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Providing coverage of Alaska and Northwest Canada's mineral industry
November 2017

Vol. 22, No. 46 Week of November 12, 2017

Mining News: Drilling continues to grow Golden Saddle

White Gold Corp. Nov. 6 said its 2017 drill program continues to expand the Main and Footwall zones of the Golden Saddle deposit on its White Gold property in the Yukon. Highlights from the latest batch of results from Golden Saddle include: 109.7 meters of 1.33 g/t gold from a depth of 39.6 meters in hole WHTGS17RC-012, a Main zone intercept; 111.3 meters of 2.61 g/t gold from a depth of 47.2 meters in WHTGS17RC-011, Main zone intercept; 34 meters of 1.19 g/t gold from 215 meters in WHTGS17DD-171, a Footwall intercept; 7 meters of 1.8 g/t gold from 205 meters in WHTGS17DD-172, Footwall intercept; 16.8 meters of 1.44 g/t gold from a depth of 134.1 meters in WHTGS17RC-016, a Footwall intercept; 27.4 meters of 1.31 g/t gold from 149.4 meters in hole WHTGS17RC-009, Footwall intercept. White Gold said these results significantly extend the Footwall zone to the west, towards surface and down-dip; demonstrating the potential for additional near surface mineralization in undrilled and widely drilled portions of the deposit, as well as increased continuity of the GS Main Zone and extension toward surface. White Gold holds claims covering roughly 1 million acres (390,000 hectares) of the White Gold District. This includes the five claim blocks in the district previously held by Kinross Gold Corp. – White Gold, JP Ross, Black Fox, Yellow and Battle. The White Gold property hosts 9.79 million metric tons of indicated resource averaging 2.7 g/t (840,000 ounces) gold; and 2.17 million metric tons of inferred resource averaging 1.8 g/t (125,000 oz) gold, according to Kinross’ reserves and resources statement for the end of 2016. White Gold Corp., which closed the deal to acquire Kinross’ White Gold District portfolio in June, began drilling the White Gold property in September. This 4,432-meter program included 31 reverse circulation holes and four diamond holes. Assays are still pending from most of this work and the results will be included in an updated White Gold resource estimate slated for completion early in 2018.

–SHANE LASLEY






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