White Gold Increases Mineral Resource Estimate By 25%
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(Kitco News) - Yukon explorer White Gold (CVE:WGO) announced Monday that it grew its mineral resource and now has 1,039,600 gold ounces within 14,330,000 tonnes at 2.26 grams per tonne gold.
The inferred mineral resource is now 508,700 gold ounces within 10,696,000 tonnes at 1.48 g/t gold from the Golden Saddle and Arc deposits.
The additional resources represent a 25% increase based on 2018 activities.
"We are very pleased with the significant increase in the Golden Saddle & Arc in 2018 with the relatively limited amount of drilling performed. The growth in the Golden Saddle was primarily driven by the 2018 GS West Zone discovery and continued drilling of the GS Main Zone," stated David D'Onofrio, Chief Executive Officer.
"Continuing to grow the Golden Saddle & Arc resource will be one element of our fully funded $13 million 2019 exploration program."Written with material from White Gold news release