Mining News: White Gold extends Golden Saddle, Arc

White Gold Corp. Nov. 20 reported that drilling has extended gold mineralization at the Golden Saddle and Arc deposits on the White Gold property in the Yukon. The results reported herein further define a significant extension of the Arc deposit 250m along strike and also extend the Golden Saddle Footwall Zone along strike and towards surface. The company said reverse circulation drilling at Golden Saddle continues to validate historical drilling within the historical resource area. Highlights from the latest results include 28.96 meters of 3.99 grams per metric ton gold in hole WHTGS17RC-010 and 13.12 meters of 7.47 g/t gold in WHTGS17RC-013. The company said the latest results extend both the main mineralized zone recently identified footwall zone at Golden Saddle. Drilling has also extended mineralization at Arc, which lies about 400 meters south of Golden Saddle. The company received results for three RC holes drilled at Arc, including one hole that cut 12.19 meters averaging 1.52 g/t gold. In addition to the continuation of the mineralization along trend, White Gold said there appears to be strong potential for subparallel zones of mineralization below the historical resource area based on past drilling and revised geologic interpretation of the Arc deposit. Kinross Gold Corp., the former owner of White Gold, reported 9.79 million metric tons of indicated resource averaging 2.7 grams-per-metric-ton (840,000 ounces) gold; and 2.17 million metric tons of inferred resource averaging 1.8 g/t (125,000 oz) gold for White Gold at the end of 2016. The 2017 drilling program at White Gold includes 31 RC holes and four diamond holes targeting the Golden Saddle and Arc deposits, as well as the newly identified Golden Saddle East and Ulli’s target areas. Assays from 13 of the RC holes are pending. “The results of the 2017 drill program received to date confirm the potential to significantly expand both the Golden Saddle and Arc deposits, and I look forward to receiving the additional drill results from the Arc as well as initial drill results from the Ulli’s and Golden Saddle East targets,” said White Gold Vice President of Exploration Jodie Gibson. The results from Saddle and Arc will be included in an updated White Gold resource estimate slated for completion early in 2018.

–SHANE LASLEY