EXPLORATION & DEVELOPMENT

White Gold planning for 'best season yet'

Testing the high-grade Vertigo, GS West, Ryan's Surprise discoveries high on the priority list

White Gold's White Gold property in the prospective White Gold district of Canada's Yukon Territory

White Gold's White Gold property in the prospective White Gold district of Canada's Yukon Territory

The Toronto-based company said this week its fully-funded C$13 million budget would allow it to follow up at Vertigo on the JP Ross property, and expand the Golden Saddle and Arc resources with diamond drilling at GS West and Ryan's Surprise.

The company plans to drill 10,000m at Vertigo to assess the geometry and lateral and vertical continuity of mineralised structures it discovered in 2018. It will also use RC drilling to evaluate the strike potential of the mineralisation based on field mapping, geochemistry and geophysics.

White Gold plans to also look at and initially drill four or five other targets on the 14km JP Ross trend. The regional programme on JP Ross will follow up on many other prospective gold targets near the Henderson Creek drainage system, where placer gold mining has been taking place since the turn of the century.

At the Golden Saddle, the company plans to move along 4,500m of diamond drilling conducted on GS West discovery, with 1,500m of infill and step-out drilling planned on the Arc deposit.

Last year, all three holes drilled at GS West hit Golden Saddle-style mineralisation with the most significant results returning 1.92g/t gold over 24m from 117m depth. These results included some high-grade intercepts that the company will want to replicate such as 2.97g/t over 10m from 118m depth and 8.12g/t over 1.95m from 121.05m depth.

White Gold is also eager to add more ounces to the recently acquired 230,000oz VG initial resource on the QV property. It has set aside some money for looking at other district targets.

"2019 will be one of the most exciting seasons for White Gold and has the potential to be a transformative year for us," chief technical advisor Shawn Ryan said.

White Gold (TSXV:WGO) is trading at a 60% premium in Toronto compared to a year ago. Year-to-date the stock is down 25% at C$1.23, capitalising the company at $137 million, ahead of what could be an eventful drill season.

For further information, please visit whitegoldcorp.ca.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Journal Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Journal Intelligence team.

editions

ESG Mining Company Index: Benchmarking the Future of Sustainable Mining

The ESG Mining Company Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.

editions

Mining Journal Intelligence Global Leadership Report 2024: Net Zero

Gain insights into decarbonisation trends and strategies from interviews with 20+ top mining executives and experts plus an industrywide survey.

editions

Mining Journal Intelligence Project Pipeline Handbook 2024

View our 50 top mining projects, handpicked using a unique, objective selection process from a database of 450+ global assets.

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.