White Gold (TSXV:WGO) has increased its resource estimate by 41 percent at its flagship White Gold project, located in Yukon’s White Gold district, which the company’s CEO, David D’Onofrio, says is one of Canada’s next major gold camps.
“We’re really thrilled to have announced the achievement of a major milestone for our company,” D’Onofrio said. “We’ve updated the mineral resource estimate for our flagship White Gold project … that includes 1.15 million ounces indicated at about 2.23 grams (per metric ton), and 950,000 ounces in the inferred category.
“Altogether, this is about 2.1 million ounces of very excellent grade,” he continued. “It’s primarily open pittable. It’s an excellent jurisdiction, and in an area that is emerging to be what I think is one of Canada’s next major gold camps.”
Having an increased resource at the White Gold project is fundamentally a huge threshold for the company, according to D’Onofrio.
“I think this is now amongst one of the largest gold deposits that’s open pittable at such high grades in Canada,” he said. “It really helps validate our thesis from the very beginning that there’s a tremendous amount of gold in this area. We are literally just scratching the surface. And in a very short amount of time, we’ve been able to delineate this significant gold deposit.”
Watch the full interview with David D’Onofrio, CEO of White Gold, above.
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