White Gold Corp (TSXV: WGO) has increased the mineral resource estimate for their flagship White Gold project in west-central Yukon. The update follows the reworking of the model for both the Golden Saddle and Arc deposits.
The revised estimate has seen an improvement in both indicated and inferred resources, with indicated resources growing 44%, and inferred resources increasing by 13.4%. Resources are near surface and almost entirely captured within open pits while remaining open for expansion in multiple directions.
Highlights from the results include:
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- Indicated Resources:
- 35.2 million tonnes at 1.53 g/t gold for contained resources of 1,732,300 ounces
- Inferred Resources:
- 32.2 million tonnes at 1.22 g/t gold for contained resources of 1,265,900 ounces
A high grade core is said to exist at the Golden Saddle Main Zone, which contains 1.1 million indicated ounces at 2.84 g/t gold and 93,000 inferred ounces at 2.03 g/t gold, using a 1.00 g/t gold cut-off. Mineralization at Golden Saddle, Arc, Ryan’s Surprise and VG meanwhile remains open along strike and down dip, while multiple underexplored targets are expected to exist in the vicinity.
Ongoing exploration is expected to increase the size of the resource and advance the technical understanding of the deposits in support of a preliminary economic assessment.
White Gold last traded at $0.455 on the TSX Venture.
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