White Gold (TSXV:WGO) has elevated its useful resource estimate by 41 p.c at its flagship White Gold venture, positioned in Yukon’s White Gold district, which the corporate’s CEO, David D’Onofrio, says is considered one of Canada’s subsequent main gold camps.
“We’re actually thrilled to have introduced the achievement of a significant milestone for our firm,” D’Onofrio mentioned. “We’ve up to date the mineral useful resource estimate for our flagship White Gold venture … that features 1.15 million ounces indicated at about 2.23 grams (per metric ton), and 950,000 ounces within the inferred class.
“Altogether, that is about 2.1 million ounces of very wonderful grade,” he continued. “It is primarily open pittable. It is a superb jurisdiction, and in an space that’s rising to be what I believe is considered one of Canada’s subsequent main gold camps.”
Having an elevated useful resource on the White Gold venture is basically an enormous threshold for the corporate, in response to D’Onofrio.
“I believe that is now amongst one of many largest gold deposits that is open pittable at such excessive grades in Canada,” he mentioned. “It actually helps validate our thesis from the very starting that there is a large quantity of gold on this space. We are actually simply scratching the floor. And in a really quick period of time, we have been capable of delineate this vital gold deposit.”
Watch the complete interview with David D’Onofrio, CEO of White Gold, above.
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The data contained right here is for info functions solely and isn’t to be construed as a proposal or solicitation for the sale or buy of securities. Readers ought to conduct their very own analysis for all info publicly accessible regarding the firm. Prior to creating any funding resolution, it’s endorsed that readers seek the advice of instantly with White Gold and search recommendation from a certified funding advisor.
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