- TSX-Venture newcomer Whitehorse Gold (WHG) is on the rise, after hitting a notable intersect at its Skukum project in the Yukon
- In the campaign’s first hole drilling intersected 8.9 metres of 6.5 grams per tonne gold and 186.8 grams per tonne silver, beginning around 430 metres downhole
- At around 440 metres downhole, the intersected contained a higher grade section at 1.2 metres at 21.4 grams per tonne gold and 563 grams per tonne silver
- The drill program covered just four holes and was focussed on the site’s Rainbow zone
- Whitehorse Gold is currently up 48.85 per cent and is trading at C$3.87 per share
TSX-Venture newcomer Whitehorse Gold (WHG) is on the rise, after hitting a notable intersect at its Skukum project in the Yukon.
In the campaign’s first hole drilling intersected 8.9 metres of 6.5 grams per tonne gold and 186.8 grams per tonne silver, beginning around 430 metres downhole.
The drill program covered just four holes and was focussed on the site’s Rainbow zone. The results more than validate the historical drilling at the zone, with today’s intercept 2.5 times higher in grade than those previously hit.
As the drilling sank deeper, mineralisation appears to be increasing in grade. At around 440 metres downhole, the intersected contained a higher grade section at 1.2 metres at 21.4 grams per tonne gold and 563 grams per tonne silver.
After only listing at the end of last month at 70 cents per share, Whitehorse’s TSXV-listed stocks have opened into a sharp rally, to currently be valued at almost $4 apiece.
Kevin Weston, CEO of Whitehorse Gold, said the first hole has already confirmed the high-grade nature of the Rainbow Zone and more importantly that thicker zones of mineralization occur at depth.
“The presence of multiple generation gold-bearing veins is highly encouraging indicating the presence of a long-lived large precious metal system. We look forward to receiving and reporting the remainder of the drill results,” he said.
The project covers around 170 square kilometres and host three distinct deposits.
The largest of the deposits, Skukum Creek, is currently defined with over one million indicated tonnes grading 5.85 grams per tonne of gold and 166.4 grams per tonne silver, and 537,000 inferred tonnes grading 4.99 grams per tonne gold and 108.3 grams per tonne silver.
Whitehorse Gold is currently up 48.85 per cent and is trading at C$3.87 per share at 12:49pm EST.