White Gold results in; updated resource next

 

Last updated 2/16/2018 at 4:25am

White Gold Corp.

White Gold Corp.'s exploration camp at Thistle Creek, a placer gold stream that cuts through the White Gold property.

White Gold Corp. Jan. 19 reported that results from the final 13 holes drilled at its White Gold property in 2017 confirm the continuity of the Golden Saddle and Arc deposits, and indicate the gold potential beyond the current resource area.

Since acquiring the White Gold property in June, the company completed 31 reverse circulation holes; four diamond drill holes; extensive geophysical and geochemical surveys; and detailed mapping across this iconic Yukon gold property.

"This season's work supports the potential to expand both the Golden Saddle and Arc resources and also highlights the opportunity for new discoveries on the White Gold property," said Shawn Ryan, chief technical advisor, White Gold Corp.

Kinross Gold Corp., the former owner of White Gold, reported 9.79 million metric tons of indicated resource averaging 2.7 grams-per-metric-ton (840,000 ounces) gold; and 2.17 million metric tons of inferred resource averaging 1.8 g/t (125,000 oz) gold for White Gold at the end of 2016.


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Most of this resource is found in the Golden Saddle deposit and much of the 2017 drilling focused on upgrading the resource there.

White Gold said the final two RC holes drilled there added to the continuity of the deposit and extended a lower footwall zone found there.

Hole WHTGS17RC-007 cut two zones of mineralization. The upper intercept cut 12.19 meters of 0.68 g/t gold in the main Golden Saddle zone. The lower intercept cut 13.72 meters of 1.33 g/t gold in the footwall zone.

Hole WHTGS17RC-008 was collared 50 meters northeast of hole 7 cut 6.10 meters of 1.58 g/t gold in the main zone.

White Gold Corp. reports that all six RC holes drilled at the Arc deposit, which lies 400 meters south of Golden Saddle, cut gold mineralization.

Previous wide-spaced drilling on the Arc had outlined 4.37 million metric tons of inferred resource averaging 1.21 g/t (170,470 oz) gold.

The company said results from 2017 drilling is consistent with the previous holes drilled at Arc. In the latest batch of results, hole WHTARC17RC-005 cut 7.62 meters of 3.95 g/t gold.

WHTARC17RC-006, which was drilled roughly 200 meters west of the historic resource area, cut multiple zones of mineralization. Overall, this hole cut 21.34 meters of 0.56 g/t gold.

White Gold reports that all three holes drilled during the maiden drill program at the Ulli's target cut gold mineralization.

The Ulli's target is located on trend roughly 2,200 meters southwest of the Golden Saddle.

Highlights from this drilling include 1.52 meters of 9.7 g/t gold in hole WHTULR17RC-002; and 3.05 meters of 2.58 g/t gold and 1.52 meters of 6.72 g/t gold in WHTULR17RC-001.

The results from the 2017 program will be included in an updated White Gold resource estimate slated for completion before the end of March.

–SHANE LASLEY

 

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