White Gold Corp. Boosts Mineral Resources at Yukon Project

White Gold Corp. has announced a significant increase in mineral resources at its flagship White Gold project in Yukon, Canada. The updated Mineral Resource Estimate (MRE) reveals a total of 1,203,000 ounces of gold in the Indicated Resource category and 1,116,600 ounces in the Inferred Resource category, marking a notable growth in the company's gold assets.

Key Takeaways

• Indicated Resources: 1,203,000 ounces of gold (17.7 million tonnes at 2.12 g/t Au)
• Inferred Resources: 1,116,600 ounces of gold (24.5 million tonnes at 1.42 g/t Au)
• Resource Growth: 18.5% increase in inferred resources and 4.3% increase in indicated resources
• Open Pit Potential: Resources are near surface and remain open for expansion
• Strategic Partnerships: Supported by Agnico Eagle Mines and Kinross Gold

The updated MRE reflects an 18.5% increase in inferred resources and a 4.3% increase in indicated resources, showcasing the project's potential. The Indicated Resource now stands at 1,203,000 ounces of gold, with an average grade of 2.12 grams per tonne (g/t) across 17.7 million tonnes. Meanwhile, the Inferred Resource is estimated at 1,116,600 ounces, averaging 1.42 g/t across 24.5 million tonnes.

Resource Expansion Opportunities

The White Gold project is characterized by its near-surface resources, which are almost entirely contained within an open pit. This presents multiple opportunities for further expansion in various directions. The company is also exploring additional targets within close proximity, which could lead to further increases in total resources.

• Target for Further Exploration: Estimated 10 – 12 million tonnes grading between 1 – 2 g/t Au

Strategic Partnerships and Future Prospects

White Gold Corp. is supported by strategic partners, including Agnico Eagle Mines Limited and Kinross Gold Corporation, which enhances its exploration and development capabilities. David D’Onofrio, the CEO of White Gold Corp., expressed optimism about the potential for resource growth, stating that the area has seen limited exploration and holds strong prospects for new discoveries.

The company is also excited about the overall prospectivity of its district-scale land package, which is evolving into an emerging Canadian mining camp. This is bolstered by ongoing mine development efforts, infrastructure initiatives, and increased investment in the region.

Conclusion

The significant increase in mineral resources at the White Gold project underscores White Gold Corp.'s position as a key player in the Canadian mining sector. With a robust resource base and strong growth potential, the company is well-positioned to capitalize on the ongoing demand for gold and other minerals in the market. As exploration continues, stakeholders will be keenly watching for further developments from this promising project.

Sources

• White Gold Corp. Announces Significant Increase in Mineral Resources to 1,203,000 oz Gold Indicated and 1,116,600 oz Gold Inferred at the White Gold Project, Yukon, Canada, Yahoo Finance.