The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
North of 60 Mining News - November 20, 2024
Drilling continues to expand the resource at White Gold's flagship Yukon project.
White Gold has defined four deposits on the adjacent White Gold and QV properties.
White Gold Corp. Nov. 19 reported that its White Gold project in the Yukon now hosts 1.2 million ounces of gold in indicated resources and another 1.12 oz in the inferred category.
This marks a 4.3% increase in the gold contained within the indicated resource and an 18.5% increase in the gold reporting to the inferred category, when compared to a calculation completed in April of last year.
"We are very pleased to have further increased the size of our robust flagship deposit which is one of the highest-grade open pit gold resources in Canada of this size or greater owned by an exploration company," said White Gold CEO David D'Onofrio. "Furthermore, significant additional resource growth potential exists on the deposits themselves, as well as in the surrounding areas which has seen only limited exploration and has strong prospectivity for new discoveries."
According to the new calculation, the four deposits outlined so far on the White Gold project host 17.66 million metric tons of indicated resource averaging 2.12 g/t (1.2 million oz) gold and 24.47 million metric tons of inferred resource averaging 1.42 g/t (1.12 million oz) of gold.
White Gold has defined four deposits on the adjacent White Gold and QV properties.
Three of the deposits included in the resource – Golden Saddle, Arc, and Ryan – are located on the original White Gold property. The fourth deposit – VG – is on the adjacent QV property that the company acquired in 2019.
All four of the deposits are open for expansion and the company has identified a "target for further exploration" that hosts an estimated 10 to 12 million metric tons of additional resource with average grades of 1 to 2 g/t gold on the project. In addition, White Gold continues to discover new exploration targets across the project, including the Chris Creek target discovered on the QV property earlier this year.
The potential for new gold discoveries goes well beyond White Gold's namesake project. Overall, the company holds 26 properties covering more than 315,000 hectares (775,000 acres) of one of the most gold enriched areas of the Yukon.
"We are also very encouraged by the overall prospectivity of our district-scale land package for additional gold and other mineral resource discoveries as this area of Yukon continues to evolve as an emerging Canadian mining camp supported by ongoing mine development efforts, infrastructure initiatives and other investment," D'Onofrio added.
White Gold's exploration of its White Gold project and larger land holdings in the Yukon is supported by strategic partners Agnico Eagle Mines Ltd. and Kinross Gold Corp.
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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