The mining newspaper for Alaska and Canada's North

Exploration season begins for White Gold

North of 60 Mining News - June 19, 2024

Company aims for 2,800 meters between five targets across two properties.

White Gold Corp. June 19 announced plans for its 2024 exploration program in Yukon's White Gold District, emphasizing maiden diamond drilling at high-priority targets and ongoing surveys targeting new gold and copper-molybdenum prospects.

Located roughly 95 kilometers (59 miles) south of Dawson City, 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.

According to the most recent resource calculation, the Golden Saddle, Arc, and Ryan's Surprise deposits 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 oz) gold.

With financing from partner Agnico Eagle Mines Ltd. in December to pay for another year of exploration, White Gold is eager to begin the season.

"We are excited to kick off our 2024 exploration program," said White Gold Vice President of Exploration Terry Brace.

The program is designed to evaluate multiple targets on the Betty and QV properties with diamond drilling.

"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 White Gold CEO David D'Onofrio.

The subject of much of last year's drilling, this year's program at Betty is slated to include up to 1,600 meters of drilling in eight holes.

"This year's program at the Betty property will see maiden diamond drilling at three targets that were ranked as highest priority in a recent prospectivity analysis on the Betty property which incorporated multiple data sets including geological structures interpreted from magnetics and lidar, and soil geochemistry," said Brace.

The three targets ranked as highest priority are the Black Betty, Betty White East, and Betty Ford West, but work will also target extensional drilling at Betty Ford.

Discovered last year through soil sampling, an as-of-yet unnamed 1,000-meter-long gold-in-soil anomaly was identified on the company's QV property. Additional evaluation has led White Gold to believe it holds similar geochemical signatures to the nearby VG and Gold Saddle deposits.

Work on QV will include 1,200 meters in four holes, in addition to ground surveys, including soil sampling and very-low-frequency-electromagnetic (VLF-EM) geophysical surveying, followed by diamond drilling at the newly discovered gold-in-soil anomaly.

"At the QV property, we are carrying out early season ground surveys including additional soil geochemistry sampling and VLF-EM surveying over the new one-kilometer-long gold-in-soil anomaly identified last year, which will be followed by maiden diamond drill testing later this season," added Brace. "The geochemical signature of this anomaly is similar to the Golden Saddle and VG deposits which is quite encouraging."

In addition to this focused exploration work, regional exploration is planned at several other properties, and will include geological mapping and prospecting, soil geochemistry surveys, ground magnetics and VLF-EM surveys, and lidar to possibly generate future drill targets.

"We look forward to an exciting year ahead as we continue to demonstrate the expansiveness of gold mineralization in the White Gold District and potentially other mineral resources," finished D'Onofrio.

 

Reader Comments(0)

 
 
Rendered 07/07/2024 17:25