White Gold Corp. Makes New High-Grade Discovery Intersecting 6.94 g/t Gold over 19.50m and 1.36 g/t Gold over 18.50m at the Ulli’s Ridge Target in Maiden Diamond Drill Program
TORONTO , Feb. 10, 2022 -- White Gold Corp. (TSX.V: WGO, OTCQX: WHGOF, FRA: 29W) (the "Company") is pleased to report assay results for the maiden diamond drilling program on its Ulli’s Ridge target located approximately 3 km southwest of the Company’s flagship Golden Saddle and Arc deposits and 11 km south of the Company’s VG deposit. The Golden Saddle and Arc deposits have 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(1), and the VG deposit hosts an Inferred gold resource of 267,600 ounces at 1.62 g/t Au(2). This maiden diamond drilling was part of the Company’s fully funded 2021 exploration program backed by partners Agnico Eagle Mines Limited (TSX: AEM, NYSE: AEM) and Kinross Gold Corporation (TSX: K, NYSE: KGC) on its extensive 420,000 hectare land package in the emerging White Gold District, Yukon.
The Ulli’s Ridge target is located immediately south of the Ryan’s Surprise target, with both targets situated on a 6.5 km long x 1.0 km wide northwest-southeast trend of anomalous gold and arsenic in soils, which extends from the Ulli’s Ridge target in the south to the Teacher showing in the north (Figure 1). The Ryan’s Surprise target has been a focus of diamond drilling over the past two field seasons, and in 2021 drilling was expanded southwards to the Ulli’s Ridge target. The goal of these drill programs was to identify new zones of gold mineralization with the potential to increase the Company’s significant gold resources.
- Published: 10 February 2022
- Written by Editor