Home Resources First-ever diamond drilling part of targeted 2021 program

First-ever diamond drilling part of targeted 2021 program

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YUKON

White Gold Corp. has announced significant soil geochemistry results from 2020 soil sampling at its Betty property. The Betty property consists of 860 claims totalling 17,127 hectares that cover the strike extension of the east‐trending dextral strike‐slip Coffee Creek Fault which exerts important structural controls on mineralization at the Coffee deposit. The Betty property hosts multiple targets with potential for several mineral deposit types including orogenic gold and precious and base metal veins. 2020 exploration work included ground magnetic surveys and 2,030 infill soil geochemistry samples in several areas which has further enhanced several anomalies on the property that will be further evaluated in 2021. Planned exploration work for 2021 consists of first‐ever diamond drilling on several targets on the Betty property, as well as a new detailed structural interpretation. 

White Gold Corp. also announced significant soil geochemistry results from the Company’s 2020 exploration program outlining significant gold anomalies on its Nolan property, located approximately 50 km west of Dawson City, Yukon. The Nolan property is comprised of 2,219 claims across 43,778 hectares in the active Sixtymile placer gold camp on which several kilometre scale gold anomalies have been identified. Planned exploration work for the 2021 season includes geological mapping and prospecting, fixed‐wing airborne LiDAR surveys, detailed structural and geochemical interpretations, GT Probe soil‐bedrock interface sampling, induced polarization and resistivity surveys, and first‐ever diamond drilling on the Cali target. 

Marking the beginning of its 2021 exploration program, White Gold Corp. has begun diamond drilling at the Ryan’s Surprise and Ulli’s Ridge Targets. 

The Ryan’s and Ulli’s targets are situated on a 6.5 km long x 1.0 km wide, north‐south trend of anomalous gold and arsenic in soils, which extends from the Ulli’s Ridge target in the south to the Teacher’s showing in the north. The proximity of Ryan’s and Ulli’s Ridge to the company’s existing mineral resources at Golden Saddle and Arc makes these highly strategic targets. 

The 2021 diamond drilling comprises 2,500 m in eight holes to follow up on multiple high‐grade gold intercepts from the 2020 diamond drilling program. 

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