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White Gold Corp.
Summary
| Project: | White Gold | |
|---|---|---|
| Deposit: | Golden Saddle, Arc | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 6/10/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 10-6-2019: White Gold Corp. announces a Resource Estimation report for its Golden Saddle, Arc deposit at the White Gold project. Mineral resource esimtate - 25% increase. TORONTO, June 10, 2019 -- White Gold Corp. (TSX.V: WGO, OTC – Nasdaq Intl: WHGOF, FR | |
| Resources: | (Resource): 1,039,600oz Au (Ind.) and 508,700oz Au (Inf.) | |
| CP/QP: | [Resources]: Gilles Arseneau (Arseneau Consulting Services) | |
| ABSTRACT: | TORONTO, June 10, 2019 -- White Gold Corp. (TSX.V: WGO, OTC – Nasdaq Intl: WHGOF, FRA: 29W) (the "Company") is pleased to announce an update to its Mineral Resource Estimate on the White Gold property located in Yukon, Canada. The update was performed based on the results of the Company’s 2018 exploration program exploration plan backed by our partners Agnico Eagle Mines Limited (TSX: AEM, NYSE: AEM) and Kinross Gold Corp (TSX: K, NYSE: KGC). “This expansion of the mineral resource estimate further demonstrates the continued success of our systematic data driven exploration methodologies and the value we are generating across our unique portfolio of assets. We are very pleased with the significant increase in the Golden Saddle & Arc in 2018 with the relatively limited amount of drilling performed. The growth in the Golden Saddle 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 mineralized system as the Golden Saddle, all of which we believe can be expanded with additional drilling,” stated David D’Onofrio, Chief Executive Officer. “Continuing to grow the Golden Saddle & Arc resource will be one element of our fully funded $13 million 2019 exploration program which also includes plans to expand our 230,000 ounce Inferred Resource on the recently acquired VG Zone, diamond drilling on the high-grade 2018 Vertigo discovery and the generation of additional grass root discoveries across our 1 million acre land package in Yukon’s prolific White Gold District. The exploration season is just getting underway and we are extremely excited for what lies ahead.” | |
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