Mining News: White Gold exploring 1M acres in the Yukon

White Gold Corp. Sep. 14 provided an update on its extensive exploration program in the Yukon, including drill results from JP Ross, one of five properties the company acquired from Kinross Gold Corp. Highlights from the 14 rotary air blast holes drilled in the Rebecca zone at JP Ross include 3.05 meters of 21.87 grams per metric ton gold; and 6.1 meters of 3.1 g/t gold. JP Ross is about 10 miles (16 kilometers) northeast of White Gold, a property that hosts 9.79 million metric tons of indicated resource averaging 2.7 g/t (840,000 ounces) gold; and 2.17 million metric tons of inferred resource averaging 1.8 g/t (125,000 oz) gold in the Golden Saddle deposit. White Gold Corp. has begun a robust reverse circulation and rotary air blast drill program to upgrade and expand the Golden Saddle and Arc deposits on its namesake property. At Golden Saddle, the company is focused on infilling the resource area and testing extensions of the deposit along strike. Past drilling at Arc was widely spaced. The company plans to upgrade the confidence of the resource with infill drilling; test a potential subparallel gold zone below the main Arc zone; and investigate the potential for high-grade gold within a broader envelope of lower grade mineralization found there. The results from Saddle and Arc will be included in an updated White Gold resource estimate slated for completion early in 2018. RAB drilling also turned up interesting results on Loonie, part of the company’s Money claim group to the northwest of the White Gold property. One hole drilled at Loonie returned 7.6 meters of 4.6 g/t gold, another returned 7.6 meters of 4.1 g/t gold. Early staged exploration on the company’s roughly 1 million acres of property in the White Gold District included: 24,855 soil samples collected over the Nolan, Bell, Hunker, Bonanza, IND, Toonie, Reba, CLW, Polar, Pedlar, Betty, Hayes, Carlisle and Rice properties; 42 line-kilometers of induced polarization-resistivity surveys on the Nolan, IND, Dime, Black Hills, Brew and Wolf properties; 2,271 GT Probe (soil-bedrock interface) samples on the Bonanza, IND, Black Hills, Brew, and Wolf properties. In addition, White Gold staked 80 claims at Thor, a property about five kilometers (three miles) west of the White Gold property.

–SHANE LASLEY