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Be the first with the news that moves the market- White Gold (TSXV:WGO) has begun exploration diamond drilling at its Vertigo target on the JP Ross property in west-central Yukon
- Drilling at Vertigo is planned to test a revised structural interpretation developed from a recent analysis of structural data that has identified multiple untested vein sets in the hanging wall
- Five holes totalling 1,100 metres are planned to test the mineralized zone near previous trenching, as well as adjacent gold-in-soil anomalies located 250 metres to 300 metres to the east-northeast, southwest and south
- White Gold Corp. (WGO) opened trading at $0.32 per share
White Gold (TSXV:WGO) has begun exploration diamond drilling at its Vertigo target on the JP Ross property in west-central Yukon.
Situated in the White Gold District, Vertigo is 30 kilometres northeast of the company’s flagship White Gold Project, which comprises 16 million tonnes averaging 2.23 g/t Au for 1,152,900 ounces of gold in the indicated resource category and 19 million tonnes averaging 1.54 g/t Au for 942,400 ounces of gold in the inferred resource category.
Drilling at Vertigo is planned to test a revised structural interpretation developed from a recent analysis of structural data which has identified multiple untested vein sets in the hanging wall.
The company noted that these vein sets could potentially improve the continuity of the gold mineralization, increasing the chances of delineating a bulk tonnage high-grade gold and silver deposit.
The company’s CEO, David D’Onofrio, explained that earlier exploration work at Vertigo had encountered some of the highest-grade gold and silver to date on the district-scale land package and the team is eager to test the recently revised structural interpretation based on new structural data.
“With its very high gold and silver grades and its location in one of the most prolific placer camps in the Yukon, Vertigo is a very exciting target to be testing this year in addition to the high-grade Betty Ford target and the maiden diamond drill program on the Nolan property,” D’Onofrio said in a news release.
Five holes totalling 1,100 metres are planned to test the mineralized zone near previous trenching, as well as adjacent gold-in-soil anomalies located 250 metres to 300 metres to the east-northeast, southwest and south.
Mineralization in drilling has been encountered over an area measuring 0.5 km long by 0.5 km wide, and all drilling at Vertigo to date has been shallow with the longest hole being 280.5 metres.
White Gold is a Canadian gold exploration company that owns a portfolio of 17,584 quartz claims across 30 properties covering 3,500 square kilometres representing more than 40 per cent of the Yukon’s emerging White Gold District. The company’s flagship White Gold property hosts the company’s Golden Saddle and Arc deposits, which have a mineral resource of 1,139,900 ounces indicated at 2.28 g/t Au and 402,100 ounces inferred at 1.39 g/t Au.
White Gold Corp. (WGO) opened trading at $0.32 per share.
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