- White Gold (WGO) has filed a technical report to update the mineral resource estimate (MRE) on its 100 per cent owned VG gold deposit
- The updated mineral resource includes near-surface inferred resources of 267,600 ounces of gold
- White Gold is a Canadian exploration company focusing on the White Gold district
- White Gold (WGO) is unchanged today at C$0.76 per share at 11:25 AM EST
White Gold (WGO) has filed a technical report to update the mineral resource estimate (MRE) on its VG gold deposit.
The updated MRE for the VG deposit includes near-surface Inferred Resources of 267,600 ounces of gold, representing a 16 per cent increase in Inferred Resources compared to the 2014 estimate.
The VG deposit is located approximately 11km north of White Gold’s property which hosts the Company’s Golden Saddle and Arc deposits which have a combined mineral resource of 1,139,900 ounces.
White Gold has the opportunity to upgrade a significant portion of Inferred Resources to Indicated.
The work program from 2021 demonstrates extensive gold mineralization in the White Gold district and the potential for new discoveries and continuing to increase White Gold’s defined resource base.
CEO of White Gold, David D’Onofrio, comments.
“We are very pleased to have increased the resources at the VG deposit with very limited drilling since acquiring the project in 2019, and feel confident that excellent opportunities exist to quickly upgrade and further expand the resources.”
White Gold Corp. is a Canadian gold exploration company operating in the White Gold District located south of Dawson City in northwest Yukon, Canada.
White Gold (WGO) is unchanged today at C$0.76 per share at 11:25 am EST.