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Explorer seeks Yukon gold

White Gold tackles multiple projects with $13M program Mining Explorers 2019 – Published Nov. 1, 2019

With diamond drills turning at three different properties in west-central Yukon this field season, along with rotary air blast drilling, soil sampling and other activities, White Gold Corp. is one of the busiest mineral explorers in the region, if not the entire territory.

The Toronto-based junior, backed by partners Agnico Eagle Mines Ltd. and Kinross Gold Corp. – each owning 20 percent of the company – said it would spend C$13 million in 2019 exploring a huge land package, which covers 22,040 mining claims across 35 properties totaling more than 439,000 hectares (1.085 million acres) or 40 percent, of the White Gold District.

Going into the 2019 field season, Shawn Ryan, White Gold's chief technical advisor, said the company's goal is to reach 2 million ounces of gold in Golden Saddle-style ore with grades topping 3 g/t on the White Gold property.

In late July, the explorer reported outlining a 25 percent increase in the White Gold project's mineral resource estimate to 1.039 million oz indicated resource averaging 2.26 g/t gold within 14.33 million metric tons and 508,700 oz inferred gold at 1.48 g/t gold within 10.7 million metric tons at the Golden Saddle and Arc deposits. The new estimate reflects an 8 percent increase in indicated resources and an 80 percent increase in inferred resources.

"I figure over the next two years, the company will hit that 2-million-ounce mark at the project," Ryan predicted.

Results from drilling program

White Gold's 2019 program includes diamond drilling 10,000 meters on its JP Ross property, 6,000 meters on the flagship White Gold project and 1,000 meters at the QV project, which it acquired in March from Comstock Metals Ltd.

"The goal of this diamond drill program is threefold: To continue to expand Golden Saddle-Arc's established resources, to follow up on JP Ross' exciting high-grade Vertigo discovery last season; and to grow the recently acquired and under-explored VG deposit," said White Gold's CEO David D'Onofrio.

JP Ross is a road-accessible property located about 60 kilometers (37 miles) southeast of Dawson City, Yukon.

At 10,000 meters, the bulk of White Gold's 2019 core drilling targeted Vertigo, a 2018 discovery on the JP Ross property. The Vertigo discovery hole cut 3.05 meters of 56.25 grams per metric ton gold from a depth of 3.05 meters, part of a 10.67-meter intercept averaging 17.34 g/t gold.

Follow-up RAB and reverse circulation drilling confirmed and expanded the discovery, with the best intercept of this work yielding 82.3 meters grading 3.21 g/t gold, including 1.52 meters of 103.9 g/t gold and 400 g/t silver from surface in hole JPRVERRC18-006.

In all, White Gold identified at least 12 mineralized structures in 2018 at Vertigo across a 2,200-meter by 650-meter trend.

While drilling at Vertigo focused on evaluating the geometry as well as the lateral and vertical continuity of the high-grade mineralized structures in the discovery, another 6,000 meters of core drilling at White Gold targeted previously underexplored portions of the Golden Saddle deposit and surrounding area.

High-grade structures

At Vertigo, all diamond drill holes completed by early August intersected gold mineralization and identified a minimum of six high-grade mineralized structures. Each structure displays strong continuity from surface to more than 250 meters down-dip and remains open in all directions, the explorer reported.

Among the best results at Vertigo:

Hole JPRVER19D0015 returned 0.42 meters of 141 g/t gold within a broader envelope of mineralization that averaged 11.64 g/t gold over 5.34 meters from 3 meters depth and 18.46 g/t gold over 2.48 meters from 92 meters depth;

Hole JPRVER19D0005 returned 9.61 g/t gold over 4.15 meters from 20 meters depth, including 94.2 g/t gold over 0.32 meters from 21 meters depth; and,

Hole JPRVER19D006 cut 6.89 g/t gold over 1.22 meters from 4.66 depth, and 20.15 g/t gold over 1.75 meters from 104.5 meters depth.

Down-dip extension

At Golden Saddle, White Gold said the drilling extended the GS Main Zone 205 meters down dip from historic drilling, roughly doubling the down-dip extension in the area, which previously only extended to 165 meters; added additional mineralization above the previously modeled ore body; and infilled several strategic gaps in the resource model. Diamond drilling on the GS West Zone proved continuity of the deposit both along strike and down dip, expanding the modeled mineralization beyond the envelope included in the company's 2019 mineral resource estimate.

Drilling highlights include hole WHTGS19D0198, which returned 3.59 g/t gold over 68.0 meters from 73 meters depth, including 8.11 g/t gold over 13.6 meters from 77 meters depth, and 2.31 g/t gold over 10.56 meters at 179 meters depth; and hole WHTGS19D0212, which cut 4.85 g/t gold over 27.5 meters from 38 meters depth, including 6.58 g/t gold over 9.0 meters from 51 meters depth.

"At the Vertigo, we have confirmed the existence of multiple structures with high-grade gold mineralization that display strong continuity along strike and at depth. These results are very encouraging for an initial diamond drill program and validate our current interpretation for the Vertigo," said Jodie Gibson, White Gold's vice president of exploration. "The initial results at Golden Saddle are among the best holes drilled to date and significantly expand the high-grade mineralization within and beyond the current Golden Saddle resource boundary. This is all alongside our regional exploration program, which continues to generate a strong pipeline of exciting new targets further demonstrating the district scale opportunity across our unique portfolio of assets."

Focus on strike extensions

At the QV project, which is contiguous with the White Gold property across the Yukon River, the company hopes to increase a 230,000 oz inferred mineral resource through 1,000 meters of diamond drilling, along with other activities. Exploration at QV, which covers 16,335 hectares (40,000 acres), is focused on testing strike extensions of the historically underexplored VG deposit.

White Gold said large portions of the QV property remain unexplored, which leaves a strong potential for the discovery of additional zones of structurally-controlled and intrusion-related mineralization in several targets with similar characteristics to Golden Saddle and Vertigo. Some 4,300 meters of diamond drilling over 23 holes had been completed on VG by August. Of these, only 17 holes formed the basis of the 2014 maiden resource estimate of 230,000 oz gold within 4.4 million metric tons grading 1.65 g/t gold in the inferred category at a cut-off grade of 0.5 g/t gold.

The VG resource is open along strike and at depth, and has similar mineralization and structural control to nearby Golden Saddle.

White Gold is also carrying soil sampling, prospecting, GT Probe sampling, trenching and RAB/RC drilling this field season at the White Gold, JP Ross, QV and multiple other regional properties.

New targets from soils

White Gold Corp. also conducted extensive soil sampling on JP Ross, White Gold and other regional properties. A total of 17,100 soil samples had been collected across the JP Ross and White Gold properties in the 2019 exploration program, the company reported Aug. 22. The soil samples are interpreted as being in-place and representative of the bedrock below due to the unglaciated nature of the area, indicating high-priority targets for upcoming follow-up activity, including probe, trenching and RAB/RC drilling, the explorer said.

White Gold collected 12,540 soil samples at Vertigo across 10 gold targets, including seven samples assaying greater than 1,000 parts-per-billion gold, 31 samples with higher than 500 ppb gold and 299 samples with more than 100 ppb gold.

"JP Ross property now has at least four recognized gold trends over a 15-kilometer-by-15-kilometer area, including the Vertigo, Stage Fright, Sabotage and Frenzy Trends, as well as additional emerging targets on underexplored portions of the property," White Gold said.

At the White Gold project, the company said it collected 4,560 soil samples across seven targets, including six samples assaying more than 1,000 ppb gold, 14 samples of greater than 500 ppb gold, and 201 samples with more than 100 ppb gold.

"The White Gold property trend is now identified to be a 12-kilometer by up to 4.5-kilometer northwest trend of anomalous gold in soils with at least 11 distinct target areas; including the Golden Saddle and Arc deposits," Gibson said.

"This year's soil sampling program was designed to pin down anomalous structures on both the JP Ross and the White Gold properties. ... The results were even better than expected with some beautiful linear soil anomalies 20-30 meters wide, (and) some running up to 750 meters long showing up, where previous 50-meter space soil sampling barely gave us any indications. ... The gold soil anomalies produced from these detail and mini grids will be followed up by GT Probe lines and trenching, with the intent to RAB drill up to 35 holes on the JP Ross and up to 25 holes on the White. I look forward to the next round of drilling as we will be targeting the highest probability areas of our newly defined gold anomalies," Gibson explained.


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