White Gold Corp. (TSXV: WGO, OTCQX: WHGOF) FRA: 29W) has made a high-grade gold discovery with its maiden diamond drilling programme on its Ulli’s Ridge target located approximately three km southwest of the company’s flagship Golden Saddle and Arc deposits and 11 km south of the company’s VG deposit in the Yukon.
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, and the VG deposit hosts an Inferred gold resource of 267,600 ounces at 1.62 g/t Au.
This maiden diamond drilling was part of the company’s fully funded 2021 exploration programme backed by partners Agnico Eagle Mines Limited and Kinross Gold Corporation 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.
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 programmes was to identify new zones of gold mineralisation with the potential to increase the company’s significant gold resources.
Highlights Include:
- 2021 diamond drilling at the Ulli’s Ridge target comprised seven holes totalling 1,408.7m which tested an approximately 550m strike length where early season 2021 rotary air blast (RAB) drilling encountered encouraging gold mineralisation including 4.67 g/t Au over 6.10m and 1.35 g/t Au over 21.33m.
- All holes intersected gold mineralization with significant results including:
- WHTULR21D004: 6.94 g/t Au over 19.50m, including 39.10 g/t Au over 1.50m and 45.40 g/t Au over 0.83m
- WHTULR11D005: 1.36 g/t Au over 18.50m including 5.19 g/t Au over 3.50m
- WHTULR21D001: 2.04 g/t Au over 5.13m
- WHTULR21D002: 1.03 g/t Au over 8.00m and 2.44 g/t Au over 4.10m
- WHTULR21D003: 1.91 g/t Au over 4.49m
- WHTULR21D006: 4.26 g/t Au over 1.70m
- WHTULR21D007: 1.81 g/t Au over 3.87m and 2.50 g/t Au over 4.65m
- Drilling at Ulli’s Ridge has now identified gold mineralisation along an approximately 650m strike length with mineralisation remaining open along strike and at depth.
- All intercepts are at relatively shallow depths and when compared to the Ryan’s Surprise target which continues to intersect high-grade mineralisation at greater depths, the Ulli’s Ridge target has significant expansion potential.
- The Company is currently planning its fully funded 2022 exploration program, with details to be released in due course.
“The significance of the high-grade gold found in Hole 4, which is also associated with high arsenic values, and very similar to rocks found around the Teacher showing to the north, is that it introduces a new style of high-grade gold target to follow up on,” Chief Technical Advisor, Shawn Ryan, said.
“Historically, gold-arsenic anomalies were classified as Arc Style, which generally represented lower gold grade (< 2 g/t Au) potential, and therefore have seen limited exploration. When we look at the 99 percentile arsenic soil anomalies (> 200 ppm) we can clearly see a 6.5 km trend running in a NNW direction from Ulli’s Ridge to the Teacher Showing.
“Most of these gold-arsenic anomalies have never been prospected or looked at to date. This upcoming summer’s prospecting work will directly target this arsenic trend which hopefully leads to more new high grade gold discoveries.”
CEO, David D’Onofrio, said the maiden diamond drill programme at Ulli’s Ridge continues to demonstrate the extensiveness of gold mineralisation in this area.
“Ulli’s is situated on a multi-kilometre gold in soil anomaly which hosts several other prospective targets in close proximity to our flagship deposits.
“Our 2021 programme was very successful in identifying and expanding new areas of gold mineralisation with the potential to increase White Gold’s significant resource base. I congratulate our team on making another new discovery in this prolific and underexplored district and look forward to following up on these exciting results.”
For further information please visit: https://whitegoldcorp.ca
