White Gold Corp. Commences Diamond Drilling on the Ryan’s Surprise Target Located 2 km West of its Flagship Golden Saddle Deposit
TORONTO, Aug. 06, 2020 -- White Gold Corp. (TSX.V: WGO, OTC – Nasdaq Intl: WHGOF, FRA: 29W) (the “Company”) is pleased to announce it has commenced its diamond drilling program on the Ryan’s Surprise (“Ryan’s”) target located approximately 2 km west of the Company’s flagship Golden Saddle deposit and 11 km south of the Company’s VG deposit. The current drilling forms part of the Company’s fully funded 2020 exploration program backed by partners Agnico Eagle Mines Limited (TSX: AEM, NYSE: AEM) and Kinross Gold Corp (TSX: K, NYSE: KGC) on its extensive 420,000 hectare land package in the prolific White Gold District, Yukon, Canada. Images to accompany this news release can be found at http://whitegoldcorp.ca/investors/exploration-highlights/.
The close proximity of Ryan’s to the Company’s existing mineral resources at Golden Saddle and Arc makes it a strategic target for these projects. The Golden Saddle and Arc deposits have a mineral resource of 1,139,900 ounces Indicated at 2.28 g/t gold and 402,100 ounces Inferred at 1.39 g/t gold and the VG deposit hosts a historic Inferred gold resource of 230,000 ounces at 1.65 g/t gold(1).
“We are excited to follow up on the successful drill results from 2019 on the Ryan’s Surprise Target. Its close proximity to our existing resources has an immediate potential to add additional `ounces, and continues to demonstrate the prospectively of the targets in this area,” stated David D’Onofrio, Chief Executive Officer.
- Category: Silver / Gold
- Published: 06 August 2020
- Written by Editor