North of 60 Mining News - The mining newspaper for Alaska and Canada's North

White Gold Corp. Nov. 1 reported strong gold intercepts in three rotary air blast holes drilled at Ulli's Ridge, an exploration target about 3,000 meters southwest of the Golden Saddle and Arc deposits on the company's namesake property in Yukon's White Gold District.

Golden Saddle and Arc host a combined 15.6 million metric tons of indicated resource averaging 2.28 grams per metric ton (1.14 million oz) gold; and 9 million metric tons of inferred resource averaging 1.39 g/t (402,100 oz) gold.

Recent exploration has identified a 6,500-meter northwest trend of gold mineralization that runs between these deposits and the Yukon River. Ryan's Surprise lies at the center of a roughly 3,500-meter-long subsection of this trend, flanked by Ulli's Ridge to the southeast and Minneapolis Creek to the northwest.

Highlights from previous drilling at Ryan's Surprise include 6.6 meters averaging 6.33 g/t gold in a hole drilled in 2011; 6.1 meters of 20.64 g/t gold in 2018; 13.2 meters of 5.02 g/t gold in 2018; 21 meters of 2.07 g/t gold in 2019; 3.8 meters averaging 10.96 g/t gold and 12.3 meters averaging 8.69 g/t gold in 2020.

Assays are pending for eight diamond holes drilled this year to test western strike and down-dip extensions of Ryan's Surprise.

The company, however, has received results from eight RAB holes drilled at Ulli's Ridge and three RAB holes at Minneapolis Creek.

Highlights from the holes at Ulli's Ridge include:

• 21.3 meters averaging 1.35 g/t gold in hole WHTULR21RAB005.

• 6.1 meters averaging 4.67 g/t gold in hole WHTULR21RAB006.

• 9.1 meters averaging 2.26 g/t gold in hole WHTULR21RAB009.

White Gold says gold mineralization has been encountered at Ulli's Ridge over 500 meters of strike and remains open to the southeast and northwest towards Ryan's Surprise.

The company has followed up on the promising mineralization observed in the RAB holes with diamond drilling at the Ulli's Ridge; assays are pending.

"We are very encouraged by these drill results at Ulli's Ridge as they continue to demonstrate the extensiveness of gold mineralization in this area, which is located on multi-kilometer gold in soil geochemical anomaly located in close proximity to our flagship deposits," said White Gold CEO David D'Onofrio "Our focus on Ryan's Surprise and more recently Ulli's Ridge has been designed to identify new areas of gold mineralization with the potential to increase the project's overall resource base."

The two holes successfully completed at Minneapolis Creek cut narrow zones of gold mineralization. This includes 3.05 meters averaging 0.91 g/t gold from surface in WHTMCR21RAB006 and 1.52 meters averaging 0.46 g/t gold from a depth of 22.9 meters in WHTMCR21RAB007.

Author Bio

Shane Lasley, Publisher

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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