Make Kitco Your Homepage

GoldMining grows gold, copper and silver resources in Alaska

Kitco News

Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here!

(Kitco News) - GoldMining (TSX: GOLD) announced Monday the results of an updated Mineral Resource Estimate on its 100% owned Whistler project  in south central Alaska, U.S.A., consisting of resource estimates for the Whistler, Island Mountain and Raintree West gold-copper deposits with an effective date of June 11, 2021.

The company said that an updated Indicated Mineral Resources amounted to 1.94 million ounces gold, 8.33 million ounces of silver and 422.0 million pounds of copper, and Inferred Mineral Resources amounted to 4.67 million ounces gold, 16.06 million ounces silver and 711.4 million pounds of copper.

Compared to the prior reported estimate completed in 2016, Indicated Mineral Resources for gold, copper and silver have increased by 9.9%, 23.0% and 35.9% respectively, and Inferred Mineral Resources for gold have increased 0.9%, and for copper and silver have decreased by 0.3% and 29.0% respectively.

CEO Alastair Still commented, "The updated resource at Whistler provides a clear and modernized view of the potential of this large-scale gold-copper project. With approximately 3.0 million ounces of Indicated gold equivalent resource and 6.5 million ounces of Inferred gold equivalent resource, Whistler is currently one of the largest known mineral resources in Alaska, a proven mining jurisdiction."

The Whistler project is a gold-copper exploration project located in the Yentna Mining District of Alaska, approximately 150km northwest of Anchorage and comprises 304 State of Alaska mining claims covering an aggregate area of approximately 17,159 hectares.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.