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White Gold Corp. Announces Mineral Resource Estimate of 961,000 Indicated and 282,500 Inferred Ounces of Gold on the White Gold Property, Yukon, Canada
TORONTO, March 05, 2018 (GLOBE NEWSWIRE) -- White Gold Corp. (TSX.V:WGO) (OTC:GFRGF) (FRA:29W) (the “Company”) is pleased to announce a Mineral Resource Estimat
About this update from White Gold Corp.
[{"type":"text","content":" TORONTO, March 05, 2018 (GLOBE NEWSWIRE) -- White Gold Corp. (TSX.V:WGO) (OTC:GFRGF) (FRA:29W) (the “Company”) is pleased to announce a Mineral Resource Estimate on the White Gold property located in Yukon, Canada. Highlights Include: Indicated Mineral Resource of 961,000 gold ounces within 12,324,000 tonnes at 2.43 g/t gold, and Inferred Mineral Resource of 282,500 gold ounces within 5,157,000 tonnes at 1.70 g/t gold, from the Golden Saddle (GS Main, GS Footwall and GS Upper) and Arc deposits. A consistent high-grade core on the GS Main that contains 832,000 gold ounces at a grade of 2.96 g/t gold in an Indicated category and 107,000 gold ounces at a grade of 3.18 g/t gold Inferred using a >1 g/t cut-off. Included in this high-grade core is 525,600 gold ounces at a grade of 4.68 g/t gold in an Indicated category and 81,900 gold ounces at a grade of 4.74 g/t gold Inferred using a >3 g/t cut-off. Mineralization on the Golden Saddle and Arc is also known to extend beyond the limits of the current resource estimate. Geologic models in this area conceptually include an estimated 7 to 10 million tonnes grading between 1 to 1.5 g/t gold. Mineralization on all zones is open along strike, down dip and down plunge with grades increasing at depth. Detailed images of the resource model and additional information can be found at http://whitegoldcorp.ca/investors/exploration-highlights/. Jodie Gibson, P.Geo., Vice President of Exploration for the Company, commented “We are very pleased with the Mineral Resource estimate on the Golden Saddle and Arc. It provides us with a solid foundation from which we can expand the current mineral inventory in future exploration programs. Particularly exciting is the GS Main which has a remarkably consistent core at grades >3g/t Au that has been traced from surface to approximately 400m depth and is open down dip and down plunge. The Arc also remains open for expansion in all directions and our 2017 program demonstrated a subparallel zone to the Arc. These results have been achieved with only 44,698m of drilling on the Golden Saddle and 11,911m of drilling on the Arc to date by the Company and previous owners. Combined with the numerous other known exploration targets on the property that have received minimal to no drill testing and the broad advances in our understanding of the regional geology ...