The Toronto-headquartered company is halfway through its summer 2019 drill campaign. With the support of strategic partners Kinross Gold and Agnico Eagle, it is undertaking diamond drilling at Vertigo, Golden Saddle and Arc, with results to date confirming the continuity of high-grade mineralised structures from surface to more than 250m depth at Vertigo. They are said to be open in all directions.
Among the Vertigo highlights were 0.42m of 141 grams per tonne within a broader intercept that averaged 11.64g/t over 5.34m from 3m depth, and 18.46g/t over 2.48m from 92m. Another hole returned 9.61g/t over 4.15m from 20m, including 94.2 g/t over 0.32m from 21m.
"These results are very encouraging for an initial diamond drill programme and validate our current interpretation for the Vertigo. We look forward to receiving additional results from the Vertigo drill programme and from ongoing exploration work on additional targets across the JP Ross property," VP for exploration Jodie Gibson said.
White Gold also reported diamond drilling at Golden Saddle locally extended the GS Main zone 205m down dip from historic drilling, more or less doubling the previously known 165m down-dip extension. The campaign also added more material above the previously modelled orebody.
The programme is also said to be infilling gaps in the resource model. Diamond drilling at GS West showed continuity of the deposit both along strike and down dip, according to White Gold, expanding the modelled mineralisation beyond the the company's most recent resource estimate.
Golden Saddle highlights included 3.59g/t gold over 68m from 73m depth, including 8.11g/t over 13.6m from 77m, and 2.31g/t gold over 10.56m at 179m. Another hole returned 4.85g/t over 27.5m from 38m, including 6.58g/t over 9m from 51m.
The company continues to make progress with the remainder of the summer exploration programme to target White Gold, JP Ross and multiple other regional properties, with related soil sampling, prospecting, GT Probe sampling, trenching and RAB/RC drilling results to be released in due course.
White Gold (TSXV:WGO) is currently trading at C$1.21 in Toronto, which gives it a market value of $137.25 million.