This week, White Gold announced its 2020 exploration program is fully funded. The company’s extensive 422,000-plus hectare land package represents more than 40% of the emerging White Gold District in Yukon, Canada. The 2020 exploration program, which is budgeted at approximately $4 million, has been designed to further test existing targets and recent high-grade discoveries on the company’s White Gold, Hen, and JP Ross properties, as well as to identify and advance other targets on its extensive regional land package. Backed by partners Agnico Eagle Mines and Kinross Gold, the 2020 exploration program is scheduled to commence in the coming weeks.
A district scale map outlining the company’s planned 2020 exploration work areas and other images can be found here.
“2020 is expected to be another exciting year for White Gold as we diamond drill test recent discoveries at the Ryan’s Surprise and Titan targets, as well as advance other high-priority targets across our expansive land package,” Vice President of Exploration Terry Brace said. “Extensive review and analysis performed in the off-season has also provided new interpretations on several projects, which we are excited to test.
“We will also continue to develop a better understanding of the geological and structural framework of our targets for follow up drill testing when ready.”
The White Gold property hosts the company’s flagship Golden Saddle & Arc deposits, which have a current mineral resource of more than 1 million ounces (oz) gold indicated at 2.26 grams (g) per metric ton (mt) gold and more than 500,000 oz gold inferred at 1.48 g/t Au. Planned 2020 exploration work on the White Gold property includes 1,500 m of diamond drilling at the Ryan’s Surprise target to test for strike and down-dip extensions of mineralization encountered in 2019, as well as eight RAB drill holes on high priority targets elsewhere on the property.
White Gold is hosting a webinar on Thursday, May 28 at 1 p.m. ET. The management team will be available to answer questions following the presentation.