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White Gold identifies new gold zones

Kinross Gold and Agnico Eagle-backed Yukon explorer White Gold Corp (TSXV: WGO) says RC drilling has identified new zones of high-grade gold mineralisation at the Vertigo target on its JP Ross property.
White Gold identifies new gold zones White Gold identifies new gold zones White Gold identifies new gold zones White Gold identifies new gold zones White Gold identifies new gold zones

Heady results from Vertigo

Staff reporter

It said the results, which included 1.52m at 103.9g/t gold and 400g/t silver from surface, validated previously announced RAB results, and the new zones remained open in all directions.

The above-mentioned hole also included three deeper zones, including 6.1m at 4.92g/t gold.

White Gold said the eastern-most hole at Vertigo had returned 3.05m at 38.56g/t gold from surface and 4.57m at 6.1g/t from 41.5m.

"These new results have provided further understanding of the geological model and show the potential for a large, high-grade mineralised system," exploration vice president Jodie Gibson said.

Vertigo is about 25km north of the company's flagship White Gold property, where the company announced a maiden plus-1 million ounce resource in March. 

White Gold said at least 12 mineralised structures were recognised at Vertigo over a 1,500m by 650m area.

It said it had conducted additional prospecting and geological evaluation along the 14km trend that hosted the Vertigo discovery, aiming to identify similar gold zones, and assays were pending.

Both Agnico and Kinross maintained their 19.6% stakes in a White Gold raising earlier this month that generated C$15 million (US$11.4 million) for its Yukon exploration activities for the coming year.

White Gold shares closed more than 16% higher on Friday to C$1.44, up more than 9% year-to-date, capitalising it over $144 million.