White Gold says this new resource estimate — covering four deposits for a total of 17.6 million tonnes at 2.12 g/t gold for 1.2 million oz. in the indicated category and 24.4 million tonnes at 1.42 g/t gold for 1.1 million oz. inferred category — makes the project “one of the highest-grade open pit gold resources in Canada.”
The deposits are also complimented by several new gold discoveries and prospective targets, creating what White Gold chief executive David D’Onofrio calls “a very robust gold exploration pipeline in a highly prolific and underexplored area of the Yukon.”
Shares of White Gold rose by C$0.02 or 9.5% to C$0.23 apiece by 1:00 p.m. ET, for a market capitalization of C$41.7 million.
Critical minerals opportunities
While undergoing its gold exploration, White Gold has also identified numerous critical mineral opportunities, which according to D’Onofrio, are believed to be quite…
