advisor Shawn Ryan. "Soil sampling followed by our systematic evaluation has proven very effective in our district, and we are looking forward to drilling this new target."
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