White Gold Corp. (TSXV:WGO) was featured in an article by Mining Journal regarding their recent exploration activities and acquisition of Comstock Metals Ltd.’s (TSXV:CSL) QV gold project in the White Gold district in Yukon, Canada.
White Gold Corp. (TSXV:WGO) was featured in an article by Mining Journal regarding their recent exploration activities and acquisition of Comstock Metals Ltd.’s (TSXV:CSL) QV gold project in the White Gold district in Yukon, Canada. According to the article, White Gold is emerging as a significant player and holds one of the most extensive land packages in the area. Between 13 million and 20 million ounces of placer gold have been recovered from the White Gold district, but the hard rock source of the gold has not been identified.
In total, White Gold has 35 properties, which cover 439,000 hectares of land in the district. These were previously owned by the company’s Chief Technical Advisor, Shawn Ryan, a famed Yukon prospector who staked and explored most of Yukon’s Dawson Range before optioning the properties out. The company’s impressive portfolio is also yielding exciting results that are capturing the attention of the gold community.
“Our proprietary exploration strategy produced four brand new gold discoveries; some drilling highlights include – Vertigo with 23.44 g/t over 24.38 meters, Ryan’s Showing with 20.64 g/t over 6.09 meters, GS West with 2.97g/t gold over 10 meters and Betty with 1.08 g/t over 50.29 meters,” said White Gold CEO David D’Onofrio.
Additionally, the company will be focusing on making more discoveries in the area. The recently acquired QV gold project has remained largely unexplored, but the property’s existing 230,000-ounce gold resource suggests that there is more to be found there.
“Unlike a typical junior mining company, there is no incentive for us to prolong work on a property where we don’t see potential. We are systematically performing low-cost exploration work across our entire portfolio to guide where further exploration dollars are spent,” said D’Onofrio.
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