White Gold CEO David D’Onofrio
White Gold (TSXV:WGO,OTCQX:WHGOF,FWB:29W) maintains its robust portfolio of gold projects in Yukon. White Gold CEO David D’Onofrio said the company has been significantly successful with a 1.1 million ounce gold resource.
“We’ve been very successful in our total ounces, pretty significantly,” D’Onofrio said. “We’re at 1.1 million ounces now. And that’s not including a couple of very exciting new discoveries 2 kilometers away from that deposit. For the last two years, we’ve been looking for new zones of mineralization around our flagship deposit. We (want to get) the best bang for our buck as a junior explorer.”
White Gold made a new high-grade discovery after it intersected 6.94 grams per metric ton (g/t) gold over 19.5 meters and 1.36 g/t gold over 18.5 meters at the Ulli’s Ridge target at the Golden Saddle and Arc deposits. The two projects have a combined mineral resource of 1,139,900 ounces.
D’Onofrio added that the company can really ramp up quickly in terms of size and has been very successful in doing that with two new discoveries. “We can get excited going forward considering we have this drone-to-drill methodology. Over the last five years, we’re starting to drone the soil with identifying targets. And we’ve started to perform a diamond drill program on these targets.”
Last year, White Gold had a truly world-class discovery at its Betty property, according to D’Onofrio. The property is contiguous to Newmont’s (TSX:NGT,NYSE:NEM) multimillion-ounce Coffee deposit.
“We’re more of a data analysis company that performs exploration,” he said. “We’re putting them through this protocol designed over the last 20 years. It’s proven to be extremely successful. We think what we’re seeing in these earlier-stage results is that the prospect for more and more multimillion-ounce hybrid discoveries is very high in our district.”
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