White Gold Corp has an updated mineral resource estimate for the VG deposit on its QV project which is located approximately 85 km south of Dawson City and 11 km north of the Company’s flagship Golden Saddle and Arc deposits, which contain a combined mineral resource of 1,139,900 ounces Indicated at 2.28 g/t Au and 402,100 ounces Inferred at 1.39 g/t Au.
White Gold Corp. is also pleased to report assay results for its recently completed diamond drilling program on the Ryan’s Surprise target and northernmost part of the Ulli’s Ridge target, located 11 km south of the VG deposit. The goal of these drill programs was to identify new zones of gold mineralization with the potential to increase the project’s overall gold resource base. All holes intersected gold mineralization with significant mineralization.
These results continue to demonstrate the expansiveness of gold mineralization in the White Gold district and the potential for continuing to increase the Company’s already significant defined resource base. The continued exploration success increases optimism for the prospectively of the Company’s district scale land package.