Mining News: White Gold drills into Golden Saddle deposit

White Gold Corp. Oct. 30 reported that drilling has cut broad intercepts of strong gold mineralization at the Golden Saddle deposit at the White Gold property, Yukon. Highlights from the latest batch of results from Golden Saddle include: 34 meters of 4.57 grams per metric ton gold from a depth of 155 meters in hole WHTGS17DD-0170; and 54.9 meters of 1.42 g/t gold from a depth of 64 meters in WHTGS17RC-005. White Gold, a company formed late in 2016, hold claims covering roughly 1 million acres (390,000 hectares) of the White Gold District. This includes the five claim blocks in the district previously held by Kinross Gold Corp. – White Gold, JP Ross, Black Fox, Yellow and Battle. The White Gold property 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, according to Kinross’ reserves and resources statement for the end of 2016. White Gold Corp., which closed the deal to acquire Kinross’ White Gold District portfolio in June, began drilling the White Gold property in September. This 4,432-meter program included 31 reverse circulation holes and four diamond holes. Assays are still pending from most of this work and the results will be included in an updated White Gold resource estimate slated for completion early in 2018. "The results received to date and revised geologic modelling from our 2017 field work indicate strong potential for additional mineralization along strike and within subparallel zones to both the Golden Saddle and Arc deposits,” said White Gold Vice President of Exploration Jodie Gibson. “Additionally, numerous other exploration targets have been developed on the property that will require follow up work."

–SHANE LASLEY