Source: White Gold Corp.
  • White Gold Corp. (WGO) has extended gold mineralization during its 2022 drilling program on the Ryan’s Surprise target in the Yukon
  • All holes drilled encountered gold mineralization, with the highest value being 5.34 grams of gold per tonne
  • A 450-metre radius mineralized footprint has been defined on the target to date
  • Results from drilling several other prospective targets on the trend are still pending
  • White Gold Corp. (WGO) is down 15.46 per cent, trading at $0.41 per share as of 11:19 a.m. EST

White Gold Corp. (WGO) has extended gold mineralization during its 2022 drilling program on the Ryan’s Surprise target in the Yukon.

According to the company, all holes drilled encountered gold mineralization, with the highest value being 5.34 grams of gold per tonne. The mineralization represents a 50-metre extension of mineralization along strike to the southeast.

Source: White Gold Corp.

Drilling done on the target followed up on previously found areas which had high grades of gold. So far, a 450-metre radius mineralized footprint has been defined on the target and remains open in all directions.

David D’Onofrio, CEO of White Gold, commented,

“We believe that the Ryan’s Surprise target has the ability to meaningfully increase the size of our significant gold resources and look forward to conducting an initial resource estimate at this target which hosts high-grade and bulk tonnage mineralization.”

Results from drilling several other prospective targets on the trend are still pending.

Additional exploration on the property in 2022 included drilling at Ulli’s Ridge, the gap area between Ulli’s Ridge and Ryan’s Surprise, and a prospecting program on other targets along the trend. Results from this part of the program are still pending.

White Gold Corp. (WGO) is down 15.46 per cent, trading at $0.41 per share as of 11:19 a.m. EST.


More From The Market Online

InZinc reports high-grade barite results from Indy project

InZinc Mining (TSXV:IZN) reports barite results from its 2022 diamond drilling at the Indy Project in British Columbia.
PyroGenesis - PyroGenesis' STP torch for refrigerant destruction, hydrocracking and heating.

PyroGenesis to help global mining leader lower emissions

PyroGenesis Canada (TSX:PYR) signs a contract with a global mining supplier to apply its electric plasma torches towards emissions reduction.

Canadian biotech stock investigates potential weight loss drugs

FSD Pharma Inc. (CSE:HUGE) is expanding its pipeline into metabolic and related disorders including weight loss and liver health.