White Gold Corp has identified a new near-surface high-grade gold zone in their Western Extension of the Betty Ford target in the White Gold district of Yukon, Canada.
The company has reported a strike length of over 20.85m, extending the recently identified high-grade gold zone to the southwest. The intercepts included 5.04 g/t Au over 20.85m, which was one of the company’s highest reported grades in its White Gold district holdings to date.
The drill program also identified additional gold occurrences in the sulphide domain further along the Betty Ford fault structure. The gold-bearing sulphide occurrences are located outside the main zone of near-surface oxide gold mineralization.
The new gold zone is in line with what White Gold Corp has been expecting to see: higher grade and lower tonnage occurrences within the Betty Ford fault structure as the company begins to develop a more detailed picture about the mineralization styles of the White Gold district.
White Gold Corp is currently planning more exploration drilling at the Betty Ford target. The additional drilling will focus on searching for deeper gold mineralization along strike and boosting its knowledge of the mineralization styles of the district.
In addition to the exploration drilling, the White Gold Corp is assessing the economic impact of the new gold intercepts through geological modeling and resource evaluations. The results from the modelling will be used to determine the size and potential of the resource to develop a robust resource estimate.
White Gold Corp’s CEO, David D’Onofrio welcomed the news, saying “We are encouraged by the gold intercepts from our first drill program at the Western Extension of Betty Ford, a priority target on our White Gold District property. Our primary focus is still on gold in the near-surface oxide domain, however, the recent drill data confirms our understanding that the Betty Ford Faults host higher grades and different mineralization styles. We look forward to providing an update upon completion of the additional exploration drilling as we seek to unlock the potential of our district scale land package.”
