EXPLORATION & DEVELOPMENT

White Gold lifts resources 25%

Yukon gold explorer White Gold has increased total resources at its flagship eponymous project by 25%.

Staff Reporter
White Gold says it is excited about this summer's drilling in Yukon

White Gold says it is excited about this summer's drilling in Yukon

The company said 2018 drilling added more indicated gold resource ounces, with the total now 14.33 million tonnes at an average 2.36g/t for 1.04 million ounces. An inferred resource of 508,700oz, held within 10.696Mt grading 1.48g/t, has been estimated for the Golden Saddle and Arc deposits.

White Gold is backed by partners Agnico Eagle Mines and Kinross Gold.

CEO David D'Onofrio said resource expansion showed the success of the company's systematic data driven exploration approach.

"The growth in the Golden Saddle [resource] was primarily driven by the 2018 GS West Zone discovery and continued drilling of the GS Main Zone. The newly discovered GS West is part of the same mineralised system as the GS, all of which we believe can be expanded with additional drilling," he said.

D'Onofrio said resource extension drilling would continue to be part of the company's $13 million 2019 exploration programme.

"The exploration season is just getting underway and we are extremely excited for what lies ahead," he said.

White Gold's share price (TSXV:WGO) is down about 31% since the New Year, dipping 4c or 3.42% Monday to $1.13. The company has a current market capitalisation of $126.25 million.

 

A growing series of reports, each focused on a key discussion point for the farming sector, brought to you by the Kondinin team.

A growing series of reports, each focused on a key discussion point for the farming sector, brought to you by the Kondinin team.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.

editions

Mining Journal Intelligence Mining Equities Report 2023

Access an exclusive, inside look on the quarterly mining IPOs and secondary raisings data and mining equities performance tables with an annual Stock Exchange Comparisons supplement.

editions

Mining Journal Intelligence World Risk Report 2023 (feat. MineHutte ratings)

A detailed analysis of mining investment risks across 121 jurisdictions globally, built on 11 ‘hard risk’ metrics and an industrywide survey.

editions

Mining Journal Intelligence Global Leadership Report 2023: Social licence

Gain insights into social licence trends and best practices from interviews with 20+ top mining company executives and an industrywide survey.