White Gold Corporation announce it has filed a technical report in accordance with National Instrument Standards of Disclosure for Mineral Projects to update the Mineral Resource Estimate (MRE) on its 100% owned flagship White Gold Project. The technical report entitled, 2024 Technical Report for the White Gold Project, Dawson Range, Yukon, Canada, has been prepared for the Company by Dr. Gilles Arseneau, P.Geo. of ARSENEAU Consulting Services Inc.
The updated mineral resource includes a significant increase in total gold ounces, including an 18.5% increase in inferred resources and a 4.3% increase in indicated resources (see Company News Release dated November 19, 2024). The White Gold project now comprises 1,203,000 ounces of gold in the Indicated Resource category (17.7 million tonnes averaging 2.12 g/t Au) and 1,116,600 ounces of gold in the Inferred Resource category (24.5 million tonnes averaging 1.42 g/t Au) at US$2,000/oz gold.
The gold resources at the White Gold Project are near surface, almost entirely captured within open pits, and remain open for expansion in multiple directions with additional opportunities to increase total resources via targets within close proximity. Additional increases to the size of the resource may also be possible through an ongoing analysis of the resource block model and by capturing additional ounces hosted within the Target.
Further Exploration area which hosts an additional estimated 10 – 12 million tonnes grading between 1 – 2 g/t Au. These results form part of the Company’s work program supported by strategic partners including Agnico Eagle Mines Limited and Kinross Gold Corporation.
“The filing of the updated MRE technical report on our flagship White Gold Project represents another significant milestone on the continued growth and advancement of our deposits, which now ranks as one of the highest-grade undeveloped open-pittable gold deposits in Canada.
Several opportunities exist to continue to expand the resource size through further drilling, nearby targets and optimization of the resource block model and the significant Target for Further Exploration area which remains largely underexplored. We look forward to continuing to unlock the gold and critical mineral endowment of our prospective district scale land package in a tier 1 jurisdiction which has such a prolific history and prospectivity” stated David D’Onofrio, Chief Executive Officer.
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