Mining News: White Gold expands Golden Saddle

White Gold Corp. Sep. 25 reported that its first two reverse circulation holes drilled at Golden Saddle deposit on the White Gold property in the Yukon has extended the gold mineralization there. Hole 17RC-001 cut 32 meters of 3.98 grams per metric ton gold from a depth of 19.8 meters; and 17RC-002 cut 25.9 meters of 2.24 g/t gold starting at 13.7 meters. The company said these grades are consistent with results from nearby diamond drilling and extend the main zone at Golden Saddle towards the surface. White Gold also said its technical team has generated new drill targets from recently completed geophysical surveys on trend with the Golden Saddle deposit, most notably the Golden Saddle East target which is located on strike and about 600 meters northeast of Golden Saddle. A technical review of data from previous operators has identified Ulli's, a target about 2,200 meters southwest of Golden Saddle and on trend. This zone is characterized by a significant gold-in-soil anomaly and the company said historical trench results which are comparable to those that led to the discovery of Gold Saddle. Ryan’s target, another large gold-in-soils anomaly about 2,100 meters west of Golden Saddle has also been prioritized for drilling. All three new targets are slated for drilling this year. As of Sep. 25, White Gold had completed 1,970 meters of drilling in 11 RC holes and three diamond drill holes at Golden Saddle. Drilling is still in progress and additional holes are planned for the Golden Saddle and Arc zones. –SHANE LASLEY