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White Gold Corp. has reported a significant increase in resources at its White Gold Project in Yukon, raising indicated ounces by 44% to 35.1 million tonnes grading 1.53 grams gold per tonne for a total of 1.73 million ounces. Inferred resources grew by 13% to 32.3 million tonnes at 1.22 grams gold, amounting to 1.26 million ounces. This update positions the project among the top undeveloped open-pit gold resources in the territory.
The update was made public on Thursday, with the project situated approximately 95 km south of Dawson City. White Gold shares rose by 3.3% to C$0.47, giving the company a market capitalization of C$92.89 million. The deposit ranks third in Yukon for contained gold, following Snowline Gold’s Valley resource and Victoria Gold’s Brewery Creek project.
Key findings include that more than half of the resource tonnage is concentrated in the Golden Saddle deposit, with a high-grade core of 1.1 million indicated ounces at 2.84 grams gold. An ongoing exploration program aims to further increase resources, although no timeline for a preliminary economic assessment has been provided.
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