The Prospector News

White Gold Corp. Intersects New Zones of Significant Gold Mineralization at the Ulli’s Ridge Target 3 km southwest of the Company’s Flagship Golden Saddle and Arc Deposits

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

White Gold Corp. Intersects New Zones of Significant Gold Mineralization at the Ulli’s Ridge Target 3 km southwest of the Company’s Flagship Golden Saddle and Arc Deposits

 

 

 

 

 

White Gold Corp. (TSX-V: WGO) (OTCQX: WHGOF) (FRA: 29W) is pleased to report assay results from its rotary air blast drilling program on its White Gold property located in west-central Yukon, Canada. The program comprised of 11 holes totalling 937m, with 8 holes drilled at the Ulli’s Ridge target and 3 holes at the Minneapolis Creek target. These targets are located 3 km southwest and 4 km west-northwest respectively of the Company’s flagship Golden Saddle & Arc deposits, which have a combined mineral resource of 1,139,900 ounces Indicated at 2.28 g/t Au and 402,100 ounces Inferred at 1.39 g/t Au, and remains open for expansion. The drilling forms part of the Company’s fully funded 2021 exploration program backed by partners Agnico Eagle Mines Limited (TSX: AEM) (NYSE: AEM) and Kinross Gold Corp (TSX: K) (NYSE: KGC) on its extensive 420,000 hectare land package in the emerging White Gold District, Yukon.

 

Highlights include:

 

  • 3 RAB holes drilled at the Ulli’s Ridge target intersected significant gold mineralization including:
    • 4.67 g/t Au over 6.10m in hole WHTULR21RAB006
    • 1.35 g/t Au over 21.33m in hole WHTULR21RAB005, and
    • 4.43 g/t Au over 1.52m, 1.53 g/t Au over 4.57m & 2.26 g/t Au over 9.14m in hole WHTULR21RAB009
  • Gold mineralization encountered extends over a 500m strike length which remains open along strike to the southeast and northwest and makes up part of a 6.5km long x 1km wide gold in soils trend
  • Encouraging results were followed up with diamond drilling at the Ulli’s Ridge, with all assays pending.
  • Additional results from 2021 diamond drilling and other exploration activities forthcoming in due course.

 

Figures accompanying this news release can be found at:

https://whitegoldcorp.ca/investors/exploration-highlights/,

and assay results are summarized in Tables 1 and 2 below.

 

“We are very encouraged by these drill results at Ulli’s Ridge as they continue to demonstrate the extensiveness of gold mineralization in this area, which is located on multi-kilometre gold in soil geochemical anomaly located in close proximity to our flagship deposits.” stated David D’Onofrio, CEO. “Ulli’s Ridge also lies immediately south of the Ryan’s Surprise target which has been a focus of diamond drilling over the past two field seasons. Our focus on Ryan’s Surprise and more recently Ulli’s Ridge has been designed to identify new areas of gold mineralization with the potential to increase the project’s overall resource base. Diamond drill results from both targets are expected in the coming months.”

 

Ulli’s Ridge Target

 

The Ulli’s Ridge target is located approximately 3 km southwest of the Company’s flagship Golden Saddle & Arc deposits and 1 km south of the Ryan’s Surprise target. The area is underlain by metasedimentary rocks comprising interbedded metaquartzite and biotite-quartz-feldspar gneiss. Several interpreted structures cut through the area including a northwest-southeast trending thrust fault that marks the contact between the metasediments and overlying amphibolite.

 

Ulli’s Ridge is characterized by a large northwest-southeast trending coincident gold and arsenic soil anomaly measuring some 1,500m long by 600m wide with gold values up to 1585 ppb Au and arsenic values up to 2484 ppm As. Previous trenching and drilling at Ulli’s Ridge have encountered significant gold mineralization including 1.38 g/t Au over 20m in trench WGUR12TR01, 2.58 g/t Au over 3.05m and 6.27 g/t Au over 1.52m in hole WHTULR17RC-001, 9.70 g/t Au over 1.52m in hole WHTULR17RC-002, and 1.40 g/t Au over 7.62m in hole WHTULR19RAB-001. In addition, the 2020 GT Probe sampling program at Ulli’s encountered a 25m wide zone (6 samples) averaging 2.119 g/t Au including 8.516 g/t Au approximately 200m west of the Ryan’s Surprise.

 

This field season 8 holes totalling 742m were drilled at the Ulli’s Ridge target to test soil and/or GT probe gold geochemical anomalies. All holes were drilled to the north-northeast (015°) at a dip of -50°, and all reached target depths with hole lengths ranging from 71m to 100m.

 

Three holes intersected significant gold mineralization including 1.35 g/t Au over 21.33m in hole WHTULR21RAB005, 4.67 g/t Au over 6.10m in hole WHTULR21RAB006 and 2.26 g/t Au over 9.14m in hole WHTULR21RAB009. These results indicate gold mineralization over an approximately 500m strike length which remains open along strike both to the southeast and northwest. Holes WHTULR21RAB004 and WHTULR21RAB007 intersected gold mineralization (0.25-0.50 g/t Au) over more narrow (1.5-4.5m) widths. Significant results have been summarized in Table 1.

 

A preliminary structural analysis of the RAB drilling suggests the Ulli’s Ridge target hosts three or more steeply southwest-dipping and southeast-striking gold-bearing structures. Overall, results from the RAB drilling continue to support the GT probe geochemical anomalies which overlie the target, and when combined suggest the Ulli’s Ridge mineralization remains open along strike in both directions and at depth.

The area of gold mineralization outlined by holes WHTULR21RAB005, 006 and 009 was followed up with diamond drilling, with all assays still pending and will be announced once final assays are received and interpreted.

 

Table 1: Summary of 2021 RAB Drilling Gold Assay Results at the Ulli’s Ridge Target.

 

Hole ID From (m) To (m) Length (m)* Au (g/t)
WHTULR21RAB004 65.53 70.10 4.57 0.47
WHTULR21RAB005 67.06 88.39 21.33 1.35
Inc. 71.63 85.34 13.71 1.93
Inc. 71.63 79.25 7.62 2.42
WHTULR21RAB006 6.10 12.19 6.10 4.67
Inc. 9.14 12.19 3.05 9.01
WHTULR21RAB007 6.10 7.62 1.52 0.25
WHTULR21RAB009 35.05 36.58 1.52 4.43
  42.67 47.24 4.57 1.53
Inc. 42.67 45.72 3.05 2.20
  51.82 60.96 9.14 2.26
Inc. 53.34 56.39 3.05 6.01
         
* Note: All widths are reported as measured interval lengths as insufficient drilling has been carried out to determine true widths.  All reported assay values are uncapped.

 

 

Minneapolis Creek Target

 

The Minneapolis Creek target is located 4 km west-northwest of the Golden Saddle deposit on a relatively steep east-facing slope. The geology is generally similar to Ulli’s Ridge with underlying metasedimentary rocks comprising interbedded metaquartzite and biotite-quartz-feldspar gneiss.

 

The target is associated with a large northwest-southeast trending coincident gold and arsenic soil anomaly measuring 900m long by 400m wide with gold values up to 1590 ppb Au and arsenic values up to 1658 ppm As. The soil anomaly appears to be terminated to the northwest by a northeast striking sinistral fault. Three of 4 RAB holes drilled in 2019 at Minneapolis Creek encountered anomalous gold (0.69 – 2.66 g/t Au) in the top 1.5m to 3.0m of the holes, confirming the surficial gold anomaly but suggesting that soil creep has occurred and the holes may have been collared too far downslope to test the zone. Additionally, two of the RAB holes failed at shallow depths (< 26m) due to hole collapse in fault zones.

 

This field season 3 holes totalling 195m were drilled at the Minneapolis Creek target, with all holes drilled to the southwest (215°) at a dip of -50°. Hole WHTMCR21RAB006 was terminated early at 25m due to poor ground conditions and failed to reach the target depth. All 3 RAB holes intersected narrow (1.5-3.0m) zones of gold mineralization ranging from 0.40-1.50 g/t Au. Significant results have been summarized in Table 2.

 

Table 2: Summary of 2021 RAB Drilling Gold Assay Results at the Minneapolis Creek Target.

 

Hole ID From (m) To (m) Length (m)* Au (g/t)
WHTMCR21RAB006 0.00 3.05 3.05 0.91
Inc. 0.00 1.52 1.52 1.20
  7.62 9.14 1.52 1.46
WHTMCR21RAB007 10.67 12.19 1.52 0.41
  22.86 24.38 1.52 0.46
         
 

* Note: All widths are reported as measured interval lengths as insufficient drilling has been carried out to determine true widths.  All reported assay values are uncapped.

 

About RAB Drilling

 

The Company successfully utilizes rotary air blast (RAB) drilling as an efficient and cost effective first-pass exploration drilling technique on its White Gold District projects, Yukon. The RAB drill rig is an ultra-portable, wireless remote-controlled rubber tracked drill that uses compressed air to actuate a downhole hammer and can drill holes at a wide range of angles (50-90°) and to a length of approximately 100 meters. Rock cuttings are returned to surface under pressure between the drill pipe and wall of the open hole, so samples may under certain circumstances incur cross contamination. Once completed each RAB hole is surveyed with a borehole optical televiewer which provides high-resolution digital imagery of the hole walls and key structural orientation data on lithological contacts, fractures, foliations, veins, etc. The Company views RAB drill results as an indication of the presence and general grade of gold at a given target, and encouraging results are followed up with either reverse circulation (RC) or diamond drilling in order to quantify grades and thicknesses of mineralized zones.

 

About White Gold Corp.

The Company owns a portfolio of 21,111 quartz claims across 31 properties covering over 420,000 hectares representing over 40% of the Yukon’s emerging White Gold District. The Company’s flagship White Gold property hosts the Company’s Golden Saddle and Arc deposits which have a mineral resource of 1,139,900 ounces Indicated at 2.28 g/t Au and 402,100 ounces Inferred at 1.39 g/t Au(1). Mineralization on the Golden Saddle and Arc is also known to extend beyond the limits of the current resource estimate. The Company’s recently acquired VG Deposit also hosts a historic Inferred gold resource of 230,000 ounces at 1.65 g/t Au(2). Regional exploration work has also produced several other new discoveries and prospective targets on the Company’s claim packages which border sizable gold discoveries including the Coffee project owned by Newmont Corporation with Measured and Indicated Resources of 2.17 Moz at 1.46 g/t Au, and Inferred Resources of 0.50 Moz at 1.32 g/t Au(3), and Western Copper and Gold Corporation’s Casino project which has Measured and Indicated Resources of 14.5 Moz Au and 7.6 Blb Cu and Inferred Resources of 6.6 Moz Au and 3.3 Blb Cu(4). For more information visit www.whitegoldcorp.ca.

 

(1) See White Gold Corp. technical report titled “Technical Report for the White Gold Project, Dawson Range, Yukon Canada”, dated July 10, 2020, prepared by Dr. Gilles Arseneau, P.Geo., and Andrew Hamilton, P.Geo., available on SEDAR.
(2) See Comstock Metals Ltd. technical report titled “NI 43-101 TECHNICAL REPORT on the QV PROJECT”, dated August 19, 2014, prepared by Jean Pautler, P.Geo., and Ali Shahkar, P.Eng., available on SEDAR.
(3) See Newmont Corporation press release titled “Newmont Reports 2019 Gold Mineral Reserves of 100 Million Ounces, Largest in Company History”, dated February 13, 2020, available on SEDAR.
(4) See Western Copper and Gold Corporation press release titled “Western Copper and Gold Announces Significant Resource Increase at Casino”, dated July 14, 2020, available on SEDAR.

 

Qualified Person

Terry Brace, P.Geo. and Vice President of Exploration for the Company is a “qualified person” as defined under National Instrument 43-101 – Standards of Disclosure of Mineral Projects and has reviewed and approved the content of this news release.

 

 

Posted November 1, 2021

Share this news article

MORE or "UNCATEGORIZED"


Hemlo Explorers Announces Closing of First Tranche of Non-Brokered Private Placement

Hemlo Explorers Inc. (TSX-V: HMLO) is pleased to announce that it... READ MORE

November 26, 2021

Pasinex Announces Third Quarter 2021 Financial Results

Pasinex Resources Limited (CSE: PSE) (FSE: PNX) reports the Compa... READ MORE

November 25, 2021

Contact Gold Closes First Tranche of Private Placement Financing

Contact Gold Corp. (TSX-V: C) (OTCQB: CGOLF) is pleased to announ... READ MORE

November 25, 2021

Benton and Sokoman Announce Gold Discovery at the Grey River Gold Project, Southern Newfoundland

Assays for six of 13 core samples, “super rushed” for... READ MORE

November 25, 2021

Metallica Metals Intersects High Grade Gold Mineralization in First Drill Holes Completed on Starr Gold-Silver Project

Metallica Metals Corp. (CSE:MM) (OTC:MTALF) (FWB:SY7P) is ple... READ MORE

November 25, 2021

We acknowledge the [financial] support of the Government of Canada.

Government of Canada Supported
Copyright 2021 The Prospector News